EUNW.DE vs. VGWD.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while VGWD.DE is a Global Equities fund tracking the FTSE All-World High Dividend Yield index. Both are passively managed. Over the past 5 years, EUNW.DE returned 2.68%/yr vs 11.49%/yr for VGWD.DE. A 0.59 correlation means they provide meaningful diversification when combined. EUNW.DE charges 0.50%/yr vs 0.29%/yr for VGWD.DE.
Performance
EUNW.DE vs. VGWD.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 VGWD.DE's 12.49% 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%
VGWD.DE
- 1D
- 0.19%
- 1M
- 2.31%
- YTD
- 12.49%
- 6M
- 13.87%
- 1Y
- 25.22%
- 3Y*
- 15.87%
- 5Y*
- 11.49%
- 10Y*
- —
EUNW.DE vs. VGWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -3.52% | -0.24% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 12.49% | 13.16% | 15.75% | 7.29% | 0.08% | 27.90% | -9.60% | 25.03% | -8.03% | 1.24% |
Correlation
The correlation between EUNW.DE and VGWD.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.59 |
The correlation between EUNW.DE and VGWD.DE has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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Return for Risk
EUNW.DE vs. VGWD.DE — Risk / Return Rank
EUNW.DE
VGWD.DE
EUNW.DE vs. VGWD.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 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.
| EUNW.DE | VGWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.50 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 4.28 | -3.16 |
| Martin ratioReturn relative to average drawdown | 4.73 | 16.37 | -11.64 |
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 | VGWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.70 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.99 | -0.48 |
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 | 0.64 | -0.17 |
Drawdowns
EUNW.DE vs. VGWD.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, smaller than the maximum VGWD.DE drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and VGWD.DE.
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Drawdown Indicators
| EUNW.DE | VGWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -34.57% | +9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -5.82% | +2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -16.86% | +13.06% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -16.86% | +2.07% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.32% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -4.05% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.52% | -0.85% |
Volatility
EUNW.DE vs. VGWD.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.79%, while Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) has a volatility of 2.33%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky 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
| EUNW.DE | VGWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 2.33% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 6.95% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 9.21% | -5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 11.52% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 14.23% | -7.65% |
EUNW.DE vs. VGWD.DE - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than VGWD.DE's 0.29% expense ratio.
Dividends
EUNW.DE vs. VGWD.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, more than VGWD.DE's 2.49% 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% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.49% | 2.84% | 3.05% | 3.39% | 3.78% | 3.03% | 3.08% | 3.21% | 3.70% | 0.58% | 0.00% | 0.00% |
Frequently Asked Questions
EUNW.DE and VGWD.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGWD.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGWD.DE is cheaper with a 0.29% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE is categorized as European High Yield Bonds, while VGWD.DE is Global Equities. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while VGWD.DE tracks FTSE All-World High Dividend Yield index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for EUNW.DE and 0.29% for VGWD.DE.
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