EUNW.DE vs. VDIV.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, EUNW.DE returned 2.68%/yr vs 17.51%/yr for VDIV.DE. A 0.55 correlation means they provide meaningful diversification when combined. EUNW.DE charges 0.50%/yr vs 0.38%/yr for VDIV.DE.
Performance
EUNW.DE vs. VDIV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNW.DE achieves a 0.85% return, which is significantly lower than VDIV.DE's 9.79% return.
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 0.85%
- 6M
- 1.40%
- 1Y
- 3.33%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
VDIV.DE
- 1D
- 0.23%
- 1M
- -0.18%
- YTD
- 9.79%
- 6M
- 12.68%
- 1Y
- 25.52%
- 3Y*
- 19.95%
- 5Y*
- 17.51%
- 10Y*
- —
EUNW.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 2.93% | 1.06% | 9.87% | 0.19% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.79% | 24.55% | 15.67% | 11.47% | 15.47% | 27.92% | -11.00% | 23.04% | -3.07% |
Correlation
The correlation between EUNW.DE and VDIV.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.55 |
The correlation between EUNW.DE and VDIV.DE shifts across timeframes, from 0.36 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNW.DE vs. VDIV.DE — Risk / Return Rank
EUNW.DE
VDIV.DE
EUNW.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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.
| EUNW.DE | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.51 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 6.94 | -5.81 |
| Martin ratioReturn relative to average drawdown | 4.73 | 20.46 | -15.73 |
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
| EUNW.DE | VDIV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.73 | -1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 1.45 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.94 | -0.47 |
Drawdowns
EUNW.DE vs. VDIV.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, smaller than the maximum VDIV.DE drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and VDIV.DE.
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Drawdown Indicators
| EUNW.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -36.12% | +10.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.68% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -15.12% | +11.32% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -15.12% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -2.39% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -4.22% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.25% | -0.58% |
Volatility
EUNW.DE vs. VDIV.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.79%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) has a volatility of 2.82%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than VDIV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNW.DE | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 2.82% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 6.79% | -3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 9.36% | -6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 11.92% | -6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 15.36% | -8.78% |
EUNW.DE vs. VDIV.DE - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than VDIV.DE's 0.38% expense ratio.
Dividends
EUNW.DE vs. VDIV.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, more than VDIV.DE's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.19% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNW.DE and VDIV.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDIV.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDIV.DE is cheaper with a 0.38% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE is categorized as European High Yield Bonds, while VDIV.DE is Global Equities. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.50% for EUNW.DE and 0.38% for VDIV.DE.
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