MVEE.DE vs. EUNL.DE
MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - MVEE.DE is a Europe Equities fund tracking the MSCI Europe NR EUR, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, MVEE.DE returned 6.16%/yr vs 12.89%/yr for EUNL.DE. A 0.72 correlation means they provide meaningful diversification when combined. MVEE.DE charges 0.25%/yr vs 0.20%/yr for EUNL.DE.
Performance
MVEE.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEE.DE achieves a 5.59% return, which is significantly lower than EUNL.DE's 10.86% return.
MVEE.DE
- 1D
- 0.56%
- 1M
- 0.01%
- YTD
- 5.59%
- 6M
- 7.14%
- 1Y
- 5.59%
- 3Y*
- 8.72%
- 5Y*
- 6.16%
- 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%
MVEE.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 5.59% | 8.72% | 8.82% | 12.50% | -15.12% | 23.93% | 14.18% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 22.14% |
Correlation
The correlation between MVEE.DE and EUNL.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.72 |
The correlation between MVEE.DE and EUNL.DE shifts across timeframes, from 0.58 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MVEE.DE vs. EUNL.DE — Risk / Return Rank
MVEE.DE
EUNL.DE
MVEE.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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.
| MVEE.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 3.64 | -2.94 |
| Martin ratioReturn relative to average drawdown | 1.87 | 14.52 | -12.64 |
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
| MVEE.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.12 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.90 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.82 | -0.11 |
Drawdowns
MVEE.DE vs. EUNL.DE - Drawdown Comparison
The maximum MVEE.DE drawdown since its inception was -20.20%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for MVEE.DE and EUNL.DE.
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Drawdown Indicators
| MVEE.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -33.63% | +13.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.73% | -6.50% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -21.73% | +9.60% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -21.73% | +1.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -2.23% | -0.31% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -4.25% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 1.64% | +1.28% |
Volatility
MVEE.DE vs. EUNL.DE - Volatility Comparison
iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) has a higher volatility of 3.51% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that MVEE.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
| MVEE.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 2.62% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 7.72% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 11.16% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.11% | 14.17% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.45% | 15.17% | -2.72% |
MVEE.DE vs. EUNL.DE - Expense Ratio Comparison
MVEE.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
MVEE.DE vs. EUNL.DE - Dividend Comparison
Neither MVEE.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEE.DE and EUNL.DE have a correlation of 0.58, 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 MVEE.DE.
MVEE.DE is categorized as Europe Equities, while EUNL.DE is Global Equities. MVEE.DE tracks MSCI Europe NR EUR, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.25% for MVEE.DE and 0.20% for EUNL.DE.
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