EUNN.DE vs. ^GSPC
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) is Japan Equities fund tracking the MSCI Japan IMI, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, EUNN.DE returned 9.05%/yr vs 13.40%/yr for ^GSPC. At a 0.47 correlation, their price movements are largely independent.
Performance
EUNN.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
EUNN.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNN.DE achieves a 16.53% return, which is significantly higher than ^GSPC's 12.06% return. Over the past 10 years, EUNN.DE has underperformed ^GSPC with an annualized return of 9.05%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.
EUNN.DE
- 1D
- -0.27%
- 1M
- 5.77%
- YTD
- 16.53%
- 6M
- 16.83%
- 1Y
- 30.19%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
EUNN.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 15.16% | -11.47% | 9.25% | 4.10% | 22.24% | -10.32% | 10.42% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between EUNN.DE and ^GSPC is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.47 |
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Return for Risk
EUNN.DE vs. ^GSPC — Risk / Return Rank
EUNN.DE
^GSPC
EUNN.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) and S&P 500 Index (^GSPC). 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.
| EUNN.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 3.30 | -0.17 |
| Martin ratioReturn relative to average drawdown | 10.51 | 12.34 | -1.83 |
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
| EUNN.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 2.04 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.80 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.72 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.51 | +0.02 |
Drawdowns
EUNN.DE vs. ^GSPC - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.55%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and ^GSPC.
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Drawdown Indicators
| EUNN.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.55% | -51.62% | +23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -7.57% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -23.99% | +8.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -23.99% | +4.58% |
Max Drawdown (10Y)Largest decline over 10 years | -28.55% | -33.42% | +4.87% |
Current DrawdownCurrent decline from peak | -0.27% | -0.20% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -9.08% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.02% | +0.84% |
Volatility
EUNN.DE vs. ^GSPC - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 3.16% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that EUNN.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNN.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 2.24% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 8.62% | +5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 12.29% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 16.79% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 18.59% | -2.51% |
Frequently Asked Questions
EUNN.DE and ^GSPC have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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