IUSS.DE vs. EUNL.DE
IUSS.DE (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IUSS.DE is a Emerging Markets Equities fund tracking the MSCI Saudi Arabia 20/35 Index, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, IUSS.DE returned 2.54%/yr vs 12.27%/yr for EUNL.DE. At a 0.38 correlation, their price movements are largely independent. IUSS.DE charges 0.60%/yr vs 0.20%/yr for EUNL.DE.
Performance
IUSS.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSS.DE achieves a 8.25% return, which is significantly lower than EUNL.DE's 12.51% return.
IUSS.DE
- 1D
- 0.18%
- 1M
- 0.00%
- 6M
- 6.99%
- YTD
- 8.25%
- 1Y
- 3.96%
- 3Y*
- -1.24%
- 5Y*
- 2.54%
- 10Y*
- —
EUNL.DE
- 1D
- 0.37%
- 1M
- 1.51%
- 6M
- 12.63%
- YTD
- 12.51%
- 1Y
- 24.23%
- 3Y*
- 17.52%
- 5Y*
- 12.27%
- 10Y*
- 13.01%
IUSS.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUSS.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) | 8.25% | -16.14% | 5.57% | 5.70% | 0.37% | 47.28% | -7.77% | -20.20% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 12.51% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 12.63% |
Correlation
The correlation between IUSS.DE and EUNL.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2019 | 0.38 |
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Return for Risk
IUSS.DE vs. EUNL.DE — Risk / Return Rank
IUSS.DE
EUNL.DE
IUSS.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) (IUSS.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.
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.
| IUSS.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.39 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 3.88 | -3.55 |
| Martin ratioReturn relative to average drawdown | 0.86 | 15.65 | -14.79 |
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Drawdowns
IUSS.DE vs. EUNL.DE - Drawdown Comparison
The maximum IUSS.DE drawdown since its inception was -46.04%, 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 IUSS.DE and EUNL.DE.
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Drawdown Indicators
| IUSS.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -33.63% | -12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -6.22% | -5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -21.60% | -21.73% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -31.28% | -21.73% | -9.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -24.42% | -0.10% | -24.32% |
Average DrawdownAverage peak-to-trough decline | -19.69% | -4.21% | -15.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 1.54% | +3.04% |
Volatility
IUSS.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) (IUSS.DE) has a higher volatility of 3.54% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 3.21%. This indicates that IUSS.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
| IUSS.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 3.21% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 7.97% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 11.33% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 14.19% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 15.11% | +4.54% |
IUSS.DE vs. EUNL.DE - Expense Ratio Comparison
IUSS.DE has a 0.60% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
IUSS.DE vs. EUNL.DE - Dividend Comparison
Neither IUSS.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
IUSS.DE and EUNL.DE have a correlation of 0.32, 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 IUSS.DE.
IUSS.DE is categorized as Emerging Markets Equities, while EUNL.DE is Global Equities. IUSS.DE tracks MSCI Saudi Arabia 20/35 Index, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.60% for IUSS.DE and 0.20% for EUNL.DE.
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