EUNL.DE vs. VGVE.DE
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and VGVE.DE (Vanguard FTSE Developed World UCITS ETF Distributing) are both Global Equities funds - EUNL.DE tracks the MSCI World Index while VGVE.DE tracks the FTSE Developed. Both are passively managed. Over the past 5 years, EUNL.DE returned 12.89%/yr vs 12.95%/yr for VGVE.DE. With a 1.00 correlation, they move nearly in lockstep. EUNL.DE charges 0.20%/yr vs 0.12%/yr for VGVE.DE.
Performance
EUNL.DE vs. VGVE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNL.DE achieves a 10.86% return, which is significantly lower than VGVE.DE's 12.54% return.
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%
VGVE.DE
- 1D
- -0.18%
- 1M
- 3.92%
- YTD
- 12.54%
- 6M
- 12.77%
- 1Y
- 26.01%
- 3Y*
- 18.04%
- 5Y*
- 12.95%
- 10Y*
- —
EUNL.DE vs. VGVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 2.07% |
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing | 12.54% | 8.78% | 24.92% | 19.91% | -13.71% | 31.39% | 5.44% | 30.68% | -5.85% | 2.00% |
Correlation
The correlation between EUNL.DE and VGVE.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 1.00 |
The correlation between EUNL.DE and VGVE.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
EUNL.DE vs. VGVE.DE — Risk / Return Rank
EUNL.DE
VGVE.DE
EUNL.DE vs. VGVE.DE - 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 Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE). 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.DE | VGVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 4.15 | -0.50 |
| Martin ratioReturn relative to average drawdown | 14.52 | 17.12 | -2.60 |
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
| EUNL.DE | VGVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.32 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.91 | -0.01 |
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 | 0.79 | +0.02 |
Drawdowns
EUNL.DE vs. VGVE.DE - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, roughly equal to the maximum VGVE.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and VGVE.DE.
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Drawdown Indicators
| EUNL.DE | VGVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.63% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -6.27% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -21.26% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -21.26% | -0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.58% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -4.35% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.52% | +0.12% |
Volatility
EUNL.DE vs. VGVE.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) is 2.62%, while Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) has a volatility of 2.88%. This indicates that EUNL.DE experiences smaller price fluctuations and is considered to be less risky than VGVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNL.DE | VGVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.88% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 7.93% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 11.23% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 14.00% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 15.63% | -0.46% |
EUNL.DE vs. VGVE.DE - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is higher than VGVE.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUNL.DE vs. VGVE.DE - Dividend Comparison
EUNL.DE has not paid dividends to shareholders, while VGVE.DE's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing | 1.06% | 1.22% | 1.36% | 1.59% | 1.93% | 1.22% | 1.40% | 1.67% | 1.95% | 0.34% |
Frequently Asked Questions
With a correlation of 0.99, EUNL.DE and VGVE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VGVE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGVE.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for EUNL.DE.
EUNL.DE tracks MSCI World Index, while VGVE.DE tracks FTSE Developed. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for EUNL.DE and 0.12% for VGVE.DE.
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