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 9.52%/yr vs 13.56%/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 19.71% return, which is significantly higher than ^GSPC's 11.08% return. Over the past 10 years, EUNN.DE has underperformed ^GSPC with an annualized return of 9.52%, while ^GSPC has yielded a comparatively higher 13.56% annualized return.
EUNN.DE
- 1D
- 0.54%
- 1M
- 3.39%
- YTD
- 19.71%
- 6M
- 19.97%
- 1Y
- 37.65%
- 3Y*
- 17.53%
- 5Y*
- 10.23%
- 10Y*
- 9.52%
^GSPC
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 11.08%
- 6M
- 9.99%
- 1Y
- 23.85%
- 3Y*
- 17.70%
- 5Y*
- 12.53%
- 10Y*
- 13.56%
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 | 19.71% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
^GSPC S&P 500 Index | 11.08% | 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 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
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 | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 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.
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.
| EUNN.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 3.17 | +0.74 |
| Martin ratioReturn relative to average drawdown | 13.04 | 11.71 | +1.33 |
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Drawdowns
EUNN.DE vs. ^GSPC - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, 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 | -28.56% | -51.62% | +23.06% |
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 | -28.56% | -33.42% | +4.86% |
Current DrawdownCurrent decline from peak | -2.49% | -1.08% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -9.08% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.04% | +0.84% |
Volatility
EUNN.DE vs. ^GSPC - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 5.61% compared to S&P 500 Index (^GSPC) at 3.97%. 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 | 5.61% | 3.97% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.36% | 9.16% | +6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.63% | 12.60% | +6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 16.86% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 18.61% | -2.51% |
Frequently Asked Questions
EUNN.DE and ^GSPC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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