IBCG.DE vs. EUNN.DE
IBCG.DE (iShares MSCI Japan EUR Hedged UCITS ETF (Acc)) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both Japan Equities funds from iShares - IBCG.DE tracks the MSCI Japan Index (EUR Hedged) while EUNN.DE tracks the MSCI Japan IMI. Both are passively managed. Over the past 10 years, IBCG.DE returned 14.99%/yr vs 9.36%/yr for EUNN.DE. Their correlation of 0.82 suggests significant overlap in exposure. IBCG.DE charges 0.64%/yr vs 0.12%/yr for EUNN.DE.
Performance
IBCG.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBCG.DE having a 21.27% return and EUNN.DE slightly lower at 20.50%. Over the past 10 years, IBCG.DE has outperformed EUNN.DE with an annualized return of 14.99%, while EUNN.DE has yielded a comparatively lower 9.36% annualized return.
IBCG.DE
- 1D
- 1.23%
- 1M
- 1.98%
- 6M
- 20.86%
- YTD
- 21.27%
- 1Y
- 48.23%
- 3Y*
- 25.91%
- 5Y*
- 19.57%
- 10Y*
- 14.99%
EUNN.DE
- 1D
- 0.83%
- 1M
- 3.12%
- 6M
- 20.63%
- YTD
- 20.50%
- 1Y
- 36.00%
- 3Y*
- 17.30%
- 5Y*
- 10.41%
- 10Y*
- 9.36%
IBCG.DE vs. EUNN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCG.DE iShares MSCI Japan EUR Hedged UCITS ETF (Acc) | 21.27% | 26.94% | 22.76% | 32.85% | -5.89% | 12.06% | 7.58% | 16.67% | -16.91% | 18.65% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 20.50% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
Correlation
The correlation between IBCG.DE and EUNN.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2011 | 0.82 |
The correlation between IBCG.DE and EUNN.DE shifts across timeframes, from 0.81 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBCG.DE vs. EUNN.DE — Risk / Return Rank
IBCG.DE
EUNN.DE
IBCG.DE vs. EUNN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) and iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| IBCG.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 3.74 | +1.09 |
| Martin ratioReturn relative to average drawdown | 16.49 | 12.62 | +3.86 |
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Drawdowns
IBCG.DE vs. EUNN.DE - Drawdown Comparison
The maximum IBCG.DE drawdown since its inception was -34.79%, which is greater than EUNN.DE's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for IBCG.DE and EUNN.DE.
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Drawdown Indicators
| IBCG.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.79% | -28.56% | -6.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -9.58% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -21.63% | -15.81% | -5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -19.41% | -2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -34.79% | -28.56% | -6.23% |
Current DrawdownCurrent decline from peak | -2.74% | -1.84% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -6.84% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.84% | +0.08% |
Volatility
IBCG.DE vs. EUNN.DE - Volatility Comparison
iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) has a higher volatility of 6.70% compared to iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) at 5.84%. This indicates that IBCG.DE's price experiences larger fluctuations and is considered to be riskier than EUNN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCG.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 5.84% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 15.27% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 18.55% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 16.20% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 16.10% | +2.35% |
IBCG.DE vs. EUNN.DE - Expense Ratio Comparison
IBCG.DE has a 0.64% expense ratio, which is higher than EUNN.DE's 0.12% expense ratio.
Dividends
IBCG.DE vs. EUNN.DE - Dividend Comparison
Neither IBCG.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, IBCG.DE and EUNN.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.64% for IBCG.DE.
IBCG.DE tracks MSCI Japan Index (EUR Hedged), while EUNN.DE tracks MSCI Japan IMI. Their fees differ too: 0.64% for IBCG.DE and 0.12% for EUNN.DE.
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