EUNN.DE vs. IUSA.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while IUSA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EUNN.DE returned 8.53%/yr vs 14.31%/yr for IUSA.DE. A 0.61 correlation means they provide meaningful diversification when combined. EUNN.DE charges 0.12%/yr vs 0.07%/yr for IUSA.DE.
Performance
EUNN.DE vs. IUSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 15.08% return, which is significantly higher than IUSA.DE's 11.82% return. Over the past 10 years, EUNN.DE has underperformed IUSA.DE with an annualized return of 8.53%, while IUSA.DE has yielded a comparatively higher 14.31% annualized return.
EUNN.DE
- 1D
- -2.52%
- 1M
- -5.18%
- 6M
- 8.06%
- YTD
- 15.08%
- 1Y
- 32.94%
- 3Y*
- 15.60%
- 5Y*
- 9.33%
- 10Y*
- 8.53%
IUSA.DE
- 1D
- -1.23%
- 1M
- 0.29%
- 6M
- 9.52%
- YTD
- 11.82%
- 1Y
- 21.99%
- 3Y*
- 18.64%
- 5Y*
- 13.46%
- 10Y*
- 14.31%
EUNN.DE vs. IUSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 15.08% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.82% | 4.69% | 32.36% | 22.47% | -14.25% | 40.75% | 6.77% | 34.55% | -1.14% | 6.67% |
Correlation
The correlation between EUNN.DE and IUSA.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.61 |
The correlation between EUNN.DE and IUSA.DE has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. IUSA.DE — Risk / Return Rank
EUNN.DE
IUSA.DE
EUNN.DE vs. IUSA.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 S&P 500 UCITS ETF USD Dist (IUSA.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 | IUSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 3.11 | +0.16 |
| Martin ratioReturn relative to average drawdown | 10.78 | 11.06 | -0.28 |
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Drawdowns
EUNN.DE vs. IUSA.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, smaller than the maximum IUSA.DE drawdown of -52.05%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and IUSA.DE.
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Drawdown Indicators
| EUNN.DE | IUSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -52.05% | +23.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -6.90% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -23.36% | +7.55% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -23.36% | +3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | -33.67% | +5.11% |
Current DrawdownCurrent decline from peak | -6.26% | -1.33% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -8.41% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.94% | +0.97% |
Volatility
EUNN.DE vs. IUSA.DE - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 6.29% compared to iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) at 3.00%. This indicates that EUNN.DE's price experiences larger fluctuations and is considered to be riskier than IUSA.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 | IUSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 3.00% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 7.88% | +7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 11.64% | +7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 15.21% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 16.04% | +0.10% |
EUNN.DE vs. IUSA.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is higher than IUSA.DE's 0.07% expense ratio. However, 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. IUSA.DE - Dividend Comparison
EUNN.DE has not paid dividends to shareholders, while IUSA.DE's dividend yield for the trailing twelve months is around 0.86%.
| 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% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.86% | 0.94% | 0.99% | 1.25% | 1.46% | 0.99% | 1.40% | 1.48% | 1.70% | 1.51% | 1.37% | 1.52% |
Frequently Asked Questions
EUNN.DE and IUSA.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for EUNN.DE.
EUNN.DE is categorized as Japan Equities, while IUSA.DE is S&P 500. EUNN.DE tracks MSCI Japan IMI, while IUSA.DE tracks S&P 500 Index. Their fees differ too: 0.12% for EUNN.DE and 0.07% for IUSA.DE.
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