SXRP.DE vs. EUNL.DE
SXRP.DE (iShares Euro Government Bond 3-7yr UCITS ETF (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SXRP.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 3-7, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, SXRP.DE returned 0.07%/yr vs 12.82%/yr for EUNL.DE. At a 0.05 correlation, their price movements are largely independent. SXRP.DE charges 0.15%/yr vs 0.20%/yr for EUNL.DE.
Performance
SXRP.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRP.DE achieves a -0.09% return, which is significantly lower than EUNL.DE's 10.86% return. Over the past 10 years, SXRP.DE has underperformed EUNL.DE with an annualized return of 0.07%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
SXRP.DE
- 1D
- 0.06%
- 1M
- -0.06%
- YTD
- -0.09%
- 6M
- -0.01%
- 1Y
- 0.74%
- 3Y*
- 2.82%
- 5Y*
- -0.69%
- 10Y*
- 0.07%
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%
SXRP.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRP.DE iShares Euro Government Bond 3-7yr UCITS ETF (Acc) | -0.09% | 2.47% | 2.09% | 5.92% | -12.11% | -1.59% | 1.82% | 2.83% | 0.15% | 0.10% |
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 SXRP.DE and EUNL.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2009 | 0.05 |
Over the past year, SXRP.DE and EUNL.DE have become more correlated (0.28) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
SXRP.DE vs. EUNL.DE — Risk / Return Rank
SXRP.DE
EUNL.DE
SXRP.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (SXRP.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.
| SXRP.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.40 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 3.64 | -3.50 |
| Martin ratioReturn relative to average drawdown | 0.41 | 14.52 | -14.11 |
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
| SXRP.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 2.12 | -1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | 0.90 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.02 | 0.84 | -0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.82 | -0.34 |
Drawdowns
SXRP.DE vs. EUNL.DE - Drawdown Comparison
The maximum SXRP.DE drawdown since its inception was -14.50%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for SXRP.DE and EUNL.DE.
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Drawdown Indicators
| SXRP.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.50% | -33.63% | +19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -6.50% | +3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -2.84% | -21.73% | +18.89% |
Max Drawdown (5Y)Largest decline over 5 years | -14.37% | -21.73% | +7.36% |
Max Drawdown (10Y)Largest decline over 10 years | -14.50% | -33.63% | +19.13% |
Current DrawdownCurrent decline from peak | -4.47% | -0.31% | -4.16% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -4.25% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.64% | -0.64% |
Volatility
SXRP.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (SXRP.DE) is 1.31%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that SXRP.DE experiences smaller price fluctuations and is considered to be less risky 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
| SXRP.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 2.62% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 7.72% | -5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 11.16% | -8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 14.17% | -9.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.55% | 15.17% | -11.62% |
SXRP.DE vs. EUNL.DE - Expense Ratio Comparison
SXRP.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
SXRP.DE vs. EUNL.DE - Dividend Comparison
Neither SXRP.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRP.DE and EUNL.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRP.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EUNL.DE.
SXRP.DE is categorized as European Government Bonds, while EUNL.DE is Global Equities. SXRP.DE tracks Bloomberg Euro Government Bond 3-7, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.15% for SXRP.DE and 0.20% for EUNL.DE.
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