10AM.DE vs. EUN3.DE
10AM.DE (AMUNDI GLOBAL AGGREGATE BOND UCITS ETF Dist) and EUN3.DE (iShares Global Government Bond UCITS ETF USD (Dist)) are both Global Bonds funds - 10AM.DE tracks the Bloomberg Global Aggregate Bond while EUN3.DE tracks the FTSE G7 Government Bond. Both are passively managed. Over the past 5 years, 10AM.DE returned -0.92%/yr vs -2.76%/yr for EUN3.DE. A 0.78 correlation means they provide meaningful diversification when combined. 10AM.DE charges 0.10%/yr vs 0.20%/yr for EUN3.DE.
Performance
10AM.DE vs. EUN3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 10AM.DE achieves a 1.19% return, which is significantly higher than EUN3.DE's -1.67% return.
10AM.DE
- 1D
- 0.00%
- 1M
- 0.76%
- YTD
- 1.19%
- 6M
- 0.72%
- 1Y
- 0.51%
- 3Y*
- 0.46%
- 5Y*
- -0.92%
- 10Y*
- —
EUN3.DE
- 1D
- 0.03%
- 1M
- 0.52%
- YTD
- -1.67%
- 6M
- -2.37%
- 1Y
- -3.32%
- 3Y*
- -1.80%
- 5Y*
- -2.76%
- 10Y*
- -1.20%
10AM.DE vs. EUN3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
10AM.DE AMUNDI GLOBAL AGGREGATE BOND UCITS ETF Dist | 1.19% | -4.14% | 4.16% | 1.34% | -10.85% | 2.97% | -0.22% | 9.08% | 4.71% |
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | -1.67% | -5.37% | 2.25% | 0.44% | -12.65% | 1.09% | -0.23% | 8.23% | 5.42% |
Correlation
The correlation between 10AM.DE and EUN3.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018 | 0.78 |
The correlation between 10AM.DE and EUN3.DE shifts across timeframes, from 0.78 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
10AM.DE vs. EUN3.DE — Risk / Return Rank
10AM.DE
EUN3.DE
10AM.DE vs. EUN3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMUNDI GLOBAL AGGREGATE BOND UCITS ETF Dist (10AM.DE) and iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.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.
| 10AM.DE | EUN3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.88 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | -0.70 | +0.92 |
| Martin ratioReturn relative to average drawdown | 0.47 | -1.37 | +1.84 |
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
| 10AM.DE | EUN3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | -0.74 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.40 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.17 | -0.01 |
Drawdowns
10AM.DE vs. EUN3.DE - Drawdown Comparison
The maximum 10AM.DE drawdown since its inception was -15.83%, smaller than the maximum EUN3.DE drawdown of -22.74%. Use the drawdown chart below to compare losses from any high point for 10AM.DE and EUN3.DE.
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Drawdown Indicators
| 10AM.DE | EUN3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.83% | -22.74% | +6.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -4.71% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -7.63% | -10.14% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -14.80% | -18.98% | +4.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.74% | — |
Current DrawdownCurrent decline from peak | -11.01% | -21.83% | +10.82% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -9.52% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 2.42% | -1.34% |
Volatility
10AM.DE vs. EUN3.DE - Volatility Comparison
The current volatility for AMUNDI GLOBAL AGGREGATE BOND UCITS ETF Dist (10AM.DE) is 0.87%, while iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) has a volatility of 1.12%. This indicates that 10AM.DE experiences smaller price fluctuations and is considered to be less risky than EUN3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 10AM.DE | EUN3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 1.12% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 3.34% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 4.44% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 6.83% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 6.23% | -0.86% |
10AM.DE vs. EUN3.DE - Expense Ratio Comparison
10AM.DE has a 0.10% expense ratio, which is lower than EUN3.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
10AM.DE vs. EUN3.DE - Dividend Comparison
10AM.DE's dividend yield for the trailing twelve months is around 2.98%, more than EUN3.DE's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
10AM.DE AMUNDI GLOBAL AGGREGATE BOND UCITS ETF Dist | 2.98% | 3.02% | 2.83% | 2.63% | 2.09% | 1.72% | 1.87% | 2.05% | 2.27% | 0.00% | 0.00% | 0.00% |
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | 1.50% | 3.09% | 2.40% | 1.47% | 0.79% | 0.60% | 1.08% | 1.20% | 1.04% | 1.01% | 1.04% | 0.59% |
Frequently Asked Questions
10AM.DE and EUN3.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 10AM.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
10AM.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for EUN3.DE.
10AM.DE tracks Bloomberg Global Aggregate Bond, while EUN3.DE tracks FTSE G7 Government Bond. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for 10AM.DE and 0.20% for EUN3.DE.
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