EUNA.DE vs. CU31.L
EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and CU31.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged), while CU31.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, EUNA.DE returned -1.29%/yr vs 2.78%/yr for CU31.L. At a correlation of -0.00, they often move in opposite directions. EUNA.DE charges 0.10%/yr vs 0.07%/yr for CU31.L.
Performance
EUNA.DE vs. CU31.L - Performance Comparison
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Different Trading Currencies
EUNA.DE is traded in EUR, while CU31.L is traded in GBp. To make them comparable, the CU31.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNA.DE achieves a -0.46% return, which is significantly lower than CU31.L's 1.56% return.
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
CU31.L
- 1D
- 0.02%
- 1M
- 0.93%
- YTD
- 1.56%
- 6M
- 1.31%
- 1Y
- 1.69%
- 3Y*
- 1.34%
- 5Y*
- 2.78%
- 10Y*
- 1.51%
EUNA.DE vs. CU31.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 5.06% | -1.17% | -0.54% |
CU31.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 1.56% | -7.09% | 10.92% | 0.51% | 2.12% | 7.17% | -5.81% | 6.67% | 5.93% | -2.02% |
Correlation
The correlation between EUNA.DE and CU31.L is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | -0.00 |
Over the past year, the inverse relationship between EUNA.DE and CU31.L has strengthened: their correlation has moved from -0.00 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
EUNA.DE vs. CU31.L — Risk / Return Rank
EUNA.DE
CU31.L
EUNA.DE vs. CU31.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L). 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.
| EUNA.DE | CU31.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.48 | -0.06 |
| Martin ratioReturn relative to average drawdown | 1.18 | 1.10 | +0.08 |
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
| EUNA.DE | CU31.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.29 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | 0.36 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.29 | -0.34 |
Drawdowns
EUNA.DE vs. CU31.L - Drawdown Comparison
The maximum EUNA.DE drawdown since its inception was -17.79%, roughly equal to the maximum CU31.L drawdown of -16.95%. Use the drawdown chart below to compare losses from any high point for EUNA.DE and CU31.L.
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Drawdown Indicators
| EUNA.DE | CU31.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -16.95% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -3.46% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -10.91% | +6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -17.03% | -12.79% | -4.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.95% | — |
Current DrawdownCurrent decline from peak | -8.66% | -6.97% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -6.22% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.53% | -0.54% |
Volatility
EUNA.DE vs. CU31.L - Volatility Comparison
iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) have volatilities of 1.35% and 1.29%, 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
| EUNA.DE | CU31.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.29% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 4.12% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 5.85% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 7.66% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 7.70% | -3.43% |
EUNA.DE vs. CU31.L - Expense Ratio Comparison
EUNA.DE has a 0.10% expense ratio, which is higher than CU31.L'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
EUNA.DE vs. CU31.L - Dividend Comparison
Neither EUNA.DE nor CU31.L has paid dividends to shareholders.
Frequently Asked Questions
EUNA.DE and CU31.L have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CU31.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CU31.L is cheaper with a 0.07% expense ratio, compared with 0.10% for EUNA.DE.
EUNA.DE is categorized as Global Bonds, while CU31.L is Government Bonds. EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while CU31.L tracks ICE US Treasury 1-3 Year Index. Their fees differ too: 0.10% for EUNA.DE and 0.07% for CU31.L.
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