OM3L.DE vs. EUNA.DE
OM3L.DE (iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - OM3L.DE is a Large Cap Blend Equities fund tracking the MSCI USA ESG Enhanced Focus, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, OM3L.DE returned 13.77%/yr vs -1.29%/yr for EUNA.DE. At a 0.01 correlation, their price movements are largely independent. OM3L.DE charges 0.07%/yr vs 0.10%/yr for EUNA.DE.
Performance
OM3L.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OM3L.DE achieves a 10.41% return, which is significantly higher than EUNA.DE's -0.46% return.
OM3L.DE
- 1D
- -0.11%
- 1M
- 4.57%
- YTD
- 10.41%
- 6M
- 9.75%
- 1Y
- 23.08%
- 3Y*
- 17.98%
- 5Y*
- 13.77%
- 10Y*
- —
EUNA.DE
- 1D
- 0.22%
- 1M
- -0.12%
- YTD
- -0.46%
- 6M
- -0.07%
- 1Y
- 1.32%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
OM3L.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OM3L.DE iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) | 10.41% | 2.65% | 31.09% | 23.69% | -16.09% | 40.76% | 12.80% | 15.18% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 2.72% |
Correlation
The correlation between OM3L.DE and EUNA.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.01 |
The correlation between OM3L.DE and EUNA.DE shifts across timeframes, from 0.01 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OM3L.DE vs. EUNA.DE — Risk / Return Rank
OM3L.DE
EUNA.DE
OM3L.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (OM3L.DE) and iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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.
| OM3L.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.06 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 0.43 | +2.42 |
| Martin ratioReturn relative to average drawdown | 9.78 | 1.18 | +8.60 |
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
| OM3L.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 0.34 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | -0.28 | +1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | -0.05 | +0.95 |
Drawdowns
OM3L.DE vs. EUNA.DE - Drawdown Comparison
The maximum OM3L.DE drawdown since its inception was -33.35%, which is greater than EUNA.DE's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for OM3L.DE and EUNA.DE.
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Drawdown Indicators
| OM3L.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.35% | -17.79% | -15.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -2.75% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | -4.02% | -20.19% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -17.03% | -7.18% |
Current DrawdownCurrent decline from peak | -0.41% | -8.66% | +8.25% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -6.76% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 0.99% | +1.38% |
Volatility
OM3L.DE vs. EUNA.DE - Volatility Comparison
iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (OM3L.DE) has a higher volatility of 2.71% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that OM3L.DE's price experiences larger fluctuations and is considered to be riskier than EUNA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OM3L.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 1.35% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 2.82% | +5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 3.46% | +8.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 4.64% | +10.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 4.27% | +13.13% |
OM3L.DE vs. EUNA.DE - Expense Ratio Comparison
OM3L.DE has a 0.07% expense ratio, which is lower than EUNA.DE's 0.10% 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
OM3L.DE vs. EUNA.DE - Dividend Comparison
OM3L.DE's dividend yield for the trailing twelve months is around 0.81%, while EUNA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OM3L.DE iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) | 0.81% | 0.89% | 0.99% | 2.46% | 2.99% | 2.12% | 2.86% | 2.21% |
Frequently Asked Questions
OM3L.DE and EUNA.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OM3L.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3L.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for EUNA.DE.
OM3L.DE is categorized as Large Cap Blend Equities, while EUNA.DE is Global Bonds. OM3L.DE tracks MSCI USA ESG Enhanced Focus, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.07% for OM3L.DE and 0.10% for EUNA.DE.
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