IU5C.DE vs. EUNL.DE
IU5C.DE (iShares S&P 500 Communication Sector UCITS ETF USD (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IU5C.DE is a Communications Equities fund tracking the S&P 500 Capped 35/20 Communication Services, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, IU5C.DE returned 12.43%/yr vs 12.89%/yr for EUNL.DE. A 0.76 correlation means they provide meaningful diversification when combined. IU5C.DE charges 0.15%/yr vs 0.20%/yr for EUNL.DE.
Performance
IU5C.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IU5C.DE achieves a 3.08% return, which is significantly lower than EUNL.DE's 10.86% return.
IU5C.DE
- 1D
- 1.39%
- 1M
- -2.99%
- YTD
- 3.08%
- 6M
- 0.70%
- 1Y
- 17.66%
- 3Y*
- 23.65%
- 5Y*
- 12.43%
- 10Y*
- —
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%
IU5C.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IU5C.DE iShares S&P 500 Communication Sector UCITS ETF USD (Acc) | 3.08% | 12.25% | 46.75% | 50.73% | -37.12% | 31.78% | 11.48% | 35.88% | -11.68% |
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% | -12.48% |
Correlation
The correlation between IU5C.DE and EUNL.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018 | 0.76 |
Over the past year, the correlation between IU5C.DE and EUNL.DE has dropped to 0.54 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
IU5C.DE vs. EUNL.DE — Risk / Return Rank
IU5C.DE
EUNL.DE
IU5C.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Communication Sector UCITS ETF USD (Acc) (IU5C.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.
| IU5C.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 3.64 | -1.33 |
| Martin ratioReturn relative to average drawdown | 7.89 | 14.52 | -6.63 |
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
| IU5C.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 2.12 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.90 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.82 | -0.09 |
Drawdowns
IU5C.DE vs. EUNL.DE - Drawdown Comparison
The maximum IU5C.DE drawdown since its inception was -39.23%, 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 IU5C.DE and EUNL.DE.
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Drawdown Indicators
| IU5C.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.23% | -33.63% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.06% | -6.50% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -23.61% | -21.73% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -39.23% | -21.73% | -17.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -4.21% | -0.31% | -3.90% |
Average DrawdownAverage peak-to-trough decline | -8.63% | -4.25% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.64% | +0.73% |
Volatility
IU5C.DE vs. EUNL.DE - Volatility Comparison
iShares S&P 500 Communication Sector UCITS ETF USD (Acc) (IU5C.DE) has a higher volatility of 4.12% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that IU5C.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
| IU5C.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 2.62% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 7.72% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 11.16% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.30% | 14.17% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 15.17% | +4.74% |
IU5C.DE vs. EUNL.DE - Expense Ratio Comparison
IU5C.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
IU5C.DE vs. EUNL.DE - Dividend Comparison
Neither IU5C.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
IU5C.DE and EUNL.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IU5C.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IU5C.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EUNL.DE.
IU5C.DE is categorized as Communications Equities, while EUNL.DE is Global Equities. IU5C.DE tracks S&P 500 Capped 35/20 Communication Services, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.15% for IU5C.DE and 0.20% for EUNL.DE.
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