EUNA.DE vs. IS3M.DE
EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and IS3M.DE (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged), while IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 5 years, EUNA.DE returned -1.17%/yr vs 2.11%/yr for IS3M.DE. At a 0.06 correlation, their price movements are largely independent. EUNA.DE charges 0.10%/yr vs 0.09%/yr for IS3M.DE.
Performance
EUNA.DE vs. IS3M.DE - Performance Comparison
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Returns By Period
EUNA.DE
- 1D
- 0.00%
- 1M
- 0.81%
- YTD
- -0.00%
- 6M
- 0.41%
- 1Y
- 1.23%
- 3Y*
- 2.33%
- 5Y*
- -1.17%
- 10Y*
- —
IS3M.DE
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 1.00%
- 6M
- 0.96%
- 1Y
- 2.16%
- 3Y*
- 3.30%
- 5Y*
- 2.11%
- 10Y*
- 1.03%
EUNA.DE vs. IS3M.DE - 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 | -0.00% | 2.91% | 1.48% | 4.41% | -13.52% | -2.42% | 3.86% | 5.07% | -1.20% | -0.20% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 1.00% | 2.60% | 4.13% | 3.42% | -0.29% | -0.36% | 0.09% | 0.34% | -0.62% | -0.05% |
Correlation
The correlation between EUNA.DE and IS3M.DE is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | 0.06 |
The correlation between EUNA.DE and IS3M.DE shifts across timeframes, from -0.11 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNA.DE vs. IS3M.DE — Risk / Return Rank
EUNA.DE
IS3M.DE
EUNA.DE vs. IS3M.DE - 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 € Ultrashort Bond UCITS ETF (IS3M.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.
| EUNA.DE | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.59 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 7.25 | -6.82 |
| Martin ratioReturn relative to average drawdown | 1.18 | 45.99 | -44.81 |
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Drawdowns
EUNA.DE vs. IS3M.DE - Drawdown Comparison
The maximum EUNA.DE drawdown since its inception was -17.81%, which is greater than IS3M.DE's maximum drawdown of -3.80%. Use the drawdown chart below to compare losses from any high point for EUNA.DE and IS3M.DE.
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Drawdown Indicators
| EUNA.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -3.80% | -14.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -0.30% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.11% | -0.47% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -1.18% | -15.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.80% | — |
Current DrawdownCurrent decline from peak | -8.16% | 0.00% | -8.16% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -0.28% | -6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.05% | +0.98% |
Volatility
EUNA.DE vs. IS3M.DE - Volatility Comparison
iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) has a higher volatility of 0.94% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 0.34%. This indicates that EUNA.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNA.DE | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.34% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 0.63% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 0.77% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 0.77% | +4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 1.11% | +3.33% |
EUNA.DE vs. IS3M.DE - Expense Ratio Comparison
EUNA.DE has a 0.10% expense ratio, which is higher than IS3M.DE's 0.09% 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. IS3M.DE - Dividend Comparison
EUNA.DE has not paid dividends to shareholders, while IS3M.DE's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) 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% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 2.33% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
Frequently Asked Questions
EUNA.DE and IS3M.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3M.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3M.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for EUNA.DE.
EUNA.DE is categorized as Global Bonds, while IS3M.DE is Ultrashort Bond. EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Their fees differ too: 0.10% for EUNA.DE and 0.09% for IS3M.DE.
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