EUNL.DE vs. IUSN.DE
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and IUSN.DE (iShares MSCI World Small Cap UCITS ETF) are both Global Equities funds from iShares - EUNL.DE tracks the MSCI World Index while IUSN.DE tracks the MSCI World Small Cap. Both are passively managed. Over the past 5 years, EUNL.DE returned 12.89%/yr vs 8.07%/yr for IUSN.DE. Their correlation of 0.87 suggests significant overlap in exposure. EUNL.DE charges 0.20%/yr vs 0.35%/yr for IUSN.DE.
Performance
EUNL.DE vs. IUSN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNL.DE achieves a 10.86% return, which is significantly lower than IUSN.DE's 14.82% 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%
IUSN.DE
- 1D
- 0.51%
- 1M
- 2.54%
- YTD
- 14.82%
- 6M
- 15.37%
- 1Y
- 29.99%
- 3Y*
- 14.95%
- 5Y*
- 8.07%
- 10Y*
- —
EUNL.DE vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -2.25% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 14.82% | 7.82% | 13.17% | 13.11% | -13.82% | 25.28% | 5.33% | 29.05% | -8.27% |
Correlation
The correlation between EUNL.DE and IUSN.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.87 |
The correlation between EUNL.DE and IUSN.DE has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
EUNL.DE vs. IUSN.DE — Risk / Return Rank
EUNL.DE
IUSN.DE
EUNL.DE vs. IUSN.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 MSCI World Small Cap UCITS ETF (IUSN.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 | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 4.20 | -0.56 |
| Martin ratioReturn relative to average drawdown | 14.52 | 15.62 | -1.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUNL.DE | IUSN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.19 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.48 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.53 | +0.29 |
Drawdowns
EUNL.DE vs. IUSN.DE - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, smaller than the maximum IUSN.DE drawdown of -40.23%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and IUSN.DE.
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Drawdown Indicators
| EUNL.DE | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -40.23% | +6.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -7.12% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -24.32% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -24.32% | +2.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -7.03% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.92% | -0.28% |
Volatility
EUNL.DE vs. IUSN.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) is 2.62%, while iShares MSCI World Small Cap UCITS ETF (IUSN.DE) has a volatility of 3.46%. This indicates that EUNL.DE experiences smaller price fluctuations and is considered to be less risky than IUSN.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 | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.46% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 9.56% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 13.64% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 16.53% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 18.31% | -3.14% |
EUNL.DE vs. IUSN.DE - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is lower than IUSN.DE's 0.35% expense ratio.
Dividends
EUNL.DE vs. IUSN.DE - Dividend Comparison
Neither EUNL.DE nor IUSN.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNL.DE and IUSN.DE have a correlation of 0.84, 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 0.35% for IUSN.DE.
EUNL.DE tracks MSCI World Index, while IUSN.DE tracks MSCI World Small Cap. Their fees differ too: 0.20% for EUNL.DE and 0.35% for IUSN.DE.
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