EXSB.DE vs. EUNL.DE
EXSB.DE (iShares DivDAX UCITS ETF (DE)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EXSB.DE is a Europe Equities fund tracking the DivDAX®, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, EXSB.DE returned 7.59%/yr vs 12.82%/yr for EUNL.DE. A 0.68 correlation means they provide meaningful diversification when combined. EXSB.DE charges 0.31%/yr vs 0.20%/yr for EUNL.DE.
Performance
EXSB.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXSB.DE achieves a 1.54% return, which is significantly lower than EUNL.DE's 10.86% return. Over the past 10 years, EXSB.DE has underperformed EUNL.DE with an annualized return of 7.59%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
EXSB.DE
- 1D
- -0.71%
- 1M
- -0.92%
- YTD
- 1.54%
- 6M
- 3.75%
- 1Y
- 8.12%
- 3Y*
- 9.41%
- 5Y*
- 5.53%
- 10Y*
- 7.59%
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%
EXSB.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSB.DE iShares DivDAX UCITS ETF (DE) | 1.54% | 21.72% | 4.26% | 17.02% | -11.05% | 13.58% | 2.20% | 23.19% | -16.62% | 13.85% |
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 EXSB.DE and EUNL.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.68 |
Over the past year, the correlation between EXSB.DE and EUNL.DE has dropped to 0.48 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
EXSB.DE vs. EUNL.DE — Risk / Return Rank
EXSB.DE
EUNL.DE
EXSB.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares DivDAX UCITS ETF (DE) (EXSB.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.
| EXSB.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 3.64 | -2.82 |
| Martin ratioReturn relative to average drawdown | 2.26 | 14.52 | -12.25 |
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
| EXSB.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.12 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.90 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.84 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.82 | -0.48 |
Drawdowns
EXSB.DE vs. EUNL.DE - Drawdown Comparison
The maximum EXSB.DE drawdown since its inception was -60.17%, 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 EXSB.DE and EUNL.DE.
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Drawdown Indicators
| EXSB.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.17% | -33.63% | -26.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -6.50% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.89% | -21.73% | +5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -25.49% | -21.73% | -3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -41.68% | -33.63% | -8.05% |
Current DrawdownCurrent decline from peak | -5.13% | -0.31% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -12.25% | -4.25% | -8.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.64% | +1.94% |
Volatility
EXSB.DE vs. EUNL.DE - Volatility Comparison
iShares DivDAX UCITS ETF (DE) (EXSB.DE) has a higher volatility of 3.57% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that EXSB.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
| EXSB.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 2.62% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 7.72% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 11.16% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 14.17% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 15.17% | +3.48% |
EXSB.DE vs. EUNL.DE - Expense Ratio Comparison
EXSB.DE has a 0.31% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
EXSB.DE vs. EUNL.DE - Dividend Comparison
EXSB.DE's dividend yield for the trailing twelve months is around 3.06%, 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% |
EXSB.DE iShares DivDAX UCITS ETF (DE) | 3.06% | 3.11% | 3.50% | 4.55% | 3.19% | 2.17% | 2.19% | 2.36% | 2.77% | 1.65% | 2.53% | 3.23% |
Frequently Asked Questions
EXSB.DE and EUNL.DE have a correlation of 0.48, 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 0.31% for EXSB.DE.
EXSB.DE is categorized as Europe Equities, while EUNL.DE is Global Equities. EXSB.DE tracks DivDAX®, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.31% for EXSB.DE and 0.20% for EUNL.DE.
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