DBZB.DE vs. EUNN.DE
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged), while EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI. Both are passively managed. Over the past 10 years, DBZB.DE returned -0.99%/yr vs 9.05%/yr for EUNN.DE. At a correlation of -0.04, they often move in opposite directions. DBZB.DE charges 0.25%/yr vs 0.12%/yr for EUNN.DE.
Performance
DBZB.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBZB.DE achieves a -0.71% return, which is significantly lower than EUNN.DE's 16.53% return. Over the past 10 years, DBZB.DE has underperformed EUNN.DE with an annualized return of -0.99%, while EUNN.DE has yielded a comparatively higher 9.05% annualized return.
DBZB.DE
- 1D
- 0.15%
- 1M
- -0.28%
- YTD
- -0.71%
- 6M
- -0.77%
- 1Y
- -0.07%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
EUNN.DE
- 1D
- -0.27%
- 1M
- 3.50%
- YTD
- 16.53%
- 6M
- 16.81%
- 1Y
- 31.22%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
DBZB.DE vs. EUNN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 4.55% | -0.36% | -0.12% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 15.16% | -11.47% | 9.25% | 4.10% | 22.24% | -10.32% | 10.42% |
Correlation
The correlation between DBZB.DE and EUNN.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | -0.04 |
The correlation between DBZB.DE and EUNN.DE shifts across timeframes, from -0.04 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBZB.DE vs. EUNN.DE — Risk / Return Rank
DBZB.DE
EUNN.DE
DBZB.DE vs. EUNN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) and iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| DBZB.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.32 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.14 | -3.15 |
| Martin ratioReturn relative to average drawdown | -0.04 | 10.51 | -10.55 |
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
| DBZB.DE | EUNN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.67 | -1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.61 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.56 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.53 | -0.31 |
Drawdowns
DBZB.DE vs. EUNN.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, smaller than the maximum EUNN.DE drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and EUNN.DE.
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Drawdown Indicators
| DBZB.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -28.55% | +6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -9.58% | +6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -15.81% | +10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -19.41% | -0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | -28.55% | +6.67% |
Current DrawdownCurrent decline from peak | -16.44% | -0.27% | -16.17% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -6.85% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.86% | -1.60% |
Volatility
DBZB.DE vs. EUNN.DE - Volatility Comparison
The current volatility for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) is 1.48%, while iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a volatility of 3.16%. This indicates that DBZB.DE experiences smaller price fluctuations and is considered to be less risky than EUNN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBZB.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 3.16% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 14.53% | -11.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 17.97% | -14.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 16.04% | -10.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 16.08% | -11.34% |
DBZB.DE vs. EUNN.DE - Expense Ratio Comparison
DBZB.DE has a 0.25% expense ratio, which is higher than EUNN.DE's 0.12% 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
DBZB.DE vs. EUNN.DE - Dividend Comparison
Neither DBZB.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
DBZB.DE and EUNN.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for DBZB.DE.
DBZB.DE is categorized as Global Bonds, while EUNN.DE is Japan Equities. DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while EUNN.DE tracks MSCI Japan IMI. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for DBZB.DE and 0.12% for EUNN.DE.
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