EUNW.DE vs. UTIL.L
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and UTIL.L (SPDR MSCI Europe Utilities UCITS ETF) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while UTIL.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD. Both are passively managed. Over the past 10 years, EUNW.DE returned 3.10%/yr vs 10.84%/yr for UTIL.L. At a 0.42 correlation, their price movements are largely independent. EUNW.DE charges 0.50%/yr vs 0.18%/yr for UTIL.L.
Performance
EUNW.DE vs. UTIL.L - Performance Comparison
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Returns By Period
In the year-to-date period, EUNW.DE achieves a 0.85% return, which is significantly lower than UTIL.L's 13.65% return. Over the past 10 years, EUNW.DE has underperformed UTIL.L with an annualized return of 3.10%, while UTIL.L has yielded a comparatively higher 10.84% annualized return.
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.49%
- YTD
- 0.85%
- 6M
- 1.46%
- 1Y
- 3.18%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
UTIL.L
- 1D
- -0.64%
- 1M
- -0.76%
- YTD
- 13.65%
- 6M
- 15.33%
- 1Y
- 27.67%
- 3Y*
- 16.62%
- 5Y*
- 11.84%
- 10Y*
- 10.84%
EUNW.DE vs. UTIL.L - 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) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 2.93% | 1.06% | 9.87% | -3.52% | 4.59% |
UTIL.L SPDR MSCI Europe Utilities UCITS ETF | 13.65% | 33.98% | 1.33% | 13.09% | -6.77% | 8.27% | 11.82% | 29.32% | 3.36% | 9.29% |
Correlation
The correlation between EUNW.DE and UTIL.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014 | 0.42 |
Over the past year, the correlation between EUNW.DE and UTIL.L has dropped to 0.17 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
EUNW.DE vs. UTIL.L — Risk / Return Rank
EUNW.DE
UTIL.L
EUNW.DE vs. UTIL.L - 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 SPDR MSCI Europe Utilities UCITS ETF (UTIL.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.
| EUNW.DE | UTIL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 3.77 | -2.65 |
| Martin ratioReturn relative to average drawdown | 4.73 | 10.51 | -5.78 |
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 | UTIL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.85 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.73 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.61 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.50 | -0.03 |
Drawdowns
EUNW.DE vs. UTIL.L - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, smaller than the maximum UTIL.L drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and UTIL.L.
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Drawdown Indicators
| EUNW.DE | UTIL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -34.59% | +9.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -7.30% | +4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -13.48% | +9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -22.12% | +7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | -34.59% | +9.12% |
Current DrawdownCurrent decline from peak | -0.10% | -4.57% | +4.47% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -6.01% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.63% | -1.96% |
Volatility
EUNW.DE vs. UTIL.L - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.79%, while SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) has a volatility of 5.68%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than UTIL.L 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 | UTIL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 5.68% | -4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 12.96% | -10.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 14.89% | -11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 16.24% | -10.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 17.67% | -11.09% |
EUNW.DE vs. UTIL.L - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than UTIL.L's 0.18% expense ratio.
Dividends
EUNW.DE vs. UTIL.L - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, while UTIL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
UTIL.L SPDR MSCI Europe Utilities 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% |
Frequently Asked Questions
EUNW.DE and UTIL.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UTIL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UTIL.L is cheaper with a 0.18% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE is categorized as European High Yield Bonds, while UTIL.L is Utilities Equities. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while UTIL.L tracks MSCI World/Utilities NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.50% for EUNW.DE and 0.18% for UTIL.L.
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