EUN3.DE vs. SXR8.DE
EUN3.DE (iShares Global Government Bond UCITS ETF USD (Dist)) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - EUN3.DE is a Global Bonds fund tracking the FTSE G7 Government Bond, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EUN3.DE returned -1.20%/yr vs 14.95%/yr for SXR8.DE. At a 0.07 correlation, their price movements are largely independent. EUN3.DE charges 0.20%/yr vs 0.07%/yr for SXR8.DE.
Performance
EUN3.DE vs. SXR8.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 SXR8.DE's 11.37% return. Over the past 10 years, EUN3.DE has underperformed SXR8.DE with an annualized return of -1.20%, while SXR8.DE has yielded a comparatively higher 14.95% 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%
SXR8.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.83%
- 1Y
- 25.54%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
EUN3.DE vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
Correlation
The correlation between EUN3.DE and SXR8.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 28, 2010 | 0.07 |
The correlation between EUN3.DE and SXR8.DE shifts across timeframes, from 0.05 (5 years) to 0.17 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUN3.DE vs. SXR8.DE — Risk / Return Rank
EUN3.DE
SXR8.DE
EUN3.DE vs. SXR8.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 Core S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.95 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.41 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 3.58 | -4.28 |
| Martin ratioReturn relative to average drawdown | -1.37 | 12.71 | -14.08 |
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 | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | 2.21 | -2.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.96 | -1.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.92 | -1.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.79 | -0.62 |
Drawdowns
EUN3.DE vs. SXR8.DE - Drawdown Comparison
The maximum EUN3.DE drawdown since its inception was -22.74%, smaller than the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for EUN3.DE and SXR8.DE.
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Drawdown Indicators
| EUN3.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -33.78% | +11.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.71% | -7.13% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -10.14% | -23.32% | +13.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.98% | -23.32% | +4.34% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | -33.78% | +11.04% |
Current DrawdownCurrent decline from peak | -21.83% | -0.45% | -21.38% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -5.17% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.01% | +0.41% |
Volatility
EUN3.DE vs. SXR8.DE - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) is 1.12%, while iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) has a volatility of 2.65%. This indicates that EUN3.DE experiences smaller price fluctuations and is considered to be less risky than SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 2.65% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 7.57% | -4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.44% | 11.56% | -7.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 15.16% | -8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.23% | 16.09% | -9.86% |
EUN3.DE vs. SXR8.DE - Expense Ratio Comparison
EUN3.DE has a 0.20% expense ratio, which is higher than SXR8.DE's 0.07% 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. SXR8.DE - Dividend Comparison
EUN3.DE's dividend yield for the trailing twelve months is around 1.50%, while SXR8.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% |
SXR8.DE iShares Core S&P 500 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% |
Frequently Asked Questions
EUN3.DE and SXR8.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for EUN3.DE.
EUN3.DE is categorized as Global Bonds, while SXR8.DE is S&P 500. EUN3.DE tracks FTSE G7 Government Bond, while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.20% for EUN3.DE and 0.07% for SXR8.DE.
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