EUNN.DE vs. 36B4.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and 36B4.DE (iShares MSCI Japan SRI UCITS ETF USD Dist) are both Japan Equities funds from iShares - EUNN.DE tracks the MSCI Japan IMI while 36B4.DE tracks the MSCI Japan SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 5 years, EUNN.DE returned 10.10%/yr vs 4.99%/yr for 36B4.DE. Their correlation of 0.94 suggests significant overlap in exposure. EUNN.DE charges 0.12%/yr vs 0.20%/yr for 36B4.DE.
Performance
EUNN.DE vs. 36B4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 19.15% return, which is significantly higher than 36B4.DE's 9.48% return.
EUNN.DE
- 1D
- -0.89%
- 1M
- 1.40%
- 6M
- 13.09%
- YTD
- 19.15%
- 1Y
- 37.78%
- 3Y*
- 17.45%
- 5Y*
- 10.10%
- 10Y*
- 8.89%
36B4.DE
- 1D
- -1.25%
- 1M
- 5.00%
- 6M
- 5.52%
- YTD
- 9.48%
- 1Y
- 22.17%
- 3Y*
- 9.80%
- 5Y*
- 4.99%
- 10Y*
- —
EUNN.DE vs. 36B4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 19.15% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 12.04% |
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 9.48% | 6.64% | 9.02% | 9.56% | -13.77% | 9.87% | 6.38% | 16.82% |
Correlation
The correlation between EUNN.DE and 36B4.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019 | 0.94 |
The correlation between EUNN.DE and 36B4.DE has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. 36B4.DE — Risk / Return Rank
EUNN.DE
36B4.DE
EUNN.DE vs. 36B4.DE - 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 iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.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.
| EUNN.DE | 36B4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.22 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 2.04 | +1.88 |
| Martin ratioReturn relative to average drawdown | 13.10 | 5.90 | +7.20 |
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Drawdowns
EUNN.DE vs. 36B4.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, which is greater than 36B4.DE's maximum drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and 36B4.DE.
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Drawdown Indicators
| EUNN.DE | 36B4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -26.98% | -1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -10.82% | +1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -15.67% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -21.57% | +2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | — | — |
Current DrawdownCurrent decline from peak | -2.95% | -1.25% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -7.09% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 3.75% | -0.87% |
Volatility
EUNN.DE vs. 36B4.DE - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 6.09% compared to iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) at 5.12%. This indicates that EUNN.DE's price experiences larger fluctuations and is considered to be riskier than 36B4.DE 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 | 36B4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 5.12% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | 14.23% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 18.43% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 16.34% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 17.26% | -1.14% |
EUNN.DE vs. 36B4.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than 36B4.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUNN.DE vs. 36B4.DE - Dividend Comparison
EUNN.DE has not paid dividends to shareholders, while 36B4.DE's dividend yield for the trailing twelve months is around 1.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 1.47% | 1.46% | 1.38% | 1.81% | 2.45% | 1.54% | 1.60% | 0.81% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNN.DE and 36B4.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for 36B4.DE.
EUNN.DE tracks MSCI Japan IMI, while 36B4.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels. Their fees differ too: 0.12% for EUNN.DE and 0.20% for 36B4.DE.
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