iShares Core MSCI World UCITS ETF USD (Acc)

EUNL is almost exclusively paired with other equity ETFs, with bonds, precious metals, and cash playing a secondary stabilizing role. Across the top portfolios, equity allocations alongside EUNL range from 20% to 61%, with common partners including emerging market funds like IS3N, EMIM, and VFEA, as well as US large-cap funds such as SXR8, SPYI, and SPYY. Bonds appear in roughly half the portfolios, typically in the 10% to 40% range, using instruments like FR001400KAV4, AGGH, AFRN, and IEAA, while gold (PPFB, XGDU, 4GLD) and money market funds (XEON, CSH) are smaller diversifiers at 5% to 17%. The higher-Sharpe portfolios tend to keep EUNL between 35% and 45% and pair it with meaningful bond and gold exposure, while the lower-Sharpe, higher-volatility ones push EUNL to 50% to 61% with minimal non-equity holdings.

EuroFolio members use EUNL as the core global equity engine, then differentiate by how aggressively they tilt toward growth or defense. The best risk-adjusted results come from moderate EUNL weightings, as seen in "60 - 40" (40% EUNL, Sharpe 1.59) and "Geopolitique orientation" (35% EUNL, Sharpe 1.44), both of which blend in thematic equity bets like defense (DFEN) or robotics and keep volatility below 14%. In contrast, the "Global" and "Trajan 2605" portfolios hold EUNL at 50% to 57% with heavy US and single-stock exposure (TSLA), producing Sharpe ratios around 1.00 and drawdowns above 24%. The two "Пенсия" and "Дети" portfolios from user-vq94ei show a conservative pattern, using 60% EUNL with 33% to 34% bonds and 6% to 7% gold, achieving Sharpe ratios near 1.0 with modest volatility, suggesting that even at higher EUNL weights, disciplined non-equity diversification keeps risk in check.