EUN3.DE vs. 10AK.DE
EUN3.DE (iShares Global Government Bond UCITS ETF USD (Dist)) and 10AK.DE (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist) are both Global Bonds funds - EUN3.DE tracks the FTSE G7 Government Bond while 10AK.DE tracks the JP Morgan Government Bond Global. Both are passively managed. Over the past 5 years, EUN3.DE returned -2.76%/yr vs -2.43%/yr for 10AK.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
EUN3.DE vs. 10AK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN3.DE achieves a -1.67% return, which is significantly lower than 10AK.DE's 0.09% return.
EUN3.DE
- 1D
- 0.03%
- 1M
- 0.35%
- YTD
- -1.67%
- 6M
- -2.34%
- 1Y
- -2.97%
- 3Y*
- -1.80%
- 5Y*
- -2.76%
- 10Y*
- -1.20%
10AK.DE
- 1D
- 0.01%
- 1M
- 0.11%
- YTD
- 0.09%
- 6M
- -0.56%
- 1Y
- -1.76%
- 3Y*
- -1.30%
- 5Y*
- -2.43%
- 10Y*
- —
EUN3.DE vs. 10AK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | -1.67% | -5.37% | 2.25% | 0.44% | -12.65% | 1.09% | -0.23% | 8.23% | 5.42% |
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist | 0.09% | -5.55% | 2.06% | 0.12% | -12.21% | 1.15% | -0.06% | 8.09% | 5.41% |
Correlation
The correlation between EUN3.DE and 10AK.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018 | 0.86 |
The correlation between EUN3.DE and 10AK.DE shifts across timeframes, from 0.86 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUN3.DE vs. 10AK.DE — Risk / Return Rank
EUN3.DE
10AK.DE
EUN3.DE vs. 10AK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) and Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.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.
| EUN3.DE | 10AK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.92 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.67 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.37 | -1.23 | -0.13 |
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
| EUN3.DE | 10AK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | -0.52 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | -0.37 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | -0.05 | +0.21 |
Drawdowns
EUN3.DE vs. 10AK.DE - Drawdown Comparison
The maximum EUN3.DE drawdown since its inception was -22.74%, which is greater than 10AK.DE's maximum drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for EUN3.DE and 10AK.DE.
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Drawdown Indicators
| EUN3.DE | 10AK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -20.98% | -1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -3.11% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -10.14% | -8.61% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -17.53% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | — | — |
Current DrawdownCurrent decline from peak | -21.83% | -20.12% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -10.25% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.69% | +0.73% |
Volatility
EUN3.DE vs. 10AK.DE - Volatility Comparison
iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) has a higher volatility of 1.12% compared to Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist (10AK.DE) at 1.04%. This indicates that EUN3.DE's price experiences larger fluctuations and is considered to be riskier than 10AK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN3.DE | 10AK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.04% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 2.98% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 4.00% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 6.49% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 6.17% | +0.06% |
EUN3.DE vs. 10AK.DE - Expense Ratio Comparison
Both EUN3.DE and 10AK.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUN3.DE vs. 10AK.DE - Dividend Comparison
EUN3.DE's dividend yield for the trailing twelve months is around 1.50%, less than 10AK.DE's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
10AK.DE Amundi Index J.P. Morgan GBI Global Govies UCITS ETF EUR Dist | 2.62% | 2.63% | 2.07% | 1.79% | 1.61% | 1.39% | 1.68% | 1.82% | 0.58% | 0.00% | 0.00% | 0.00% |
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | 1.50% | 3.09% | 2.40% | 1.47% | 0.79% | 0.60% | 1.08% | 1.20% | 1.04% | 1.01% | 1.04% | 0.59% |
Frequently Asked Questions
EUN3.DE and 10AK.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUN3.DE and 10AK.DE have the same expense ratio: 0.20% per year.
EUN3.DE tracks FTSE G7 Government Bond, while 10AK.DE tracks JP Morgan Government Bond Global. They also come from different issuers: iShares and Amundi.
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