IE1A.DE vs. EUNL.DE
IE1A.DE (iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IE1A.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate 1-5 Year Bond, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 3 years, IE1A.DE returned 4.27%/yr vs 17.55%/yr for EUNL.DE. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IE1A.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IE1A.DE achieves a 0.38% return, which is significantly lower than EUNL.DE's 10.86% return.
IE1A.DE
- 1D
- 0.03%
- 1M
- 0.23%
- YTD
- 0.38%
- 6M
- 0.44%
- 1Y
- 1.91%
- 3Y*
- 4.27%
- 5Y*
- —
- 10Y*
- —
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%
IE1A.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IE1A.DE iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc | 0.38% | 3.34% | 4.35% | 5.82% | -3.60% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -8.81% |
Correlation
The correlation between IE1A.DE and EUNL.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.29 |
The correlation between IE1A.DE and EUNL.DE shifts across timeframes, from 0.29 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IE1A.DE vs. EUNL.DE — Risk / Return Rank
IE1A.DE
EUNL.DE
IE1A.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc (IE1A.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.
| IE1A.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.40 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 3.64 | -2.67 |
| Martin ratioReturn relative to average drawdown | 3.41 | 14.52 | -11.10 |
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
| IE1A.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 2.12 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.82 | +0.06 |
Drawdowns
IE1A.DE vs. EUNL.DE - Drawdown Comparison
The maximum IE1A.DE drawdown since its inception was -5.63%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IE1A.DE and EUNL.DE.
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Drawdown Indicators
| IE1A.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.63% | -33.63% | +28.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -6.50% | +4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -21.73% | +19.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.31% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -1.20% | -4.25% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 1.64% | -1.13% |
Volatility
IE1A.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc (IE1A.DE) is 0.70%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that IE1A.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
| IE1A.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 2.62% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 7.72% | -5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 11.16% | -9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 14.17% | -11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 15.17% | -12.40% |
IE1A.DE vs. EUNL.DE - Expense Ratio Comparison
Both IE1A.DE and EUNL.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IE1A.DE vs. EUNL.DE - Dividend Comparison
Neither IE1A.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
IE1A.DE and EUNL.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IE1A.DE and EUNL.DE have the same expense ratio: 0.20% per year.
IE1A.DE is categorized as European Corporate Bonds, while EUNL.DE is Global Equities. IE1A.DE tracks Bloomberg Euro Corporate 1-5 Year Bond, while EUNL.DE tracks MSCI World Index.
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