EUNN.DE vs. SXRZ.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and SXRZ.DE (iShares Nikkei 225 UCITS ETF (Acc)) are both Japan Equities funds from iShares - EUNN.DE tracks the MSCI Japan IMI while SXRZ.DE tracks the Nikkei 225®. Both are passively managed. Over the past 10 years, EUNN.DE returned 9.05%/yr vs 11.60%/yr for SXRZ.DE. Their correlation of 0.90 suggests significant overlap in exposure. EUNN.DE charges 0.12%/yr vs 0.48%/yr for SXRZ.DE.
Performance
EUNN.DE vs. SXRZ.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 lower than SXRZ.DE's 32.06% return. Over the past 10 years, EUNN.DE has underperformed SXRZ.DE with an annualized return of 9.05%, while SXRZ.DE has yielded a comparatively higher 11.60% 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%
SXRZ.DE
- 1D
- -1.49%
- 1M
- 7.63%
- YTD
- 32.06%
- 6M
- 30.08%
- 1Y
- 60.04%
- 3Y*
- 20.34%
- 5Y*
- 11.98%
- 10Y*
- 11.60%
EUNN.DE vs. SXRZ.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% |
SXRZ.DE iShares Nikkei 225 UCITS ETF (Acc) | 32.06% | 15.71% | 13.83% | 17.70% | -15.73% | 3.03% | 13.44% | 24.31% | -5.20% | 10.07% |
Correlation
The correlation between EUNN.DE and SXRZ.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010 | 0.90 |
The correlation between EUNN.DE and SXRZ.DE has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. SXRZ.DE — Risk / Return Rank
EUNN.DE
SXRZ.DE
EUNN.DE vs. SXRZ.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 Nikkei 225 UCITS ETF (Acc) (SXRZ.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 | SXRZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 4.57 | -1.43 |
| Martin ratioReturn relative to average drawdown | 10.51 | 13.83 | -3.31 |
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 | SXRZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 2.53 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.64 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.65 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.58 | -0.05 |
Drawdowns
EUNN.DE vs. SXRZ.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.55%, roughly equal to the maximum SXRZ.DE drawdown of -29.90%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and SXRZ.DE.
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Drawdown Indicators
| EUNN.DE | SXRZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.55% | -29.90% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -12.92% | +3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -20.19% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -21.46% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -28.55% | -29.90% | +1.35% |
Current DrawdownCurrent decline from peak | -0.27% | -1.49% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -7.26% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 4.28% | -1.42% |
Volatility
EUNN.DE vs. SXRZ.DE - Volatility Comparison
The current volatility for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) is 3.16%, while iShares Nikkei 225 UCITS ETF (Acc) (SXRZ.DE) has a volatility of 6.62%. This indicates that EUNN.DE experiences smaller price fluctuations and is considered to be less risky than SXRZ.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 | SXRZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 6.62% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 18.37% | -3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 23.34% | -5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 18.49% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 17.77% | -1.69% |
EUNN.DE vs. SXRZ.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than SXRZ.DE's 0.48% expense ratio.
Dividends
EUNN.DE vs. SXRZ.DE - Dividend Comparison
Neither EUNN.DE nor SXRZ.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and SXRZ.DE have a correlation of 0.84, 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 0.48% for SXRZ.DE.
EUNN.DE tracks MSCI Japan IMI, while SXRZ.DE tracks Nikkei 225®. Their fees differ too: 0.12% for EUNN.DE and 0.48% for SXRZ.DE.
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