EUN3.DE vs. IUSQ.DE
EUN3.DE (iShares Global Government Bond UCITS ETF USD (Dist)) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - EUN3.DE is a Global Bonds fund tracking the FTSE G7 Government Bond, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, EUN3.DE returned -1.20%/yr vs 12.38%/yr for IUSQ.DE. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
EUN3.DE vs. IUSQ.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 IUSQ.DE's 12.65% return. Over the past 10 years, EUN3.DE has underperformed IUSQ.DE with an annualized return of -1.20%, while IUSQ.DE has yielded a comparatively higher 12.38% annualized 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%
IUSQ.DE
- 1D
- -0.23%
- 1M
- 3.68%
- YTD
- 12.65%
- 6M
- 12.87%
- 1Y
- 26.39%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
EUN3.DE vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
Correlation
The correlation between EUN3.DE and IUSQ.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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2011 | 0.04 |
The correlation between EUN3.DE and IUSQ.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. IUSQ.DE — Risk / Return Rank
EUN3.DE
IUSQ.DE
EUN3.DE vs. IUSQ.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 MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.43 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 4.08 | -4.78 |
| Martin ratioReturn relative to average drawdown | -1.37 | 16.69 | -18.06 |
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 | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | 2.31 | -3.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.88 | -1.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.82 | -1.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.76 | -0.59 |
Drawdowns
EUN3.DE vs. IUSQ.DE - Drawdown Comparison
The maximum EUN3.DE drawdown since its inception was -22.74%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for EUN3.DE and IUSQ.DE.
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Drawdown Indicators
| EUN3.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -33.60% | +10.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -6.48% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -10.14% | -21.25% | +11.11% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -21.25% | +2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | -33.60% | +10.86% |
Current DrawdownCurrent decline from peak | -21.83% | -0.55% | -21.28% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -4.19% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.59% | +0.83% |
Volatility
EUN3.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) is 1.12%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.03%. This indicates that EUN3.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 3.03% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 8.26% | -4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 11.47% | -7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 13.94% | -7.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 15.02% | -8.79% |
EUN3.DE vs. IUSQ.DE - Expense Ratio Comparison
Both EUN3.DE and IUSQ.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. IUSQ.DE - Dividend Comparison
EUN3.DE's dividend yield for the trailing twelve months is around 1.50%, while IUSQ.DE has not paid dividends to shareholders.
| 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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (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% |
Frequently Asked Questions
EUN3.DE and IUSQ.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.
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 IUSQ.DE have the same expense ratio: 0.20% per year.
EUN3.DE is categorized as Global Bonds, while IUSQ.DE is Global Equities. EUN3.DE tracks FTSE G7 Government Bond, while IUSQ.DE tracks MSCI All Country World (ACWI).
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