IQQB.DE vs. EUNL.DE
IQQB.DE (iShares MSCI Brazil UCITS ETF (Dist)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IQQB.DE is a Latin America Equities fund tracking the MSCI Brazil, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IQQB.DE returned 7.16%/yr vs 12.82%/yr for EUNL.DE. At a 0.48 correlation, their price movements are largely independent. IQQB.DE charges 0.74%/yr vs 0.20%/yr for EUNL.DE.
Performance
IQQB.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IQQB.DE having a 10.83% return and EUNL.DE slightly higher at 10.86%. Over the past 10 years, IQQB.DE has underperformed EUNL.DE with an annualized return of 7.16%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
IQQB.DE
- 1D
- -0.33%
- 1M
- -12.83%
- YTD
- 10.83%
- 6M
- 3.33%
- 1Y
- 29.11%
- 3Y*
- 7.22%
- 5Y*
- 5.89%
- 10Y*
- 7.16%
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%
IQQB.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQB.DE iShares MSCI Brazil UCITS ETF (Dist) | 10.83% | 29.90% | -24.72% | 25.50% | 22.21% | -15.61% | -22.22% | 25.55% | -1.12% | 10.31% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
Correlation
The correlation between IQQB.DE and EUNL.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.49 |
The correlation between IQQB.DE and EUNL.DE shifts across timeframes, from 0.35 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IQQB.DE vs. EUNL.DE — Risk / Return Rank
IQQB.DE
EUNL.DE
IQQB.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil UCITS ETF (Dist) (IQQB.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.
| IQQB.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.64 | -1.89 |
| Martin ratioReturn relative to average drawdown | 6.01 | 14.52 | -8.51 |
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
| IQQB.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 2.12 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.90 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.84 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.82 | -0.74 |
Drawdowns
IQQB.DE vs. EUNL.DE - Drawdown Comparison
The maximum IQQB.DE drawdown since its inception was -69.27%, which is greater than EUNL.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IQQB.DE and EUNL.DE.
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Drawdown Indicators
| IQQB.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.27% | -33.63% | -35.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -6.50% | -10.01% |
Max Drawdown (3Y)Largest decline over 3 years | -27.88% | -21.73% | -6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -21.73% | -6.30% |
Max Drawdown (10Y)Largest decline over 10 years | -52.58% | -33.63% | -18.95% |
Current DrawdownCurrent decline from peak | -16.51% | -0.31% | -16.20% |
Average DrawdownAverage peak-to-trough decline | -28.58% | -4.25% | -24.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 1.64% | +3.19% |
Volatility
IQQB.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI Brazil UCITS ETF (Dist) (IQQB.DE) has a higher volatility of 5.70% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that IQQB.DE's price experiences larger fluctuations and is considered to be riskier 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
| IQQB.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 2.62% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 17.76% | 7.72% | +10.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.70% | 11.16% | +10.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.87% | 14.17% | +11.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.51% | 15.17% | +16.34% |
IQQB.DE vs. EUNL.DE - Expense Ratio Comparison
IQQB.DE has a 0.74% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
IQQB.DE vs. EUNL.DE - Dividend Comparison
IQQB.DE's dividend yield for the trailing twelve months is around 4.36%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (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% |
IQQB.DE iShares MSCI Brazil UCITS ETF (Dist) | 4.36% | 4.47% | 6.44% | 5.50% | 13.94% | 6.23% | 1.92% | 2.46% | 2.55% | 1.49% | 1.74% | 3.53% |
Frequently Asked Questions
IQQB.DE and EUNL.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.74% for IQQB.DE.
IQQB.DE is categorized as Latin America Equities, while EUNL.DE is Global Equities. IQQB.DE tracks MSCI Brazil, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.74% for IQQB.DE and 0.20% for EUNL.DE.
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