EUNL.DE vs. SXR8.DE
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - EUNL.DE is a Global Equities fund tracking the MSCI World Index, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EUNL.DE returned 12.82%/yr vs 14.95%/yr for SXR8.DE. Their correlation of 0.92 suggests significant overlap in exposure. EUNL.DE charges 0.20%/yr vs 0.07%/yr for SXR8.DE.
Performance
EUNL.DE vs. SXR8.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EUNL.DE having a 10.86% return and SXR8.DE slightly higher at 11.37%. Over the past 10 years, EUNL.DE has underperformed SXR8.DE with an annualized return of 12.82%, while SXR8.DE has yielded a comparatively higher 14.95% 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%
SXR8.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.83%
- 1Y
- 25.54%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
EUNL.DE vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
Correlation
The correlation between EUNL.DE and SXR8.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
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 May 28, 2010 | 0.92 |
The correlation between EUNL.DE and SXR8.DE has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
EUNL.DE vs. SXR8.DE — Risk / Return Rank
EUNL.DE
SXR8.DE
EUNL.DE vs. SXR8.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 S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 3.58 | +0.07 |
| Martin ratioReturn relative to average drawdown | 14.52 | 12.71 | +1.81 |
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 | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.21 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.96 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.92 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.79 | +0.03 |
Drawdowns
EUNL.DE vs. SXR8.DE - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, roughly equal to the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and SXR8.DE.
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Drawdown Indicators
| EUNL.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.78% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -7.13% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -23.32% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -23.32% | +1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.78% | +0.15% |
Current DrawdownCurrent decline from peak | -0.31% | -0.45% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -5.17% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.01% | -0.37% |
Volatility
EUNL.DE vs. SXR8.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) have volatilities of 2.62% and 2.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNL.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.65% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 7.57% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 11.56% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 15.16% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 16.09% | -0.92% |
EUNL.DE vs. SXR8.DE - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is higher than SXR8.DE's 0.07% 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. SXR8.DE - Dividend Comparison
Neither EUNL.DE nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, EUNL.DE and SXR8.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, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for EUNL.DE.
EUNL.DE is categorized as Global Equities, while SXR8.DE is S&P 500. EUNL.DE tracks MSCI World Index, while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.20% for EUNL.DE and 0.07% for SXR8.DE.
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