EUNN.DE vs. EUNL.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, EUNN.DE returned 9.05%/yr vs 12.82%/yr for EUNL.DE. A 0.68 correlation means they provide meaningful diversification when combined. EUNN.DE charges 0.12%/yr vs 0.20%/yr for EUNL.DE.
Performance
EUNN.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 16.53% return, which is significantly higher than EUNL.DE's 10.86% return. Over the past 10 years, EUNN.DE has underperformed EUNL.DE with an annualized return of 9.05%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
EUNN.DE
- 1D
- -0.27%
- 1M
- 3.50%
- YTD
- 16.53%
- 6M
- 16.81%
- 1Y
- 31.22%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
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%
EUNN.DE vs. EUNL.DE - 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% |
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% |
Correlation
The correlation between EUNN.DE and EUNL.DE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.68 |
The correlation between EUNN.DE and EUNL.DE has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. EUNL.DE — Risk / Return Rank
EUNN.DE
EUNL.DE
EUNN.DE vs. EUNL.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 Core MSCI World UCITS ETF USD (Acc) (EUNL.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.
| EUNN.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 3.64 | -0.51 |
| Martin ratioReturn relative to average drawdown | 10.51 | 14.52 | -4.00 |
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 | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 2.12 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.90 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.84 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.82 | -0.29 |
Drawdowns
EUNN.DE vs. EUNL.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.55%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and EUNL.DE.
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Drawdown Indicators
| EUNN.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.55% | -33.63% | +5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -6.50% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -21.73% | +5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -21.73% | +2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -28.55% | -33.63% | +5.08% |
Current DrawdownCurrent decline from peak | -0.27% | -0.31% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -4.25% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 1.64% | +1.22% |
Volatility
EUNN.DE vs. EUNL.DE - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 3.16% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that EUNN.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 2.62% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 7.72% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 11.16% | +6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 14.17% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 15.17% | +0.91% |
EUNN.DE vs. EUNL.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than EUNL.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. EUNL.DE - Dividend Comparison
Neither EUNN.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and EUNL.DE have a correlation of 0.63, 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 EUNL.DE.
EUNN.DE is categorized as Japan Equities, while EUNL.DE is Global Equities. EUNN.DE tracks MSCI Japan IMI, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.12% for EUNN.DE and 0.20% for EUNL.DE.
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