IUSC.DE vs. EUNL.DE
IUSC.DE (iShares MSCI EM Latin America UCITS ETF (Dist)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IUSC.DE is a Latin America Equities fund tracking the MSCI Emerging Markets Latin America 10/40, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IUSC.DE returned 6.94%/yr vs 12.82%/yr for EUNL.DE. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IUSC.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 IUSC.DE having a 10.69% return and EUNL.DE slightly higher at 10.86%. Over the past 10 years, IUSC.DE has underperformed EUNL.DE with an annualized return of 6.94%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
IUSC.DE
- 1D
- -0.68%
- 1M
- -7.19%
- YTD
- 10.69%
- 6M
- 8.24%
- 1Y
- 33.46%
- 3Y*
- 10.03%
- 5Y*
- 9.18%
- 10Y*
- 6.94%
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%
IUSC.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 10.69% | 36.88% | -22.89% | 28.61% | 15.20% | -3.88% | -19.69% | 18.47% | -2.77% | 6.14% |
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 IUSC.DE and EUNL.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.56 |
The correlation between IUSC.DE and EUNL.DE shifts across timeframes, from 0.42 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IUSC.DE vs. EUNL.DE — Risk / Return Rank
IUSC.DE
EUNL.DE
IUSC.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.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.
| IUSC.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.64 | -0.65 |
| Martin ratioReturn relative to average drawdown | 9.20 | 14.52 | -5.32 |
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
| IUSC.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.12 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.90 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.84 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.82 | -0.74 |
Drawdowns
IUSC.DE vs. EUNL.DE - Drawdown Comparison
The maximum IUSC.DE drawdown since its inception was -58.97%, 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 IUSC.DE and EUNL.DE.
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Drawdown Indicators
| IUSC.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.97% | -33.63% | -25.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -6.50% | -4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -25.76% | -21.73% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.76% | -21.73% | -4.03% |
Max Drawdown (10Y)Largest decline over 10 years | -49.91% | -33.63% | -16.28% |
Current DrawdownCurrent decline from peak | -11.12% | -0.31% | -10.81% |
Average DrawdownAverage peak-to-trough decline | -25.36% | -4.25% | -21.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 1.64% | +1.99% |
Volatility
IUSC.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE) has a higher volatility of 5.36% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that IUSC.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
| IUSC.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 2.62% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 7.72% | +7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 11.16% | +6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.76% | 14.17% | +6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.22% | 15.17% | +10.05% |
IUSC.DE vs. EUNL.DE - Expense Ratio Comparison
Both IUSC.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
IUSC.DE vs. EUNL.DE - Dividend Comparison
IUSC.DE's dividend yield for the trailing twelve months is around 3.02%, 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% |
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 3.02% | 3.20% | 5.24% | 3.98% | 6.78% | 2.68% | 1.65% | 2.07% | 1.88% | 1.41% | 1.22% | 2.65% |
Frequently Asked Questions
IUSC.DE and EUNL.DE have a correlation of 0.48, 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.
IUSC.DE and EUNL.DE have the same expense ratio: 0.20% per year.
IUSC.DE is categorized as Latin America Equities, while EUNL.DE is Global Equities. IUSC.DE tracks MSCI Emerging Markets Latin America 10/40, while EUNL.DE tracks MSCI World Index.
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