IUSM.DE vs. EUNL.DE
IUSM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IUSM.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 Year, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IUSM.DE returned 0.29%/yr vs 12.82%/yr for EUNL.DE. At a 0.02 correlation, their price movements are largely independent. IUSM.DE charges 0.07%/yr vs 0.20%/yr for EUNL.DE.
Performance
IUSM.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSM.DE achieves a 0.22% return, which is significantly lower than EUNL.DE's 10.86% return. Over the past 10 years, IUSM.DE has underperformed EUNL.DE with an annualized return of 0.29%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
IUSM.DE
- 1D
- 0.13%
- 1M
- 0.34%
- YTD
- 0.22%
- 6M
- -0.62%
- 1Y
- 1.33%
- 3Y*
- -0.48%
- 5Y*
- -0.31%
- 10Y*
- 0.29%
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%
IUSM.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 0.22% | -4.06% | 5.00% | -0.24% | -9.67% | 4.92% | -0.18% | 11.27% | 4.84% | -10.05% |
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 IUSM.DE and EUNL.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.02 |
The correlation between IUSM.DE and EUNL.DE shifts across timeframes, from 0.01 (5 years) to 0.17 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IUSM.DE vs. EUNL.DE — Risk / Return Rank
IUSM.DE
EUNL.DE
IUSM.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.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.
| IUSM.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.40 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 3.64 | -3.35 |
| Martin ratioReturn relative to average drawdown | 0.74 | 14.52 | -13.78 |
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
| IUSM.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 2.12 | -1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.90 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.84 | -0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.82 | -0.55 |
Drawdowns
IUSM.DE vs. EUNL.DE - Drawdown Comparison
The maximum IUSM.DE drawdown since its inception was -21.40%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IUSM.DE and EUNL.DE.
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Drawdown Indicators
| IUSM.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.40% | -33.63% | +12.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -6.50% | +2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -10.86% | -21.73% | +10.87% |
Max Drawdown (5Y)Largest decline over 5 years | -15.69% | -21.73% | +6.04% |
Max Drawdown (10Y)Largest decline over 10 years | -21.40% | -33.63% | +12.23% |
Current DrawdownCurrent decline from peak | -17.38% | -0.31% | -17.07% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -4.25% | -6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.64% | +0.15% |
Volatility
IUSM.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) is 1.14%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that IUSM.DE experiences smaller price fluctuations and is considered to be less risky 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
| IUSM.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 2.62% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.00% | 7.72% | -3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 11.16% | -5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.96% | 14.17% | -5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 15.17% | -6.84% |
IUSM.DE vs. EUNL.DE - Expense Ratio Comparison
IUSM.DE has a 0.07% 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
IUSM.DE vs. EUNL.DE - Dividend Comparison
IUSM.DE's dividend yield for the trailing twelve months is around 3.72%, 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% |
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 3.72% | 3.73% | 3.65% | 2.91% | 1.93% | 0.96% | 1.53% | 2.24% | 2.07% | 1.83% | 1.66% | 1.84% |
Frequently Asked Questions
IUSM.DE and EUNL.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSM.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for EUNL.DE.
IUSM.DE is categorized as Government Bonds, while EUNL.DE is Global Equities. IUSM.DE tracks ICE US Treasury 7-10 Year, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.07% for IUSM.DE and 0.20% for EUNL.DE.
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