AYEW.DE vs. EUNL.DE
AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - AYEW.DE is a Technology Equities fund tracking the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, AYEW.DE returned 21.48%/yr vs 12.89%/yr for EUNL.DE. Their correlation of 0.86 suggests significant overlap in exposure. AYEW.DE charges 0.18%/yr vs 0.20%/yr for EUNL.DE.
Performance
AYEW.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEW.DE achieves a 24.61% return, which is significantly higher than EUNL.DE's 10.86% return.
AYEW.DE
- 1D
- -1.67%
- 1M
- 15.12%
- YTD
- 24.61%
- 6M
- 23.38%
- 1Y
- 45.27%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 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%
AYEW.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 55.77% | -29.69% | 41.89% | 30.99% | 12.00% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 6.61% |
Correlation
The correlation between AYEW.DE and EUNL.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.86 |
The correlation between AYEW.DE and EUNL.DE has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
AYEW.DE vs. EUNL.DE — Risk / Return Rank
AYEW.DE
EUNL.DE
AYEW.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.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.
| AYEW.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.64 | -0.64 |
| Martin ratioReturn relative to average drawdown | 8.00 | 14.52 | -6.52 |
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
| AYEW.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.12 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.90 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.82 | +0.20 |
Drawdowns
AYEW.DE vs. EUNL.DE - Drawdown Comparison
The maximum AYEW.DE drawdown since its inception was -31.36%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for AYEW.DE and EUNL.DE.
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Drawdown Indicators
| AYEW.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.36% | -33.63% | +2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -6.50% | -8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -29.01% | -21.73% | -7.28% |
Max Drawdown (5Y)Largest decline over 5 years | -30.10% | -21.73% | -8.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -2.13% | -0.31% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -4.25% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 1.64% | +4.00% |
Volatility
AYEW.DE vs. EUNL.DE - Volatility Comparison
iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) has a higher volatility of 6.77% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that AYEW.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
| AYEW.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 2.62% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 7.72% | +7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 11.16% | +8.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 14.17% | +8.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 15.17% | +8.31% |
AYEW.DE vs. EUNL.DE - Expense Ratio Comparison
AYEW.DE has a 0.18% 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
AYEW.DE vs. EUNL.DE - Dividend Comparison
AYEW.DE's dividend yield for the trailing twelve months is around 0.25%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AYEW.DE and EUNL.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYEW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEW.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for EUNL.DE.
AYEW.DE is categorized as Technology Equities, while EUNL.DE is Global Equities. AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.18% for AYEW.DE and 0.20% for EUNL.DE.
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