IUSW.DE vs. EUNL.DE
IUSW.DE (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IUSW.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, IUSW.DE returned 2.61%/yr vs 12.27%/yr for EUNL.DE. At a 0.39 correlation, their price movements are largely independent. IUSW.DE charges 0.60%/yr vs 0.20%/yr for EUNL.DE.
Performance
IUSW.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSW.DE achieves a 8.49% return, which is significantly lower than EUNL.DE's 12.51% return.
IUSW.DE
- 1D
- 0.44%
- 1M
- 0.44%
- 6M
- 7.23%
- YTD
- 8.49%
- 1Y
- 4.49%
- 3Y*
- -1.13%
- 5Y*
- 2.61%
- 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%
IUSW.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 8.49% | -15.93% | 5.30% | 5.93% | 0.43% | 46.72% | -7.49% | -22.80% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 12.51% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 10.01% |
Correlation
The correlation between IUSW.DE and EUNL.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.39 |
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Return for Risk
IUSW.DE vs. EUNL.DE — Risk / Return Rank
IUSW.DE
EUNL.DE
IUSW.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 (Dist) (IUSW.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.
| IUSW.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.39 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 3.88 | -3.50 |
| Martin ratioReturn relative to average drawdown | 0.96 | 15.65 | -14.69 |
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Drawdowns
IUSW.DE vs. EUNL.DE - Drawdown Comparison
The maximum IUSW.DE drawdown since its inception was -47.12%, 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 IUSW.DE and EUNL.DE.
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Drawdown Indicators
| IUSW.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.12% | -33.63% | -13.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -6.22% | -5.70% |
Max Drawdown (3Y)Largest decline over 3 years | -21.61% | -21.73% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -31.40% | -21.73% | -9.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -24.34% | -0.10% | -24.24% |
Average DrawdownAverage peak-to-trough decline | -20.34% | -4.21% | -16.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 1.54% | +3.11% |
Volatility
IUSW.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IUSW.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) have volatilities of 3.32% and 3.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSW.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 3.21% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 7.97% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 11.33% | +3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 14.19% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 15.11% | +4.58% |
IUSW.DE vs. EUNL.DE - Expense Ratio Comparison
IUSW.DE has a 0.60% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
IUSW.DE vs. EUNL.DE - Dividend Comparison
IUSW.DE's dividend yield for the trailing twelve months is around 3.21%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 3.21% | 3.79% | 2.60% | 2.13% | 1.81% | 1.21% | 3.52% |
Frequently Asked Questions
IUSW.DE and EUNL.DE have a correlation of 0.30, 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 IUSW.DE.
IUSW.DE is categorized as Emerging Markets Equities, while EUNL.DE is Global Equities. IUSW.DE tracks MSCI Saudi Arabia 20/35 Index, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.60% for IUSW.DE and 0.20% for EUNL.DE.
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