IUSD.DE vs. EUNL.DE
IUSD.DE (iShares MSCI World Islamic UCITS ETF USD (Dist)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IUSD.DE tracks the MSCI World Islamic Index while EUNL.DE tracks the MSCI World Index. Both are passively managed. Over the past 10 years, IUSD.DE returned 11.00%/yr vs 12.82%/yr for EUNL.DE. A 0.66 correlation means they provide meaningful diversification when combined. IUSD.DE charges 0.60%/yr vs 0.20%/yr for EUNL.DE.
Performance
IUSD.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSD.DE achieves a 20.34% return, which is significantly higher than EUNL.DE's 10.86% return. Over the past 10 years, IUSD.DE has underperformed EUNL.DE with an annualized return of 11.00%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
IUSD.DE
- 1D
- -0.49%
- 1M
- 7.71%
- YTD
- 20.34%
- 6M
- 20.25%
- 1Y
- 34.31%
- 3Y*
- 15.20%
- 5Y*
- 19.36%
- 10Y*
- 11.00%
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%
IUSD.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSD.DE iShares MSCI World Islamic UCITS ETF USD (Dist) | 20.34% | 6.31% | 11.81% | 63.24% | 2.81% | 1.82% | 1.56% | 1.97% | -2.89% | 4.32% |
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 IUSD.DE and EUNL.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.66 |
Over the past year, IUSD.DE and EUNL.DE have become more correlated (0.88) than their long-term average of 0.66, meaning their price movements have been converging.
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Return for Risk
IUSD.DE vs. EUNL.DE — Risk / Return Rank
IUSD.DE
EUNL.DE
IUSD.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS ETF USD (Dist) (IUSD.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.
| IUSD.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.40 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 7.08 | 3.64 | +3.44 |
| Martin ratioReturn relative to average drawdown | 22.57 | 14.52 | +8.05 |
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
| IUSD.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.12 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.90 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.84 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.82 | -0.19 |
Drawdowns
IUSD.DE vs. EUNL.DE - Drawdown Comparison
The maximum IUSD.DE drawdown since its inception was -23.82%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IUSD.DE and EUNL.DE.
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Drawdown Indicators
| IUSD.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.82% | -33.63% | +9.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.81% | -6.50% | +1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -22.97% | -21.73% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -22.97% | -21.73% | -1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -22.97% | -33.63% | +10.66% |
Current DrawdownCurrent decline from peak | -0.49% | -0.31% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -4.25% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.64% | -0.13% |
Volatility
IUSD.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI World Islamic UCITS ETF USD (Dist) (IUSD.DE) has a higher volatility of 3.98% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that IUSD.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
| IUSD.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 2.62% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 7.72% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 11.16% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.09% | 14.17% | +8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 15.17% | +1.76% |
IUSD.DE vs. EUNL.DE - Expense Ratio Comparison
IUSD.DE has a 0.60% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
IUSD.DE vs. EUNL.DE - Dividend Comparison
IUSD.DE's dividend yield for the trailing twelve months is around 0.81%, 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% |
IUSD.DE iShares MSCI World Islamic UCITS ETF USD (Dist) | 0.81% | 1.00% | 1.26% | 1.47% | 2.75% | 1.80% | 1.55% | 1.94% | 1.57% | 1.45% | 1.45% | 1.60% |
Frequently Asked Questions
IUSD.DE and EUNL.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.60% for IUSD.DE.
IUSD.DE tracks MSCI World Islamic Index, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.60% for IUSD.DE and 0.20% for EUNL.DE.
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