EUE.L vs. IWDA.L

Last updated Jun 5, 2026

EUE.L (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EUE.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, EUE.L returned 11.61%/yr vs 13.89%/yr for IWDA.L. A 0.68 correlation means they provide meaningful diversification when combined. EUE.L charges 0.10%/yr vs 0.20%/yr for IWDA.L.

Performance

EUE.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EUE.L is traded in GBp, while IWDA.L is traded in USD. To make them comparable, the IWDA.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, EUE.L achieves a 6.60% return, which is significantly lower than IWDA.L's 10.12% return. Over the past 10 years, EUE.L has underperformed IWDA.L with an annualized return of 11.61%, while IWDA.L has yielded a comparatively higher 13.89% annualized return.

EUE.L

• 1D: 0.97%
• 1M: 4.94%
• YTD: 6.60%
• 6M: 7.73%
• 1Y: 19.02%
• 3Y*: 15.72%
• 5Y*: 11.67%
• 10Y*: 11.61%

IWDA.L

• 1D: 0.00%
• 1M: 4.88%
• YTD: 10.12%
• 6M: 10.06%
• 1Y: 27.03%
• 3Y*: 17.69%
• 5Y*: 13.03%
• 10Y*: 13.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUE.L vs. IWDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)	6.60%	27.87%	6.16%	20.16%	-3.39%	15.38%	3.14%	21.68%	-10.63%	14.51%
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	10.28%	12.41%	21.19%	18.05%	-8.38%	23.34%	12.65%	22.29%	-3.62%	12.15%

Correlation

The correlation between EUE.L and IWDA.L is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jun 2, 2010	0.68

The correlation between EUE.L and IWDA.L has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

EUE.L vs. IWDA.L - Sectors Allocation Comparison

Sectors	EUE.L	IWDA.L
Financial Services	25.0%	14.9%
Industrials	21.7%	9.7%
Technology	17.6%	32.9%
Consumer Cyclical	9.8%	8.8%
Consumer Defensive	5.5%	4.8%
Healthcare	5.2%	8.6%
Energy	4.8%	3.9%
Utilities	4.5%	2.4%
Basic Materials	3.5%	2.8%
Communication Services	2.4%	9.3%
Real Estate	-	1.2%

Return for Risk

EUE.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUE.L

EUE.L Risk / Return Rank: 35
EUE.L Sharpe Ratio Rank: 35
EUE.L Sortino Ratio Rank: 37
EUE.L Omega Ratio Rank: 35
EUE.L Calmar Ratio Rank: 34
EUE.L Martin Ratio Rank: 36

IWDA.L

IWDA.L Risk / Return Rank: 68
IWDA.L Sharpe Ratio Rank: 67
IWDA.L Sortino Ratio Rank: 73
IWDA.L Omega Ratio Rank: 67
IWDA.L Calmar Ratio Rank: 64
IWDA.L Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUE.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). 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.

	EUE.L	IWDA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.32	-1.07
Sortino ratio: Return per unit of downside risk	1.87	3.22	-1.35
Omega ratio: Gain probability vs. loss probability	1.23	1.43	-0.20
Calmar ratio: Return relative to maximum drawdown	1.64	4.22	-2.58
Martin ratio: Return relative to average drawdown	5.51	15.90	-10.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUE.L vs. IWDA.L - Sharpe Ratio Comparison

The current EUE.L Sharpe Ratio is 1.25, which is lower than the IWDA.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of EUE.L and IWDA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EUE.L	IWDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	2.32	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.90	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.89	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.86	-0.59

Drawdowns

EUE.L vs. IWDA.L - Drawdown Comparison

The maximum EUE.L drawdown since its inception was -48.69%, which is greater than IWDA.L's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for EUE.L and IWDA.L.

Drawdown Indicators

	EUE.L	IWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.69%	-26.18%	-22.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.53%	-6.37%	-5.16%
Max Drawdown (3Y) Largest decline over 3 years	-14.41%	-18.91%	+4.50%
Max Drawdown (5Y) Largest decline over 5 years	-21.94%	-18.91%	-3.03%
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	-26.18%	-5.79%
Current Drawdown Current decline from peak	-0.49%	-0.27%	-0.22%
Average Drawdown Average peak-to-trough decline	-11.17%	-3.39%	-7.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	1.70%	+1.74%

Volatility

EUE.L vs. IWDA.L - Volatility Comparison

iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) has a higher volatility of 4.95% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 3.47%. This indicates that EUE.L's price experiences larger fluctuations and is considered to be riskier than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUE.L	IWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	3.47%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	8.85%	+3.57%
Volatility (1Y) Calculated over the trailing 1-year period	15.21%	11.62%	+3.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	14.49%	+2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	15.51%	+2.40%

EUE.L vs. IWDA.L - Expense Ratio Comparison

EUE.L has a 0.10% expense ratio, which is lower than IWDA.L'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

EUE.L vs. IWDA.L - Dividend Comparison

EUE.L's dividend yield for the trailing twelve months is around 2.55%, while IWDA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)	2.55%	2.46%	3.09%	3.00%	2.79%	2.10%	2.13%	3.20%	3.64%	2.84%	3.32%	2.85%
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	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

Can I hold both EUE.L and IWDA.L in my portfolio?

EUE.L and IWDA.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUE.L or IWDA.L?

On fees, EUE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUE.L or IWDA.L?

EUE.L is cheaper with a 0.10% expense ratio, compared with 0.20% for IWDA.L.

What is the main difference between EUE.L and IWDA.L?

EUE.L is categorized as Europe Equities, while IWDA.L is Global Equities. EUE.L tracks MSCI EMU NR EUR, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.10% for EUE.L and 0.20% for IWDA.L.