IUSE.L vs. EUN5.DE
IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) and EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) are both exchange-traded funds - IUSE.L is a S&P 500 fund tracking the S&P 500 EUR Hedged Index, while EUN5.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond. Both are passively managed. Over the past 10 years, IUSE.L returned 12.04%/yr vs 0.64%/yr for EUN5.DE. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IUSE.L vs. EUN5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSE.L achieves a 7.54% return, which is significantly higher than EUN5.DE's -1.23% return. Over the past 10 years, IUSE.L has outperformed EUN5.DE with an annualized return of 12.04%, while EUN5.DE has yielded a comparatively lower 0.64% annualized return.
IUSE.L
- 1D
- -1.30%
- 1M
- -0.21%
- 6M
- 6.68%
- YTD
- 7.54%
- 1Y
- 17.02%
- 3Y*
- 16.87%
- 5Y*
- 10.14%
- 10Y*
- 12.04%
EUN5.DE
- 1D
- 0.03%
- 1M
- -0.44%
- 6M
- 0.09%
- YTD
- -1.23%
- 1Y
- -0.34%
- 3Y*
- 3.68%
- 5Y*
- -0.44%
- 10Y*
- 0.64%
IUSE.L vs. EUN5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 7.54% | 14.95% | 23.21% | 23.05% | -21.17% | 27.85% | 14.81% | 26.33% | -8.40% | 19.04% |
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | -1.23% | 3.02% | 4.38% | 7.49% | -13.40% | -1.05% | 2.57% | 6.30% | -1.46% | 2.15% |
Correlation
The correlation between IUSE.L and EUN5.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010 | 0.12 |
Over the past year, IUSE.L and EUN5.DE have become more correlated (0.43) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
IUSE.L vs. EUN5.DE — Risk / Return Rank
IUSE.L
EUN5.DE
IUSE.L vs. EUN5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) and iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.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.
| IUSE.L | EUN5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.98 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.10 | +2.08 |
| Martin ratioReturn relative to average drawdown | 7.93 | -0.27 | +8.20 |
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Drawdowns
IUSE.L vs. EUN5.DE - Drawdown Comparison
The maximum IUSE.L drawdown since its inception was -34.75%, which is greater than EUN5.DE's maximum drawdown of -17.30%. Use the drawdown chart below to compare losses from any high point for IUSE.L and EUN5.DE.
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Drawdown Indicators
| IUSE.L | EUN5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.75% | -17.30% | -17.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -3.64% | -5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -18.33% | -3.64% | -14.69% |
Max Drawdown (5Y)Largest decline over 5 years | -26.23% | -17.30% | -8.93% |
Max Drawdown (10Y)Largest decline over 10 years | -34.75% | -17.30% | -17.45% |
Current DrawdownCurrent decline from peak | -1.97% | -2.81% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -3.17% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.40% | +0.76% |
Volatility
IUSE.L vs. EUN5.DE - Volatility Comparison
iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) has a higher volatility of 3.05% compared to iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) at 0.77%. This indicates that IUSE.L's price experiences larger fluctuations and is considered to be riskier than EUN5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSE.L | EUN5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 0.77% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 2.88% | +6.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 3.71% | +8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 4.56% | +11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 4.58% | +11.71% |
IUSE.L vs. EUN5.DE - Expense Ratio Comparison
Both IUSE.L and EUN5.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
IUSE.L vs. EUN5.DE - Dividend Comparison
IUSE.L has not paid dividends to shareholders, while EUN5.DE's dividend yield for the trailing twelve months is around 1.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 1.65% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF 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% |
Frequently Asked Questions
IUSE.L and EUN5.DE have a correlation of 0.43, 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.
IUSE.L and EUN5.DE have the same expense ratio: 0.20% per year.
IUSE.L is categorized as S&P 500, while EUN5.DE is European Corporate Bonds. IUSE.L tracks S&P 500 EUR Hedged Index, while EUN5.DE tracks Bloomberg Euro Corporate Bond.
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