IEXA.DE vs. EUNL.DE
IEXA.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IEXA.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate ex-Financials Bond, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 3 years, IEXA.DE returned 4.16%/yr vs 17.97%/yr for EUNL.DE. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IEXA.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IEXA.DE achieves a 1.30% return, which is significantly lower than EUNL.DE's 11.02% return.
IEXA.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.30%
- 6M
- 1.48%
- 1Y
- 2.24%
- 3Y*
- 4.16%
- 5Y*
- —
- 10Y*
- —
EUNL.DE
- 1D
- -0.55%
- 1M
- 0.80%
- YTD
- 11.02%
- 6M
- 11.36%
- 1Y
- 24.80%
- 3Y*
- 17.97%
- 5Y*
- 12.27%
- 10Y*
- 13.28%
IEXA.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 1.30% | 2.47% | 3.54% | 7.38% | -5.39% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 11.02% | 7.91% | 25.93% | 20.12% | -3.97% |
Correlation
The correlation between IEXA.DE and EUNL.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.28 |
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Return for Risk
IEXA.DE vs. EUNL.DE — Risk / Return Rank
IEXA.DE
EUNL.DE
IEXA.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.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.
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.
| IEXA.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.40 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.97 | -3.10 |
| Martin ratioReturn relative to average drawdown | 2.79 | 16.03 | -13.24 |
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Drawdowns
IEXA.DE vs. EUNL.DE - Drawdown Comparison
The maximum IEXA.DE drawdown since its inception was -9.06%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IEXA.DE and EUNL.DE.
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Drawdown Indicators
| IEXA.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -33.63% | +24.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -6.22% | +3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -2.56% | -21.73% | +19.17% |
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 | 0.00% | -0.77% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -4.21% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.54% | -0.74% |
Volatility
IEXA.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) is 0.78%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 3.01%. This indicates that IEXA.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
| IEXA.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 3.01% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 7.91% | -5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 11.30% | -8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 14.19% | -9.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 15.14% | -10.37% |
IEXA.DE vs. EUNL.DE - Expense Ratio Comparison
Both IEXA.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
IEXA.DE vs. EUNL.DE - Dividend Comparison
Neither IEXA.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
IEXA.DE and EUNL.DE have a correlation of 0.36, 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.
IEXA.DE and EUNL.DE have the same expense ratio: 0.20% per year.
IEXA.DE is categorized as European Corporate Bonds, while EUNL.DE is Global Equities. IEXA.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while EUNL.DE tracks MSCI World Index.
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