VOO vs. EUNL.DE
VOO (Vanguard S&P 500 ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, VOO returned 15.72%/yr vs 13.44%/yr for EUNL.DE. A 0.62 correlation means they provide meaningful diversification when combined. VOO charges 0.03%/yr vs 0.20%/yr for EUNL.DE.
Performance
VOO vs. EUNL.DE - Performance Comparison
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Different Trading Currencies
VOO is traded in USD, while EUNL.DE is traded in EUR. To make them comparable, the EUNL.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VOO achieves a 10.99% return, which is significantly higher than EUNL.DE's 9.70% return. Over the past 10 years, VOO has outperformed EUNL.DE with an annualized return of 15.72%, while EUNL.DE has yielded a comparatively lower 13.44% annualized return.
VOO
- 1D
- 1.74%
- 1M
- 2.12%
- YTD
- 10.99%
- 6M
- 11.51%
- 1Y
- 27.95%
- 3Y*
- 21.25%
- 5Y*
- 13.93%
- 10Y*
- 15.72%
EUNL.DE
- 1D
- 1.34%
- 1M
- 2.36%
- YTD
- 9.70%
- 6M
- 11.02%
- 1Y
- 25.71%
- 3Y*
- 19.48%
- 5Y*
- 11.90%
- 10Y*
- 13.44%
VOO vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 10.99% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 9.70% | 21.82% | 18.73% | 23.92% | -18.35% | 22.26% | 15.78% | 28.57% | -9.59% | 22.94% |
Correlation
The correlation between VOO and EUNL.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.62 |
The correlation between VOO and EUNL.DE shifts across timeframes, from 0.62 (10 years) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VOO vs. EUNL.DE — Risk / Return Rank
VOO
EUNL.DE
VOO vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) 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.
| VOO | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 3.03 | +0.13 |
| Martin ratioReturn relative to average drawdown | 14.25 | 12.73 | +1.52 |
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Drawdowns
VOO vs. EUNL.DE - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, roughly equal to the maximum EUNL.DE drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for VOO and EUNL.DE.
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Drawdown Indicators
| VOO | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -34.10% | +0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -8.45% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -17.99% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -25.82% | +1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -34.10% | +0.11% |
Current DrawdownCurrent decline from peak | -0.63% | -0.35% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -4.67% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.01% | -0.04% |
Volatility
VOO vs. EUNL.DE - Volatility Comparison
Vanguard S&P 500 ETF (VOO) has a higher volatility of 4.61% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 3.54%. This indicates that VOO'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
| VOO | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 3.54% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.72% | 9.11% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 12.01% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 15.60% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 15.94% | +2.11% |
VOO vs. EUNL.DE - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is lower than EUNL.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VOO vs. EUNL.DE - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.03%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.03% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
VOO and EUNL.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VOO is cheaper with a 0.03% expense ratio, compared with 0.20% for EUNL.DE.
VOO is categorized as S&P 500, while EUNL.DE is Global Equities. VOO tracks S&P 500 Index, while EUNL.DE tracks MSCI World Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for VOO and 0.20% for EUNL.DE.
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