EUNH.DE vs. D5BB.DE
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and D5BB.DE (Xtrackers II Germany Government Bond UCITS ETF) are both European Government Bonds funds - EUNH.DE tracks the Bloomberg Euro Aggregate Treasury while D5BB.DE tracks the iBoxx® EUR Germany. Both are passively managed. Over the past 10 years, EUNH.DE returned -0.32%/yr vs -1.28%/yr for D5BB.DE. A 0.75 correlation means they provide meaningful diversification when combined. EUNH.DE charges 0.07%/yr vs 0.15%/yr for D5BB.DE.
Performance
EUNH.DE vs. D5BB.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with EUNH.DE at -0.06% and D5BB.DE at -0.06%. Over the past 10 years, EUNH.DE has outperformed D5BB.DE with an annualized return of -0.32%, while D5BB.DE has yielded a comparatively lower -1.28% 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%
D5BB.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- -0.06%
- 6M
- -0.23%
- 1Y
- -0.99%
- 3Y*
- 0.85%
- 5Y*
- -3.03%
- 10Y*
- -1.28%
EUNH.DE vs. D5BB.DE - 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% |
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | -0.06% | -1.48% | 0.17% | 5.19% | -17.79% | -2.56% | 2.70% | 2.83% | 2.38% | -1.64% |
Correlation
The correlation between EUNH.DE and D5BB.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2010 | 0.75 |
The correlation between EUNH.DE and D5BB.DE shifts across timeframes, from 0.75 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNH.DE vs. D5BB.DE — Risk / Return Rank
EUNH.DE
D5BB.DE
EUNH.DE vs. D5BB.DE - 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 Xtrackers II Germany Government Bond UCITS ETF (D5BB.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.
| EUNH.DE | D5BB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.94 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.48 | +0.45 |
| Martin ratioReturn relative to average drawdown | -0.08 | -1.00 | +0.92 |
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 | D5BB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.37 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.49 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | -0.24 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.17 | +0.08 |
Drawdowns
EUNH.DE vs. D5BB.DE - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.43%, smaller than the maximum D5BB.DE drawdown of -23.86%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and D5BB.DE.
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Drawdown Indicators
| EUNH.DE | D5BB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -23.86% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -2.88% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -4.96% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -21.18% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -23.86% | +1.43% |
Current DrawdownCurrent decline from peak | -14.10% | -19.30% | +5.20% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -6.98% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.39% | -0.04% |
Volatility
EUNH.DE vs. D5BB.DE - Volatility Comparison
iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a higher volatility of 1.72% compared to Xtrackers II Germany Government Bond UCITS ETF (D5BB.DE) at 1.45%. This indicates that EUNH.DE's price experiences larger fluctuations and is considered to be riskier than D5BB.DE 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 | D5BB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.45% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 2.97% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 3.70% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 6.10% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 5.26% | +0.26% |
EUNH.DE vs. D5BB.DE - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is lower than D5BB.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
EUNH.DE vs. D5BB.DE - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 2.49%, more than D5BB.DE's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D5BB.DE Xtrackers II Germany Government Bond UCITS ETF | 1.70% | 1.58% | 1.36% | 1.13% | 1.79% | 1.15% | 0.00% | 0.00% | 0.00% | 0.56% | 0.00% | 0.77% |
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
With a correlation of 0.94, EUNH.DE and D5BB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 D5BB.DE.
EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while D5BB.DE tracks iBoxx® EUR Germany. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for EUNH.DE and 0.15% for D5BB.DE.
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