EUNW.DE vs. EFA
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and EFA (iShares MSCI EAFE ETF) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while EFA is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net). Both are passively managed. Over the past 10 years, EUNW.DE returned 3.10%/yr vs 9.00%/yr for EFA. At a 0.45 correlation, their price movements are largely independent. EUNW.DE charges 0.50%/yr vs 0.32%/yr for EFA.
Performance
EUNW.DE vs. EFA - Performance Comparison
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Different Trading Currencies
EUNW.DE is traded in EUR, while EFA is traded in USD. To make them comparable, the EFA values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNW.DE achieves a 0.77% return, which is significantly lower than EFA's 9.11% return. Over the past 10 years, EUNW.DE has underperformed EFA with an annualized return of 3.10%, while EFA has yielded a comparatively higher 9.00% annualized return.
EUNW.DE
- 1D
- 0.14%
- 1M
- 0.41%
- YTD
- 0.77%
- 6M
- 1.47%
- 1Y
- 3.10%
- 3Y*
- 6.08%
- 5Y*
- 2.62%
- 10Y*
- 3.10%
EFA
- 1D
- 0.49%
- 1M
- 1.12%
- YTD
- 9.11%
- 6M
- 10.65%
- 1Y
- 17.29%
- 3Y*
- 13.20%
- 5Y*
- 9.21%
- 10Y*
- 9.00%
EUNW.DE vs. EFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.77% | 4.99% | 5.90% | 11.26% | -9.37% | 2.92% | 1.07% | 9.86% | -3.52% | 4.59% |
EFA iShares MSCI EAFE ETF | 9.11% | 15.94% | 10.32% | 14.81% | -9.08% | 19.78% | -1.27% | 24.80% | -9.78% | 9.70% |
Correlation
The correlation between EUNW.DE and EFA is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.45 |
The correlation between EUNW.DE and EFA has been stable across timeframes, ranging from 0.45 to 0.55 - a consistent structural relationship.
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Return for Risk
EUNW.DE vs. EFA — Risk / Return Rank
EUNW.DE
EFA
EUNW.DE vs. EFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) and iShares MSCI EAFE ETF (EFA). 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.
| EUNW.DE | EFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.81 | -0.74 |
| Martin ratioReturn relative to average drawdown | 4.47 | 7.25 | -2.78 |
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
| EUNW.DE | EFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.31 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.66 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.57 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.29 | +0.35 |
Drawdowns
EUNW.DE vs. EFA - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, smaller than the maximum EFA drawdown of -55.58%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and EFA.
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Drawdown Indicators
| EUNW.DE | EFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -55.58% | +30.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -9.60% | +6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -15.70% | +11.90% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -17.18% | +2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | -33.89% | +8.42% |
Current DrawdownCurrent decline from peak | -0.17% | -1.32% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -11.02% | +8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.40% | -1.71% |
Volatility
EUNW.DE vs. EFA - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.82%, while iShares MSCI EAFE ETF (EFA) has a volatility of 3.45%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than EFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNW.DE | EFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 3.45% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 10.99% | -8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 13.32% | -9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 14.01% | -8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 16.01% | -9.43% |
EUNW.DE vs. EFA - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than EFA's 0.32% expense ratio.
Dividends
EUNW.DE vs. EFA - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.18%, more than EFA's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFA iShares MSCI EAFE ETF | 3.16% | 3.38% | 3.24% | 2.98% | 2.69% | 3.33% | 2.13% | 3.10% | 3.39% | 2.57% | 3.07% | 2.76% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.18% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
Frequently Asked Questions
EUNW.DE and EFA have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFA is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFA is cheaper with a 0.32% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE is categorized as European High Yield Bonds, while EFA is Foreign Large Cap Equities. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while EFA tracks MSCI EAFE Index (Net). Their fees differ too: 0.50% for EUNW.DE and 0.32% for EFA.
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