EUNN.DE vs. PHSP.L
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and PHSP.L (WisdomTree Physical Silver) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while PHSP.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, EUNN.DE returned 8.53%/yr vs 9.94%/yr for PHSP.L. At a 0.11 correlation, their price movements are largely independent. EUNN.DE charges 0.12%/yr vs 0.49%/yr for PHSP.L.
Performance
EUNN.DE vs. PHSP.L - Performance Comparison
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Different Trading Currencies
EUNN.DE is traded in EUR, while PHSP.L is traded in GBp. To make them comparable, the PHSP.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 PHSP.L's -19.97% return. Over the past 10 years, EUNN.DE has underperformed PHSP.L with an annualized return of 8.53%, while PHSP.L has yielded a comparatively higher 9.94% 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%
PHSP.L
- 1D
- -0.82%
- 1M
- -19.77%
- 6M
- -36.21%
- YTD
- -19.97%
- 1Y
- 48.42%
- 3Y*
- 29.27%
- 5Y*
- 17.01%
- 10Y*
- 9.94%
EUNN.DE vs. PHSP.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% |
PHSP.L WisdomTree Physical Silver | -19.97% | 117.70% | 28.78% | -4.53% | 9.55% | -6.39% | 33.20% | 19.73% | -4.74% | -9.39% |
Correlation
The correlation between EUNN.DE and PHSP.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.11 |
Over the past year, EUNN.DE and PHSP.L have become more correlated (0.32) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
EUNN.DE vs. PHSP.L — Risk / Return Rank
EUNN.DE
PHSP.L
EUNN.DE vs. PHSP.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 WisdomTree Physical Silver (PHSP.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 | PHSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 0.99 | +2.28 |
| Martin ratioReturn relative to average drawdown | 10.78 | 2.06 | +8.72 |
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Drawdowns
EUNN.DE vs. PHSP.L - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, smaller than the maximum PHSP.L drawdown of -71.39%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and PHSP.L.
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Drawdown Indicators
| EUNN.DE | PHSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -71.39% | +42.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -48.90% | +39.32% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -48.90% | +33.09% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -48.90% | +29.49% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | -48.90% | +20.34% |
Current DrawdownCurrent decline from peak | -6.26% | -48.90% | +42.64% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -42.76% | +35.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 23.42% | -20.51% |
Volatility
EUNN.DE vs. PHSP.L - Volatility Comparison
The current volatility for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) is 6.29%, while WisdomTree Physical Silver (PHSP.L) has a volatility of 12.56%. This indicates that EUNN.DE experiences smaller price fluctuations and is considered to be less risky than PHSP.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 | PHSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 12.56% | -6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 50.54% | -34.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 56.40% | -37.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 37.09% | -20.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 31.14% | -15.00% |
EUNN.DE vs. PHSP.L - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than PHSP.L's 0.49% expense ratio.
Dividends
EUNN.DE vs. PHSP.L - Dividend Comparison
Neither EUNN.DE nor PHSP.L has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and PHSP.L have a correlation of 0.32, 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 0.49% for PHSP.L.
EUNN.DE is categorized as Japan Equities, while PHSP.L is Silver. EUNN.DE tracks MSCI Japan IMI, while PHSP.L tracks LBMA Silver Price. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.12% for EUNN.DE and 0.49% for PHSP.L.
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