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EUNL.DE vs. EUNA.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUNL.DE vs. EUNA.AS

Last updated Jun 5, 2026

EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and EUNA.AS (iShares STOXX Europe 50 UCITS ETF) are both exchange-traded funds - EUNL.DE is a Global Equities fund tracking the MSCI World Index, while EUNA.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. EUNL.DE charges 0.20%/yr vs 0.35%/yr for EUNA.AS.

Performance

EUNL.DE vs. EUNA.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) and iShares STOXX Europe 50 UCITS ETF (EUNA.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

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%

EUNA.AS

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUNL.DE vs. EUNA.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUNL.DE
iShares Core MSCI World UCITS ETF USD (Acc)		10.86%7.90%25.93%20.13%-13.59%32.71%5.48%31.34%-5.13%7.71%
EUNA.AS
iShares STOXX Europe 50 UCITS ETF		0.00%12.22%8.08%15.11%-2.25%26.64%-6.34%26.46%-9.51%9.05%

Correlation

The correlation between EUNL.DE and EUNA.AS is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.59

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (10Y)
Calculated over the trailing 10-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2009

0.79

Over the past year, the correlation between EUNL.DE and EUNA.AS has dropped to 0.41 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

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iShares Core MSCI World UCITS ETF USD (Acc)

iShares STOXX Europe 50 UCITS ETF

Often compared with EUNL.DE:
EUNL.DE vs. VWCE.DEEUNL.DE vs. SPYEUNL.DE vs. IS3N.DEEUNL.DE vs. XDWD.DEEUNL.DE vs. AMEW.DEEUNL.DE vs. QDVE.DEEUNL.DE vs. EXXY.DE
Often compared with EUNA.AS:
EUNA.AS vs. BNDWEUNA.AS vs. EUEA.ASEUNA.AS vs. ^NDXEUNA.AS vs. IXJEUNA.AS vs. VOOGEUNA.AS vs. IVVEUNA.AS vs. SPY

Return for Risk

EUNL.DE vs. EUNA.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUNL.DE
EUNL.DE Risk / Return Rank: 7070
Overall Rank
EUNL.DE Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
EUNL.DE Sortino Ratio Rank: 6666
Sortino Ratio Rank
EUNL.DE Omega Ratio Rank: 6868
Omega Ratio Rank
EUNL.DE Calmar Ratio Rank: 7373
Calmar Ratio Rank
EUNL.DE Martin Ratio Rank: 7777
Martin Ratio Rank
EUNA.AS
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.

EUNL.DE vs. EUNA.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) and iShares STOXX Europe 50 UCITS ETF (EUNA.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.

EUNL.DEEUNA.ASDifference
Sharpe ratioReturn per unit of total volatility
2.12

—

—

Sortino ratioReturn per unit of downside risk
2.97

—

—

Omega ratioGain probability vs. loss probability

1.40

—

—

Calmar ratioReturn relative to maximum drawdown

3.64

—

—

Martin ratioReturn relative to average drawdown

14.52

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUNL.DE vs. EUNA.AS - Sharpe Ratio Comparison

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Sharpe Ratios by Period

EUNL.DEEUNA.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.12

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

—

—

Drawdowns

EUNL.DE vs. EUNA.AS - Drawdown Comparison

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Drawdown Indicators

EUNL.DEEUNA.ASDifference

Max Drawdown

Largest peak-to-trough decline

-33.63%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-6.50%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-21.73%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-21.73%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-33.63%

—

—

Current Drawdown

Current decline from peak

-0.31%

—

—

Average Drawdown

Average peak-to-trough decline

-4.25%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

—

—

Volatility

EUNL.DE vs. EUNA.AS - Volatility Comparison

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Volatility by Period

EUNL.DEEUNA.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.62%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

7.72%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

11.16%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.17%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.17%

—

—

EUNL.DE vs. EUNA.AS - Expense Ratio Comparison

EUNL.DE has a 0.20% expense ratio, which is lower than EUNA.AS's 0.35% expense ratio.

Dividends

EUNL.DE vs. EUNA.AS - Dividend Comparison

EUNL.DE has not paid dividends to shareholders, while EUNA.AS's dividend yield for the trailing twelve months is around 1.21%.

PositionTTM20252024202320222021202020192018201720162015
EUNA.AS
iShares STOXX Europe 50 UCITS ETF		1.21%2.52%2.68%2.56%2.62%2.22%2.42%2.96%3.51%3.24%3.29%3.05%
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%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EUNL.DE and EUNA.AS have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for EUNA.AS.

EUNL.DE is categorized as Global Equities, while EUNA.AS is Europe Equities. EUNL.DE tracks MSCI World Index, while EUNA.AS tracks MSCI Europe NR EUR. Their fees differ too: 0.20% for EUNL.DE and 0.35% for EUNA.AS.

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