EUNL.DE vs. SXRS.DE
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - EUNL.DE is a Global Equities fund tracking the MSCI World Index, while SXRS.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, EUNL.DE returned 12.89%/yr vs 12.06%/yr for SXRS.DE. At a 0.25 correlation, their price movements are largely independent. EUNL.DE charges 0.20%/yr vs 0.19%/yr for SXRS.DE.
Performance
EUNL.DE vs. SXRS.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 SXRS.DE's 23.84% 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%
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
EUNL.DE vs. SXRS.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% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
Correlation
The correlation between EUNL.DE and SXRS.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.25 |
The correlation between EUNL.DE and SXRS.DE shifts across timeframes, from -0.07 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNL.DE vs. SXRS.DE — Risk / Return Rank
EUNL.DE
SXRS.DE
EUNL.DE vs. SXRS.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 Diversified Commodity Swap UCITS ETF (SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 4.00 | -0.36 |
| Martin ratioReturn relative to average drawdown | 14.52 | 8.95 | +5.57 |
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 | SXRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.87 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.70 | +0.20 |
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 | +0.28 |
Drawdowns
EUNL.DE vs. SXRS.DE - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, which is greater than SXRS.DE's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and SXRS.DE.
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Drawdown Indicators
| EUNL.DE | SXRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -27.64% | -5.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -8.75% | +2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -16.03% | -5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -27.56% | +5.83% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -4.99% | +4.68% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -13.12% | +8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 3.92% | -2.28% |
Volatility
EUNL.DE vs. SXRS.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) is 2.62%, while iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a volatility of 5.76%. This indicates that EUNL.DE experiences smaller price fluctuations and is considered to be less risky than SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 5.76% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 16.67% | -8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 18.76% | -7.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 17.13% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 15.85% | -0.68% |
EUNL.DE vs. SXRS.DE - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is higher than SXRS.DE's 0.19% 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. SXRS.DE - Dividend Comparison
Neither EUNL.DE nor SXRS.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNL.DE and SXRS.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for EUNL.DE.
EUNL.DE is categorized as Global Equities, while SXRS.DE is Commodities. EUNL.DE tracks MSCI World Index, while SXRS.DE tracks Bloomberg Commodity. Their fees differ too: 0.20% for EUNL.DE and 0.19% for SXRS.DE.
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