UTIL.L vs. EUNW.DE
UTIL.L (SPDR MSCI Europe Utilities UCITS ETF) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - UTIL.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD, while EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 10 years, UTIL.L returned 10.84%/yr vs 3.10%/yr for EUNW.DE. At a 0.42 correlation, their price movements are largely independent. UTIL.L charges 0.18%/yr vs 0.50%/yr for EUNW.DE.
Performance
UTIL.L vs. EUNW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UTIL.L achieves a 13.65% return, which is significantly higher than EUNW.DE's 0.85% return. Over the past 10 years, UTIL.L has outperformed EUNW.DE with an annualized return of 10.84%, while EUNW.DE has yielded a comparatively lower 3.10% annualized return.
UTIL.L
- 1D
- -0.64%
- 1M
- -0.76%
- YTD
- 13.65%
- 6M
- 15.33%
- 1Y
- 27.67%
- 3Y*
- 16.62%
- 5Y*
- 11.84%
- 10Y*
- 10.84%
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.49%
- YTD
- 0.85%
- 6M
- 1.46%
- 1Y
- 3.18%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
UTIL.L vs. EUNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTIL.L SPDR MSCI Europe Utilities UCITS ETF | 13.65% | 33.98% | 1.33% | 13.09% | -6.77% | 8.27% | 11.82% | 29.32% | 3.36% | 9.29% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 2.93% | 1.06% | 9.87% | -3.52% | 4.59% |
Correlation
The correlation between UTIL.L and EUNW.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014 | 0.42 |
Over the past year, the correlation between UTIL.L and EUNW.DE has dropped to 0.17 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
UTIL.L vs. EUNW.DE — Risk / Return Rank
UTIL.L
EUNW.DE
UTIL.L vs. EUNW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.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.
| UTIL.L | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 1.12 | +2.65 |
| Martin ratioReturn relative to average drawdown | 10.51 | 4.73 | +5.78 |
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
| UTIL.L | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 0.96 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.50 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.47 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.47 | +0.03 |
Drawdowns
UTIL.L vs. EUNW.DE - Drawdown Comparison
The maximum UTIL.L drawdown since its inception was -34.59%, which is greater than EUNW.DE's maximum drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for UTIL.L and EUNW.DE.
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Drawdown Indicators
| UTIL.L | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -25.47% | -9.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -2.83% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -13.48% | -3.80% | -9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -14.79% | -7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -25.47% | -9.12% |
Current DrawdownCurrent decline from peak | -4.57% | -0.10% | -4.47% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -2.31% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.67% | +1.96% |
Volatility
UTIL.L vs. EUNW.DE - Volatility Comparison
SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) has a higher volatility of 5.68% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) at 0.79%. This indicates that UTIL.L's price experiences larger fluctuations and is considered to be riskier than EUNW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTIL.L | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 0.79% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 2.86% | +10.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.89% | 3.30% | +11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 5.25% | +10.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 6.58% | +11.09% |
UTIL.L vs. EUNW.DE - Expense Ratio Comparison
UTIL.L has a 0.18% expense ratio, which is lower than EUNW.DE's 0.50% expense ratio.
Dividends
UTIL.L vs. EUNW.DE - Dividend Comparison
UTIL.L has not paid dividends to shareholders, while EUNW.DE's dividend yield for the trailing twelve months is around 5.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
UTIL.L SPDR MSCI Europe Utilities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTIL.L and EUNW.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UTIL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UTIL.L is cheaper with a 0.18% expense ratio, compared with 0.50% for EUNW.DE.
UTIL.L is categorized as Utilities Equities, while EUNW.DE is European High Yield Bonds. UTIL.L tracks MSCI World/Utilities NR USD, while EUNW.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for UTIL.L and 0.50% for EUNW.DE.
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