EUN9.DE vs. IUSQ.DE
EUN9.DE (iShares Euro Government Bond 5-7yr UCITS ETF) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - EUN9.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 5-7, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, EUN9.DE returned 0.08%/yr vs 12.38%/yr for IUSQ.DE. At a 0.05 correlation, their price movements are largely independent. EUN9.DE charges 0.15%/yr vs 0.20%/yr for IUSQ.DE.
Performance
EUN9.DE vs. IUSQ.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 IUSQ.DE's 12.65% return. Over the past 10 years, EUN9.DE has underperformed IUSQ.DE with an annualized return of 0.08%, while IUSQ.DE has yielded a comparatively higher 12.38% annualized 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%
IUSQ.DE
- 1D
- -0.23%
- 1M
- 3.68%
- YTD
- 12.65%
- 6M
- 12.87%
- 1Y
- 26.39%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
EUN9.DE vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | -0.02% | 2.45% | 1.87% | 6.90% | -14.78% | -1.90% | 2.71% | 4.34% | 0.55% | 0.34% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
Correlation
The correlation between EUN9.DE and IUSQ.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2011 | 0.05 |
Over the past year, EUN9.DE and IUSQ.DE have become more correlated (0.30) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
EUN9.DE vs. IUSQ.DE — Risk / Return Rank
EUN9.DE
IUSQ.DE
EUN9.DE vs. IUSQ.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 iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.43 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 4.08 | -3.96 |
| Martin ratioReturn relative to average drawdown | 0.33 | 16.69 | -16.36 |
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 | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 2.31 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.88 | -1.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.02 | 0.82 | -0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.76 | -0.42 |
Drawdowns
EUN9.DE vs. IUSQ.DE - Drawdown Comparison
The maximum EUN9.DE drawdown since its inception was -17.43%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for EUN9.DE and IUSQ.DE.
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Drawdown Indicators
| EUN9.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.43% | -33.60% | +16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -6.48% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | -21.25% | +17.83% |
Max Drawdown (5Y)Largest decline over 5 years | -17.35% | -21.25% | +3.90% |
Max Drawdown (10Y)Largest decline over 10 years | -17.43% | -33.60% | +16.17% |
Current DrawdownCurrent decline from peak | -7.00% | -0.55% | -6.45% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -4.19% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.59% | -0.36% |
Volatility
EUN9.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.DE) is 1.57%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.03%. This indicates that EUN9.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN9.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 3.03% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 8.26% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 11.47% | -7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 13.94% | -8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.32% | 15.02% | -10.70% |
EUN9.DE vs. IUSQ.DE - Expense Ratio Comparison
EUN9.DE has a 0.15% expense ratio, which is lower than IUSQ.DE's 0.20% 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
EUN9.DE vs. IUSQ.DE - Dividend Comparison
EUN9.DE's dividend yield for the trailing twelve months is around 2.66%, while IUSQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUN9.DE and IUSQ.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN9.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN9.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IUSQ.DE.
EUN9.DE is categorized as European Government Bonds, while IUSQ.DE is Global Equities. EUN9.DE tracks Bloomberg Euro Government Bond 5-7, while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.15% for EUN9.DE and 0.20% for IUSQ.DE.
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