VUSA.MI vs. EUNL.DE
VUSA.MI (Vanguard S&P 500 UCITS ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - VUSA.MI 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 5 years, VUSA.MI returned 13.49%/yr vs 12.07%/yr for EUNL.DE. Their correlation of 0.95 suggests significant overlap in exposure. VUSA.MI charges 0.07%/yr vs 0.20%/yr for EUNL.DE.
Performance
VUSA.MI vs. EUNL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VUSA.MI having a 11.76% return and EUNL.DE slightly lower at 11.72%.
VUSA.MI
- 1D
- -1.20%
- 1M
- 0.82%
- 6M
- 9.53%
- YTD
- 11.76%
- 1Y
- 21.62%
- 3Y*
- 18.66%
- 5Y*
- 13.49%
- 10Y*
- —
EUNL.DE
- 1D
- -1.09%
- 1M
- 0.54%
- 6M
- 8.96%
- YTD
- 11.72%
- 1Y
- 21.76%
- 3Y*
- 17.57%
- 5Y*
- 12.07%
- 10Y*
- 12.46%
VUSA.MI vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VUSA.MI Vanguard S&P 500 UCITS ETF | 11.76% | 4.38% | 33.56% | 22.33% | -14.75% | 40.98% | 7.47% | 25.81% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 11.72% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 24.53% |
Correlation
The correlation between VUSA.MI and EUNL.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2019 | 0.95 |
The correlation between VUSA.MI and EUNL.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
VUSA.MI vs. EUNL.DE — Risk / Return Rank
VUSA.MI
EUNL.DE
VUSA.MI vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (VUSA.MI) 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.
| VUSA.MI | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.48 | -0.46 |
| Martin ratioReturn relative to average drawdown | 10.57 | 14.04 | -3.47 |
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Drawdowns
VUSA.MI vs. EUNL.DE - Drawdown Comparison
The maximum VUSA.MI drawdown since its inception was -33.67%, roughly equal to the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for VUSA.MI and EUNL.DE.
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Drawdown Indicators
| VUSA.MI | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -33.63% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -6.22% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -23.11% | -21.73% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -23.11% | -21.73% | -1.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -1.35% | -1.16% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -4.20% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.55% | +0.50% |
Volatility
VUSA.MI vs. EUNL.DE - Volatility Comparison
Vanguard S&P 500 UCITS ETF (VUSA.MI) has a higher volatility of 3.06% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.70%. This indicates that VUSA.MI'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
| VUSA.MI | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.70% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 7.96% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.71% | 11.28% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 14.18% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 15.11% | +1.75% |
VUSA.MI vs. EUNL.DE - Expense Ratio Comparison
VUSA.MI has a 0.07% 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
VUSA.MI vs. EUNL.DE - Dividend Comparison
VUSA.MI's dividend yield for the trailing twelve months is around 0.87%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VUSA.MI Vanguard S&P 500 UCITS ETF | 0.87% | 0.97% | 0.99% | 1.26% | 1.45% | 1.02% | 1.43% | 1.46% |
Frequently Asked Questions
With a correlation of 0.93, VUSA.MI and EUNL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VUSA.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSA.MI is cheaper with a 0.07% expense ratio, compared with 0.20% for EUNL.DE.
VUSA.MI is categorized as S&P 500, while EUNL.DE is Global Equities. VUSA.MI 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: 0.07% for VUSA.MI and 0.20% for EUNL.DE.
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