IWRD.AS vs. EUNA.AS

Last updated Jun 26, 2026

IWRD.AS (iShares MSCI World UCITS ETF) and EUNA.AS (iShares STOXX Europe 50 UCITS ETF) are both exchange-traded funds - IWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while EUNA.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. IWRD.AS charges 0.50%/yr vs 0.35%/yr for EUNA.AS.

Performance

IWRD.AS vs. EUNA.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World UCITS ETF (IWRD.AS) and iShares STOXX Europe 50 UCITS ETF (EUNA.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IWRD.AS

• 1D: -0.60%
• 1M: 0.62%
• YTD: 10.98%
• 6M: 11.03%
• 1Y: 24.20%
• 3Y*: 17.58%
• 5Y*: 11.93%
• 10Y*: 12.94%

EUNA.AS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWRD.AS vs. EUNA.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWRD.AS iShares MSCI World UCITS ETF	10.98%	6.83%	26.78%	19.67%	-13.84%	32.03%	5.90%	29.12%	-4.38%	7.48%
EUNA.AS iShares STOXX Europe 50 UCITS ETF	0.00%	12.22%	8.00%	15.11%	-2.25%	26.64%	-6.34%	26.46%	-9.51%	9.05%

Correlation

The correlation between IWRD.AS and EUNA.AS 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	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.82

Over the past year, the correlation between IWRD.AS and EUNA.AS has dropped to 0.36 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

IWRD.AS vs. EUNA.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWRD.AS

IWRD.AS Risk / Return Rank: 78
IWRD.AS Sharpe Ratio Rank: 76
IWRD.AS Sortino Ratio Rank: 77
IWRD.AS Omega Ratio Rank: 78
IWRD.AS Calmar Ratio Rank: 79
IWRD.AS Martin Ratio Rank: 81

EUNA.AS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWRD.AS vs. EUNA.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS ETF (IWRD.AS) and iShares STOXX Europe 50 UCITS ETF (EUNA.AS). 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.

	IWRD.AS	EUNA.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.12	—	—
Sortino ratio: Return per unit of downside risk	2.98	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.57	—	—
Martin ratio: Return relative to average drawdown	14.05	—	—

Drawdowns

Drawdown Indicators

	IWRD.AS	EUNA.AS	Difference
Max Drawdown Largest peak-to-trough decline	-64.03%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.72%	—	—
Current Drawdown Current decline from peak	-0.80%	—	—
Average Drawdown Average peak-to-trough decline	-13.78%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	—	—

Volatility

Volatility by Period

	IWRD.AS	EUNA.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.26%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.18%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.15%	—	—

IWRD.AS vs. EUNA.AS - Expense Ratio Comparison

IWRD.AS has a 0.50% expense ratio, which is higher than EUNA.AS's 0.35% expense ratio.

Dividends

IWRD.AS vs. EUNA.AS - Dividend Comparison

IWRD.AS's dividend yield for the trailing twelve months is around 0.88%, less than EUNA.AS's 1.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUNA.AS iShares STOXX Europe 50 UCITS ETF	1.21%	2.52%	2.61%	2.56%	2.62%	2.22%	2.42%	2.96%	3.51%	3.24%	3.29%	3.05%
IWRD.AS iShares MSCI World UCITS ETF	0.88%	0.95%	1.04%	1.33%	1.49%	1.01%	1.21%	1.62%	1.84%	1.67%	1.70%	1.80%

Frequently Asked Questions

Can I hold both IWRD.AS and EUNA.AS in my portfolio?

IWRD.AS and EUNA.AS 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.

Which ETF is better, IWRD.AS or EUNA.AS?

On fees, EUNA.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWRD.AS or EUNA.AS?

EUNA.AS is cheaper with a 0.35% expense ratio, compared with 0.50% for IWRD.AS.

What is the main difference between IWRD.AS and EUNA.AS?

IWRD.AS is categorized as Global Equities, while EUNA.AS is Europe Equities. IWRD.AS tracks MSCI ACWI NR USD, while EUNA.AS tracks MSCI Europe NR EUR. Their fees differ too: 0.50% for IWRD.AS and 0.35% for EUNA.AS.