EUNK.DE vs. IWDG.L
EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and IWDG.L (iShares Core MSCI World UCITS ETF) are both exchange-traded funds - EUNK.DE is a Europe Equities fund tracking the MSCI Europe, while IWDG.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, EUNK.DE returned 9.96%/yr vs 10.50%/yr for IWDG.L. A 0.77 correlation means they provide meaningful diversification when combined. EUNK.DE charges 0.12%/yr vs 0.30%/yr for IWDG.L.
Performance
EUNK.DE vs. IWDG.L - Performance Comparison
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Different Trading Currencies
EUNK.DE is traded in EUR, while IWDG.L is traded in GBp. To make them comparable, the IWDG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNK.DE achieves a 7.32% return, which is significantly lower than IWDG.L's 10.45% return.
EUNK.DE
- 1D
- 0.60%
- 1M
- 1.11%
- YTD
- 7.32%
- 6M
- 9.84%
- 1Y
- 15.90%
- 3Y*
- 13.70%
- 5Y*
- 9.96%
- 10Y*
- 9.16%
IWDG.L
- 1D
- 0.03%
- 1M
- 4.28%
- YTD
- 10.45%
- 6M
- 11.54%
- 1Y
- 21.75%
- 3Y*
- 18.68%
- 5Y*
- 10.50%
- 10Y*
- —
EUNK.DE vs. IWDG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.32% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -10.93% | 0.44% |
IWDG.L iShares Core MSCI World UCITS ETF | 10.47% | 11.11% | 25.53% | 23.81% | -22.96% | 30.67% | 4.10% | 30.28% | -11.56% | 5.44% |
Correlation
The correlation between EUNK.DE and IWDG.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 26, 2017 | 0.77 |
The correlation between EUNK.DE and IWDG.L has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
EUNK.DE vs. IWDG.L — Risk / Return Rank
EUNK.DE
IWDG.L
EUNK.DE vs. IWDG.L - 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 (IWDG.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.
| EUNK.DE | IWDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.87 | -1.18 |
| Martin ratioReturn relative to average drawdown | 6.26 | 11.83 | -5.57 |
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
| EUNK.DE | IWDG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.69 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.63 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.56 | -0.04 |
Drawdowns
EUNK.DE vs. IWDG.L - Drawdown Comparison
The maximum EUNK.DE drawdown since its inception was -35.45%, smaller than the maximum IWDG.L drawdown of -40.95%. Use the drawdown chart below to compare losses from any high point for EUNK.DE and IWDG.L.
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Drawdown Indicators
| EUNK.DE | IWDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.45% | -40.95% | +5.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -7.55% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -20.37% | +3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -28.18% | +8.73% |
Max Drawdown (10Y)Largest decline over 10 years | -35.45% | — | — |
Current DrawdownCurrent decline from peak | -1.68% | -0.54% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -6.82% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.83% | +0.74% |
Volatility
EUNK.DE vs. IWDG.L - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) has a higher volatility of 4.33% compared to iShares Core MSCI World UCITS ETF (IWDG.L) at 3.16%. This indicates that EUNK.DE's price experiences larger fluctuations and is considered to be riskier than IWDG.L 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 | IWDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 3.16% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 9.37% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 12.81% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 16.69% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 18.27% | -2.78% |
EUNK.DE vs. IWDG.L - Expense Ratio Comparison
EUNK.DE has a 0.12% expense ratio, which is lower than IWDG.L's 0.30% expense ratio.
Dividends
EUNK.DE vs. IWDG.L - Dividend Comparison
EUNK.DE has not paid dividends to shareholders, while IWDG.L's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWDG.L iShares Core MSCI World UCITS ETF | 0.01% | 0.01% | 0.01% | 0.01% | 0.02% | 0.01% | 0.01% | 0.02% | 0.02% | 0.01% |
Frequently Asked Questions
EUNK.DE and IWDG.L have a correlation of 0.76, 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 0.30% for IWDG.L.
EUNK.DE is categorized as Europe Equities, while IWDG.L is Global Equities. EUNK.DE tracks MSCI Europe, while IWDG.L tracks MSCI World Index. Their fees differ too: 0.12% for EUNK.DE and 0.30% for IWDG.L.
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