3SUD.DE vs. EUNA.DE
3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - 3SUD.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core (EUR Hedged), 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, 3SUD.DE returned -0.28%/yr vs -1.29%/yr for EUNA.DE. A 0.54 correlation means they provide meaningful diversification when combined. 3SUD.DE charges 0.50%/yr vs 0.10%/yr for EUNA.DE.
Performance
3SUD.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3SUD.DE achieves a 0.90% return, which is significantly higher than EUNA.DE's -0.46% return.
3SUD.DE
- 1D
- 0.21%
- 1M
- -0.03%
- YTD
- 0.90%
- 6M
- 1.33%
- 1Y
- 9.11%
- 3Y*
- 7.55%
- 5Y*
- -0.28%
- 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*
- —
3SUD.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.90% | 11.55% | 3.78% | 7.69% | -20.75% | -3.48% | 3.15% | 6.67% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 2.82% |
Correlation
The correlation between 3SUD.DE and EUNA.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.54 |
Over the past year, 3SUD.DE and EUNA.DE have become more correlated (0.74) than their long-term average of 0.54, meaning their price movements have been converging.
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Return for Risk
3SUD.DE vs. EUNA.DE — Risk / Return Rank
3SUD.DE
EUNA.DE
3SUD.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.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.
| 3SUD.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.06 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 0.43 | +1.51 |
| Martin ratioReturn relative to average drawdown | 7.66 | 1.18 | +6.48 |
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
| 3SUD.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.34 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | -0.28 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | -0.05 | +0.13 |
Drawdowns
3SUD.DE vs. EUNA.DE - Drawdown Comparison
The maximum 3SUD.DE drawdown since its inception was -30.78%, which is greater than EUNA.DE's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for 3SUD.DE and EUNA.DE.
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Drawdown Indicators
| 3SUD.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -17.79% | -12.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -2.75% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -4.02% | -3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -30.57% | -17.03% | -13.54% |
Current DrawdownCurrent decline from peak | -3.78% | -8.66% | +4.88% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -6.76% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.99% | +0.18% |
Volatility
3SUD.DE vs. EUNA.DE - Volatility Comparison
iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) has a higher volatility of 1.89% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that 3SUD.DE's price experiences larger fluctuations and is considered to be riskier 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
| 3SUD.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.35% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 2.82% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 3.46% | +1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 4.64% | +4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.44% | 4.27% | +6.17% |
3SUD.DE vs. EUNA.DE - Expense Ratio Comparison
3SUD.DE has a 0.50% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
3SUD.DE vs. EUNA.DE - Dividend Comparison
Neither 3SUD.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
3SUD.DE and EUNA.DE have a correlation of 0.74, 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 0.50% for 3SUD.DE.
3SUD.DE is categorized as Emerging Markets Bonds, while EUNA.DE is Global Bonds. 3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.50% for 3SUD.DE and 0.10% for EUNA.DE.
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