36BD.DE vs. EUNA.DE
36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - 36BD.DE is a Government Bonds fund tracking the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, 36BD.DE returned 1.94%/yr vs -1.29%/yr for EUNA.DE. At a 0.12 correlation, their price movements are largely independent. 36BD.DE charges 0.15%/yr vs 0.10%/yr for EUNA.DE.
Performance
36BD.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BD.DE achieves a 1.33% return, which is significantly higher than EUNA.DE's -0.46% return.
36BD.DE
- 1D
- 0.05%
- 1M
- 0.81%
- YTD
- 1.33%
- 6M
- 0.62%
- 1Y
- 2.03%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
EUNA.DE
- 1D
- 0.22%
- 1M
- -0.12%
- YTD
- -0.46%
- 6M
- -0.07%
- 1Y
- 1.32%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
36BD.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | 0.14% |
Correlation
The correlation between 36BD.DE and EUNA.DE is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.12 |
The correlation between 36BD.DE and EUNA.DE shifts across timeframes, from -0.12 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
36BD.DE vs. EUNA.DE — Risk / Return Rank
36BD.DE
EUNA.DE
36BD.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) and iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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.
| 36BD.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.43 | +0.04 |
| Martin ratioReturn relative to average drawdown | 1.13 | 1.18 | -0.06 |
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
| 36BD.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.34 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | -0.28 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | -0.05 | +0.24 |
Drawdowns
36BD.DE vs. EUNA.DE - Drawdown Comparison
The maximum 36BD.DE drawdown since its inception was -11.97%, smaller than the maximum EUNA.DE drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for 36BD.DE and EUNA.DE.
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Drawdown Indicators
| 36BD.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -17.79% | +5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -2.75% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -4.02% | -6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -17.03% | +5.06% |
Current DrawdownCurrent decline from peak | -6.13% | -8.66% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -6.76% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 0.99% | +0.56% |
Volatility
36BD.DE vs. EUNA.DE - Volatility Comparison
The current volatility for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) is 0.74%, while iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) has a volatility of 1.35%. This indicates that 36BD.DE experiences smaller price fluctuations and is considered to be less risky than EUNA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BD.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.35% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 2.82% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 3.46% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 4.64% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 4.27% | +2.89% |
36BD.DE vs. EUNA.DE - Expense Ratio Comparison
36BD.DE has a 0.15% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36BD.DE vs. EUNA.DE - Dividend Comparison
Neither 36BD.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
36BD.DE and EUNA.DE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for 36BD.DE.
36BD.DE is categorized as Government Bonds, while EUNA.DE is Global Bonds. 36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.15% for 36BD.DE and 0.10% for EUNA.DE.
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