IS0L.DE vs. EUNL.DE
IS0L.DE (iShares Germany Government Bond UCITS ETF (Dist)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IS0L.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury Germany, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IS0L.DE returned -1.31%/yr vs 12.82%/yr for EUNL.DE. At a correlation of -0.12, they often move in opposite directions. Both charge a 0.20% expense ratio.
Performance
IS0L.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0L.DE achieves a -0.09% return, which is significantly lower than EUNL.DE's 10.86% return. Over the past 10 years, IS0L.DE has underperformed EUNL.DE with an annualized return of -1.31%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
IS0L.DE
- 1D
- 0.09%
- 1M
- -0.08%
- YTD
- -0.09%
- 6M
- -0.26%
- 1Y
- -1.03%
- 3Y*
- 0.83%
- 5Y*
- -3.06%
- 10Y*
- -1.31%
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%
IS0L.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | -0.09% | -1.50% | 0.13% | 5.16% | -17.86% | -2.55% | 2.69% | 2.82% | 2.31% | -1.63% |
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 IS0L.DE and EUNL.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | -0.12 |
The correlation between IS0L.DE and EUNL.DE shifts across timeframes, from -0.12 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS0L.DE vs. EUNL.DE — Risk / Return Rank
IS0L.DE
EUNL.DE
IS0L.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Germany Government Bond UCITS ETF (Dist) (IS0L.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.
| IS0L.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -3.50 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.40 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 3.64 | -4.12 |
| Martin ratioReturn relative to average drawdown | -1.02 | 14.52 | -15.54 |
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
| IS0L.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 2.12 | -2.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | 0.90 | -1.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 0.84 | -1.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.82 | -0.85 |
Drawdowns
IS0L.DE vs. EUNL.DE - Drawdown Comparison
The maximum IS0L.DE drawdown since its inception was -23.96%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IS0L.DE and EUNL.DE.
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Drawdown Indicators
| IS0L.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.96% | -33.63% | +9.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -6.50% | +3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -21.73% | +16.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.24% | -21.73% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -23.96% | -33.63% | +9.67% |
Current DrawdownCurrent decline from peak | -19.49% | -0.31% | -19.18% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -4.25% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.64% | -0.25% |
Volatility
IS0L.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares Germany Government Bond UCITS ETF (Dist) (IS0L.DE) is 1.37%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that IS0L.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
| IS0L.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 2.62% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 7.72% | -4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 11.16% | -7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 14.17% | -8.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 15.17% | -9.90% |
IS0L.DE vs. EUNL.DE - Expense Ratio Comparison
Both IS0L.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
IS0L.DE vs. EUNL.DE - Dividend Comparison
IS0L.DE's dividend yield for the trailing twelve months is around 2.19%, 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% |
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | 2.19% | 2.19% | 2.13% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.35% |
Frequently Asked Questions
IS0L.DE and EUNL.DE have a correlation of 0.23, 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.
IS0L.DE and EUNL.DE have the same expense ratio: 0.20% per year.
IS0L.DE is categorized as European Government Bonds, while EUNL.DE is Global Equities. IS0L.DE tracks Bloomberg Euro Treasury Germany, while EUNL.DE tracks MSCI World Index.
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