EUNN.DE vs. MVOL.L
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, EUNN.DE returned 8.53%/yr vs 6.43%/yr for MVOL.L. A 0.56 correlation means they provide meaningful diversification when combined. EUNN.DE charges 0.12%/yr vs 0.35%/yr for MVOL.L.
Performance
EUNN.DE vs. MVOL.L - Performance Comparison
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Different Trading Currencies
EUNN.DE is traded in EUR, while MVOL.L is traded in USD. To make them comparable, the MVOL.L 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 15.08% return, which is significantly higher than MVOL.L's 5.36% return. Over the past 10 years, EUNN.DE has outperformed MVOL.L with an annualized return of 8.53%, while MVOL.L has yielded a comparatively lower 6.43% 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%
MVOL.L
- 1D
- 0.69%
- 1M
- 2.55%
- 6M
- 4.32%
- YTD
- 5.36%
- 1Y
- 6.10%
- 3Y*
- 8.50%
- 5Y*
- 5.77%
- 10Y*
- 6.43%
EUNN.DE vs. MVOL.L - 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% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 5.36% | -2.16% | 18.41% | 4.07% | -4.02% | 23.22% | -5.89% | 25.33% | 2.18% | 2.96% |
Correlation
The correlation between EUNN.DE and MVOL.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.56 |
Over the past year, the correlation between EUNN.DE and MVOL.L has dropped to 0.20 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
EUNN.DE vs. MVOL.L — Risk / Return Rank
EUNN.DE
MVOL.L
EUNN.DE vs. MVOL.L - 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 Edge MSCI World Minimum Volatility UCITS (MVOL.L). 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 | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.12 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 1.16 | +2.11 |
| Martin ratioReturn relative to average drawdown | 10.78 | 2.83 | +7.95 |
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Drawdowns
EUNN.DE vs. MVOL.L - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, roughly equal to the maximum MVOL.L drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and MVOL.L.
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Drawdown Indicators
| EUNN.DE | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -28.24% | -0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -5.24% | -4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -11.81% | -4.00% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -12.55% | -6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | -28.24% | -0.32% |
Current DrawdownCurrent decline from peak | -6.26% | -3.38% | -2.88% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -4.59% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.15% | +0.76% |
Volatility
EUNN.DE vs. MVOL.L - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 6.29% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.85%. This indicates that EUNN.DE's price experiences larger fluctuations and is considered to be riskier than MVOL.L 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 | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 2.85% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 6.90% | +8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 8.87% | +10.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 10.75% | +5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 12.14% | +4.00% |
EUNN.DE vs. MVOL.L - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.
Dividends
EUNN.DE vs. MVOL.L - Dividend Comparison
Neither EUNN.DE nor MVOL.L has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and MVOL.L have a correlation of 0.20, 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 0.35% for MVOL.L.
EUNN.DE is categorized as Japan Equities, while MVOL.L is Global Equities. EUNN.DE tracks MSCI Japan IMI, while MVOL.L tracks MSCI ACWI NR USD. Their fees differ too: 0.12% for EUNN.DE and 0.35% for MVOL.L.
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