EUEA.AS vs. AGAC.AS

Last updated Jun 5, 2026

EUEA.AS (iShares EURO STOXX 50 UCITS ETF) and AGAC.AS (iShares Core Global Aggregate Bond UCITS ETF USD (Acc)) are both exchange-traded funds - EUEA.AS is a Europe Equities fund tracking the MSCI EMU NR EUR, while AGAC.AS is a Global Bonds fund tracking the BBG Global Aggregate Index (USD). Both are passively managed. Over the past year, EUEA.AS returned 15.80% vs 0.61% for AGAC.AS. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.

Performance

EUEA.AS vs. AGAC.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares EURO STOXX 50 UCITS ETF (EUEA.AS) and iShares Core Global Aggregate Bond UCITS ETF USD (Acc) (AGAC.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EUEA.AS is traded in EUR, while AGAC.AS is traded in USD. To make them comparable, the AGAC.AS values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EUEA.AS achieves a 7.45% return, which is significantly higher than AGAC.AS's 1.05% return.

EUEA.AS

• 1D: 0.82%
• 1M: 4.69%
• YTD: 7.45%
• 6M: 8.63%
• 1Y: 15.80%
• 3Y*: 15.60%
• 5Y*: 11.52%
• 10Y*: 10.53%

AGAC.AS

• 1D: -0.01%
• 1M: 0.69%
• YTD: 1.05%
• 6M: 0.60%
• 1Y: 0.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUEA.AS vs. AGAC.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EUEA.AS iShares EURO STOXX 50 UCITS ETF	7.45%	21.70%	-2.56%
AGAC.AS iShares Core Global Aggregate Bond UCITS ETF USD (Acc)	1.05%	-4.85%	5.98%

Correlation

The correlation between EUEA.AS and AGAC.AS is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since May 13, 2024	0.08

The correlation between EUEA.AS and AGAC.AS shifts across timeframes, from 0.08 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EUEA.AS vs. AGAC.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUEA.AS

EUEA.AS Risk / Return Rank: 30
EUEA.AS Sharpe Ratio Rank: 28
EUEA.AS Sortino Ratio Rank: 29
EUEA.AS Omega Ratio Rank: 28
EUEA.AS Calmar Ratio Rank: 30
EUEA.AS Martin Ratio Rank: 33

AGAC.AS

AGAC.AS Risk / Return Rank: 16
AGAC.AS Sharpe Ratio Rank: 16
AGAC.AS Sortino Ratio Rank: 16
AGAC.AS Omega Ratio Rank: 15
AGAC.AS Calmar Ratio Rank: 17
AGAC.AS Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUEA.AS vs. AGAC.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares EURO STOXX 50 UCITS ETF (EUEA.AS) and iShares Core Global Aggregate Bond UCITS ETF USD (Acc) (AGAC.AS). 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.

	EUEA.AS	AGAC.AS	Difference
Sharpe ratio: Return per unit of total volatility	0.99	0.12	+0.87
Sortino ratio: Return per unit of downside risk	1.55	0.20	+1.34
Omega ratio: Gain probability vs. loss probability	1.18	1.02	+0.16
Calmar ratio: Return relative to maximum drawdown	1.43	0.21	+1.22
Martin ratio: Return relative to average drawdown	4.86	0.51	+4.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUEA.AS vs. AGAC.AS - Sharpe Ratio Comparison

The current EUEA.AS Sharpe Ratio is 0.99, which is higher than the AGAC.AS Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of EUEA.AS and AGAC.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EUEA.AS	AGAC.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	0.12	+0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.15	-0.03

Drawdowns

EUEA.AS vs. AGAC.AS - Drawdown Comparison

The maximum EUEA.AS drawdown since its inception was -62.53%, which is greater than AGAC.AS's maximum drawdown of -7.80%. Use the drawdown chart below to compare losses from any high point for EUEA.AS and AGAC.AS.

Drawdown Indicators

	EUEA.AS	AGAC.AS	Difference
Max Drawdown Largest peak-to-trough decline	-62.53%	-7.80%	-54.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.91%	-2.85%	-8.06%
Max Drawdown (3Y) Largest decline over 3 years	-16.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.22%	—	—
Current Drawdown Current decline from peak	-0.49%	-5.23%	+4.74%
Average Drawdown Average peak-to-trough decline	-24.30%	-3.84%	-20.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	1.19%	+2.03%

Volatility

EUEA.AS vs. AGAC.AS - Volatility Comparison

iShares EURO STOXX 50 UCITS ETF (EUEA.AS) has a higher volatility of 4.91% compared to iShares Core Global Aggregate Bond UCITS ETF USD (Acc) (AGAC.AS) at 1.54%. This indicates that EUEA.AS's price experiences larger fluctuations and is considered to be riskier than AGAC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUEA.AS	AGAC.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	1.54%	+3.37%
Volatility (6M) Calculated over the trailing 6-month period	12.92%	3.93%	+8.99%
Volatility (1Y) Calculated over the trailing 1-year period	15.80%	5.01%	+10.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.37%	5.91%	+11.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	5.91%	+12.20%

EUEA.AS vs. AGAC.AS - Expense Ratio Comparison

Both EUEA.AS and AGAC.AS have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EUEA.AS vs. AGAC.AS - Dividend Comparison

EUEA.AS's dividend yield for the trailing twelve months is around 2.55%, while AGAC.AS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGAC.AS iShares Core Global Aggregate Bond UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EUEA.AS iShares EURO STOXX 50 UCITS ETF	2.55%	2.52%	3.01%	3.02%	2.94%	2.05%	2.16%	3.05%	3.67%	2.85%	3.38%	2.96%

Frequently Asked Questions

Can I hold both EUEA.AS and AGAC.AS in my portfolio?

EUEA.AS and AGAC.AS have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUEA.AS or AGAC.AS?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUEA.AS or AGAC.AS?

EUEA.AS and AGAC.AS have the same expense ratio: 0.10% per year.

What is the main difference between EUEA.AS and AGAC.AS?

EUEA.AS is categorized as Europe Equities, while AGAC.AS is Global Bonds. EUEA.AS tracks MSCI EMU NR EUR, while AGAC.AS tracks BBG Global Aggregate Index (USD).