EUNR.DE vs. IUSQ.DE
EUNR.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - EUNR.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate ex-Financials Bond, while IUSQ.DE is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, EUNR.DE returned 0.82%/yr vs 12.83%/yr for IUSQ.DE. At a 0.15 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
EUNR.DE vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNR.DE achieves a 1.25% return, which is significantly lower than IUSQ.DE's 12.95% return. Over the past 10 years, EUNR.DE has underperformed IUSQ.DE with an annualized return of 0.82%, while IUSQ.DE has yielded a comparatively higher 12.83% annualized return.
EUNR.DE
- 1D
- 0.05%
- 1M
- 0.75%
- YTD
- 1.25%
- 6M
- 1.43%
- 1Y
- 2.33%
- 3Y*
- 4.19%
- 5Y*
- -0.11%
- 10Y*
- 0.82%
IUSQ.DE
- 1D
- -0.36%
- 1M
- 1.02%
- YTD
- 12.95%
- 6M
- 13.38%
- 1Y
- 27.30%
- 3Y*
- 18.41%
- 5Y*
- 11.86%
- 10Y*
- 12.83%
EUNR.DE vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 1.25% | 2.63% | 3.48% | 7.31% | -13.61% | -1.23% | 2.84% | 6.34% | -1.21% | 1.58% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.95% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
Correlation
The correlation between EUNR.DE and IUSQ.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011 | 0.15 |
Over the past year, EUNR.DE and IUSQ.DE have become more correlated (0.44) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
EUNR.DE vs. IUSQ.DE — Risk / Return Rank
EUNR.DE
IUSQ.DE
EUNR.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.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.
| EUNR.DE | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.43 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 4.19 | -3.32 |
| Martin ratioReturn relative to average drawdown | 2.87 | 17.20 | -14.33 |
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Drawdowns
EUNR.DE vs. IUSQ.DE - Drawdown Comparison
The maximum EUNR.DE drawdown since its inception was -17.49%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for EUNR.DE and IUSQ.DE.
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Drawdown Indicators
| EUNR.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.49% | -33.60% | +16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -6.48% | +3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -21.25% | +18.60% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -21.25% | +3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -17.49% | -33.60% | +16.11% |
Current DrawdownCurrent decline from peak | -2.20% | -1.09% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -4.17% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.58% | -0.77% |
Volatility
EUNR.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) is 0.70%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.44%. This indicates that EUNR.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNR.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 3.44% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 8.52% | -5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 11.71% | -8.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 13.98% | -9.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 15.01% | -10.47% |
EUNR.DE vs. IUSQ.DE - Expense Ratio Comparison
Both EUNR.DE and IUSQ.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUNR.DE vs. IUSQ.DE - Dividend Comparison
EUNR.DE's dividend yield for the trailing twelve months is around 2.80%, while IUSQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 2.80% | 2.65% | 2.25% | 1.50% | 0.90% | 0.81% | 0.88% | 1.25% | 1.35% | 1.42% | 1.84% | 1.03% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNR.DE and IUSQ.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNR.DE and IUSQ.DE have the same expense ratio: 0.20% per year.
EUNR.DE is categorized as European Corporate Bonds, while IUSQ.DE is Global Equities. EUNR.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while IUSQ.DE tracks MSCI ACWI Index.
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