IS3Q.DE vs. EUNL.DE
IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IS3Q.DE tracks the MSCI World Sector Neutral Quality while EUNL.DE tracks the MSCI World Index. Both are passively managed. Over the past 10 years, IS3Q.DE returned 12.05%/yr vs 12.82%/yr for EUNL.DE. With a 0.97 correlation, they move nearly in lockstep. IS3Q.DE charges 0.30%/yr vs 0.20%/yr for EUNL.DE.
Performance
IS3Q.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3Q.DE achieves a 9.47% return, which is significantly lower than EUNL.DE's 10.86% return. Over the past 10 years, IS3Q.DE has underperformed EUNL.DE with an annualized return of 12.05%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
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%
IS3Q.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | 2.80% | 23.78% | 21.70% | -14.84% | 34.28% | 4.44% | 33.90% | -3.45% | 8.34% |
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 IS3Q.DE and EUNL.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.97 |
The correlation between IS3Q.DE and EUNL.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
IS3Q.DE vs. EUNL.DE — Risk / Return Rank
IS3Q.DE
EUNL.DE
IS3Q.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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.
| IS3Q.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 3.64 | -0.68 |
| Martin ratioReturn relative to average drawdown | 11.80 | 14.52 | -2.72 |
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
| IS3Q.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.12 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.90 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.84 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.82 | -0.05 |
Drawdowns
IS3Q.DE vs. EUNL.DE - Drawdown Comparison
The maximum IS3Q.DE drawdown since its inception was -32.31%, roughly equal to the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IS3Q.DE and EUNL.DE.
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Drawdown Indicators
| IS3Q.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -33.63% | +1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -6.50% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -21.73% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -21.73% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -32.31% | -33.63% | +1.32% |
Current DrawdownCurrent decline from peak | -0.12% | -0.31% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -4.25% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.64% | -0.04% |
Volatility
IS3Q.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) is 2.37%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that IS3Q.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
| IS3Q.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 2.62% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 7.72% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 11.16% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 14.17% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 15.17% | -0.28% |
IS3Q.DE vs. EUNL.DE - Expense Ratio Comparison
IS3Q.DE has a 0.30% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
IS3Q.DE vs. EUNL.DE - Dividend Comparison
Neither IS3Q.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, IS3Q.DE and EUNL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.30% for IS3Q.DE.
IS3Q.DE tracks MSCI World Sector Neutral Quality, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.30% for IS3Q.DE and 0.20% for EUNL.DE.
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