EUN5.DE vs. EUNH.DE
EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both exchange-traded funds - EUN5.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond, while EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, EUN5.DE returned 0.64%/yr vs -0.68%/yr for EUNH.DE. A 0.66 correlation means they provide meaningful diversification when combined. EUN5.DE charges 0.20%/yr vs 0.07%/yr for EUNH.DE.
Performance
EUN5.DE vs. EUNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN5.DE achieves a -1.23% return, which is significantly higher than EUNH.DE's -1.68% return. Over the past 10 years, EUN5.DE has outperformed EUNH.DE with an annualized return of 0.64%, while EUNH.DE has yielded a comparatively lower -0.68% annualized return.
EUN5.DE
- 1D
- 0.03%
- 1M
- -0.44%
- 6M
- 0.09%
- YTD
- -1.23%
- 1Y
- -0.34%
- 3Y*
- 3.68%
- 5Y*
- -0.44%
- 10Y*
- 0.64%
EUNH.DE
- 1D
- 0.05%
- 1M
- -1.17%
- 6M
- -0.68%
- YTD
- -1.68%
- 1Y
- -1.04%
- 3Y*
- 1.61%
- 5Y*
- -2.85%
- 10Y*
- -0.68%
EUN5.DE vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | -1.23% | 3.02% | 4.38% | 7.49% | -13.40% | -1.05% | 2.57% | 6.30% | -1.46% | 2.15% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -1.68% | 0.80% | 1.52% | 6.83% | -18.31% | -3.38% | 4.72% | 6.76% | 0.86% | -0.13% |
Correlation
The correlation between EUN5.DE and EUNH.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since May 26, 2009 | 0.66 |
The correlation between EUN5.DE and EUNH.DE shifts across timeframes, from 0.66 (all time) to 0.86 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUN5.DE vs. EUNH.DE — Risk / Return Rank
EUN5.DE
EUNH.DE
EUN5.DE vs. EUNH.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 iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.96 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | -0.32 | +0.22 |
| Martin ratioReturn relative to average drawdown | -0.27 | -0.74 | +0.47 |
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Drawdowns
EUN5.DE vs. EUNH.DE - Drawdown Comparison
The maximum EUN5.DE drawdown since its inception was -17.30%, smaller than the maximum EUNH.DE drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for EUN5.DE and EUNH.DE.
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Drawdown Indicators
| EUN5.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.30% | -22.42% | +5.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -3.59% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -4.10% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -17.30% | -21.53% | +4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -17.30% | -22.42% | +5.12% |
Current DrawdownCurrent decline from peak | -2.81% | -15.48% | +12.67% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -5.88% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.57% | -0.17% |
Volatility
EUN5.DE vs. EUNH.DE - Volatility Comparison
The current volatility for iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) is 0.77%, while iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a volatility of 1.12%. This indicates that EUN5.DE experiences smaller price fluctuations and is considered to be less risky than EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 1.12% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 3.74% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 4.55% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 6.37% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 5.52% | -0.94% |
EUN5.DE vs. EUNH.DE - Expense Ratio Comparison
EUN5.DE has a 0.20% expense ratio, which is higher than EUNH.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
EUN5.DE vs. EUNH.DE - Dividend Comparison
EUN5.DE's dividend yield for the trailing twelve months is around 1.65%, more than EUNH.DE's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 1.65% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 1.31% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
Frequently Asked Questions
EUN5.DE and EUNH.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for EUN5.DE.
EUN5.DE is categorized as European Corporate Bonds, while EUNH.DE is European Government Bonds. EUN5.DE tracks Bloomberg Euro Corporate Bond, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. Their fees differ too: 0.20% for EUN5.DE and 0.07% for EUNH.DE.
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