EUNL.DE vs. IS3C.DE
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) are both exchange-traded funds - EUNL.DE is a Global Equities fund tracking the MSCI World Index, while IS3C.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 10 years, EUNL.DE returned 12.99%/yr vs 1.11%/yr for IS3C.DE. At a 0.36 correlation, their price movements are largely independent. EUNL.DE charges 0.20%/yr vs 0.50%/yr for IS3C.DE.
Performance
EUNL.DE vs. IS3C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNL.DE achieves a 9.95% return, which is significantly higher than IS3C.DE's 1.15% return. Over the past 10 years, EUNL.DE has outperformed IS3C.DE with an annualized return of 12.99%, while IS3C.DE has yielded a comparatively lower 1.11% annualized return.
EUNL.DE
- 1D
- 1.66%
- 1M
- 1.52%
- YTD
- 9.95%
- 6M
- 11.17%
- 1Y
- 23.88%
- 3Y*
- 16.77%
- 5Y*
- 12.47%
- 10Y*
- 12.99%
IS3C.DE
- 1D
- 0.86%
- 1M
- 1.14%
- YTD
- 1.15%
- 6M
- 1.82%
- 1Y
- 9.12%
- 3Y*
- 7.42%
- 5Y*
- -0.38%
- 10Y*
- 1.11%
EUNL.DE vs. IS3C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 9.95% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 31.35% | -5.13% | 7.71% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 1.15% | 11.38% | 3.94% | 7.55% | -20.58% | -3.52% | 3.22% | 12.59% | -8.60% | 7.87% |
Correlation
The correlation between EUNL.DE and IS3C.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2013 | 0.36 |
The correlation between EUNL.DE and IS3C.DE shifts across timeframes, from 0.33 (3 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNL.DE vs. IS3C.DE — Risk / Return Rank
EUNL.DE
IS3C.DE
EUNL.DE vs. IS3C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) and iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUNL.DE | IS3C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 1.78 | +1.96 |
| Martin ratioReturn relative to average drawdown | 15.11 | 6.85 | +8.25 |
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Drawdowns
EUNL.DE vs. IS3C.DE - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, which is greater than IS3C.DE's maximum drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and IS3C.DE.
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Drawdown Indicators
| EUNL.DE | IS3C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -30.78% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -4.77% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -7.99% | -13.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -30.46% | +8.73% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -30.78% | -2.85% |
Current DrawdownCurrent decline from peak | -1.13% | -3.65% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -7.51% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.24% | +0.30% |
Volatility
EUNL.DE vs. IS3C.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a higher volatility of 3.08% compared to iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) at 2.16%. This indicates that EUNL.DE's price experiences larger fluctuations and is considered to be riskier than IS3C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNL.DE | IS3C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.16% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 5.46% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.31% | 6.44% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 8.96% | +5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 9.30% | +5.86% |
EUNL.DE vs. IS3C.DE - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is lower than IS3C.DE's 0.50% expense ratio.
Dividends
EUNL.DE vs. IS3C.DE - Dividend Comparison
EUNL.DE has not paid dividends to shareholders, while IS3C.DE's dividend yield for the trailing twelve months is around 5.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 5.12% | 5.43% | 5.65% | 5.51% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
Frequently Asked Questions
EUNL.DE and IS3C.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for IS3C.DE.
EUNL.DE is categorized as Global Equities, while IS3C.DE is Emerging Markets Bonds. EUNL.DE tracks MSCI World Index, while IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged). Their fees differ too: 0.20% for EUNL.DE and 0.50% for IS3C.DE.
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