EUN3.DE vs. XG7S.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) and Xtrackers Global Government Bond UCITS ETF 5C (XG7S.L).

EUN3.DE and XG7S.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUN3.DE is a passively managed fund by iShares that tracks the performance of the FTSE G7 Government Bond. It was launched on Mar 6, 2009. XG7S.L is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Aug 14, 2013. Both EUN3.DE and XG7S.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EUN3.DE vs. XG7S.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) and Xtrackers Global Government Bond UCITS ETF 5C (XG7S.L). The values are adjusted to include any dividend payments, if applicable.

EUN3.DE vs. XG7S.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist)	-1.18%	-5.37%	2.25%	0.44%	-12.65%	1.09%	-0.23%	8.23%	4.02%	-6.88%
XG7S.L Xtrackers Global Government Bond UCITS ETF 5C	0.34%	-5.42%	2.71%	1.39%	-13.44%	0.42%	-0.36%	8.97%	3.26%	-5.65%

Different Trading Currencies

EUN3.DE is traded in EUR, while XG7S.L is traded in GBp. To make them comparable, the XG7S.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EUN3.DE achieves a -1.18% return, which is significantly lower than XG7S.L's 0.34% return. Over the past 10 years, EUN3.DE has underperformed XG7S.L with an annualized return of -0.94%, while XG7S.L has yielded a comparatively higher -0.69% annualized return.

EUN3.DE

• 1D: -0.35%
• 1M: -1.00%
• YTD: -1.18%
• 6M: -1.69%
• 1Y: -6.16%
• 3Y*: -1.76%
• 5Y*: -3.03%
• 10Y*: -0.94%

XG7S.L

• 1D: 0.25%
• 1M: -1.42%
• YTD: 0.34%
• 6M: -0.11%
• 1Y: -3.78%
• 3Y*: -1.09%
• 5Y*: -2.69%
• 10Y*: -0.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUN3.DE vs. XG7S.L - Expense Ratio Comparison

Both EUN3.DE and XG7S.L 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%.

EUN3.DE

iShares Global Government Bond UCITS ETF USD (Dist)

XG7S.L

Xtrackers Global Government Bond UCITS ETF 5C

Return for Risk

EUN3.DE vs. XG7S.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUN3.DE

EUN3.DE Risk / Return Rank: 1
EUN3.DE Sharpe Ratio Rank: 0
EUN3.DE Sortino Ratio Rank: 1
EUN3.DE Omega Ratio Rank: 1
EUN3.DE Calmar Ratio Rank: 1
EUN3.DE Martin Ratio Rank: 3

XG7S.L

XG7S.L Risk / Return Rank: 12
XG7S.L Sharpe Ratio Rank: 12
XG7S.L Sortino Ratio Rank: 12
XG7S.L Omega Ratio Rank: 15
XG7S.L Calmar Ratio Rank: 10
XG7S.L Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUN3.DE vs. XG7S.L - 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 Xtrackers Global Government Bond UCITS ETF 5C (XG7S.L). 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	XG7S.L	Difference
Sharpe ratio Return per unit of total volatility	-1.07	-0.21	-0.86
Sortino ratio Return per unit of downside risk	-1.33	-0.16	-1.17
Omega ratio Gain probability vs. loss probability	0.83	0.95	-0.13
Calmar ratio Return relative to maximum drawdown	-0.77	-0.39	-0.38
Martin ratio Return relative to average drawdown	-1.22	-0.59	-0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUN3.DE vs. XG7S.L - Sharpe Ratio Comparison

The current EUN3.DE Sharpe Ratio is -1.07, which is lower than the XG7S.L Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of EUN3.DE and XG7S.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EUN3.DE	XG7S.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.07	-0.21	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	-0.32	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.15	-0.11	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	-0.06	+0.23

Correlation

The correlation between EUN3.DE and XG7S.L is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EUN3.DE vs. XG7S.L - Dividend Comparison

EUN3.DE's dividend yield for the trailing twelve months is around 1.49%, while XG7S.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist)	1.49%	3.09%	2.40%	1.47%	0.79%	0.60%	1.08%	1.20%	1.04%	1.01%	1.04%	0.59%
XG7S.L Xtrackers Global Government Bond UCITS ETF 5C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EUN3.DE vs. XG7S.L - Drawdown Comparison

The maximum EUN3.DE drawdown since its inception was -22.73%, which is greater than XG7S.L's maximum drawdown of -20.84%. Use the drawdown chart below to compare losses from any high point for EUN3.DE and XG7S.L.

Drawdown Indicators

	EUN3.DE	XG7S.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.73%	-25.59%	+2.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.99%	-15.16%	+7.17%
Max Drawdown (5Y) Largest decline over 5 years	-18.97%	-16.70%	-2.27%
Max Drawdown (10Y) Largest decline over 10 years	-22.73%	-25.59%	+2.86%
Current Drawdown Current decline from peak	-21.44%	-23.12%	+1.68%
Average Drawdown Average peak-to-trough decline	-9.39%	-15.25%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.07%	9.15%	-4.08%

Volatility

EUN3.DE vs. XG7S.L - Volatility Comparison

iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) and Xtrackers Global Government Bond UCITS ETF 5C (XG7S.L) have volatilities of 1.72% and 1.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUN3.DE	XG7S.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	1.73%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	3.24%	19.26%	-16.02%
Volatility (1Y) Calculated over the trailing 1-year period	5.36%	21.02%	-15.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.82%	14.08%	-7.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.24%	12.41%	-6.17%