IWDA.AS vs. EUNK.DE
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both exchange-traded funds - IWDA.AS is a Global Equities fund tracking the MSCI World Index, while EUNK.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, IWDA.AS returned 13.10%/yr vs 9.91%/yr for EUNK.DE. Their correlation of 0.80 suggests significant overlap in exposure. IWDA.AS charges 0.20%/yr vs 0.12%/yr for EUNK.DE.
Performance
IWDA.AS vs. EUNK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWDA.AS achieves a 11.31% return, which is significantly higher than EUNK.DE's 9.43% return. Over the past 10 years, IWDA.AS has outperformed EUNK.DE with an annualized return of 13.10%, while EUNK.DE has yielded a comparatively lower 9.91% annualized return.
IWDA.AS
- 1D
- -0.08%
- 1M
- 2.60%
- YTD
- 11.31%
- 6M
- 13.13%
- 1Y
- 24.64%
- 3Y*
- 17.15%
- 5Y*
- 12.43%
- 10Y*
- 13.10%
EUNK.DE
- 1D
- 0.29%
- 1M
- 5.62%
- YTD
- 9.43%
- 6M
- 11.71%
- 1Y
- 19.31%
- 3Y*
- 13.84%
- 5Y*
- 10.02%
- 10Y*
- 9.91%
IWDA.AS vs. EUNK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.31% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 9.43% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -10.93% | 10.51% |
Correlation
The correlation between IWDA.AS and EUNK.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.80 |
The correlation between IWDA.AS and EUNK.DE has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.
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Return for Risk
IWDA.AS vs. EUNK.DE — Risk / Return Rank
IWDA.AS
EUNK.DE
IWDA.AS vs. EUNK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.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.
| IWDA.AS | EUNK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 2.02 | +1.75 |
| Martin ratioReturn relative to average drawdown | 14.95 | 7.69 | +7.26 |
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Drawdowns
IWDA.AS vs. EUNK.DE - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, smaller than the maximum EUNK.DE drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and EUNK.DE.
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Drawdown Indicators
| IWDA.AS | EUNK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -35.44% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -9.52% | +3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -16.58% | -5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -19.45% | -2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -35.44% | +1.81% |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -5.30% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.50% | -0.87% |
Volatility
IWDA.AS vs. EUNK.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) is 3.07%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) has a volatility of 3.64%. This indicates that IWDA.AS experiences smaller price fluctuations and is considered to be less risky than EUNK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDA.AS | EUNK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.64% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 10.77% | -2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 12.96% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 14.22% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 15.44% | -0.43% |
IWDA.AS vs. EUNK.DE - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is higher than EUNK.DE's 0.12% 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
IWDA.AS vs. EUNK.DE - Dividend Comparison
Neither IWDA.AS nor EUNK.DE has paid dividends to shareholders.
Frequently Asked Questions
IWDA.AS and EUNK.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNK.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNK.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IWDA.AS.
IWDA.AS is categorized as Global Equities, while EUNK.DE is Europe Equities. IWDA.AS tracks MSCI World Index, while EUNK.DE tracks MSCI Europe. Their fees differ too: 0.20% for IWDA.AS and 0.12% for EUNK.DE.
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