MAGR.DE vs. EUNL.DE
MAGR.DE (iShares Growth Portfolio UCITS ETF EUR (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - MAGR.DE is a Global Allocation fund actively managed by iShares, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. MAGR.DE is actively managed, while EUNL.DE is passively managed. Over the past 5 years, MAGR.DE returned 7.31%/yr vs 12.27%/yr for EUNL.DE. Their correlation of 0.87 suggests significant overlap in exposure. MAGR.DE charges 0.25%/yr vs 0.20%/yr for EUNL.DE.
Performance
MAGR.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MAGR.DE having a 12.86% return and EUNL.DE slightly lower at 12.51%.
MAGR.DE
- 1D
- 0.83%
- 1M
- 0.35%
- 6M
- 13.16%
- YTD
- 12.86%
- 1Y
- 22.62%
- 3Y*
- 14.70%
- 5Y*
- 7.31%
- 10Y*
- —
EUNL.DE
- 1D
- 0.37%
- 1M
- 1.51%
- 6M
- 12.63%
- YTD
- 12.51%
- 1Y
- 24.23%
- 3Y*
- 17.52%
- 5Y*
- 12.27%
- 10Y*
- 13.01%
MAGR.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MAGR.DE iShares Growth Portfolio UCITS ETF EUR (Acc) | 12.86% | 10.23% | 16.33% | 12.00% | -18.48% | 17.95% | 7.91% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 12.51% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 8.47% |
Correlation
The correlation between MAGR.DE and EUNL.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.87 |
The correlation between MAGR.DE and EUNL.DE has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
MAGR.DE vs. EUNL.DE — Risk / Return Rank
MAGR.DE
EUNL.DE
MAGR.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Growth Portfolio UCITS ETF EUR (Acc) (MAGR.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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.
| MAGR.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.88 | -0.90 |
| Martin ratioReturn relative to average drawdown | 12.47 | 15.65 | -3.18 |
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Drawdowns
MAGR.DE vs. EUNL.DE - Drawdown Comparison
The maximum MAGR.DE drawdown since its inception was -21.40%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for MAGR.DE and EUNL.DE.
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Drawdown Indicators
| MAGR.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.40% | -33.63% | +12.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -6.22% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | -21.73% | +4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -21.73% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -0.70% | -0.10% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -6.20% | -4.21% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.54% | +0.27% |
Volatility
MAGR.DE vs. EUNL.DE - Volatility Comparison
iShares Growth Portfolio UCITS ETF EUR (Acc) (MAGR.DE) has a higher volatility of 4.32% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 3.21%. This indicates that MAGR.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAGR.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 3.21% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 7.97% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 11.33% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.42% | 14.19% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.24% | 15.11% | -2.87% |
MAGR.DE vs. EUNL.DE - Expense Ratio Comparison
MAGR.DE has a 0.25% expense ratio, which is higher than EUNL.DE's 0.20% 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
MAGR.DE vs. EUNL.DE - Dividend Comparison
Neither MAGR.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
MAGR.DE and EUNL.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for MAGR.DE.
MAGR.DE is categorized as Global Allocation, while EUNL.DE is Global Equities. Their fees differ too: 0.25% for MAGR.DE and 0.20% for EUNL.DE.
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