EUNH.DE vs. CE01.L
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) are both European Government Bonds funds from iShares - EUNH.DE tracks the Bloomberg Euro Aggregate Treasury while CE01.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, EUNH.DE returned -0.32%/yr vs -0.16%/yr for CE01.L. A 0.76 correlation means they provide meaningful diversification when combined. EUNH.DE charges 0.07%/yr vs 0.15%/yr for CE01.L.
Performance
EUNH.DE vs. CE01.L - Performance Comparison
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Different Trading Currencies
EUNH.DE is traded in EUR, while CE01.L is traded in GBp. To make them comparable, the CE01.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNH.DE achieves a -0.06% return, which is significantly lower than CE01.L's -0.03% return. Over the past 10 years, EUNH.DE has underperformed CE01.L with an annualized return of -0.32%, while CE01.L has yielded a comparatively higher -0.16% annualized return.
EUNH.DE
- 1D
- 0.04%
- 1M
- -0.08%
- YTD
- -0.06%
- 6M
- 0.09%
- 1Y
- 0.30%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
CE01.L
- 1D
- 0.14%
- 1M
- 0.78%
- YTD
- -0.03%
- 6M
- 0.05%
- 1Y
- 0.23%
- 3Y*
- 2.55%
- 5Y*
- -2.33%
- 10Y*
- -0.16%
EUNH.DE vs. CE01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 4.72% | 6.76% | 0.85% | -0.13% |
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | -0.01% | 1.30% | 1.12% | 8.86% | -19.74% | -3.67% | 4.08% | 7.77% | 0.80% | 0.43% |
Correlation
The correlation between EUNH.DE and CE01.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.76 |
The correlation between EUNH.DE and CE01.L shifts across timeframes, from 0.76 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNH.DE vs. CE01.L — Risk / Return Rank
EUNH.DE
CE01.L
EUNH.DE vs. CE01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) and iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.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.
| EUNH.DE | CE01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.05 | -0.08 |
| Martin ratioReturn relative to average drawdown | -0.08 | 0.14 | -0.22 |
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
| EUNH.DE | CE01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.05 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.29 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | -0.02 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.21 | +0.05 |
Drawdowns
EUNH.DE vs. CE01.L - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.43%, smaller than the maximum CE01.L drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and CE01.L.
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Drawdown Indicators
| EUNH.DE | CE01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -23.73% | +1.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -4.39% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -4.87% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -23.15% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -23.73% | +1.30% |
Current DrawdownCurrent decline from peak | -14.10% | -14.05% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -6.81% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.61% | -0.26% |
Volatility
EUNH.DE vs. CE01.L - Volatility Comparison
The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) is 1.72%, while iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) has a volatility of 1.84%. This indicates that EUNH.DE experiences smaller price fluctuations and is considered to be less risky than CE01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNH.DE | CE01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.84% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 4.19% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 5.14% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 8.01% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 7.15% | -1.63% |
EUNH.DE vs. CE01.L - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is lower than CE01.L'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
EUNH.DE vs. CE01.L - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 2.49%, while CE01.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr 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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
Frequently Asked Questions
EUNH.DE and CE01.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for CE01.L.
EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while CE01.L tracks Bloomberg Euro Agg Govt TR EUR. Their fees differ too: 0.07% for EUNH.DE and 0.15% for CE01.L.
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