SLMC.DE vs. EUNK.DE
SLMC.DE (iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)) and EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both Europe Equities funds from iShares - SLMC.DE tracks the MSCI Europe ESG Screened while EUNK.DE tracks the MSCI Europe. Both are passively managed. Over the past 5 years, SLMC.DE returned 9.56%/yr vs 9.96%/yr for EUNK.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.12% expense ratio.
Performance
SLMC.DE vs. EUNK.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with SLMC.DE having a 7.14% return and EUNK.DE slightly higher at 7.32%.
SLMC.DE
- 1D
- 0.66%
- 1M
- 1.35%
- YTD
- 7.14%
- 6M
- 9.76%
- 1Y
- 15.36%
- 3Y*
- 13.78%
- 5Y*
- 9.56%
- 10Y*
- —
EUNK.DE
- 1D
- 0.60%
- 1M
- 1.11%
- YTD
- 7.32%
- 6M
- 9.84%
- 1Y
- 15.90%
- 3Y*
- 13.70%
- 5Y*
- 9.96%
- 10Y*
- 9.16%
SLMC.DE vs. EUNK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SLMC.DE iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) | 7.14% | 18.79% | 8.99% | 17.54% | -11.33% | 24.92% | -1.75% | 27.93% | -4.14% |
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.32% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -4.59% |
Correlation
The correlation between SLMC.DE and EUNK.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.98 |
The correlation between SLMC.DE and EUNK.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLMC.DE vs. EUNK.DE — Risk / Return Rank
SLMC.DE
EUNK.DE
SLMC.DE vs. EUNK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SLMC.DE) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.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.
| SLMC.DE | EUNK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.69 | -0.16 |
| Martin ratioReturn relative to average drawdown | 5.72 | 6.26 | -0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SLMC.DE | EUNK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.25 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.69 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.52 | +0.12 |
Drawdowns
SLMC.DE vs. EUNK.DE - Drawdown Comparison
The maximum SLMC.DE drawdown since its inception was -34.92%, roughly equal to the maximum EUNK.DE drawdown of -35.45%. Use the drawdown chart below to compare losses from any high point for SLMC.DE and EUNK.DE.
Loading charts...
Drawdown Indicators
| SLMC.DE | EUNK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.92% | -35.45% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -9.52% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -16.58% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -19.45% | -1.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.45% | — |
Current DrawdownCurrent decline from peak | -1.46% | -1.68% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -5.31% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.57% | +0.14% |
Volatility
SLMC.DE vs. EUNK.DE - Volatility Comparison
iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SLMC.DE) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) have volatilities of 4.40% and 4.33%, 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.
Loading charts...
Volatility by Period
| SLMC.DE | EUNK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.33% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 10.59% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 12.85% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 14.20% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 15.49% | +1.03% |
SLMC.DE vs. EUNK.DE - Expense Ratio Comparison
Both SLMC.DE and EUNK.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SLMC.DE vs. EUNK.DE - Dividend Comparison
Neither SLMC.DE nor EUNK.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, SLMC.DE and EUNK.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SLMC.DE and EUNK.DE have the same expense ratio: 0.12% per year.
SLMC.DE tracks MSCI Europe ESG Screened, while EUNK.DE tracks MSCI Europe.
Find the right allocation for SLMC.DE and EUNK.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer