EUNL.DE vs. VWRD.L
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and VWRD.L (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - EUNL.DE tracks the MSCI World Index while VWRD.L tracks the FTSE All-World Index. Both are passively managed. Over the past 10 years, EUNL.DE returned 12.82%/yr vs 12.39%/yr for VWRD.L. Their correlation of 0.87 suggests significant overlap in exposure. EUNL.DE charges 0.20%/yr vs 0.22%/yr for VWRD.L.
Performance
EUNL.DE vs. VWRD.L - Performance Comparison
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Different Trading Currencies
EUNL.DE is traded in EUR, while VWRD.L is traded in USD. To make them comparable, the VWRD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNL.DE achieves a 10.86% return, which is significantly lower than VWRD.L's 12.91% return. Both investments have delivered pretty close results over the past 10 years, with EUNL.DE having a 12.82% annualized return and VWRD.L not far behind at 12.39%.
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%
VWRD.L
- 1D
- -0.22%
- 1M
- 3.66%
- YTD
- 12.91%
- 6M
- 12.99%
- 1Y
- 26.37%
- 3Y*
- 17.88%
- 5Y*
- 12.28%
- 10Y*
- 12.39%
EUNL.DE vs. VWRD.L - 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% | 7.71% |
VWRD.L Vanguard FTSE All-World UCITS ETF | 12.91% | 7.86% | 25.42% | 18.64% | -13.12% | 27.38% | 6.56% | 28.51% | -5.46% | 9.08% |
Correlation
The correlation between EUNL.DE and VWRD.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 29, 2012 | 0.87 |
The correlation between EUNL.DE and VWRD.L has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
EUNL.DE vs. VWRD.L — Risk / Return Rank
EUNL.DE
VWRD.L
EUNL.DE vs. VWRD.L - 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 UCITS ETF (VWRD.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.
| EUNL.DE | VWRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 4.11 | -0.47 |
| Martin ratioReturn relative to average drawdown | 14.52 | 15.77 | -1.26 |
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 | VWRD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.13 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.84 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.79 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.82 | 0.00 |
Drawdowns
EUNL.DE vs. VWRD.L - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, roughly equal to the maximum VWRD.L drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and VWRD.L.
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Drawdown Indicators
| EUNL.DE | VWRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.27% | -0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -6.40% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -20.08% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -20.08% | -1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.27% | -0.36% |
Current DrawdownCurrent decline from peak | -0.31% | -0.63% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -4.39% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.67% | -0.03% |
Volatility
EUNL.DE vs. VWRD.L - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) is 2.62%, while Vanguard FTSE All-World UCITS ETF (VWRD.L) has a volatility of 3.46%. This indicates that EUNL.DE experiences smaller price fluctuations and is considered to be less risky than VWRD.L 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 | VWRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.46% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 9.33% | -1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 12.37% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 14.59% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 15.60% | -0.43% |
EUNL.DE vs. VWRD.L - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is lower than VWRD.L's 0.22% 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
EUNL.DE vs. VWRD.L - Dividend Comparison
EUNL.DE has not paid dividends to shareholders, while VWRD.L's dividend yield for the trailing twelve months is around 1.24%.
| 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% |
VWRD.L Vanguard FTSE All-World UCITS ETF | 1.24% | 1.38% | 1.52% | 1.69% | 2.05% | 1.48% | 1.47% | 1.88% | 2.29% | 1.82% | 2.04% | 2.07% |
Frequently Asked Questions
EUNL.DE and VWRD.L have a correlation of 0.89, 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 0.22% for VWRD.L.
EUNL.DE tracks MSCI World Index, while VWRD.L tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for EUNL.DE and 0.22% for VWRD.L.
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