EUN3.DE vs. ISPA.DE
EUN3.DE (iShares Global Government Bond UCITS ETF USD (Dist)) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both exchange-traded funds - EUN3.DE is a Global Bonds fund tracking the FTSE G7 Government Bond, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 10 years, EUN3.DE returned -1.20%/yr vs 8.98%/yr for ISPA.DE. At a correlation of -0.01, they often move in opposite directions. EUN3.DE charges 0.20%/yr vs 0.46%/yr for ISPA.DE.
Performance
EUN3.DE vs. ISPA.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 ISPA.DE's 13.48% return. Over the past 10 years, EUN3.DE has underperformed ISPA.DE with an annualized return of -1.20%, while ISPA.DE has yielded a comparatively higher 8.98% annualized 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%
ISPA.DE
- 1D
- 0.49%
- 1M
- 1.28%
- YTD
- 13.48%
- 6M
- 15.35%
- 1Y
- 29.45%
- 3Y*
- 18.65%
- 5Y*
- 11.00%
- 10Y*
- 8.98%
EUN3.DE vs. ISPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 4.02% | -6.88% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 13.48% | 19.72% | 12.97% | 4.80% | 0.43% | 22.39% | -9.12% | 24.24% | -7.51% | 2.97% |
Correlation
The correlation between EUN3.DE and ISPA.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2009 | -0.01 |
The correlation between EUN3.DE and ISPA.DE shifts across timeframes, from -0.02 (5 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUN3.DE vs. ISPA.DE — Risk / Return Rank
EUN3.DE
ISPA.DE
EUN3.DE vs. ISPA.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 iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.10 | ||
| Sortino ratioReturn per unit of downside risk | -5.62 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.62 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 8.10 | -8.80 |
| Martin ratioReturn relative to average drawdown | -1.37 | 28.73 | -30.10 |
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 | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | 3.35 | -4.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.91 | -1.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.60 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.68 | -0.51 |
Drawdowns
EUN3.DE vs. ISPA.DE - Drawdown Comparison
The maximum EUN3.DE drawdown since its inception was -22.74%, smaller than the maximum ISPA.DE drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for EUN3.DE and ISPA.DE.
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Drawdown Indicators
| EUN3.DE | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -38.91% | +16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -3.63% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -10.14% | -15.10% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -15.10% | -3.88% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | -38.91% | +16.17% |
Current DrawdownCurrent decline from peak | -21.83% | -1.09% | -20.74% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -4.46% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.03% | +1.39% |
Volatility
EUN3.DE vs. ISPA.DE - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) is 1.12%, while iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) has a volatility of 2.62%. This indicates that EUN3.DE experiences smaller price fluctuations and is considered to be less risky than ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 2.62% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 6.51% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 8.77% | -4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 12.00% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 14.79% | -8.56% |
EUN3.DE vs. ISPA.DE - Expense Ratio Comparison
EUN3.DE has a 0.20% expense ratio, which is lower than ISPA.DE's 0.46% expense ratio.
Dividends
EUN3.DE vs. ISPA.DE - Dividend Comparison
EUN3.DE's dividend yield for the trailing twelve months is around 1.50%, less than ISPA.DE's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
EUN3.DE and ISPA.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN3.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN3.DE is cheaper with a 0.20% expense ratio, compared with 0.46% for ISPA.DE.
EUN3.DE is categorized as Global Bonds, while ISPA.DE is Global Equities. EUN3.DE tracks FTSE G7 Government Bond, while ISPA.DE tracks STOXX® Global Select Dividend 100 index. Their fees differ too: 0.20% for EUN3.DE and 0.46% for ISPA.DE.
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