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EUNN.DE vs. VUSA.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUNN.DE vs. VUSA.AS

Last updated Jun 5, 2026

EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and VUSA.AS (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while VUSA.AS is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EUNN.DE returned 9.05%/yr vs 14.95%/yr for VUSA.AS. A 0.65 correlation means they provide meaningful diversification when combined. EUNN.DE charges 0.12%/yr vs 0.07%/yr for VUSA.AS.

Performance

EUNN.DE vs. VUSA.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) and Vanguard S&P 500 UCITS ETF (VUSA.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EUNN.DE achieves a 16.53% return, which is significantly higher than VUSA.AS's 11.59% return. Over the past 10 years, EUNN.DE has underperformed VUSA.AS with an annualized return of 9.05%, while VUSA.AS has yielded a comparatively higher 14.95% 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%

VUSA.AS

1D
-0.11%
1M
5.23%
YTD
11.59%
6M
11.46%
1Y
25.64%
3Y*
18.84%
5Y*
14.77%
10Y*
14.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUNN.DE vs. VUSA.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VUSA.AS
Vanguard S&P 500 UCITS ETF		11.59%3.90%33.86%22.12%-14.18%40.36%7.72%32.99%-0.37%6.68%

Correlation

The correlation between EUNN.DE and VUSA.AS is 0.51, 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

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Jun 7, 2013

0.65

The correlation between EUNN.DE and VUSA.AS shifts across timeframes, from 0.51 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

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iShares Core MSCI Japan IMI UCITS ETF

Vanguard S&P 500 UCITS ETF

Often compared with EUNN.DE:
EUNN.DE vs. VJPA.DEEUNN.DE vs. LCUJ.DEEUNN.DE vs. XFNT.DEEUNN.DE vs. WTIZ.DEEUNN.DE vs. FLINEUNN.DE vs. ^GSPCEUNN.DE vs. XDWF.DE
Often compared with VUSA.AS:
VUSA.AS vs. VUAA.LVUSA.AS vs. VUAG.LVUSA.AS vs. VWRL.ASVUSA.AS vs. VHYL.ASVUSA.AS vs. VOOVUSA.AS vs. IUSA.DEVUSA.AS vs. VEVE.AS

Return for Risk

EUNN.DE vs. VUSA.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUNN.DE
EUNN.DE Risk / Return Rank: 5656
Overall Rank
EUNN.DE Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
EUNN.DE Sortino Ratio Rank: 5353
Sortino Ratio Rank
EUNN.DE Omega Ratio Rank: 5353
Omega Ratio Rank
EUNN.DE Calmar Ratio Rank: 6464
Calmar Ratio Rank
EUNN.DE Martin Ratio Rank: 6060
Martin Ratio Rank
VUSA.AS
VUSA.AS Risk / Return Rank: 7070
Overall Rank
VUSA.AS Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
VUSA.AS Sortino Ratio Rank: 6767
Sortino Ratio Rank
VUSA.AS Omega Ratio Rank: 7171
Omega Ratio Rank
VUSA.AS Calmar Ratio Rank: 7272
Calmar Ratio Rank
VUSA.AS Martin Ratio Rank: 7070
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUNN.DE vs. VUSA.AS - 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 Vanguard S&P 500 UCITS ETF (VUSA.AS). 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.DEVUSA.ASDifference
Sharpe ratioReturn per unit of total volatility
1.67
2.23

-0.56

Sortino ratioReturn per unit of downside risk
2.52
3.03

-0.50

Omega ratioGain probability vs. loss probability

1.32

1.42

-0.10

Calmar ratioReturn relative to maximum drawdown

3.14

3.55

-0.41

Martin ratioReturn relative to average drawdown

10.51

12.69

-2.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUNN.DE vs. VUSA.AS - Sharpe Ratio Comparison

The current EUNN.DE Sharpe Ratio is 1.67, which is comparable to the VUSA.AS Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of EUNN.DE and VUSA.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EUNN.DEVUSA.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.67

2.23

-0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.61

0.96

-0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

0.92

-0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.93

-0.40

Drawdowns

EUNN.DE vs. VUSA.AS - Drawdown Comparison

The maximum EUNN.DE drawdown since its inception was -28.55%, smaller than the maximum VUSA.AS drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and VUSA.AS.

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Drawdown Indicators

EUNN.DEVUSA.ASDifference

Max Drawdown

Largest peak-to-trough decline

-28.55%

-33.64%

+5.09%

Max Drawdown (1Y)

Largest decline over 1 year

-9.58%

-7.13%

-2.45%

Max Drawdown (3Y)

Largest decline over 3 years

-15.81%

-23.24%

+7.43%

Max Drawdown (5Y)

Largest decline over 5 years

-19.41%

-23.24%

+3.83%

Max Drawdown (10Y)

Largest decline over 10 years

-28.55%

-33.64%

+5.09%

Current Drawdown

Current decline from peak

-0.27%

-0.43%

+0.16%

Average Drawdown

Average peak-to-trough decline

-6.85%

-4.06%

-2.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.86%

2.01%

+0.85%

Volatility

EUNN.DE vs. VUSA.AS - Volatility Comparison

iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 3.16% compared to Vanguard S&P 500 UCITS ETF (VUSA.AS) at 2.62%. This indicates that EUNN.DE's price experiences larger fluctuations and is considered to be riskier than VUSA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUNN.DEVUSA.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.16%

2.62%

+0.54%

Volatility (6M)

Calculated over the trailing 6-month period

14.53%

7.44%

+7.09%

Volatility (1Y)

Calculated over the trailing 1-year period

17.97%

11.34%

+6.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.04%

15.11%

+0.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.08%

16.01%

+0.07%

EUNN.DE vs. VUSA.AS - Expense Ratio Comparison

EUNN.DE has a 0.12% expense ratio, which is higher than VUSA.AS'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. VUSA.AS - Dividend Comparison

EUNN.DE has not paid dividends to shareholders, while VUSA.AS's dividend yield for the trailing twelve months is around 0.87%.

PositionTTM20252024202320222021202020192018201720162015
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%
VUSA.AS
Vanguard S&P 500 UCITS ETF		0.87%0.97%0.99%1.26%1.45%1.02%1.43%1.46%1.74%1.64%1.66%1.76%

Frequently Asked Questions

EUNN.DE and VUSA.AS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VUSA.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VUSA.AS is cheaper with a 0.07% expense ratio, compared with 0.12% for EUNN.DE.

EUNN.DE is categorized as Japan Equities, while VUSA.AS is S&P 500. EUNN.DE tracks MSCI Japan IMI, while VUSA.AS tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for EUNN.DE and 0.07% for VUSA.AS.

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