DBXP.DE vs. EUNH.DE
DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - DBXP.DE tracks the iBoxx® EUR Eurozone 1-3 while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, DBXP.DE returned 0.22%/yr vs -0.32%/yr for EUNH.DE. A 0.65 correlation means they provide meaningful diversification when combined. DBXP.DE charges 0.15%/yr vs 0.07%/yr for EUNH.DE.
Performance
DBXP.DE vs. EUNH.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBXP.DE achieves a 0.04% return, which is significantly higher than EUNH.DE's -0.06% return. Over the past 10 years, DBXP.DE has outperformed EUNH.DE with an annualized return of 0.22%, while EUNH.DE has yielded a comparatively lower -0.32% annualized return.
DBXP.DE
- 1D
- 0.04%
- 1M
- 0.20%
- YTD
- 0.04%
- 6M
- 0.12%
- 1Y
- 0.80%
- 3Y*
- 2.61%
- 5Y*
- 0.67%
- 10Y*
- 0.22%
EUNH.DE
- 1D
- 0.04%
- 1M
- 0.49%
- YTD
- -0.06%
- 6M
- 0.02%
- 1Y
- -0.11%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
DBXP.DE vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.04% | 2.21% | 2.99% | 3.41% | -4.59% | -0.85% | -0.18% | 0.17% | -0.37% | -0.45% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 4.72% | 6.76% | 0.85% | -0.13% |
Correlation
The correlation between DBXP.DE and EUNH.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | 0.65 |
The correlation between DBXP.DE and EUNH.DE shifts across timeframes, from 0.65 (all time) to 0.81 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DBXP.DE vs. EUNH.DE — Risk / Return Rank
DBXP.DE
EUNH.DE
DBXP.DE vs. EUNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) 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.
| DBXP.DE | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.00 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.03 | +0.67 |
| Martin ratioReturn relative to average drawdown | 2.08 | -0.08 | +2.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DBXP.DE | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | -0.02 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | -0.35 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | -0.06 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.25 | +0.31 |
Drawdowns
DBXP.DE vs. EUNH.DE - Drawdown Comparison
The maximum DBXP.DE drawdown since its inception was -6.77%, smaller than the maximum EUNH.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for DBXP.DE and EUNH.DE.
Loading charts...
Drawdown Indicators
| DBXP.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -22.43% | +15.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -3.48% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -1.24% | -4.10% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -21.53% | +15.86% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | -22.43% | +15.66% |
Current DrawdownCurrent decline from peak | -0.55% | -14.10% | +13.55% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -5.97% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 1.35% | -0.96% |
Volatility
DBXP.DE vs. EUNH.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) is 0.46%, while iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a volatility of 1.72%. This indicates that DBXP.DE experiences smaller price fluctuations and is considered to be less risky than EUNH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBXP.DE | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.72% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 3.70% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 4.37% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 6.34% | -4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 5.52% | -3.72% |
DBXP.DE vs. EUNH.DE - Expense Ratio Comparison
DBXP.DE 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
DBXP.DE vs. EUNH.DE - Dividend Comparison
DBXP.DE 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 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
DBXP.DE and EUNH.DE have a correlation of 0.71, 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 DBXP.DE.
DBXP.DE tracks iBoxx® EUR Eurozone 1-3, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for DBXP.DE and 0.07% for EUNH.DE.
Find the right allocation for DBXP.DE and EUNH.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer