EXVM.DE vs. EUNL.DE
EXVM.DE (iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EXVM.DE is a Government Bonds fund tracking the eb.rexx Government Germany 0-1 Index, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, EXVM.DE returned 0.29%/yr vs 13.01%/yr for EUNL.DE. At a 0.00 correlation, their price movements are largely independent. EXVM.DE charges 0.13%/yr vs 0.20%/yr for EUNL.DE.
Performance
EXVM.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXVM.DE achieves a 0.80% return, which is significantly lower than EUNL.DE's 12.51% return. Over the past 10 years, EXVM.DE has underperformed EUNL.DE with an annualized return of 0.29%, while EUNL.DE has yielded a comparatively higher 13.01% annualized return.
EXVM.DE
- 1D
- -0.01%
- 1M
- 0.21%
- 6M
- 0.92%
- YTD
- 0.80%
- 1Y
- 1.68%
- 3Y*
- 2.62%
- 5Y*
- 1.43%
- 10Y*
- 0.29%
EUNL.DE
- 1D
- 0.37%
- 1M
- 1.51%
- 6M
- 12.63%
- YTD
- 12.51%
- 1Y
- 24.23%
- 3Y*
- 17.52%
- 5Y*
- 12.27%
- 10Y*
- 13.01%
EXVM.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 0.80% | 2.06% | 3.37% | 2.36% | -1.00% | -0.83% | -0.79% | -0.80% | -0.84% | -0.97% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 12.51% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 31.35% | -5.13% | 7.71% |
Correlation
The correlation between EXVM.DE and EUNL.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.00 |
Over the past year, EXVM.DE and EUNL.DE have become more correlated (0.20) than their long-term average of 0.00, meaning their price movements have been converging.
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Return for Risk
EXVM.DE vs. EUNL.DE — Risk / Return Rank
EXVM.DE
EUNL.DE
EXVM.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.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.
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.
| EXVM.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.39 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 14.22 | 3.88 | +10.34 |
| Martin ratioReturn relative to average drawdown | 54.84 | 15.65 | +39.19 |
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Drawdowns
EXVM.DE vs. EUNL.DE - Drawdown Comparison
The maximum EXVM.DE drawdown since its inception was -6.33%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EXVM.DE and EUNL.DE.
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Drawdown Indicators
| EXVM.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.33% | -33.63% | +27.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -6.22% | +6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -0.13% | -21.73% | +21.60% |
Max Drawdown (5Y)Largest decline over 5 years | -1.65% | -21.73% | +20.08% |
Max Drawdown (10Y)Largest decline over 10 years | -5.65% | -33.63% | +27.98% |
Current DrawdownCurrent decline from peak | -0.01% | -0.10% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -4.21% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.54% | -1.51% |
Volatility
EXVM.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.DE) is 0.12%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 3.21%. This indicates that EXVM.DE experiences smaller price fluctuations and is considered to be less risky 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
| EXVM.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 3.21% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.41% | 7.97% | -7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.54% | 11.33% | -10.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.51% | 14.19% | -13.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.79% | 15.11% | -14.32% |
EXVM.DE vs. EUNL.DE - Expense Ratio Comparison
EXVM.DE has a 0.13% expense ratio, which is lower than EUNL.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EXVM.DE vs. EUNL.DE - Dividend Comparison
EXVM.DE's dividend yield for the trailing twelve months is around 1.06%, 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% |
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 1.06% | 1.14% | 0.77% | 0.80% | 0.61% | 0.78% | 0.96% | 1.10% | 1.05% | 1.15% | 1.51% | 1.63% |
Frequently Asked Questions
EXVM.DE and EUNL.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXVM.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXVM.DE is cheaper with a 0.13% expense ratio, compared with 0.20% for EUNL.DE.
EXVM.DE is categorized as Government Bonds, while EUNL.DE is Global Equities. EXVM.DE tracks eb.rexx Government Germany 0-1 Index, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.13% for EXVM.DE and 0.20% for EUNL.DE.
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