CBUE.DE vs. EUNK.DE
CBUE.DE (iShares $ Treasury Bond 3-7yr UCITS ETF EUR Hedged Dist) and EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both exchange-traded funds - CBUE.DE is a Intermediate Core Bond fund tracking the ICE U.S. Treasury 3-7 Year Bond Index, while EUNK.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 5 years, CBUE.DE returned -1.71%/yr vs 10.46%/yr for EUNK.DE. At a correlation of -0.03, they often move in opposite directions. CBUE.DE charges 0.10%/yr vs 0.12%/yr for EUNK.DE.
Performance
CBUE.DE vs. EUNK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUE.DE achieves a -1.43% return, which is significantly lower than EUNK.DE's 10.89% return.
CBUE.DE
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- -0.97%
- YTD
- -1.43%
- 1Y
- 0.23%
- 3Y*
- 1.87%
- 5Y*
- -1.71%
- 10Y*
- —
- ALL TIME*
- -0.20%
EUNK.DE
- 1D
- 0.56%
- 1M
- 1.36%
- 6M
- 8.99%
- YTD
- 10.89%
- 1Y
- 21.05%
- 3Y*
- 14.47%
- 5Y*
- 10.46%
- 10Y*
- 9.51%
- ALL TIME*
- 8.69%
CBUE.DE vs. EUNK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CBUE.DE iShares $ Treasury Bond 3-7yr UCITS ETF EUR Hedged Dist | -1.43% | 5.05% | 0.11% | 2.27% | -11.47% | -3.22% | 5.48% | 2.81% |
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 10.89% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 14.84% |
Correlation
The correlation between CBUE.DE and EUNK.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019 | -0.03 |
The correlation between CBUE.DE and EUNK.DE shifts across timeframes, from -0.03 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CBUE.DE vs. EUNK.DE — Risk / Return Rank
CBUE.DE
EUNK.DE
CBUE.DE vs. EUNK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 3-7yr UCITS ETF EUR Hedged Dist (CBUE.DE) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBUE.DE | EUNK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.31 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 2.20 | -2.12 |
| Martin ratioReturn relative to average drawdown | 0.19 | 8.40 | -8.21 |
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Drawdowns
CBUE.DE vs. EUNK.DE - Drawdown Comparison
The maximum CBUE.DE drawdown since its inception was -17.54%, smaller than the maximum EUNK.DE drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for CBUE.DE and EUNK.DE.
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Drawdown Indicators
| CBUE.DE | EUNK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.54% | -35.44% | +17.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -9.52% | +6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -16.58% | +12.48% |
Max Drawdown (5Y)Largest decline over 5 years | -16.26% | -19.45% | +3.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.44% | — |
Current DrawdownCurrent decline from peak | -10.01% | -1.51% | -8.50% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -5.27% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.50% | -1.25% |
Volatility
CBUE.DE vs. EUNK.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 3-7yr UCITS ETF EUR Hedged Dist (CBUE.DE) is 0.92%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) has a volatility of 3.12%. This indicates that CBUE.DE experiences smaller price fluctuations and is considered to be less risky than EUNK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUE.DE | EUNK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 3.12% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 10.87% | -8.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 12.95% | -8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.13% | 14.15% | -9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 15.10% | -10.45% |
CBUE.DE vs. EUNK.DE - Expense Ratio Comparison
CBUE.DE has a 0.10% expense ratio, which is lower than EUNK.DE's 0.12% 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
CBUE.DE vs. EUNK.DE - Dividend Comparison
CBUE.DE's dividend yield for the trailing twelve months is around 3.87%, while EUNK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CBUE.DE iShares $ Treasury Bond 3-7yr UCITS ETF EUR Hedged Dist | 3.87% | 3.91% | 3.66% | 2.66% | 1.47% | 1.02% | 1.84% | 1.00% |
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBUE.DE and EUNK.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUE.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for EUNK.DE.
CBUE.DE is categorized as Intermediate Core Bond, while EUNK.DE is Europe Equities. CBUE.DE tracks ICE U.S. Treasury 3-7 Year Bond Index, while EUNK.DE tracks MSCI Europe. Their fees differ too: 0.10% for CBUE.DE and 0.12% for EUNK.DE.
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