EIB3.DE vs. EUN9.DE
EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) and EUN9.DE (iShares Euro Government Bond 5-7yr UCITS ETF) are both European Government Bonds funds - EIB3.DE tracks the Bloomberg Euro Government Select 1-3 while EUN9.DE tracks the Bloomberg Euro Government Bond 5-7. Both are passively managed. Over the past 5 years, EIB3.DE returned 0.63%/yr vs -1.15%/yr for EUN9.DE. Their correlation of 0.86 suggests significant overlap in exposure. EIB3.DE charges 0.10%/yr vs 0.15%/yr for EUN9.DE.
Performance
EIB3.DE vs. EUN9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIB3.DE achieves a 0.19% return, which is significantly higher than EUN9.DE's -0.02% return.
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.27%
- YTD
- 0.19%
- 6M
- 0.55%
- 1Y
- 0.81%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
EUN9.DE
- 1D
- 0.08%
- 1M
- 0.50%
- YTD
- -0.02%
- 6M
- -0.08%
- 1Y
- 0.41%
- 3Y*
- 2.94%
- 5Y*
- -1.15%
- 10Y*
- 0.08%
EIB3.DE vs. EUN9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.19% | 2.14% | 3.03% | 3.39% | -4.93% | -0.76% | -0.13% | -0.51% |
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | -0.02% | 2.45% | 1.87% | 6.90% | -14.78% | -1.90% | 2.71% | -2.07% |
Correlation
The correlation between EIB3.DE and EUN9.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.86 |
Over the past year, the correlation between EIB3.DE and EUN9.DE has dropped to 0.59 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
EIB3.DE vs. EUN9.DE — Risk / Return Rank
EIB3.DE
EUN9.DE
EIB3.DE vs. EUN9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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.
| EIB3.DE | EUN9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.02 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.12 | +0.39 |
| Martin ratioReturn relative to average drawdown | 1.50 | 0.33 | +1.17 |
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
| EIB3.DE | EUN9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.10 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | -0.21 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.34 | -0.18 |
Drawdowns
EIB3.DE vs. EUN9.DE - Drawdown Comparison
The maximum EIB3.DE drawdown since its inception was -6.78%, smaller than the maximum EUN9.DE drawdown of -17.43%. Use the drawdown chart below to compare losses from any high point for EIB3.DE and EUN9.DE.
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Drawdown Indicators
| EIB3.DE | EUN9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -17.43% | +10.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -3.42% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -1.60% | -3.42% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -5.91% | -17.35% | +11.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.43% | — |
Current DrawdownCurrent decline from peak | -0.68% | -7.00% | +6.32% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -3.80% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.23% | -0.69% |
Volatility
EIB3.DE vs. EUN9.DE - Volatility Comparison
Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) and iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.DE) have volatilities of 1.50% and 1.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIB3.DE | EUN9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.57% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 3.45% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 3.96% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.11% | 5.41% | -3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.89% | 4.32% | -2.43% |
EIB3.DE vs. EUN9.DE - Expense Ratio Comparison
EIB3.DE has a 0.10% 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
EIB3.DE vs. EUN9.DE - Dividend Comparison
EIB3.DE's dividend yield for the trailing twelve months is around 2.41%, less than EUN9.DE's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% | 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
EIB3.DE and EUN9.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for EUN9.DE.
EIB3.DE tracks Bloomberg Euro Government Select 1-3, while EUN9.DE tracks Bloomberg Euro Government Bond 5-7. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for EIB3.DE and 0.15% for EUN9.DE.
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