IUSA.DE vs. EUNN.DE
IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - IUSA.DE is a S&P 500 fund tracking the S&P 500 Index, while EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI. Both are passively managed. Over the past 10 years, IUSA.DE returned 14.31%/yr vs 8.53%/yr for EUNN.DE. A 0.61 correlation means they provide meaningful diversification when combined. IUSA.DE charges 0.07%/yr vs 0.12%/yr for EUNN.DE.
Performance
IUSA.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSA.DE achieves a 11.82% return, which is significantly lower than EUNN.DE's 15.08% return. Over the past 10 years, IUSA.DE has outperformed EUNN.DE with an annualized return of 14.31%, while EUNN.DE has yielded a comparatively lower 8.53% annualized return.
IUSA.DE
- 1D
- -1.23%
- 1M
- 0.29%
- 6M
- 9.52%
- YTD
- 11.82%
- 1Y
- 21.99%
- 3Y*
- 18.64%
- 5Y*
- 13.46%
- 10Y*
- 14.31%
EUNN.DE
- 1D
- -2.52%
- 1M
- -5.18%
- 6M
- 8.06%
- YTD
- 15.08%
- 1Y
- 32.94%
- 3Y*
- 15.60%
- 5Y*
- 9.33%
- 10Y*
- 8.53%
IUSA.DE vs. EUNN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.82% | 4.69% | 32.36% | 22.47% | -14.25% | 40.75% | 6.77% | 34.55% | -1.14% | 6.67% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 15.08% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
Correlation
The correlation between IUSA.DE and EUNN.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.61 |
The correlation between IUSA.DE and EUNN.DE has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
IUSA.DE vs. EUNN.DE — Risk / Return Rank
IUSA.DE
EUNN.DE
IUSA.DE vs. EUNN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) and iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| IUSA.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.27 | -0.16 |
| Martin ratioReturn relative to average drawdown | 11.06 | 10.78 | +0.28 |
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Drawdowns
IUSA.DE vs. EUNN.DE - Drawdown Comparison
The maximum IUSA.DE drawdown since its inception was -52.05%, which is greater than EUNN.DE's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for IUSA.DE and EUNN.DE.
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Drawdown Indicators
| IUSA.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.05% | -28.56% | -23.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -9.58% | +2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -23.36% | -15.81% | -7.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -19.41% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -28.56% | -5.11% |
Current DrawdownCurrent decline from peak | -1.33% | -6.26% | +4.93% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -6.83% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 2.91% | -0.97% |
Volatility
IUSA.DE vs. EUNN.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) is 3.00%, while iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a volatility of 6.29%. This indicates that IUSA.DE experiences smaller price fluctuations and is considered to be less risky than EUNN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSA.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 6.29% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 15.79% | -7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 19.09% | -7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 16.28% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 16.14% | -0.10% |
IUSA.DE vs. EUNN.DE - Expense Ratio Comparison
IUSA.DE has a 0.07% expense ratio, which is lower than EUNN.DE's 0.12% 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
IUSA.DE vs. EUNN.DE - Dividend Comparison
IUSA.DE's dividend yield for the trailing twelve months is around 0.86%, while EUNN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.86% | 0.94% | 0.99% | 1.25% | 1.46% | 0.99% | 1.40% | 1.48% | 1.70% | 1.51% | 1.37% | 1.52% |
Frequently Asked Questions
IUSA.DE and EUNN.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for EUNN.DE.
IUSA.DE is categorized as S&P 500, while EUNN.DE is Japan Equities. IUSA.DE tracks S&P 500 Index, while EUNN.DE tracks MSCI Japan IMI. Their fees differ too: 0.07% for IUSA.DE and 0.12% for EUNN.DE.
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