IWLE.DE vs. EUNA.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IWLE.DE is a Global Equities fund tracking the MSCI World Net TR Index, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, IWLE.DE returned 10.03%/yr vs -1.17%/yr for EUNA.DE. At a 0.08 correlation, their price movements are largely independent. IWLE.DE charges 0.30%/yr vs 0.10%/yr for EUNA.DE.
Performance
IWLE.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
EUNA.DE
- 1D
- 0.00%
- 1M
- 0.81%
- YTD
- -0.00%
- 6M
- 0.41%
- 1Y
- 1.23%
- 3Y*
- 2.33%
- 5Y*
- -1.17%
- 10Y*
- —
IWLE.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 23.89% | 11.68% | 12.14% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.00% | 2.91% | 1.48% | 4.41% | -13.52% | -2.42% | 3.86% | 1.57% |
Correlation
The correlation between IWLE.DE and EUNA.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.08 |
Over the past year, IWLE.DE and EUNA.DE have become more correlated (0.31) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
IWLE.DE vs. EUNA.DE — Risk / Return Rank
IWLE.DE
EUNA.DE
IWLE.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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.
| IWLE.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.06 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 0.44 | +2.13 |
| Martin ratioReturn relative to average drawdown | 11.25 | 1.18 | +10.07 |
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Drawdowns
IWLE.DE vs. EUNA.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, which is greater than EUNA.DE's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and EUNA.DE.
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Drawdown Indicators
| IWLE.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -17.81% | -14.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -2.80% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -4.11% | -13.49% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -17.04% | -6.45% |
Current DrawdownCurrent decline from peak | -1.77% | -8.16% | +6.39% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -6.71% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.03% | +0.81% |
Volatility
IWLE.DE vs. EUNA.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) has a higher volatility of 4.07% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 0.94%. This indicates that IWLE.DE's price experiences larger fluctuations and is considered to be riskier than EUNA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWLE.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 0.94% | +3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 2.93% | +6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 3.72% | +8.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 4.84% | +10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 4.44% | +12.32% |
IWLE.DE vs. EUNA.DE - Expense Ratio Comparison
IWLE.DE has a 0.30% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
IWLE.DE vs. EUNA.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while EUNA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
Frequently Asked Questions
IWLE.DE and EUNA.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for IWLE.DE.
IWLE.DE is categorized as Global Equities, while EUNA.DE is Global Bonds. IWLE.DE tracks MSCI World Net TR Index, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.30% for IWLE.DE and 0.10% for EUNA.DE.
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