EUNL.DE vs. VGWD.DE
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - EUNL.DE is a Global Equities fund tracking the MSCI World Index, while VGWD.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, EUNL.DE returned 12.27%/yr vs 12.04%/yr for VGWD.DE. Their correlation of 0.86 suggests significant overlap in exposure. EUNL.DE charges 0.20%/yr vs 0.29%/yr for VGWD.DE.
Performance
EUNL.DE vs. VGWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNL.DE achieves a 11.02% return, which is significantly lower than VGWD.DE's 15.12% return.
EUNL.DE
- 1D
- -0.55%
- 1M
- 0.80%
- YTD
- 11.02%
- 6M
- 11.36%
- 1Y
- 24.80%
- 3Y*
- 17.97%
- 5Y*
- 12.27%
- 10Y*
- 13.28%
VGWD.DE
- 1D
- 0.36%
- 1M
- 2.54%
- YTD
- 15.12%
- 6M
- 15.77%
- 1Y
- 29.59%
- 3Y*
- 17.21%
- 5Y*
- 12.04%
- 10Y*
- —
EUNL.DE vs. VGWD.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) | 11.02% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 31.35% | -5.13% | 3.39% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 15.12% | 13.16% | 15.75% | 7.29% | 0.08% | 27.89% | -9.60% | 25.03% | -8.03% | 1.24% |
Correlation
The correlation between EUNL.DE and VGWD.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.86 |
The correlation between EUNL.DE and VGWD.DE shifts across timeframes, from 0.74 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNL.DE vs. VGWD.DE — Risk / Return Rank
EUNL.DE
VGWD.DE
EUNL.DE vs. VGWD.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 All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.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.
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.
| EUNL.DE | VGWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.59 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 5.06 | -1.10 |
| Martin ratioReturn relative to average drawdown | 16.03 | 19.89 | -3.85 |
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Drawdowns
EUNL.DE vs. VGWD.DE - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, roughly equal to the maximum VGWD.DE drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and VGWD.DE.
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Drawdown Indicators
| EUNL.DE | VGWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -34.57% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -5.82% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -16.86% | -4.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -16.86% | -4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | 0.00% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -4.02% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.48% | +0.06% |
Volatility
EUNL.DE vs. VGWD.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a higher volatility of 3.01% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) at 2.22%. This indicates that EUNL.DE's price experiences larger fluctuations and is considered to be riskier than VGWD.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 | VGWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 2.22% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 7.18% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.30% | 9.37% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 11.54% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.14% | 14.20% | +0.94% |
EUNL.DE vs. VGWD.DE - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is lower than VGWD.DE's 0.29% expense ratio.
Dividends
EUNL.DE vs. VGWD.DE - Dividend Comparison
EUNL.DE has not paid dividends to shareholders, while VGWD.DE's dividend yield for the trailing twelve months is around 2.50%.
| 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% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.50% | 2.84% | 3.05% | 3.40% | 3.78% | 3.02% | 3.08% | 3.21% | 3.70% | 0.58% |
Frequently Asked Questions
EUNL.DE and VGWD.DE have a correlation of 0.74, 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 0.29% for VGWD.DE.
EUNL.DE is categorized as Global Equities, while VGWD.DE is Dividend. EUNL.DE tracks MSCI World Index, while VGWD.DE tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for EUNL.DE and 0.29% for VGWD.DE.
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