MVEA.DE vs. EUNL.DE
MVEA.DE (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - MVEA.DE is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, MVEA.DE returned 6.87%/yr vs 12.89%/yr for EUNL.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
MVEA.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEA.DE achieves a 2.43% return, which is significantly lower than EUNL.DE's 10.86% return.
MVEA.DE
- 1D
- -0.13%
- 1M
- 3.15%
- YTD
- 2.43%
- 6M
- 2.17%
- 1Y
- 1.20%
- 3Y*
- 6.69%
- 5Y*
- 6.87%
- 10Y*
- —
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
MVEA.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEA.DE iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF | 2.43% | -7.09% | 19.73% | 8.74% | -6.83% | 34.90% | 5.86% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 20.51% |
Correlation
The correlation between MVEA.DE and EUNL.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.77 |
Over the past year, the correlation between MVEA.DE and EUNL.DE has dropped to 0.48 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
MVEA.DE vs. EUNL.DE — Risk / Return Rank
MVEA.DE
EUNL.DE
MVEA.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.
| MVEA.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.40 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 3.64 | -3.47 |
| Martin ratioReturn relative to average drawdown | 0.35 | 14.52 | -14.17 |
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
| MVEA.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 2.12 | -2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.90 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.82 | -0.16 |
Drawdowns
MVEA.DE vs. EUNL.DE - Drawdown Comparison
The maximum MVEA.DE drawdown since its inception was -17.47%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for MVEA.DE and EUNL.DE.
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Drawdown Indicators
| MVEA.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.47% | -33.63% | +16.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.92% | -6.50% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -21.73% | +4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -21.73% | +4.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -10.27% | -0.31% | -9.96% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -4.25% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.64% | +0.75% |
Volatility
MVEA.DE vs. EUNL.DE - Volatility Comparison
iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) have volatilities of 2.72% and 2.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVEA.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.62% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 5.90% | 7.72% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 11.16% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.27% | 14.17% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.79% | 15.17% | -2.38% |
MVEA.DE vs. EUNL.DE - Expense Ratio Comparison
Both MVEA.DE and EUNL.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
MVEA.DE vs. EUNL.DE - Dividend Comparison
Neither MVEA.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEA.DE and EUNL.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MVEA.DE and EUNL.DE have the same expense ratio: 0.20% per year.
MVEA.DE is categorized as Large Cap Blend Equities, while EUNL.DE is Global Equities. MVEA.DE tracks Russell 1000 TR USD, while EUNL.DE tracks MSCI World Index.
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