EUNL.DE vs. IS3Q.DE
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both Global Equities funds from iShares - EUNL.DE tracks the MSCI World Index while IS3Q.DE tracks the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 10 years, EUNL.DE returned 12.82%/yr vs 12.05%/yr for IS3Q.DE. With a 0.97 correlation, they move nearly in lockstep. EUNL.DE charges 0.20%/yr vs 0.30%/yr for IS3Q.DE.
Performance
EUNL.DE vs. IS3Q.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EUNL.DE achieves a 10.86% return, which is significantly higher than IS3Q.DE's 9.47% return. Over the past 10 years, EUNL.DE has outperformed IS3Q.DE with an annualized return of 12.82%, while IS3Q.DE has yielded a comparatively lower 12.05% annualized return.
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
EUNL.DE vs. IS3Q.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) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | 2.80% | 23.78% | 21.70% | -14.84% | 34.28% | 4.44% | 33.90% | -3.45% | 8.34% |
Correlation
The correlation between EUNL.DE and IS3Q.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.97 |
The correlation between EUNL.DE and IS3Q.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUNL.DE vs. IS3Q.DE — Risk / Return Rank
EUNL.DE
IS3Q.DE
EUNL.DE vs. IS3Q.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 Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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.
| EUNL.DE | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.97 | +0.68 |
| Martin ratioReturn relative to average drawdown | 14.52 | 11.80 | +2.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EUNL.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.76 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.79 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.80 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.76 | +0.05 |
Drawdowns
EUNL.DE vs. IS3Q.DE - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, roughly equal to the maximum IS3Q.DE drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and IS3Q.DE.
Loading charts...
Drawdown Indicators
| EUNL.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -32.31% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -6.33% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -20.63% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -20.63% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -32.31% | -1.32% |
Current DrawdownCurrent decline from peak | -0.31% | -0.12% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -4.61% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.60% | +0.04% |
Volatility
EUNL.DE vs. IS3Q.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a higher volatility of 2.62% compared to iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.37%. This indicates that EUNL.DE's price experiences larger fluctuations and is considered to be riskier than IS3Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUNL.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.37% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 7.31% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 10.66% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 14.15% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 14.89% | +0.28% |
EUNL.DE vs. IS3Q.DE - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is lower than IS3Q.DE's 0.30% expense ratio.
Dividends
EUNL.DE vs. IS3Q.DE - Dividend Comparison
Neither EUNL.DE nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, EUNL.DE and IS3Q.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.30% for IS3Q.DE.
EUNL.DE tracks MSCI World Index, while IS3Q.DE tracks MSCI World Sector Neutral Quality. Their fees differ too: 0.20% for EUNL.DE and 0.30% for IS3Q.DE.
Find the right allocation for EUNL.DE and IS3Q.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer