EUNK.DE vs. IWDA.AS
EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EUNK.DE is a Europe Equities fund tracking the MSCI Europe, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, EUNK.DE returned 9.91%/yr vs 13.10%/yr for IWDA.AS. Their correlation of 0.80 suggests significant overlap in exposure. EUNK.DE charges 0.12%/yr vs 0.20%/yr for IWDA.AS.
Performance
EUNK.DE vs. IWDA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, EUNK.DE achieves a 9.43% return, which is significantly lower than IWDA.AS's 11.31% return. Over the past 10 years, EUNK.DE has underperformed IWDA.AS with an annualized return of 9.91%, while IWDA.AS has yielded a comparatively higher 13.10% annualized return.
EUNK.DE
- 1D
- 0.29%
- 1M
- 5.62%
- YTD
- 9.43%
- 6M
- 11.71%
- 1Y
- 19.31%
- 3Y*
- 13.84%
- 5Y*
- 10.02%
- 10Y*
- 9.91%
IWDA.AS
- 1D
- -0.08%
- 1M
- 2.60%
- YTD
- 11.31%
- 6M
- 13.13%
- 1Y
- 24.64%
- 3Y*
- 17.15%
- 5Y*
- 12.43%
- 10Y*
- 13.10%
EUNK.DE vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 9.43% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -10.93% | 10.51% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.31% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
Correlation
The correlation between EUNK.DE and IWDA.AS is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.80 |
The correlation between EUNK.DE and IWDA.AS has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.
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Return for Risk
EUNK.DE vs. IWDA.AS — Risk / Return Rank
EUNK.DE
IWDA.AS
EUNK.DE vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUNK.DE | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 3.77 | -1.75 |
| Martin ratioReturn relative to average drawdown | 7.69 | 14.95 | -7.26 |
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Drawdowns
EUNK.DE vs. IWDA.AS - Drawdown Comparison
The maximum EUNK.DE drawdown since its inception was -35.44%, which is greater than IWDA.AS's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EUNK.DE and IWDA.AS.
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Drawdown Indicators
| EUNK.DE | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.44% | -33.63% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -6.45% | -3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -21.59% | +5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -21.59% | +2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | -33.63% | -1.81% |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -4.23% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.63% | +0.87% |
Volatility
EUNK.DE vs. IWDA.AS - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) has a higher volatility of 3.64% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 3.07%. This indicates that EUNK.DE's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNK.DE | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 3.07% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 7.97% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 11.14% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 14.13% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 15.01% | +0.43% |
EUNK.DE vs. IWDA.AS - Expense Ratio Comparison
EUNK.DE has a 0.12% expense ratio, which is lower than IWDA.AS'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
EUNK.DE vs. IWDA.AS - Dividend Comparison
Neither EUNK.DE nor IWDA.AS has paid dividends to shareholders.
Frequently Asked Questions
EUNK.DE and IWDA.AS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNK.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNK.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IWDA.AS.
EUNK.DE is categorized as Europe Equities, while IWDA.AS is Global Equities. EUNK.DE tracks MSCI Europe, while IWDA.AS tracks MSCI World Index. Their fees differ too: 0.12% for EUNK.DE and 0.20% for IWDA.AS.
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