EUN9.DE vs. EIB3.DE
EUN9.DE (iShares Euro Government Bond 5-7yr UCITS ETF) and EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) are both European Government Bonds funds - EUN9.DE tracks the Bloomberg Euro Government Bond 5-7 while EIB3.DE tracks the Bloomberg Euro Government Select 1-3. Both are passively managed. Over the past 5 years, EUN9.DE returned -1.15%/yr vs 0.63%/yr for EIB3.DE. Their correlation of 0.86 suggests significant overlap in exposure. EUN9.DE charges 0.15%/yr vs 0.10%/yr for EIB3.DE.
Performance
EUN9.DE vs. EIB3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN9.DE achieves a -0.02% return, which is significantly lower than EIB3.DE's 0.19% return.
EUN9.DE
- 1D
- 0.08%
- 1M
- -0.03%
- YTD
- -0.02%
- 6M
- -0.02%
- 1Y
- 0.85%
- 3Y*
- 2.94%
- 5Y*
- -1.15%
- 10Y*
- 0.08%
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.06%
- YTD
- 0.19%
- 6M
- 0.56%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
EUN9.DE vs. EIB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | -0.02% | 2.45% | 1.87% | 6.90% | -14.78% | -1.90% | 2.71% | -2.07% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.19% | 2.14% | 3.03% | 3.39% | -4.93% | -0.76% | -0.13% | -0.51% |
Correlation
The correlation between EUN9.DE and EIB3.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.86 |
Over the past year, the correlation between EUN9.DE and EIB3.DE has dropped to 0.59 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
EUN9.DE vs. EIB3.DE — Risk / Return Rank
EUN9.DE
EIB3.DE
EUN9.DE vs. EIB3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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.
| EUN9.DE | EIB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.06 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 0.50 | -0.39 |
| Martin ratioReturn relative to average drawdown | 0.33 | 1.50 | -1.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUN9.DE | EIB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.26 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.30 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.17 | +0.18 |
Drawdowns
EUN9.DE vs. EIB3.DE - Drawdown Comparison
The maximum EUN9.DE drawdown since its inception was -17.43%, which is greater than EIB3.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for EUN9.DE and EIB3.DE.
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Drawdown Indicators
| EUN9.DE | EIB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.43% | -6.78% | -10.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -1.60% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | -1.60% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -17.35% | -5.91% | -11.44% |
Max Drawdown (10Y)Largest decline over 10 years | -17.43% | — | — |
Current DrawdownCurrent decline from peak | -7.00% | -0.68% | -6.32% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -2.06% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 0.54% | +0.69% |
Volatility
EUN9.DE vs. EIB3.DE - Volatility Comparison
iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) have volatilities of 1.57% and 1.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN9.DE | EIB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.50% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 2.75% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 3.11% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 2.11% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.32% | 1.89% | +2.43% |
EUN9.DE vs. EIB3.DE - Expense Ratio Comparison
EUN9.DE has a 0.15% expense ratio, which is higher than EIB3.DE's 0.10% 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
EUN9.DE vs. EIB3.DE - Dividend Comparison
EUN9.DE's dividend yield for the trailing twelve months is around 2.66%, more than EIB3.DE's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | 2.66% | 2.66% | 2.53% | 0.86% | 0.00% | 0.00% | 0.14% | 0.49% | 0.35% | 0.23% | 0.53% | 0.36% |
Frequently Asked Questions
EUN9.DE and EIB3.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for EUN9.DE.
EUN9.DE tracks Bloomberg Euro Government Bond 5-7, while EIB3.DE tracks Bloomberg Euro Government Select 1-3. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for EUN9.DE and 0.10% for EIB3.DE.
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