OriginaveEUNL (IWDA) vs SXRV (CNDX): which ETF won each year?
Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.
Every figure here is in euros — what you'd actually pocket buying on Xetra. Fund fact sheets usually headline returns in US dollars, which can look very different: in 2025 a world tracker rose about 23% in dollars but only about 9% in euros, because the euro gained roughly 13% against the dollar. Here's the full story, year by year.
EUNLtracks the MSCI World Index
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
SXRVtracks the Nasdaq-100 Index
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
- VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
- WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index
- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
EUNL tracks the MSCI World IndexSXRV tracks the Nasdaq-100 Index
What did the last 10 years do to €10,000?
You invest €10,000 at the start of the window and touch nothing — dividends reinvested, the running year not counted.
EUNL vs SXRV, year by year
Calendar-year total returns (dividends included) side by side, and who took the crown each year. A dash means the fund did not exist yet.
| Year | EUNL | SXRV | Winner |
|---|---|---|---|
| 2026 (so far) | +11.86% | +21.95% | SXRV |
| 2025 | +7.90% | +6.79% | EUNL |
| 2024 | +25.93% | +33.55% | SXRV |
| 2023 | +20.13% | +51.19% | SXRV |
| 2022 | -13.59% | -30.05% | EUNL |
| 2021 | +32.71% | +39.34% | SXRV |
| 2020 | +5.48% | +34.48% | SXRV |
| 2019 | +31.34% | +42.90% | SXRV |
| 2018 | -5.13% | +3.03% | SXRV |
| 2017 | +7.71% | +15.81% | SXRV |
| 2016 | +10.91% | +9.96% | EUNL |
| 2015 | +10.81% | +21.87% | SXRV |
| 2014 | +20.38% | +37.26% | SXRV |
| 2013 | +21.89% | +32.30% | SXRV |
| 2012 | +12.45% | +13.01% | SXRV |
| 2011 | -3.26% | +5.73% | SXRV |
| 2010 | +19.38% | -9.35% | EUNL |
| 2009 | +4.65% | — | — |
EUNL vs SXRV in plain words
EUNL tracks the MSCI World Index while SXRV follows the Nasdaq-100 Index, so they own different slices of the market and their years can look very different. EUNL charges 0.20% a year in running costs and SXRV charges 0.30% — EUNL is the cheaper fund to hold.
Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout. Across the 17 calendar years both funds were trading, EUNL finished the year ahead 4 times and SXRV 13 times. €10,000 invested at the start of 2016 was worth €29,391 in EUNL versus €52,983 in SXRV by the end of 2025, dividends reinvested.
IWDA (London/Amsterdam, USD) and SWDA (London, GBP) are listings of the same fund, ISIN IE00B4L5Y983 — EUNL is its EUR line on Xetra.
CNDX is the London/Amsterdam listing of the same fund, ISIN IE00B53SZB19 — SXRV is its EUR line on Xetra.
Fund facts: EUNL vs SXRV
| Fact | EUNL | SXRV |
|---|---|---|
| Fund | iShares Core MSCI World UCITS ETF (Acc) | iShares Nasdaq 100 UCITS ETF (Acc) |
| Tracks | MSCI World Index | Nasdaq-100 Index |
| Yearly cost (TER) | 0.20% | 0.30% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 25 Sept 2009 | 26 Jan 2010 |
| ISIN | IE00B4L5Y983 | IE00B53SZB19 |
| WKN | A0RPWH | A0YEDL |
| Also trades as | IWDA | CNDX |
Frequently asked
Is EUNL or SXRV better?
Across the 17 calendar years both funds were trading, EUNL finished the year ahead 4 times and SXRV 13 times. €10,000 invested at the start of 2016 was worth €29,391 in EUNL versus €52,983 in SXRV by the end of 2025, dividends reinvested. Past returns don't promise future ones — but this is what actually happened.
What is the difference between EUNL and SXRV?
EUNL tracks the MSCI World Index while SXRV follows the Nasdaq-100 Index, so they own different slices of the market and their years can look very different. EUNL charges 0.20% a year in running costs and SXRV charges 0.30% — EUNL is the cheaper fund to hold. Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout.
What would €10,000 in EUNL have become?
€10,000 invested in EUNL at the start of 2016 grew to €29,391 by the end of 2025, with dividends reinvested — an average of 11.4% per year.
Is IWDA the same as EUNL?
IWDA (London/Amsterdam, USD) and SWDA (London, GBP) are listings of the same fund, ISIN IE00B4L5Y983 — EUNL is its EUR line on Xetra.
Is CNDX the same as SXRV?
CNDX is the London/Amsterdam listing of the same fund, ISIN IE00B53SZB19 — SXRV is its EUR line on Xetra.
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