EXH4.DE vs. EUNL.DE
EXH4.DE (iShares STOXX Europe 600 Industrial Goods & Services UCITS ETF (DE)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EXH4.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Industrial Goods & Services, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, EXH4.DE returned 12.08%/yr vs 12.82%/yr for EUNL.DE. A 0.75 correlation means they provide meaningful diversification when combined. EXH4.DE charges 0.46%/yr vs 0.20%/yr for EUNL.DE.
Performance
EXH4.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXH4.DE achieves a 8.61% return, which is significantly lower than EUNL.DE's 10.86% return. Over the past 10 years, EXH4.DE has underperformed EUNL.DE with an annualized return of 12.08%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
EXH4.DE
- 1D
- 0.57%
- 1M
- 1.72%
- YTD
- 8.61%
- 6M
- 10.71%
- 1Y
- 14.50%
- 3Y*
- 17.96%
- 5Y*
- 11.25%
- 10Y*
- 12.08%
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
EXH4.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXH4.DE iShares STOXX Europe 600 Industrial Goods & Services UCITS ETF (DE) | 8.61% | 23.72% | 14.66% | 23.26% | -18.58% | 27.14% | 5.60% | 36.93% | -13.73% | 16.86% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
Correlation
The correlation between EXH4.DE and EUNL.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.75 |
The correlation between EXH4.DE and EUNL.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
EXH4.DE vs. EUNL.DE — Risk / Return Rank
EXH4.DE
EUNL.DE
EXH4.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Industrial Goods & Services UCITS ETF (DE) (EXH4.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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.
| EXH4.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.40 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 3.64 | -2.56 |
| Martin ratioReturn relative to average drawdown | 3.91 | 14.52 | -10.61 |
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
| EXH4.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 2.12 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.90 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.84 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.82 | -0.35 |
Drawdowns
EXH4.DE vs. EUNL.DE - Drawdown Comparison
The maximum EXH4.DE drawdown since its inception was -60.02%, which is greater than EUNL.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EXH4.DE and EUNL.DE.
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Drawdown Indicators
| EXH4.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.02% | -33.63% | -26.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -6.50% | -6.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.33% | -21.73% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -31.07% | -21.73% | -9.34% |
Max Drawdown (10Y)Largest decline over 10 years | -41.94% | -33.63% | -8.31% |
Current DrawdownCurrent decline from peak | -1.40% | -0.31% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -4.25% | -5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 1.64% | +2.05% |
Volatility
EXH4.DE vs. EUNL.DE - Volatility Comparison
iShares STOXX Europe 600 Industrial Goods & Services UCITS ETF (DE) (EXH4.DE) has a higher volatility of 6.36% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that EXH4.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXH4.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 2.62% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 7.72% | +8.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.71% | 11.16% | +8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.66% | 14.17% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 15.17% | +4.76% |
EXH4.DE vs. EUNL.DE - Expense Ratio Comparison
EXH4.DE has a 0.46% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
EXH4.DE vs. EUNL.DE - Dividend Comparison
EXH4.DE's dividend yield for the trailing twelve months is around 1.18%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (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% |
EXH4.DE iShares STOXX Europe 600 Industrial Goods & Services UCITS ETF (DE) | 1.18% | 1.31% | 1.51% | 1.72% | 1.68% | 1.08% | 0.85% | 1.69% | 1.67% | 2.38% | 2.10% | 2.79% |
Frequently Asked Questions
EXH4.DE and EUNL.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.46% for EXH4.DE.
EXH4.DE is categorized as Industrials Equities, while EUNL.DE is Global Equities. EXH4.DE tracks STOXX® Europe 600 Industrial Goods & Services, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.46% for EXH4.DE and 0.20% for EUNL.DE.
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