EUN6.DE vs. UEEG.DE
EUN6.DE (iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist)) and UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) are both Government Bonds funds from iShares - EUN6.DE tracks the Bloomberg Euro Short Treasury (0-12 Month) Bond Index while UEEG.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged). Both are passively managed. Over the past 5 years, EUN6.DE returned 1.42%/yr vs -1.03%/yr for UEEG.DE. At a 0.17 correlation, their price movements are largely independent. EUN6.DE charges 0.07%/yr vs 0.18%/yr for UEEG.DE.
Performance
EUN6.DE vs. UEEG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN6.DE achieves a 0.05% return, which is significantly higher than UEEG.DE's -1.05% return.
EUN6.DE
- 1D
- 0.01%
- 1M
- 0.15%
- 6M
- -0.08%
- YTD
- 0.05%
- 1Y
- 0.86%
- 3Y*
- 2.48%
- 5Y*
- 1.42%
- 10Y*
- 0.39%
UEEG.DE
- 1D
- 0.21%
- 1M
- -0.21%
- 6M
- -0.85%
- YTD
- -1.05%
- 1Y
- 1.08%
- 3Y*
- 2.00%
- 5Y*
- -1.03%
- 10Y*
- —
EUN6.DE vs. UEEG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 0.05% | 2.16% | 3.57% | 2.74% | -1.00% | -0.70% | -0.20% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -1.05% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
Correlation
The correlation between EUN6.DE and UEEG.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.17 |
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Return for Risk
EUN6.DE vs. UEEG.DE — Risk / Return Rank
EUN6.DE
UEEG.DE
EUN6.DE vs. UEEG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) and iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.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.
| EUN6.DE | UEEG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.06 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.47 | +0.41 |
| Martin ratioReturn relative to average drawdown | 1.93 | 1.08 | +0.85 |
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Drawdowns
EUN6.DE vs. UEEG.DE - Drawdown Comparison
The maximum EUN6.DE drawdown since its inception was -4.94%, smaller than the maximum UEEG.DE drawdown of -13.77%. Use the drawdown chart below to compare losses from any high point for EUN6.DE and UEEG.DE.
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Drawdown Indicators
| EUN6.DE | UEEG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.94% | -13.77% | +8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -2.30% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -3.22% | +2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -1.48% | -12.90% | +11.42% |
Max Drawdown (10Y)Largest decline over 10 years | -4.51% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -6.39% | +6.31% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -7.24% | +5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.00% | -0.56% |
Volatility
EUN6.DE vs. UEEG.DE - Volatility Comparison
The current volatility for iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) is 0.12%, while iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) has a volatility of 1.00%. This indicates that EUN6.DE experiences smaller price fluctuations and is considered to be less risky than UEEG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN6.DE | UEEG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 1.00% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 0.58% | 2.81% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.17% | 3.62% | -2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.80% | 4.30% | -3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.70% | 4.03% | -3.33% |
EUN6.DE vs. UEEG.DE - Expense Ratio Comparison
EUN6.DE has a 0.07% expense ratio, which is lower than UEEG.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUN6.DE vs. UEEG.DE - Dividend Comparison
EUN6.DE's dividend yield for the trailing twelve months is around 1.21%, while UEEG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 1.21% | 2.79% | 2.18% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUN6.DE and UEEG.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN6.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN6.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for UEEG.DE.
EUN6.DE tracks Bloomberg Euro Short Treasury (0-12 Month) Bond Index, while UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged). Their fees differ too: 0.07% for EUN6.DE and 0.18% for UEEG.DE.
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