EUN5.DE vs. DEAM.DE
EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) and DEAM.DE (Invesco MDAX UCITS ETF A) are both exchange-traded funds - EUN5.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond, while DEAM.DE is a Europe Equities fund tracking the MDAX®. Both are passively managed. Over the past 5 years, EUN5.DE returned 0.23%/yr vs -1.92%/yr for DEAM.DE. At a 0.33 correlation, their price movements are largely independent. EUN5.DE charges 0.20%/yr vs 0.19%/yr for DEAM.DE.
Performance
EUN5.DE vs. DEAM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN5.DE achieves a 1.25% return, which is significantly lower than DEAM.DE's 3.95% return.
EUN5.DE
- 1D
- 0.11%
- 1M
- 0.75%
- YTD
- 1.25%
- 6M
- 1.35%
- 1Y
- 2.42%
- 3Y*
- 4.77%
- 5Y*
- 0.23%
- 10Y*
- 1.09%
DEAM.DE
- 1D
- 0.61%
- 1M
- -2.26%
- YTD
- 3.95%
- 6M
- 5.04%
- 1Y
- 6.32%
- 3Y*
- 5.52%
- 5Y*
- -1.92%
- 10Y*
- —
EUN5.DE vs. DEAM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 1.25% | 3.02% | 4.38% | 7.49% | -13.40% | -1.05% | 2.57% | 4.60% |
DEAM.DE Invesco MDAX UCITS ETF A | 3.95% | 19.33% | -6.04% | 7.34% | -28.80% | 13.67% | 8.06% | 20.37% |
Correlation
The correlation between EUN5.DE and DEAM.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2019 | 0.33 |
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Return for Risk
EUN5.DE vs. DEAM.DE — Risk / Return Rank
EUN5.DE
DEAM.DE
EUN5.DE vs. DEAM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) and Invesco MDAX UCITS ETF A (DEAM.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.
| EUN5.DE | DEAM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.42 | +0.47 |
| Martin ratioReturn relative to average drawdown | 3.08 | 1.19 | +1.89 |
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Drawdowns
EUN5.DE vs. DEAM.DE - Drawdown Comparison
The maximum EUN5.DE drawdown since its inception was -17.30%, smaller than the maximum DEAM.DE drawdown of -40.04%. Use the drawdown chart below to compare losses from any high point for EUN5.DE and DEAM.DE.
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Drawdown Indicators
| EUN5.DE | DEAM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.30% | -40.04% | +22.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -14.95% | +12.24% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -18.48% | +15.77% |
Max Drawdown (5Y)Largest decline over 5 years | -17.30% | -40.04% | +22.74% |
Max Drawdown (10Y)Largest decline over 10 years | -17.30% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -13.72% | +13.36% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -16.21% | +13.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 5.31% | -4.52% |
Volatility
EUN5.DE vs. DEAM.DE - Volatility Comparison
The current volatility for iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) is 0.74%, while Invesco MDAX UCITS ETF A (DEAM.DE) has a volatility of 5.05%. This indicates that EUN5.DE experiences smaller price fluctuations and is considered to be less risky than DEAM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN5.DE | DEAM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 5.05% | -4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 15.72% | -12.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 18.59% | -15.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 19.34% | -14.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 19.58% | -15.03% |
EUN5.DE vs. DEAM.DE - Expense Ratio Comparison
EUN5.DE has a 0.20% expense ratio, which is higher than DEAM.DE's 0.19% 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
EUN5.DE vs. DEAM.DE - Dividend Comparison
EUN5.DE's dividend yield for the trailing twelve months is around 3.31%, while DEAM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 3.31% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
Frequently Asked Questions
EUN5.DE and DEAM.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for EUN5.DE.
EUN5.DE is categorized as European Corporate Bonds, while DEAM.DE is Europe Equities. EUN5.DE tracks Bloomberg Euro Corporate Bond, while DEAM.DE tracks MDAX®. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for EUN5.DE and 0.19% for DEAM.DE.
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