EUN4.DE vs. CBU2.DE
EUN4.DE (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist)) and CBU2.DE (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc)) are both Total Bond Market funds from iShares tracking the Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index. Both are passively managed. Over the past 3 years, EUN4.DE returned 2.10%/yr vs 2.51%/yr for CBU2.DE. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
EUN4.DE vs. CBU2.DE - Performance Comparison
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Returns By Period
EUN4.DE
- 1D
- 0.09%
- 1M
- -0.92%
- 6M
- -0.75%
- YTD
- -1.38%
- 1Y
- -0.86%
- 3Y*
- 2.10%
- 5Y*
- -2.28%
- 10Y*
- -0.48%
CBU2.DE
- 1D
- 0.00%
- 1M
- -1.09%
- 6M
- -0.73%
- YTD
- -0.00%
- 1Y
- 0.18%
- 3Y*
- 2.51%
- 5Y*
- —
- 10Y*
- —
EUN4.DE vs. CBU2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EUN4.DE iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | -1.38% | 1.17% | 2.19% | 5.80% |
CBU2.DE iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) | -0.00% | 0.93% | 2.28% | 7.33% |
Correlation
The correlation between EUN4.DE and CBU2.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2023 | 0.88 |
The correlation between EUN4.DE and CBU2.DE has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
EUN4.DE vs. CBU2.DE — Risk / Return Rank
EUN4.DE
CBU2.DE
EUN4.DE vs. CBU2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (EUN4.DE) and iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) (CBU2.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUN4.DE | CBU2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.01 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 0.06 | -0.31 |
| Martin ratioReturn relative to average drawdown | -0.58 | 0.15 | -0.73 |
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Drawdowns
EUN4.DE vs. CBU2.DE - Drawdown Comparison
The maximum EUN4.DE drawdown since its inception was -20.44%, which is greater than CBU2.DE's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for EUN4.DE and CBU2.DE.
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Drawdown Indicators
| EUN4.DE | CBU2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -3.29% | -17.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.06% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.48% | -3.29% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -19.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.44% | — | — |
Current DrawdownCurrent decline from peak | -12.47% | -1.98% | -10.49% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -1.15% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.22% | +0.27% |
Volatility
EUN4.DE vs. CBU2.DE - Volatility Comparison
iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (EUN4.DE) and iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) (CBU2.DE) have volatilities of 1.00% and 0.96%, 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.
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Volatility by Period
| EUN4.DE | CBU2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.96% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 3.49% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 4.12% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 4.85% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 4.85% | -0.21% |
Dividends
EUN4.DE vs. CBU2.DE - Dividend Comparison
EUN4.DE's dividend yield for the trailing twelve months is around 1.29%, while CBU2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBU2.DE iShares € Aggregate Bond ESG SRI UCITS ETF EUR (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% |
EUN4.DE iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | 1.29% | 2.34% | 1.93% | 1.15% | 0.62% | 0.47% | 0.62% | 0.89% | 1.04% | 1.15% | 1.32% | 0.74% |
Frequently Asked Questions
EUN4.DE and CBU2.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs track Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index.
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