500G.L vs. EUNH.DE
500G.L (Amundi S&P 500 Swap UCITS ETF USD Acc) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both exchange-traded funds - 500G.L is a S&P 500 fund tracking the S&P 500, while EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, 500G.L returned 16.24%/yr vs 0.65%/yr for EUNH.DE. At a 0.14 correlation, their price movements are largely independent. 500G.L charges 0.15%/yr vs 0.07%/yr for EUNH.DE.
Performance
500G.L vs. EUNH.DE - Performance Comparison
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Different Trading Currencies
500G.L is traded in GBp, while EUNH.DE is traded in EUR. To make them comparable, the EUNH.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 500G.L achieves a 10.57% return, which is significantly higher than EUNH.DE's -0.85% return. Over the past 10 years, 500G.L has outperformed EUNH.DE with an annualized return of 16.24%, while EUNH.DE has yielded a comparatively lower 0.65% annualized return.
500G.L
- 1D
- -0.04%
- 1M
- 5.53%
- YTD
- 10.57%
- 6M
- 10.49%
- 1Y
- 29.21%
- 3Y*
- 19.12%
- 5Y*
- 15.05%
- 10Y*
- 16.24%
EUNH.DE
- 1D
- 0.16%
- 1M
- 0.71%
- YTD
- -0.85%
- 6M
- -0.95%
- 1Y
- 2.59%
- 3Y*
- 2.50%
- 5Y*
- -2.13%
- 10Y*
- 0.65%
500G.L vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
500G.L Amundi S&P 500 Swap UCITS ETF USD Acc | 10.57% | 9.44% | 27.44% | 19.89% | -8.86% | 31.35% | 13.81% | 27.01% | 0.05% | 10.79% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.85% | 6.05% | -2.90% | 4.70% | -13.84% | -10.19% | 10.63% | 1.21% | 2.28% | 4.14% |
Correlation
The correlation between 500G.L and EUNH.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.14 |
The correlation between 500G.L and EUNH.DE shifts across timeframes, from 0.06 (5 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
500G.L vs. EUNH.DE — Risk / Return Rank
500G.L
EUNH.DE
500G.L vs. EUNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Swap UCITS ETF USD Acc (500G.L) and iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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.
| 500G.L | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.08 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 0.57 | +3.51 |
| Martin ratioReturn relative to average drawdown | 15.27 | 1.28 | +13.99 |
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
| 500G.L | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 0.45 | +2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | -0.28 | +1.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | 0.08 | +0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.11 | +0.96 |
Drawdowns
500G.L vs. EUNH.DE - Drawdown Comparison
The maximum 500G.L drawdown since its inception was -25.52%, roughly equal to the maximum EUNH.DE drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for 500G.L and EUNH.DE.
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Drawdown Indicators
| 500G.L | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.52% | -26.66% | +1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -4.53% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -21.12% | -6.20% | -14.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | -20.91% | -0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -25.52% | -26.66% | +1.14% |
Current DrawdownCurrent decline from peak | -0.22% | -18.80% | +18.58% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -9.82% | +6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 2.02% | -0.11% |
Volatility
500G.L vs. EUNH.DE - Volatility Comparison
Amundi S&P 500 Swap UCITS ETF USD Acc (500G.L) has a higher volatility of 2.65% compared to iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) at 1.86%. This indicates that 500G.L's price experiences larger fluctuations and is considered to be riskier than EUNH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 500G.L | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 1.86% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 4.47% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 5.71% | +4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 7.44% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 8.49% | +7.05% |
500G.L vs. EUNH.DE - Expense Ratio Comparison
500G.L has a 0.15% expense ratio, which is higher than EUNH.DE's 0.07% 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
500G.L vs. EUNH.DE - Dividend Comparison
500G.L has not paid dividends to shareholders, while EUNH.DE's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
500G.L Amundi S&P 500 Swap UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
Frequently Asked Questions
500G.L and EUNH.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for 500G.L.
500G.L is categorized as S&P 500, while EUNH.DE is European Government Bonds. 500G.L tracks S&P 500, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for 500G.L and 0.07% for EUNH.DE.
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