EUN3.DE vs. AHYF.DE
EUN3.DE (iShares Global Government Bond UCITS ETF USD (Dist)) and AHYF.DE (Amundi Global Aggregate SRI 1-5 UCITS ETF USD) are both Global Bonds funds - EUN3.DE tracks the FTSE G7 Government Bond while AHYF.DE tracks the Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral. Both are passively managed. Over the past 3 years, EUN3.DE returned -1.80%/yr vs 1.07%/yr for AHYF.DE. A 0.79 correlation means they provide meaningful diversification when combined. EUN3.DE charges 0.20%/yr vs 0.14%/yr for AHYF.DE.
Performance
EUN3.DE vs. AHYF.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 AHYF.DE's 0.87% return.
EUN3.DE
- 1D
- 0.03%
- 1M
- 0.52%
- YTD
- -1.67%
- 6M
- -2.37%
- 1Y
- -3.32%
- 3Y*
- -1.80%
- 5Y*
- -2.76%
- 10Y*
- -1.20%
AHYF.DE
- 1D
- -0.02%
- 1M
- 0.41%
- YTD
- 0.87%
- 6M
- 0.48%
- 1Y
- -0.11%
- 3Y*
- 1.07%
- 5Y*
- —
- 10Y*
- —
EUN3.DE vs. AHYF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | -1.67% | -5.37% | 2.25% | 0.44% | -7.23% |
AHYF.DE Amundi Global Aggregate SRI 1-5 UCITS ETF USD | 0.87% | -3.21% | 5.06% | 0.94% | -4.47% |
Correlation
The correlation between EUN3.DE and AHYF.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2022 | 0.79 |
The correlation between EUN3.DE and AHYF.DE has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
EUN3.DE vs. AHYF.DE — Risk / Return Rank
EUN3.DE
AHYF.DE
EUN3.DE vs. AHYF.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 Global Aggregate SRI 1-5 UCITS ETF USD (AHYF.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 | AHYF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.00 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.06 | -0.64 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.12 | -1.25 |
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 | AHYF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | -0.03 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | — | — |
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 | -0.06 | +0.23 |
Drawdowns
EUN3.DE vs. AHYF.DE - Drawdown Comparison
The maximum EUN3.DE drawdown since its inception was -22.74%, which is greater than AHYF.DE's maximum drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for EUN3.DE and AHYF.DE.
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Drawdown Indicators
| EUN3.DE | AHYF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -8.40% | -14.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -1.78% | -2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -10.14% | -5.93% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | — | — |
Current DrawdownCurrent decline from peak | -21.83% | -4.19% | -17.64% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -4.26% | -5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 0.91% | +1.51% |
Volatility
EUN3.DE vs. AHYF.DE - Volatility Comparison
iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) has a higher volatility of 1.12% compared to Amundi Global Aggregate SRI 1-5 UCITS ETF USD (AHYF.DE) at 0.46%. This indicates that EUN3.DE's price experiences larger fluctuations and is considered to be riskier than AHYF.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 | AHYF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.46% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 2.10% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 3.21% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 4.46% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 4.46% | +1.77% |
EUN3.DE vs. AHYF.DE - Expense Ratio Comparison
EUN3.DE has a 0.20% expense ratio, which is higher than AHYF.DE's 0.14% 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
EUN3.DE vs. AHYF.DE - Dividend Comparison
EUN3.DE's dividend yield for the trailing twelve months is around 1.50%, while AHYF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHYF.DE Amundi Global Aggregate SRI 1-5 UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 AHYF.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AHYF.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AHYF.DE is cheaper with a 0.14% expense ratio, compared with 0.20% for EUN3.DE.
EUN3.DE tracks FTSE G7 Government Bond, while AHYF.DE tracks Bloomberg MSCI Global Aggregate 500MM ex Securitized Sustainable SRI 1-5 Year Sector Neutral. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for EUN3.DE and 0.14% for AHYF.DE.
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