IBC6.DE vs. EUNL.DE
IBC6.DE (iShares MSCI Australia UCITS ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IBC6.DE is a Asia Pacific Equities fund tracking the MSCI Australia, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IBC6.DE returned 8.07%/yr vs 12.82%/yr for EUNL.DE. A 0.73 correlation means they provide meaningful diversification when combined. IBC6.DE charges 0.50%/yr vs 0.20%/yr for EUNL.DE.
Performance
IBC6.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with IBC6.DE at 10.86% and EUNL.DE at 10.86%. Over the past 10 years, IBC6.DE has underperformed EUNL.DE with an annualized return of 8.07%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
IBC6.DE
- 1D
- -0.63%
- 1M
- 0.32%
- YTD
- 10.86%
- 6M
- 12.67%
- 1Y
- 12.09%
- 3Y*
- 9.64%
- 5Y*
- 6.48%
- 10Y*
- 8.07%
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%
IBC6.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC6.DE iShares MSCI Australia UCITS ETF | 10.86% | 1.01% | 8.47% | 10.05% | -0.95% | 18.21% | -1.41% | 25.74% | -7.69% | 5.50% |
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 IBC6.DE and EUNL.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014 | 0.73 |
The correlation between IBC6.DE and EUNL.DE shifts across timeframes, from 0.62 (1 year) to 0.73 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBC6.DE vs. EUNL.DE — Risk / Return Rank
IBC6.DE
EUNL.DE
IBC6.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (IBC6.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.
| IBC6.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.40 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.64 | -2.04 |
| Martin ratioReturn relative to average drawdown | 4.12 | 14.52 | -10.39 |
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
| IBC6.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 2.12 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.90 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.84 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.82 | -0.50 |
Drawdowns
IBC6.DE vs. EUNL.DE - Drawdown Comparison
The maximum IBC6.DE drawdown since its inception was -43.64%, 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 IBC6.DE and EUNL.DE.
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Drawdown Indicators
| IBC6.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.64% | -33.63% | -10.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -6.50% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -23.12% | -21.73% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -23.12% | -21.73% | -1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -43.64% | -33.63% | -10.01% |
Current DrawdownCurrent decline from peak | -2.69% | -0.31% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -4.25% | -3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 1.64% | +1.28% |
Volatility
IBC6.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI Australia UCITS ETF (IBC6.DE) has a higher volatility of 3.71% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that IBC6.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
| IBC6.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 2.62% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 7.72% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 11.16% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 14.17% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.31% | 15.17% | +4.14% |
IBC6.DE vs. EUNL.DE - Expense Ratio Comparison
IBC6.DE has a 0.50% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
IBC6.DE vs. EUNL.DE - Dividend Comparison
Neither IBC6.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC6.DE and EUNL.DE have a correlation of 0.62, 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 0.50% for IBC6.DE.
IBC6.DE is categorized as Asia Pacific Equities, while EUNL.DE is Global Equities. IBC6.DE tracks MSCI Australia, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.50% for IBC6.DE and 0.20% for EUNL.DE.
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