SXRS.DE vs. EUNL.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, SXRS.DE returned 12.06%/yr vs 12.89%/yr for EUNL.DE. At a 0.25 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.20%/yr for EUNL.DE.
Performance
SXRS.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRS.DE achieves a 23.84% return, which is significantly higher than EUNL.DE's 10.86% return.
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 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%
SXRS.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
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% | -2.25% |
Correlation
The correlation between SXRS.DE and EUNL.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.25 |
The correlation between SXRS.DE and EUNL.DE shifts across timeframes, from -0.07 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SXRS.DE vs. EUNL.DE — Risk / Return Rank
SXRS.DE
EUNL.DE
SXRS.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.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.
| SXRS.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.40 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 3.64 | +0.36 |
| Martin ratioReturn relative to average drawdown | 8.95 | 14.52 | -5.57 |
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
| SXRS.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.12 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.90 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.82 | -0.28 |
Drawdowns
SXRS.DE vs. EUNL.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -27.64%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and EUNL.DE.
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Drawdown Indicators
| SXRS.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -33.63% | +5.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -6.50% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -21.73% | +5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -21.73% | -5.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -4.99% | -0.31% | -4.68% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -4.25% | -8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 1.64% | +2.28% |
Volatility
SXRS.DE vs. EUNL.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.76% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that SXRS.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
| SXRS.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 2.62% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 7.72% | +8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 11.16% | +7.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 14.17% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 15.17% | +0.68% |
SXRS.DE vs. EUNL.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% 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
SXRS.DE vs. EUNL.DE - Dividend Comparison
Neither SXRS.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and EUNL.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for EUNL.DE.
SXRS.DE is categorized as Commodities, while EUNL.DE is Global Equities. SXRS.DE tracks Bloomberg Commodity, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.19% for SXRS.DE and 0.20% for EUNL.DE.
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