DE5A.DE vs. EUN9.DE
DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) and EUN9.DE (iShares Euro Government Bond 5-7yr UCITS ETF) are both European Government Bonds funds - DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond while EUN9.DE tracks the Bloomberg Euro Government Bond 5-7. Both are passively managed. Over the past 10 years, DE5A.DE returned -1.18%/yr vs 0.08%/yr for EUN9.DE. Their correlation of 0.84 suggests significant overlap in exposure. DE5A.DE charges 0.14%/yr vs 0.15%/yr for EUN9.DE.
Performance
DE5A.DE vs. EUN9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DE5A.DE achieves a 0.27% return, which is significantly higher than EUN9.DE's -0.02% return. Over the past 10 years, DE5A.DE has underperformed EUN9.DE with an annualized return of -1.18%, while EUN9.DE has yielded a comparatively higher 0.08% annualized return.
DE5A.DE
- 1D
- 0.08%
- 1M
- -0.09%
- YTD
- 0.27%
- 6M
- 0.19%
- 1Y
- -0.43%
- 3Y*
- 1.24%
- 5Y*
- -3.17%
- 10Y*
- -1.18%
EUN9.DE
- 1D
- 0.08%
- 1M
- -0.03%
- YTD
- -0.02%
- 6M
- -0.02%
- 1Y
- 0.85%
- 3Y*
- 2.94%
- 5Y*
- -1.15%
- 10Y*
- 0.08%
DE5A.DE vs. EUN9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.27% | -0.65% | -0.40% | 5.80% | -19.06% | -3.67% | 3.70% | 4.28% | 1.66% | -0.73% |
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | -0.02% | 2.45% | 1.87% | 6.90% | -14.78% | -1.90% | 2.71% | 4.34% | 0.55% | 0.34% |
Correlation
The correlation between DE5A.DE and EUN9.DE is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2011 | 0.84 |
The correlation between DE5A.DE and EUN9.DE shifts across timeframes, from 0.84 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DE5A.DE vs. EUN9.DE — Risk / Return Rank
DE5A.DE
EUN9.DE
DE5A.DE vs. EUN9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) and iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.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.
| DE5A.DE | EUN9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.02 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.12 | -0.38 |
| Martin ratioReturn relative to average drawdown | -0.58 | 0.33 | -0.91 |
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
| DE5A.DE | EUN9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.10 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | -0.21 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.22 | 0.02 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.34 | -0.12 |
Drawdowns
DE5A.DE vs. EUN9.DE - Drawdown Comparison
The maximum DE5A.DE drawdown since its inception was -24.92%, which is greater than EUN9.DE's maximum drawdown of -17.43%. Use the drawdown chart below to compare losses from any high point for DE5A.DE and EUN9.DE.
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Drawdown Indicators
| DE5A.DE | EUN9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.92% | -17.43% | -7.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -3.42% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -3.42% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -17.35% | -5.43% |
Max Drawdown (10Y)Largest decline over 10 years | -24.92% | -17.43% | -7.49% |
Current DrawdownCurrent decline from peak | -19.43% | -7.00% | -12.43% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -3.80% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.23% | +0.19% |
Volatility
DE5A.DE vs. EUN9.DE - Volatility Comparison
Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) has a higher volatility of 1.71% compared to iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.DE) at 1.57%. This indicates that DE5A.DE's price experiences larger fluctuations and is considered to be riskier than EUN9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DE5A.DE | EUN9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.57% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 3.45% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 3.96% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 5.41% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 4.32% | +1.05% |
DE5A.DE vs. EUN9.DE - Expense Ratio Comparison
DE5A.DE has a 0.14% expense ratio, which is lower than EUN9.DE's 0.15% 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
DE5A.DE vs. EUN9.DE - Dividend Comparison
DE5A.DE has not paid dividends to shareholders, while EUN9.DE's dividend yield for the trailing twelve months is around 2.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | 2.66% | 2.66% | 2.53% | 0.86% | 0.00% | 0.00% | 0.14% | 0.49% | 0.35% | 0.23% | 0.53% | 0.36% |
Frequently Asked Questions
With a correlation of 0.95, DE5A.DE and EUN9.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for EUN9.DE.
DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond, while EUN9.DE tracks Bloomberg Euro Government Bond 5-7. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for DE5A.DE and 0.15% for EUN9.DE.
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