EUNN.DE vs. IQQJ.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and IQQJ.DE (iShares MSCI Japan UCITS ETF (Dist)) are both Japan Equities funds from iShares - EUNN.DE tracks the MSCI Japan IMI while IQQJ.DE tracks the MSCI Japan. Both are passively managed. Over the past 10 years, EUNN.DE returned 9.05%/yr vs 8.94%/yr for IQQJ.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.12% expense ratio.
Performance
EUNN.DE vs. IQQJ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EUNN.DE having a 16.53% return and IQQJ.DE slightly higher at 16.83%. Both investments have delivered pretty close results over the past 10 years, with EUNN.DE having a 9.05% annualized return and IQQJ.DE not far behind at 8.94%.
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%
IQQJ.DE
- 1D
- -14.69%
- 1M
- 3.60%
- YTD
- 16.83%
- 6M
- 16.82%
- 1Y
- 31.71%
- 3Y*
- 15.45%
- 5Y*
- 9.84%
- 10Y*
- 8.94%
EUNN.DE vs. IQQJ.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% |
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 16.83% | 12.69% | 13.58% | 16.03% | -12.77% | 9.53% | 4.77% | 21.88% | -10.11% | 8.81% |
Correlation
The correlation between EUNN.DE and IQQJ.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.95 |
The correlation between EUNN.DE and IQQJ.DE has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. IQQJ.DE — Risk / Return Rank
EUNN.DE
IQQJ.DE
EUNN.DE vs. IQQJ.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 UCITS ETF (Dist) (IQQJ.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 | IQQJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.07 | +1.07 |
| Martin ratioReturn relative to average drawdown | 10.51 | 9.16 | +1.35 |
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 | IQQJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 0.87 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.46 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.47 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.28 | +0.25 |
Drawdowns
EUNN.DE vs. IQQJ.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.55%, smaller than the maximum IQQJ.DE drawdown of -54.99%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and IQQJ.DE.
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Drawdown Indicators
| EUNN.DE | IQQJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.55% | -54.99% | +26.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -14.69% | +5.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -16.72% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -19.40% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -28.55% | -28.02% | -0.53% |
Current DrawdownCurrent decline from peak | -0.27% | -14.69% | +14.42% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -16.84% | +9.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.33% | -0.47% |
Volatility
EUNN.DE vs. IQQJ.DE - Volatility Comparison
The current volatility for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) is 3.16%, while iShares MSCI Japan UCITS ETF (Dist) (IQQJ.DE) has a volatility of 30.30%. This indicates that EUNN.DE experiences smaller price fluctuations and is considered to be less risky than IQQJ.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 | IQQJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 30.30% | -27.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 33.04% | -18.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 34.82% | -16.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 21.13% | -5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 18.82% | -2.74% |
EUNN.DE vs. IQQJ.DE - Expense Ratio Comparison
Both EUNN.DE and IQQJ.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUNN.DE vs. IQQJ.DE - Dividend Comparison
EUNN.DE has not paid dividends to shareholders, while IQQJ.DE's dividend yield for the trailing twelve months is around 1.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 1.52% | 1.79% | 1.48% | 1.42% | 1.76% | 1.16% | 1.40% | 1.41% | 1.44% | 1.23% | 1.21% | 0.57% |
Frequently Asked Questions
With a correlation of 0.94, EUNN.DE and IQQJ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE and IQQJ.DE have the same expense ratio: 0.12% per year.
EUNN.DE tracks MSCI Japan IMI, while IQQJ.DE tracks MSCI Japan.
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