VWCE.DE vs. EUN.L
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and EUN.L (iShares STOXX Europe 50 UCITS) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while EUN.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, VWCE.DE returned 12.28%/yr vs 8.32%/yr for EUN.L. A 0.72 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.35%/yr for EUN.L.
Performance
VWCE.DE vs. EUN.L - Performance Comparison
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Different Trading Currencies
VWCE.DE is traded in EUR, while EUN.L is traded in GBp. To make them comparable, the EUN.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VWCE.DE achieves a 12.64% return, which is significantly higher than EUN.L's 6.09% return.
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
EUN.L
- 1D
- 0.75%
- 1M
- 2.49%
- YTD
- 6.09%
- 6M
- 8.28%
- 1Y
- 13.42%
- 3Y*
- 9.20%
- 5Y*
- 8.32%
- 10Y*
- 6.21%
VWCE.DE vs. EUN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
EUN.L iShares STOXX Europe 50 UCITS | 6.10% | 13.96% | 5.07% | 11.90% | -3.67% | 22.39% | -8.69% | 6.15% |
Correlation
The correlation between VWCE.DE and EUN.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.72 |
The correlation between VWCE.DE and EUN.L has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. EUN.L — Risk / Return Rank
VWCE.DE
EUN.L
VWCE.DE vs. EUN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.DE) and iShares STOXX Europe 50 UCITS (EUN.L). 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.
| VWCE.DE | EUN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.19 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 1.38 | +2.64 |
| Martin ratioReturn relative to average drawdown | 16.55 | 4.71 | +11.84 |
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
| VWCE.DE | EUN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 1.03 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.59 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.11 | +0.68 |
Drawdowns
VWCE.DE vs. EUN.L - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum EUN.L drawdown of -59.36%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and EUN.L.
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Drawdown Indicators
| VWCE.DE | EUN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -59.36% | +25.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -9.70% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -16.32% | -4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -16.32% | -4.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.34% | — |
Current DrawdownCurrent decline from peak | -0.66% | -1.68% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -20.15% | +15.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.84% | -1.25% |
Volatility
VWCE.DE vs. EUN.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.06%, while iShares STOXX Europe 50 UCITS (EUN.L) has a volatility of 4.28%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than EUN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWCE.DE | EUN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 4.28% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 10.48% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 12.99% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 14.03% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 15.49% | +0.67% |
VWCE.DE vs. EUN.L - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than EUN.L's 0.35% expense ratio.
Dividends
VWCE.DE vs. EUN.L - Dividend Comparison
VWCE.DE has not paid dividends to shareholders, while EUN.L's dividend yield for the trailing twelve months is around 0.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN.L iShares STOXX Europe 50 UCITS | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VWCE.DE and EUN.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.35% for EUN.L.
VWCE.DE is categorized as Global Equities, while EUN.L is Europe Equities. VWCE.DE tracks FTSE All-World Index, while EUN.L tracks MSCI Europe NR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWCE.DE and 0.35% for EUN.L.
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