EUNA.DE vs. XY4P.DE
EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and XY4P.DE (Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF) are both exchange-traded funds - EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged), while XY4P.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone Yield Plus. Both are passively managed. Over the past 5 years, EUNA.DE returned -1.29%/yr vs -1.34%/yr for XY4P.DE. A 0.66 correlation means they provide meaningful diversification when combined. EUNA.DE charges 0.10%/yr vs 0.15%/yr for XY4P.DE.
Performance
EUNA.DE vs. XY4P.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNA.DE achieves a -0.46% return, which is significantly lower than XY4P.DE's -0.03% return.
EUNA.DE
- 1D
- 0.22%
- 1M
- -0.12%
- YTD
- -0.46%
- 6M
- -0.07%
- 1Y
- 1.32%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
XY4P.DE
- 1D
- 0.06%
- 1M
- -0.03%
- YTD
- -0.03%
- 6M
- 0.03%
- 1Y
- 0.60%
- 3Y*
- 3.35%
- 5Y*
- -1.34%
- 10Y*
- 0.56%
EUNA.DE vs. XY4P.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 | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 5.06% | -1.17% | -0.54% |
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | -0.03% | 1.69% | 3.52% | 8.01% | -17.35% | -2.95% | 5.93% | 9.55% | -0.61% | -1.11% |
Correlation
The correlation between EUNA.DE and XY4P.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.66 |
The correlation between EUNA.DE and XY4P.DE shifts across timeframes, from 0.66 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNA.DE vs. XY4P.DE — Risk / Return Rank
EUNA.DE
XY4P.DE
EUNA.DE vs. XY4P.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 Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.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.
| EUNA.DE | XY4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.07 | +0.36 |
| Martin ratioReturn relative to average drawdown | 1.18 | 0.19 | +0.99 |
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 | XY4P.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.06 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | -0.20 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.40 | -0.45 |
Drawdowns
EUNA.DE vs. XY4P.DE - Drawdown Comparison
The maximum EUNA.DE drawdown since its inception was -17.79%, smaller than the maximum XY4P.DE drawdown of -20.52%. Use the drawdown chart below to compare losses from any high point for EUNA.DE and XY4P.DE.
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Drawdown Indicators
| EUNA.DE | XY4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -20.52% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -3.95% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -4.07% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.03% | -20.11% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.52% | — |
Current DrawdownCurrent decline from peak | -8.66% | -9.19% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -5.49% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.43% | -0.44% |
Volatility
EUNA.DE vs. XY4P.DE - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) is 1.35%, while Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) has a volatility of 1.77%. This indicates that EUNA.DE experiences smaller price fluctuations and is considered to be less risky than XY4P.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 | XY4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.77% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 3.88% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 4.57% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 6.49% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 6.49% | -2.22% |
EUNA.DE vs. XY4P.DE - Expense Ratio Comparison
EUNA.DE has a 0.10% expense ratio, which is lower than XY4P.DE's 0.15% 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
EUNA.DE vs. XY4P.DE - Dividend Comparison
Neither EUNA.DE nor XY4P.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNA.DE and XY4P.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for XY4P.DE.
EUNA.DE is categorized as Global Bonds, while XY4P.DE is European Government Bonds. EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while XY4P.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.10% for EUNA.DE and 0.15% for XY4P.DE.
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