SUSW.L vs. EUNL.DE
SUSW.L (iShares MSCI World SRI UCITS ETF EUR (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - SUSW.L tracks the MSCI ACWI NR USD while EUNL.DE tracks the MSCI World Index. Both are passively managed. Over the past 5 years, SUSW.L returned 10.52%/yr vs 12.89%/yr for EUNL.DE. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
SUSW.L vs. EUNL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SUSW.L having a 11.31% return and EUNL.DE slightly lower at 10.86%.
SUSW.L
- 1D
- 0.22%
- 1M
- 5.87%
- YTD
- 11.31%
- 6M
- 11.72%
- 1Y
- 18.68%
- 3Y*
- 12.95%
- 5Y*
- 10.52%
- 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%
SUSW.L vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUSW.L iShares MSCI World SRI UCITS ETF EUR (Acc) | 11.31% | 1.89% | 18.34% | 20.78% | -16.40% | 35.65% | 10.76% | 32.32% | -3.09% | 2.02% |
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% | -5.13% | 2.07% |
Correlation
The correlation between SUSW.L and EUNL.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2017 | 0.91 |
The correlation between SUSW.L and EUNL.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
SUSW.L vs. EUNL.DE — Risk / Return Rank
SUSW.L
EUNL.DE
SUSW.L vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.L) 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.
| SUSW.L | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.40 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 3.64 | -1.29 |
| Martin ratioReturn relative to average drawdown | 8.66 | 14.52 | -5.85 |
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
| SUSW.L | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.12 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.90 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.82 | -0.06 |
Drawdowns
SUSW.L vs. EUNL.DE - Drawdown Comparison
The maximum SUSW.L drawdown since its inception was -32.09%, roughly equal to the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for SUSW.L and EUNL.DE.
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Drawdown Indicators
| SUSW.L | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.09% | -33.63% | +1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -6.50% | -1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -21.13% | -21.73% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -21.13% | -21.73% | +0.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.31% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -4.25% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.64% | +0.50% |
Volatility
SUSW.L vs. EUNL.DE - Volatility Comparison
iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.L) has a higher volatility of 3.49% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that SUSW.L'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
| SUSW.L | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 2.62% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 7.72% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 11.16% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 14.17% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 15.17% | +1.06% |
SUSW.L vs. EUNL.DE - Expense Ratio Comparison
Both SUSW.L and EUNL.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SUSW.L vs. EUNL.DE - Dividend Comparison
Neither SUSW.L nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SUSW.L and EUNL.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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SUSW.L and EUNL.DE have the same expense ratio: 0.20% per year.
SUSW.L tracks MSCI ACWI NR USD, while EUNL.DE tracks MSCI World Index.
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