SXRG.DE vs. EUNL.DE
SXRG.DE (iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SXRG.DE is a Small Cap Blend Equities fund tracking the MSCI USA Small Cap ESG Enhanced Focus CTB, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, SXRG.DE returned 10.73%/yr vs 12.82%/yr for EUNL.DE. Their correlation of 0.82 suggests significant overlap in exposure. SXRG.DE charges 0.43%/yr vs 0.20%/yr for EUNL.DE.
Performance
SXRG.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRG.DE achieves a 16.26% return, which is significantly higher than EUNL.DE's 10.86% return. Over the past 10 years, SXRG.DE has underperformed EUNL.DE with an annualized return of 10.73%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
SXRG.DE
- 1D
- 0.84%
- 1M
- 4.42%
- YTD
- 16.26%
- 6M
- 16.37%
- 1Y
- 31.93%
- 3Y*
- 13.50%
- 5Y*
- 7.64%
- 10Y*
- 10.73%
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%
SXRG.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRG.DE iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) | 16.26% | -1.21% | 15.85% | 13.82% | -12.53% | 29.74% | 6.96% | 30.76% | -7.93% | 2.34% |
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 SXRG.DE and EUNL.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 26, 2010 | 0.82 |
The correlation between SXRG.DE and EUNL.DE has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
SXRG.DE vs. EUNL.DE — Risk / Return Rank
SXRG.DE
EUNL.DE
SXRG.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (SXRG.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.
| SXRG.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.15 | 3.64 | +1.51 |
| Martin ratioReturn relative to average drawdown | 15.48 | 14.52 | +0.97 |
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
| SXRG.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.12 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.90 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.84 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.82 | -0.29 |
Drawdowns
SXRG.DE vs. EUNL.DE - Drawdown Comparison
The maximum SXRG.DE drawdown since its inception was -41.79%, 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 SXRG.DE and EUNL.DE.
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Drawdown Indicators
| SXRG.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.79% | -33.63% | -8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -6.50% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -31.54% | -21.73% | -9.81% |
Max Drawdown (5Y)Largest decline over 5 years | -31.54% | -21.73% | -9.81% |
Max Drawdown (10Y)Largest decline over 10 years | -41.79% | -33.63% | -8.16% |
Current DrawdownCurrent decline from peak | 0.00% | -0.31% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -4.25% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.64% | +0.42% |
Volatility
SXRG.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (SXRG.DE) has a higher volatility of 3.75% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that SXRG.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
| SXRG.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 2.62% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 7.72% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 11.16% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 14.17% | +5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 15.17% | +5.18% |
SXRG.DE vs. EUNL.DE - Expense Ratio Comparison
SXRG.DE has a 0.43% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
SXRG.DE vs. EUNL.DE - Dividend Comparison
Neither SXRG.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRG.DE and EUNL.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.43% for SXRG.DE.
SXRG.DE is categorized as Small Cap Blend Equities, while EUNL.DE is Global Equities. SXRG.DE tracks MSCI USA Small Cap ESG Enhanced Focus CTB, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.43% for SXRG.DE and 0.20% for EUNL.DE.
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