IBC9.DE vs. EUNL.DE
IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IBC9.DE is a High Yield Bonds fund tracking the iBoxx® Global Developed Markets Liquid High Yield Capped, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IBC9.DE returned 4.28%/yr vs 12.82%/yr for EUNL.DE. A 0.66 correlation means they provide meaningful diversification when combined. IBC9.DE charges 0.50%/yr vs 0.20%/yr for EUNL.DE.
Performance
IBC9.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC9.DE achieves a 1.87% return, which is significantly lower than EUNL.DE's 10.86% return. Over the past 10 years, IBC9.DE has underperformed EUNL.DE with an annualized return of 4.28%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
IBC9.DE
- 1D
- -0.13%
- 1M
- 0.64%
- YTD
- 1.87%
- 6M
- 1.54%
- 1Y
- 4.30%
- 3Y*
- 6.02%
- 5Y*
- 3.91%
- 10Y*
- 4.28%
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%
IBC9.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 1.87% | 1.08% | 9.31% | 9.25% | -6.54% | 8.54% | -2.13% | 14.97% | 0.24% | -3.66% |
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 IBC9.DE and EUNL.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2013 | 0.66 |
The correlation between IBC9.DE and EUNL.DE has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.
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Return for Risk
IBC9.DE vs. EUNL.DE — Risk / Return Rank
IBC9.DE
EUNL.DE
IBC9.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.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.
| IBC9.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.40 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.64 | -1.77 |
| Martin ratioReturn relative to average drawdown | 6.58 | 14.52 | -7.93 |
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
| IBC9.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 2.12 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.90 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.84 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.82 | -0.26 |
Drawdowns
IBC9.DE vs. EUNL.DE - Drawdown Comparison
The maximum IBC9.DE drawdown since its inception was -22.34%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IBC9.DE and EUNL.DE.
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Drawdown Indicators
| IBC9.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -33.63% | +11.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.13% | -6.50% | +4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -21.73% | +14.95% |
Max Drawdown (5Y)Largest decline over 5 years | -10.01% | -21.73% | +11.72% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | -33.63% | +11.29% |
Current DrawdownCurrent decline from peak | -0.13% | -0.31% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -4.25% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.64% | -1.03% |
Volatility
IBC9.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) is 0.84%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that IBC9.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
| IBC9.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 2.62% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 7.72% | -4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 11.16% | -7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 14.17% | -8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 15.17% | -7.32% |
IBC9.DE vs. EUNL.DE - Expense Ratio Comparison
IBC9.DE has a 0.50% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
IBC9.DE vs. EUNL.DE - Dividend Comparison
IBC9.DE's dividend yield for the trailing twelve months is around 5.56%, 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% |
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 5.56% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
Frequently Asked Questions
IBC9.DE and EUNL.DE have a correlation of 0.56, 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 IBC9.DE.
IBC9.DE is categorized as High Yield Bonds, while EUNL.DE is Global Equities. IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.50% for IBC9.DE and 0.20% for EUNL.DE.
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