ALAG.L vs. EUNL.DE
ALAG.L (Amundi MSCI Em Latin America UCITS ETF-C USD) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - ALAG.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, ALAG.L returned 8.49%/yr vs 13.91%/yr for EUNL.DE. At a 0.47 correlation, their price movements are largely independent. ALAG.L charges 0.10%/yr vs 0.20%/yr for EUNL.DE.
Performance
ALAG.L vs. EUNL.DE - Performance Comparison
Loading charts...
Different Trading Currencies
ALAG.L is traded in GBp, while EUNL.DE is traded in EUR. To make them comparable, the EUNL.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ALAG.L achieves a 10.55% return, which is significantly higher than EUNL.DE's 9.99% return. Over the past 10 years, ALAG.L has underperformed EUNL.DE with an annualized return of 8.49%, while EUNL.DE has yielded a comparatively higher 13.91% annualized return.
ALAG.L
- 1D
- -0.47%
- 1M
- -6.14%
- YTD
- 10.55%
- 6M
- 7.97%
- 1Y
- 38.67%
- 3Y*
- 10.97%
- 5Y*
- 9.69%
- 10Y*
- 8.49%
EUNL.DE
- 1D
- 0.14%
- 1M
- 5.03%
- YTD
- 9.99%
- 6M
- 10.21%
- 1Y
- 27.14%
- 3Y*
- 17.72%
- 5Y*
- 13.06%
- 10Y*
- 13.91%
ALAG.L vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C USD | 10.55% | 44.31% | -25.31% | 25.10% | 21.74% | -8.24% | -16.56% | 12.56% | -1.55% | 12.30% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 9.99% | 13.52% | 20.44% | 17.73% | -8.86% | 23.35% | 11.44% | 24.51% | -3.79% | 12.31% |
Correlation
The correlation between ALAG.L and EUNL.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.47 |
The correlation between ALAG.L and EUNL.DE shifts across timeframes, from 0.36 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ALAG.L vs. EUNL.DE — Risk / Return Rank
ALAG.L
EUNL.DE
ALAG.L vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) 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.
| ALAG.L | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.47 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 4.16 | -0.54 |
| Martin ratioReturn relative to average drawdown | 10.83 | 16.26 | -5.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ALAG.L | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 2.53 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.94 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.92 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.81 | -0.41 |
Drawdowns
ALAG.L vs. EUNL.DE - Drawdown Comparison
The maximum ALAG.L drawdown since its inception was -48.94%, which is greater than EUNL.DE's maximum drawdown of -26.21%. Use the drawdown chart below to compare losses from any high point for ALAG.L and EUNL.DE.
Loading charts...
Drawdown Indicators
| ALAG.L | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.94% | -26.21% | -22.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -6.50% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -19.74% | -6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -19.74% | -6.00% |
Max Drawdown (10Y)Largest decline over 10 years | -48.94% | -26.21% | -22.73% |
Current DrawdownCurrent decline from peak | -10.63% | -0.11% | -10.52% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -3.59% | -8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 1.66% | +1.90% |
Volatility
ALAG.L vs. EUNL.DE - Volatility Comparison
Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) has a higher volatility of 4.67% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.84%. This indicates that ALAG.L'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.
Loading charts...
Volatility by Period
| ALAG.L | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 2.84% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 7.56% | +7.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 10.66% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.42% | 13.72% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.89% | 14.96% | +9.93% |
ALAG.L vs. EUNL.DE - Expense Ratio Comparison
ALAG.L has a 0.10% 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
ALAG.L vs. EUNL.DE - Dividend Comparison
Neither ALAG.L nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
ALAG.L and EUNL.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ALAG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ALAG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for EUNL.DE.
ALAG.L is categorized as Latin America Equities, while EUNL.DE is Global Equities. ALAG.L tracks MSCI EM Latin America NR USD, while EUNL.DE tracks MSCI World Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for ALAG.L and 0.20% for EUNL.DE.
Find the right allocation for ALAG.L and EUNL.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer