EUNL.DE vs. SXR7.DE
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and SXR7.DE (iShares Core MSCI EMU UCITS ETF EUR (Acc)) are both exchange-traded funds - EUNL.DE is a Global Equities fund tracking the MSCI World Index, while SXR7.DE is a Europe Equities fund tracking the MSCI EMU. Both are passively managed. Over the past 10 years, EUNL.DE returned 12.99%/yr vs 10.94%/yr for SXR7.DE. A 0.75 correlation means they provide meaningful diversification when combined. EUNL.DE charges 0.20%/yr vs 0.12%/yr for SXR7.DE.
Performance
EUNL.DE vs. SXR7.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 lower than SXR7.DE's 10.60% return. Over the past 10 years, EUNL.DE has outperformed SXR7.DE with an annualized return of 12.99%, while SXR7.DE has yielded a comparatively lower 10.94% annualized return.
EUNL.DE
- 1D
- 1.66%
- 1M
- 2.05%
- YTD
- 9.95%
- 6M
- 11.17%
- 1Y
- 23.39%
- 3Y*
- 16.77%
- 5Y*
- 12.47%
- 10Y*
- 12.99%
SXR7.DE
- 1D
- 2.15%
- 1M
- 5.81%
- YTD
- 10.60%
- 6M
- 12.58%
- 1Y
- 20.66%
- 3Y*
- 16.23%
- 5Y*
- 10.75%
- 10Y*
- 10.94%
EUNL.DE vs. SXR7.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% |
SXR7.DE iShares Core MSCI EMU UCITS ETF EUR (Acc) | 10.60% | 24.84% | 9.37% | 18.88% | -11.80% | 22.25% | -0.64% | 27.60% | -13.03% | 12.98% |
Correlation
The correlation between EUNL.DE and SXR7.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | 0.75 |
The correlation between EUNL.DE and SXR7.DE has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
EUNL.DE vs. SXR7.DE — Risk / Return Rank
EUNL.DE
SXR7.DE
EUNL.DE vs. SXR7.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 Core MSCI EMU UCITS ETF EUR (Acc) (SXR7.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 | SXR7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.26 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 2.02 | +1.73 |
| Martin ratioReturn relative to average drawdown | 15.11 | 7.48 | +7.63 |
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Drawdowns
EUNL.DE vs. SXR7.DE - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, smaller than the maximum SXR7.DE drawdown of -38.17%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and SXR7.DE.
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Drawdown Indicators
| EUNL.DE | SXR7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -38.17% | +4.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -10.21% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -15.12% | -6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -24.49% | +2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -38.17% | +4.54% |
Current DrawdownCurrent decline from peak | -1.13% | 0.00% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -6.70% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.76% | -1.22% |
Volatility
EUNL.DE vs. SXR7.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) is 3.08%, while iShares Core MSCI EMU UCITS ETF EUR (Acc) (SXR7.DE) has a volatility of 4.47%. This indicates that EUNL.DE experiences smaller price fluctuations and is considered to be less risky than SXR7.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 | SXR7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 4.47% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 12.14% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.31% | 14.74% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 16.20% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 16.98% | -1.82% |
EUNL.DE vs. SXR7.DE - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is higher than SXR7.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUNL.DE vs. SXR7.DE - Dividend Comparison
Neither EUNL.DE nor SXR7.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNL.DE and SXR7.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR7.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR7.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for EUNL.DE.
EUNL.DE is categorized as Global Equities, while SXR7.DE is Europe Equities. EUNL.DE tracks MSCI World Index, while SXR7.DE tracks MSCI EMU. Their fees differ too: 0.20% for EUNL.DE and 0.12% for SXR7.DE.
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