DBZB.DE vs. EUNU.DE
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and EUNU.DE (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) are both Global Bonds funds - DBZB.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged) while EUNU.DE tracks the Bloomberg Global Aggregate Bond. Both are passively managed. Over the past 5 years, DBZB.DE returned -2.54%/yr vs -0.25%/yr for EUNU.DE. A 0.52 correlation means they provide meaningful diversification when combined. DBZB.DE charges 0.25%/yr vs 0.10%/yr for EUNU.DE.
Performance
DBZB.DE vs. EUNU.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DBZB.DE achieves a -0.71% return, which is significantly lower than EUNU.DE's -0.39% return.
DBZB.DE
- 1D
- 0.15%
- 1M
- 0.28%
- YTD
- -0.71%
- 6M
- -1.15%
- 1Y
- -0.05%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
EUNU.DE
- 1D
- 0.02%
- 1M
- 0.50%
- YTD
- -0.39%
- 6M
- -0.86%
- 1Y
- -1.14%
- 3Y*
- 1.03%
- 5Y*
- -0.25%
- 10Y*
- —
DBZB.DE vs. EUNU.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% | -0.61% |
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | -0.39% | -4.02% | 5.70% | 4.05% | -10.69% | 4.64% | 0.21% | 10.21% | 4.60% | -1.59% |
Correlation
The correlation between DBZB.DE and EUNU.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.52 |
Over the past year, the correlation between DBZB.DE and EUNU.DE has dropped to 0.31 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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
DBZB.DE vs. EUNU.DE — Risk / Return Rank
DBZB.DE
EUNU.DE
DBZB.DE vs. EUNU.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 Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.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 | EUNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.96 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.30 | +0.28 |
| Martin ratioReturn relative to average drawdown | -0.04 | -0.67 | +0.62 |
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
| DBZB.DE | EUNU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.29 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | -0.04 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.23 | 0.00 |
Drawdowns
DBZB.DE vs. EUNU.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, which is greater than EUNU.DE's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and EUNU.DE.
Loading charts...
Drawdown Indicators
| DBZB.DE | EUNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -12.88% | -9.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -3.82% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -8.28% | +3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -12.88% | -6.63% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | — | — |
Current DrawdownCurrent decline from peak | -16.44% | -7.39% | -9.05% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -4.71% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.71% | -0.45% |
Volatility
DBZB.DE vs. EUNU.DE - Volatility Comparison
Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) has a higher volatility of 1.48% compared to iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.DE) at 0.95%. This indicates that DBZB.DE's price experiences larger fluctuations and is considered to be riskier than EUNU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DBZB.DE | EUNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.95% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.92% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 3.99% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 6.06% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 5.76% | -1.02% |
DBZB.DE vs. EUNU.DE - Expense Ratio Comparison
DBZB.DE has a 0.25% expense ratio, which is higher than EUNU.DE's 0.10% 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. EUNU.DE - Dividend Comparison
DBZB.DE has not paid dividends to shareholders, while EUNU.DE's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 1.53% | 3.21% | 4.10% | 4.25% | 1.55% | 2.78% | 2.49% | 2.47% | 2.10% |
Frequently Asked Questions
DBZB.DE and EUNU.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNU.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for DBZB.DE.
DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while EUNU.DE tracks Bloomberg Global Aggregate Bond. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for DBZB.DE and 0.10% for EUNU.DE.
Find the right allocation for DBZB.DE and EUNU.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