EUN9.DE vs. VGOV.DE
EUN9.DE (iShares Euro Government Bond 5-7yr UCITS ETF) and VGOV.DE (Vanguard UK Gilt UCITS ETF Distributing) are both European Government Bonds funds - EUN9.DE tracks the Bloomberg Euro Government Bond 5-7 while VGOV.DE tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, EUN9.DE returned -1.15%/yr vs -5.47%/yr for VGOV.DE. A 0.61 correlation means they provide meaningful diversification when combined. EUN9.DE charges 0.15%/yr vs 0.07%/yr for VGOV.DE.
Performance
EUN9.DE vs. VGOV.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 higher than VGOV.DE's -0.51% 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%
VGOV.DE
- 1D
- 0.07%
- 1M
- 0.49%
- YTD
- -0.51%
- 6M
- -0.16%
- 1Y
- -0.62%
- 3Y*
- 2.00%
- 5Y*
- -5.47%
- 10Y*
- —
EUN9.DE vs. VGOV.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% | -0.21% |
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | -0.51% | 0.18% | -0.21% | 5.44% | -30.78% | 1.88% | 2.84% | 13.71% | -1.09% | 2.53% |
Correlation
The correlation between EUN9.DE and VGOV.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.61 |
The correlation between EUN9.DE and VGOV.DE shifts across timeframes, from 0.61 (all time) to 0.72 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUN9.DE vs. VGOV.DE — Risk / Return Rank
EUN9.DE
VGOV.DE
EUN9.DE vs. VGOV.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 Vanguard UK Gilt UCITS ETF Distributing (VGOV.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 | VGOV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.99 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | -0.13 | +0.24 |
| Martin ratioReturn relative to average drawdown | 0.33 | -0.29 | +0.62 |
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 | VGOV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | -0.08 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | -0.42 | +0.21 |
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 | -0.13 | +0.47 |
Drawdowns
EUN9.DE vs. VGOV.DE - Drawdown Comparison
The maximum EUN9.DE drawdown since its inception was -17.43%, smaller than the maximum VGOV.DE drawdown of -40.95%. Use the drawdown chart below to compare losses from any high point for EUN9.DE and VGOV.DE.
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Drawdown Indicators
| EUN9.DE | VGOV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.43% | -40.95% | +23.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -5.37% | +1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | -9.01% | +5.59% |
Max Drawdown (5Y)Largest decline over 5 years | -17.35% | -40.45% | +23.10% |
Max Drawdown (10Y)Largest decline over 10 years | -17.43% | — | — |
Current DrawdownCurrent decline from peak | -7.00% | -30.35% | +23.35% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -16.60% | +12.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.35% | -1.12% |
Volatility
EUN9.DE vs. VGOV.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.DE) is 1.57%, while Vanguard UK Gilt UCITS ETF Distributing (VGOV.DE) has a volatility of 3.34%. This indicates that EUN9.DE experiences smaller price fluctuations and is considered to be less risky than VGOV.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 | VGOV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 3.34% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 6.15% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 7.99% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 12.87% | -7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.32% | 11.86% | -7.54% |
EUN9.DE vs. VGOV.DE - Expense Ratio Comparison
EUN9.DE has a 0.15% expense ratio, which is higher than VGOV.DE's 0.07% 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. VGOV.DE - Dividend Comparison
EUN9.DE's dividend yield for the trailing twelve months is around 2.66%, less than VGOV.DE's 4.59% yield.
| 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% |
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 4.59% | 4.59% | 4.08% | 3.17% | 1.94% | 1.07% | 1.18% | 1.34% | 1.60% | 0.27% | 0.00% | 0.00% |
Frequently Asked Questions
EUN9.DE and VGOV.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGOV.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGOV.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for EUN9.DE.
EUN9.DE tracks Bloomberg Euro Government Bond 5-7, while VGOV.DE tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.15% for EUN9.DE and 0.07% for VGOV.DE.
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