SGAJ.DE vs. EUNL.DE
SGAJ.DE (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SGAJ.DE is a Japan Equities fund tracking the MSCI Japan ESG Screened, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, SGAJ.DE returned 9.71%/yr vs 12.89%/yr for EUNL.DE. A 0.70 correlation means they provide meaningful diversification when combined. SGAJ.DE charges 0.15%/yr vs 0.20%/yr for EUNL.DE.
Performance
SGAJ.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SGAJ.DE achieves a 17.45% return, which is significantly higher than EUNL.DE's 10.86% return.
SGAJ.DE
- 1D
- -0.33%
- 1M
- 4.03%
- YTD
- 17.45%
- 6M
- 17.53%
- 1Y
- 31.96%
- 3Y*
- 15.05%
- 5Y*
- 9.71%
- 10Y*
- —
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%
SGAJ.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SGAJ.DE iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) | 17.45% | 11.73% | 13.07% | 16.02% | -12.85% | 9.72% | 5.86% | 23.60% | -6.85% |
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% | -6.65% |
Correlation
The correlation between SGAJ.DE and EUNL.DE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.70 |
The correlation between SGAJ.DE and EUNL.DE has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
SGAJ.DE vs. EUNL.DE — Risk / Return Rank
SGAJ.DE
EUNL.DE
SGAJ.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.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.
| SGAJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 3.64 | -0.68 |
| Martin ratioReturn relative to average drawdown | 9.77 | 14.52 | -4.75 |
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
| SGAJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 2.12 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.90 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.82 | -0.27 |
Drawdowns
SGAJ.DE vs. EUNL.DE - Drawdown Comparison
The maximum SGAJ.DE drawdown since its inception was -28.20%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for SGAJ.DE and EUNL.DE.
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Drawdown Indicators
| SGAJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.20% | -33.63% | +5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -6.50% | -3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.14% | -21.73% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -21.73% | +2.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.31% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -4.25% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 1.64% | +1.51% |
Volatility
SGAJ.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.DE) has a higher volatility of 3.44% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that SGAJ.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
| SGAJ.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 2.62% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 7.72% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 11.16% | +7.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 14.17% | +2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 15.17% | +2.24% |
SGAJ.DE vs. EUNL.DE - Expense Ratio Comparison
SGAJ.DE has a 0.15% 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
SGAJ.DE vs. EUNL.DE - Dividend Comparison
Neither SGAJ.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
SGAJ.DE and EUNL.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGAJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGAJ.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EUNL.DE.
SGAJ.DE is categorized as Japan Equities, while EUNL.DE is Global Equities. SGAJ.DE tracks MSCI Japan ESG Screened, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.15% for SGAJ.DE and 0.20% for EUNL.DE.
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