SXRY.DE vs. EUNL.DE
SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SXRY.DE is a Europe Equities fund tracking the FTSE MIB, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, SXRY.DE returned 15.00%/yr vs 12.82%/yr for EUNL.DE. A 0.63 correlation means they provide meaningful diversification when combined. SXRY.DE charges 0.33%/yr vs 0.20%/yr for EUNL.DE.
Performance
SXRY.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRY.DE achieves a 14.40% return, which is significantly higher than EUNL.DE's 10.86% return. Over the past 10 years, SXRY.DE has outperformed EUNL.DE with an annualized return of 15.00%, while EUNL.DE has yielded a comparatively lower 12.82% annualized return.
SXRY.DE
- 1D
- 0.28%
- 1M
- 2.66%
- YTD
- 14.40%
- 6M
- 18.51%
- 1Y
- 29.82%
- 3Y*
- 28.94%
- 5Y*
- 19.74%
- 10Y*
- 15.00%
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%
SXRY.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 14.40% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 16.72% |
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 SXRY.DE and EUNL.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010 | 0.63 |
The correlation between SXRY.DE and EUNL.DE has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
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Return for Risk
SXRY.DE vs. EUNL.DE — Risk / Return Rank
SXRY.DE
EUNL.DE
SXRY.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares FTSE MIB UCITS ETF (Acc) (SXRY.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.
| SXRY.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.64 | -0.48 |
| Martin ratioReturn relative to average drawdown | 11.35 | 14.52 | -3.16 |
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
| SXRY.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.12 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.90 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.84 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.82 | -0.44 |
Drawdowns
SXRY.DE vs. EUNL.DE - Drawdown Comparison
The maximum SXRY.DE drawdown since its inception was -43.59%, 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 SXRY.DE and EUNL.DE.
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Drawdown Indicators
| SXRY.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.59% | -33.63% | -9.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -6.50% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -21.73% | +4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.00% | -21.73% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -40.81% | -33.63% | -7.18% |
Current DrawdownCurrent decline from peak | -0.76% | -0.31% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -4.25% | -7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 1.64% | +1.06% |
Volatility
SXRY.DE vs. EUNL.DE - Volatility Comparison
iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) has a higher volatility of 4.82% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that SXRY.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
| SXRY.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 2.62% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.56% | 7.72% | +4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 11.16% | +4.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.28% | 14.17% | +4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 15.17% | +5.01% |
SXRY.DE vs. EUNL.DE - Expense Ratio Comparison
SXRY.DE has a 0.33% expense ratio, which is higher than EUNL.DE's 0.20% expense ratio.
Dividends
SXRY.DE vs. EUNL.DE - Dividend Comparison
Neither SXRY.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRY.DE and EUNL.DE have a correlation of 0.65, 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 0.33% for SXRY.DE.
SXRY.DE is categorized as Europe Equities, while EUNL.DE is Global Equities. SXRY.DE tracks FTSE MIB, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.33% for SXRY.DE and 0.20% for EUNL.DE.
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