EUNK.DE vs. XDEQ.L
EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - EUNK.DE is a Europe Equities fund tracking the MSCI Europe, while XDEQ.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, EUNK.DE returned 9.91%/yr vs 12.70%/yr for XDEQ.L. A 0.74 correlation means they provide meaningful diversification when combined. EUNK.DE charges 0.12%/yr vs 0.25%/yr for XDEQ.L.
Performance
EUNK.DE vs. XDEQ.L - Performance Comparison
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Different Trading Currencies
EUNK.DE is traded in EUR, while XDEQ.L is traded in GBp. To make them comparable, the XDEQ.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 9.43% return, which is significantly lower than XDEQ.L's 10.93% return. Over the past 10 years, EUNK.DE has underperformed XDEQ.L with an annualized return of 9.91%, while XDEQ.L has yielded a comparatively higher 12.70% 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%
XDEQ.L
- 1D
- -0.08%
- 1M
- 3.39%
- YTD
- 10.93%
- 6M
- 12.54%
- 1Y
- 21.72%
- 3Y*
- 15.16%
- 5Y*
- 11.18%
- 10Y*
- 12.70%
EUNK.DE vs. XDEQ.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) | 9.43% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -10.93% | 10.51% |
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C | 10.93% | 1.91% | 24.64% | 21.75% | -14.11% | 33.29% | 4.95% | 34.02% | -3.54% | 8.12% |
Correlation
The correlation between EUNK.DE and XDEQ.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.74 |
The correlation between EUNK.DE and XDEQ.L has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
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Return for Risk
EUNK.DE vs. XDEQ.L — Risk / Return Rank
EUNK.DE
XDEQ.L
EUNK.DE vs. XDEQ.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 Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.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.
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 | XDEQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 3.38 | -1.36 |
| Martin ratioReturn relative to average drawdown | 7.69 | 14.19 | -6.50 |
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Drawdowns
EUNK.DE vs. XDEQ.L - Drawdown Comparison
The maximum EUNK.DE drawdown since its inception was -35.44%, smaller than the maximum XDEQ.L drawdown of -47.81%. Use the drawdown chart below to compare losses from any high point for EUNK.DE and XDEQ.L.
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Drawdown Indicators
| EUNK.DE | XDEQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.44% | -47.81% | +12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -6.40% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -20.25% | +3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -20.25% | +0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | -31.39% | -4.05% |
Current DrawdownCurrent decline from peak | 0.00% | -0.08% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -16.14% | +10.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.53% | +0.97% |
Volatility
EUNK.DE vs. XDEQ.L - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) has a higher volatility of 3.64% compared to Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) at 2.27%. This indicates that EUNK.DE's price experiences larger fluctuations and is considered to be riskier than XDEQ.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 | XDEQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 2.27% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 7.42% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 10.44% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 19.74% | -5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 20.99% | -5.55% |
EUNK.DE vs. XDEQ.L - Expense Ratio Comparison
EUNK.DE has a 0.12% expense ratio, which is lower than XDEQ.L's 0.25% 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. XDEQ.L - Dividend Comparison
Neither EUNK.DE nor XDEQ.L has paid dividends to shareholders.
Frequently Asked Questions
EUNK.DE and XDEQ.L have a correlation of 0.71, 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 0.25% for XDEQ.L.
EUNK.DE is categorized as Europe Equities, while XDEQ.L is Global Equities. EUNK.DE tracks MSCI Europe, while XDEQ.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for EUNK.DE and 0.25% for XDEQ.L.
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