IESE.AS vs. EUNA.AS
IESE.AS (iShares MSCI Europe SRI UCITS ETF EUR (Acc)) and EUNA.AS (iShares STOXX Europe 50 UCITS ETF) are both Europe Equities funds from iShares tracking the MSCI Europe NR EUR. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. IESE.AS charges 0.20%/yr vs 0.35%/yr for EUNA.AS.
Performance
IESE.AS vs. EUNA.AS - Performance Comparison
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Returns By Period
IESE.AS
- 1D
- -0.98%
- 1M
- 4.02%
- YTD
- 6.26%
- 6M
- 8.13%
- 1Y
- 5.45%
- 3Y*
- 6.57%
- 5Y*
- 5.21%
- 10Y*
- 7.82%
EUNA.AS
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IESE.AS vs. EUNA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IESE.AS iShares MSCI Europe SRI UCITS ETF EUR (Acc) | 6.26% | 2.40% | 6.46% | 16.38% | -14.87% | 27.26% | 3.74% | 29.04% | -6.71% | 11.41% |
EUNA.AS iShares STOXX Europe 50 UCITS ETF | 0.00% | 12.22% | 8.08% | 15.11% | -2.25% | 26.64% | -6.34% | 26.46% | -9.51% | 9.05% |
Correlation
The correlation between IESE.AS and EUNA.AS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011 | 0.81 |
Over the past year, the correlation between IESE.AS and EUNA.AS has dropped to 0.47 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
IESE.AS vs. EUNA.AS — Risk / Return Rank
IESE.AS
EUNA.AS
IESE.AS vs. EUNA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS) and iShares STOXX Europe 50 UCITS ETF (EUNA.AS). 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.
| IESE.AS | EUNA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | — | — |
| Martin ratioReturn relative to average drawdown | 1.41 | — | — |
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
| IESE.AS | EUNA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | — | — |
Drawdowns
IESE.AS vs. EUNA.AS - Drawdown Comparison
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Drawdown Indicators
| IESE.AS | EUNA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | — | — |
Average DrawdownAverage peak-to-trough decline | -6.13% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | — | — |
Volatility
IESE.AS vs. EUNA.AS - Volatility Comparison
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Volatility by Period
| IESE.AS | EUNA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | — | — |
IESE.AS vs. EUNA.AS - Expense Ratio Comparison
IESE.AS has a 0.20% expense ratio, which is lower than EUNA.AS's 0.35% expense ratio.
Dividends
IESE.AS vs. EUNA.AS - Dividend Comparison
IESE.AS has not paid dividends to shareholders, while EUNA.AS's dividend yield for the trailing twelve months is around 1.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNA.AS iShares STOXX Europe 50 UCITS ETF | 1.21% | 2.52% | 2.68% | 2.56% | 2.62% | 2.22% | 2.42% | 2.96% | 3.51% | 3.24% | 3.29% | 3.05% |
IESE.AS iShares MSCI Europe SRI UCITS ETF EUR (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% |
Frequently Asked Questions
IESE.AS and EUNA.AS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESE.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESE.AS is cheaper with a 0.20% expense ratio, compared with 0.35% for EUNA.AS.
Both ETFs track MSCI Europe NR EUR. Their fees differ too: 0.20% for IESE.AS and 0.35% for EUNA.AS.
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