EUNH.DE vs. DE5A.DE
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - EUNH.DE tracks the Bloomberg Euro Aggregate Treasury while DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond. Both are passively managed. Over the past 10 years, EUNH.DE returned -0.32%/yr vs -1.18%/yr for DE5A.DE. Their correlation of 0.85 suggests significant overlap in exposure. EUNH.DE charges 0.07%/yr vs 0.14%/yr for DE5A.DE.
Performance
EUNH.DE vs. DE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNH.DE achieves a -0.06% return, which is significantly lower than DE5A.DE's 0.27% return. Over the past 10 years, EUNH.DE has outperformed DE5A.DE with an annualized return of -0.32%, while DE5A.DE has yielded a comparatively lower -1.18% 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%
DE5A.DE
- 1D
- 0.08%
- 1M
- -0.09%
- YTD
- 0.27%
- 6M
- 0.19%
- 1Y
- -0.43%
- 3Y*
- 1.24%
- 5Y*
- -3.17%
- 10Y*
- -1.18%
EUNH.DE vs. DE5A.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% |
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.27% | -0.65% | -0.40% | 5.80% | -19.06% | -3.67% | 3.70% | 4.28% | 1.66% | -0.73% |
Correlation
The correlation between EUNH.DE and DE5A.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2011 | 0.85 |
The correlation between EUNH.DE and DE5A.DE shifts across timeframes, from 0.85 (all time) to 0.97 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNH.DE vs. DE5A.DE — Risk / Return Rank
EUNH.DE
DE5A.DE
EUNH.DE vs. DE5A.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 Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.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 | DE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.97 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.26 | +0.23 |
| Martin ratioReturn relative to average drawdown | -0.08 | -0.58 | +0.50 |
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 | DE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.20 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.49 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | -0.22 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.22 | +0.03 |
Drawdowns
EUNH.DE vs. DE5A.DE - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.43%, smaller than the maximum DE5A.DE drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and DE5A.DE.
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Drawdown Indicators
| EUNH.DE | DE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -24.92% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.13% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -4.45% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -22.78% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -24.92% | +2.49% |
Current DrawdownCurrent decline from peak | -14.10% | -19.43% | +5.33% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -7.30% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.42% | -0.07% |
Volatility
EUNH.DE vs. DE5A.DE - Volatility Comparison
iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) and Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) have volatilities of 1.72% and 1.71%, 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
| EUNH.DE | DE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.71% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 3.44% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 4.19% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 6.45% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 5.37% | +0.15% |
EUNH.DE vs. DE5A.DE - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is lower than DE5A.DE's 0.14% 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. DE5A.DE - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 2.49%, while DE5A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 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
With a correlation of 0.97, EUNH.DE and DE5A.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 0.14% for DE5A.DE.
EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for EUNH.DE and 0.14% for DE5A.DE.
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