EUN6.DE vs. XUTE.DE
EUN6.DE (iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist)) and XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) are both Government Bonds funds - EUN6.DE tracks the Bloomberg Euro Short Treasury (0-12 Month) Bond Index while XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged). Both are passively managed. Over the past 5 years, EUN6.DE returned 1.42%/yr vs -2.70%/yr for XUTE.DE. At a 0.14 correlation, their price movements are largely independent. EUN6.DE charges 0.07%/yr vs 0.10%/yr for XUTE.DE.
Performance
EUN6.DE vs. XUTE.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 XUTE.DE's -1.14% 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%
XUTE.DE
- 1D
- 0.15%
- 1M
- -0.35%
- 6M
- -1.25%
- YTD
- -1.14%
- 1Y
- 1.57%
- 3Y*
- 0.91%
- 5Y*
- -2.70%
- 10Y*
- —
EUN6.DE vs. XUTE.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) | 0.05% | 2.16% | 3.57% | 2.74% | -1.00% | -0.70% | -0.60% | -0.54% | -0.66% | -0.74% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -1.14% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | 6.64% | 3.87% | -2.07% | 0.41% |
Correlation
The correlation between EUN6.DE and XUTE.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016 | 0.14 |
The correlation between EUN6.DE and XUTE.DE shifts across timeframes, from 0.14 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUN6.DE vs. XUTE.DE — Risk / Return Rank
EUN6.DE
XUTE.DE
EUN6.DE vs. XUTE.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 US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.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 | XUTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.07 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.45 | +0.43 |
| Martin ratioReturn relative to average drawdown | 1.93 | 1.11 | +0.82 |
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Drawdowns
EUN6.DE vs. XUTE.DE - Drawdown Comparison
The maximum EUN6.DE drawdown since its inception was -4.94%, smaller than the maximum XUTE.DE drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for EUN6.DE and XUTE.DE.
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Drawdown Indicators
| EUN6.DE | XUTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.94% | -23.77% | +18.83% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -3.49% | +2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -5.77% | +4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -1.48% | -20.57% | +19.09% |
Max Drawdown (10Y)Largest decline over 10 years | -4.51% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -17.02% | +16.94% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -9.87% | +8.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.41% | -0.97% |
Volatility
EUN6.DE vs. XUTE.DE - Volatility Comparison
The current volatility for iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) is 0.12%, while Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) has a volatility of 0.98%. This indicates that EUN6.DE experiences smaller price fluctuations and is considered to be less risky than XUTE.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 | XUTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 0.98% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 0.58% | 2.75% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.17% | 3.71% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.80% | 5.71% | -4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.70% | 5.08% | -4.38% |
EUN6.DE vs. XUTE.DE - Expense Ratio Comparison
EUN6.DE has a 0.07% expense ratio, which is lower than XUTE.DE's 0.10% 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. XUTE.DE - Dividend Comparison
EUN6.DE's dividend yield for the trailing twelve months is around 1.21%, less than XUTE.DE's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 1.21% | 2.79% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | 3.40% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% |
Frequently Asked Questions
EUN6.DE and XUTE.DE have a correlation of 0.33, 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 0.10% for XUTE.DE.
EUN6.DE tracks Bloomberg Euro Short Treasury (0-12 Month) Bond Index, while XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for EUN6.DE and 0.10% for XUTE.DE.
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