EUN6.DE vs. XBO2.DE
EUN6.DE (iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist)) and XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) are both Government Bonds funds - EUN6.DE tracks the Bloomberg Euro Short Treasury (0-12 Month) Bond Index while XBO2.DE tracks the FTSE Eurozone BOT Index. Both are passively managed. Over the past 10 years, EUN6.DE returned 0.49%/yr vs 0.70%/yr for XBO2.DE. At a 0.20 correlation, their price movements are largely independent. EUN6.DE charges 0.07%/yr vs 0.15%/yr for XBO2.DE.
Performance
EUN6.DE vs. XBO2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN6.DE achieves a 1.02% return, which is significantly higher than XBO2.DE's 0.62% return. Over the past 10 years, EUN6.DE has underperformed XBO2.DE with an annualized return of 0.49%, while XBO2.DE has yielded a comparatively higher 0.70% annualized return.
EUN6.DE
- 1D
- -0.01%
- 1M
- 0.23%
- 6M
- 0.95%
- YTD
- 1.02%
- 1Y
- 1.89%
- 3Y*
- 2.83%
- 5Y*
- 1.62%
- 10Y*
- 0.49%
XBO2.DE
- 1D
- 0.03%
- 1M
- 0.21%
- 6M
- 0.62%
- YTD
- 0.62%
- 1Y
- 1.79%
- 3Y*
- 2.85%
- 5Y*
- 1.71%
- 10Y*
- 0.70%
EUN6.DE vs. XBO2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 1.02% | 2.16% | 3.57% | 2.74% | -1.00% | -0.70% | -0.60% | -0.54% | -0.66% | -0.74% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.62% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | 0.03% | -0.47% | -0.44% |
Correlation
The correlation between EUN6.DE and XBO2.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.20 |
The correlation between EUN6.DE and XBO2.DE shifts across timeframes, from 0.05 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUN6.DE vs. XBO2.DE — Risk / Return Rank
EUN6.DE
XBO2.DE
EUN6.DE vs. XBO2.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 Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.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 | XBO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.75 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.22 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | 1.59 | +4.25 |
| Martin ratioReturn relative to average drawdown | 22.30 | 4.48 | +17.82 |
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Drawdowns
EUN6.DE vs. XBO2.DE - Drawdown Comparison
The maximum EUN6.DE drawdown since its inception was -4.94%, which is greater than XBO2.DE's maximum drawdown of -3.92%. Use the drawdown chart below to compare losses from any high point for EUN6.DE and XBO2.DE.
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Drawdown Indicators
| EUN6.DE | XBO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.94% | -3.92% | -1.02% |
Max Drawdown (1Y)Largest decline over 1 year | -0.32% | -1.12% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -0.77% | -1.12% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -1.49% | -1.34% | -0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -4.54% | -3.77% | -0.77% |
Current DrawdownCurrent decline from peak | -0.08% | -0.52% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -0.71% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.40% | -0.32% |
Volatility
EUN6.DE vs. XBO2.DE - Volatility Comparison
The current volatility for iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) is 0.09%, while Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) has a volatility of 1.10%. This indicates that EUN6.DE experiences smaller price fluctuations and is considered to be less risky than XBO2.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 | XBO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 1.10% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.57% | 2.53% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.64% | 3.08% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.67% | 1.44% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.63% | 1.60% | -0.97% |
EUN6.DE vs. XBO2.DE - Expense Ratio Comparison
EUN6.DE has a 0.07% expense ratio, which is lower than XBO2.DE's 0.15% 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. XBO2.DE - Dividend Comparison
EUN6.DE's dividend yield for the trailing twelve months is around 2.19%, while XBO2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 2.19% | 2.79% | 2.18% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUN6.DE and XBO2.DE have a correlation of 0.05, 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 0.15% for XBO2.DE.
EUN6.DE tracks Bloomberg Euro Short Treasury (0-12 Month) Bond Index, while XBO2.DE tracks FTSE Eurozone BOT Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for EUN6.DE and 0.15% for XBO2.DE.
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