SXR1.DE vs. EUNL.DE
SXR1.DE (iShares Core MSCI Pacific ex Japan UCITS ETF (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SXR1.DE is a Asia Pacific Equities fund tracking the MSCI Pacific ex Japan, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, SXR1.DE returned 7.48%/yr vs 12.82%/yr for EUNL.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
SXR1.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXR1.DE achieves a 8.90% return, which is significantly lower than EUNL.DE's 10.86% return. Over the past 10 years, SXR1.DE has underperformed EUNL.DE with an annualized return of 7.48%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
SXR1.DE
- 1D
- -0.90%
- 1M
- -2.17%
- YTD
- 8.90%
- 6M
- 10.35%
- 1Y
- 13.62%
- 3Y*
- 10.41%
- 5Y*
- 5.82%
- 10Y*
- 7.48%
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%
SXR1.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR1.DE iShares Core MSCI Pacific ex Japan UCITS ETF (Acc) | 8.90% | 7.00% | 11.91% | 2.20% | -0.86% | 13.17% | -2.98% | 21.74% | -6.20% | 10.76% |
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% | 7.71% |
Correlation
The correlation between SXR1.DE and EUNL.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 5, 2010 | 0.75 |
The correlation between SXR1.DE and EUNL.DE has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
SXR1.DE vs. EUNL.DE — Risk / Return Rank
SXR1.DE
EUNL.DE
SXR1.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Pacific ex Japan UCITS ETF (Acc) (SXR1.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.
| SXR1.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.64 | -1.39 |
| Martin ratioReturn relative to average drawdown | 6.64 | 14.52 | -7.88 |
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
| SXR1.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.12 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.90 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.84 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.82 | -0.55 |
Drawdowns
SXR1.DE vs. EUNL.DE - Drawdown Comparison
The maximum SXR1.DE drawdown since its inception was -38.62%, 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 SXR1.DE and EUNL.DE.
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Drawdown Indicators
| SXR1.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -33.63% | -4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.21% | -6.50% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -20.28% | -21.73% | +1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -20.28% | -21.73% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -36.91% | -33.63% | -3.28% |
Current DrawdownCurrent decline from peak | -2.17% | -0.31% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -4.25% | -5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.64% | +0.47% |
Volatility
SXR1.DE vs. EUNL.DE - Volatility Comparison
iShares Core MSCI Pacific ex Japan UCITS ETF (Acc) (SXR1.DE) has a higher volatility of 3.06% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that SXR1.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
| SXR1.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.62% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 7.72% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 11.16% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.73% | 14.17% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 15.17% | +1.43% |
SXR1.DE vs. EUNL.DE - Expense Ratio Comparison
Both SXR1.DE 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
SXR1.DE vs. EUNL.DE - Dividend Comparison
Neither SXR1.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
SXR1.DE and EUNL.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SXR1.DE and EUNL.DE have the same expense ratio: 0.20% per year.
SXR1.DE is categorized as Asia Pacific Equities, while EUNL.DE is Global Equities. SXR1.DE tracks MSCI Pacific ex Japan, while EUNL.DE tracks MSCI World Index.
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