EUNL.DE vs. VOO
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - EUNL.DE is a Global Equities fund tracking the MSCI World Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EUNL.DE returned 13.12%/yr vs 15.23%/yr for VOO. A 0.62 correlation means they provide meaningful diversification when combined. EUNL.DE charges 0.20%/yr vs 0.03%/yr for VOO.
Performance
EUNL.DE vs. VOO - Performance Comparison
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Different Trading Currencies
EUNL.DE is traded in EUR, while VOO is traded in USD. To make them comparable, the VOO values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with EUNL.DE having a 11.17% return and VOO slightly lower at 10.76%. Over the past 10 years, EUNL.DE has underperformed VOO with an annualized return of 13.12%, while VOO has yielded a comparatively higher 15.23% annualized return.
EUNL.DE
- 1D
- 1.11%
- 1M
- 2.65%
- YTD
- 11.17%
- 6M
- 12.56%
- 1Y
- 25.26%
- 3Y*
- 17.19%
- 5Y*
- 12.67%
- 10Y*
- 13.12%
VOO
- 1D
- 0.00%
- 1M
- 0.88%
- YTD
- 10.76%
- 6M
- 11.35%
- 1Y
- 25.57%
- 3Y*
- 18.32%
- 5Y*
- 14.36%
- 10Y*
- 15.23%
EUNL.DE vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 11.17% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 31.35% | -5.13% | 7.71% |
VOO Vanguard S&P 500 ETF | 12.45% | 3.84% | 33.23% | 22.54% | -13.10% | 38.43% | 8.57% | 34.33% | -0.02% | 6.81% |
Correlation
The correlation between EUNL.DE and VOO is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.62 |
The correlation between EUNL.DE and VOO shifts across timeframes, from 0.58 (5 years) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNL.DE vs. VOO — Risk / Return Rank
EUNL.DE
VOO
EUNL.DE vs. VOO - 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 S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 3.48 | +0.56 |
| Martin ratioReturn relative to average drawdown | 16.31 | 13.07 | +3.24 |
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Drawdowns
EUNL.DE vs. VOO - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, roughly equal to the maximum VOO drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and VOO.
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Drawdown Indicators
| EUNL.DE | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.49% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -7.37% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -23.87% | +2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -23.87% | +2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.49% | -0.14% |
Current DrawdownCurrent decline from peak | -0.02% | -1.81% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -4.03% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.96% | -0.42% |
Volatility
EUNL.DE vs. VOO - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) is 3.14%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.36%. This indicates that EUNL.DE experiences smaller price fluctuations and is considered to be less risky than VOO 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 | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.36% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.04% | 9.01% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 12.37% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 16.74% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 18.55% | -3.38% |
EUNL.DE vs. VOO - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is higher than VOO's 0.03% 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. VOO - Dividend Comparison
EUNL.DE has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.03% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
EUNL.DE and VOO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VOO is cheaper with a 0.03% expense ratio, compared with 0.20% for EUNL.DE.
EUNL.DE is categorized as Global Equities, while VOO is S&P 500. EUNL.DE tracks MSCI World Index, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for EUNL.DE and 0.03% for VOO.
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