IPAB.DE vs. EUNL.DE
IPAB.DE (iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IPAB.DE is a European Corporate Bonds fund tracking the Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 3 years, IPAB.DE returned 4.79%/yr vs 17.97%/yr for EUNL.DE. At a 0.26 correlation, their price movements are largely independent. IPAB.DE charges 0.15%/yr vs 0.20%/yr for EUNL.DE.
Performance
IPAB.DE vs. EUNL.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IPAB.DE achieves a 1.25% return, which is significantly lower than EUNL.DE's 11.02% return.
IPAB.DE
- 1D
- 0.18%
- 1M
- 0.71%
- YTD
- 1.25%
- 6M
- 1.44%
- 1Y
- 2.36%
- 3Y*
- 4.79%
- 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%
IPAB.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IPAB.DE iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc | 1.25% | 2.95% | 4.43% | 7.23% | -3.20% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 11.02% | 7.91% | 25.93% | 20.12% | -6.02% |
Correlation
The correlation between IPAB.DE and EUNL.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.26 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IPAB.DE vs. EUNL.DE — Risk / Return Rank
IPAB.DE
EUNL.DE
IPAB.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc (IPAB.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.
| IPAB.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.40 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 3.97 | -3.09 |
| Martin ratioReturn relative to average drawdown | 3.26 | 16.03 | -12.77 |
Loading charts...
Drawdowns
IPAB.DE vs. EUNL.DE - Drawdown Comparison
The maximum IPAB.DE drawdown since its inception was -9.09%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IPAB.DE and EUNL.DE.
Loading charts...
Drawdown Indicators
| IPAB.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.09% | -33.63% | +24.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -6.22% | +3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -21.73% | +19.07% |
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 | -2.08% | -4.21% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 1.54% | -0.82% |
Volatility
IPAB.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc (IPAB.DE) is 0.76%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 3.01%. This indicates that IPAB.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.
Loading charts...
Volatility by Period
| IPAB.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 3.01% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 7.91% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 11.30% | -8.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 14.19% | -9.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 15.14% | -10.64% |
IPAB.DE vs. EUNL.DE - Expense Ratio Comparison
IPAB.DE has a 0.15% expense ratio, which is lower than EUNL.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IPAB.DE vs. EUNL.DE - Dividend Comparison
Neither IPAB.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
IPAB.DE and EUNL.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IPAB.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IPAB.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EUNL.DE.
IPAB.DE is categorized as European Corporate Bonds, while EUNL.DE is Global Equities. IPAB.DE tracks Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.15% for IPAB.DE and 0.20% for EUNL.DE.
Find the right allocation for IPAB.DE and EUNL.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer