EUNH.DE vs. EUNL.DE
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, EUNH.DE returned -0.32%/yr vs 12.82%/yr for EUNL.DE. At a 0.02 correlation, their price movements are largely independent. EUNH.DE charges 0.07%/yr vs 0.20%/yr for EUNL.DE.
Performance
EUNH.DE vs. EUNL.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 EUNL.DE's 10.86% return. Over the past 10 years, EUNH.DE has underperformed EUNL.DE with an annualized return of -0.32%, while EUNL.DE has yielded a comparatively higher 12.82% 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%
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
EUNH.DE vs. EUNL.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% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
Correlation
The correlation between EUNH.DE and EUNL.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | 0.02 |
Over the past year, EUNH.DE and EUNL.DE have become more correlated (0.33) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
EUNH.DE vs. EUNL.DE — Risk / Return Rank
EUNH.DE
EUNL.DE
EUNH.DE vs. EUNL.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 iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.40 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 3.64 | -3.67 |
| Martin ratioReturn relative to average drawdown | -0.08 | 14.52 | -14.60 |
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 | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.12 | -2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.90 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | 0.84 | -0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.82 | -0.57 |
Drawdowns
EUNH.DE vs. EUNL.DE - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.43%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and EUNL.DE.
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Drawdown Indicators
| EUNH.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -33.63% | +11.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -6.50% | +3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -21.73% | +17.63% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -21.73% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -33.63% | +11.20% |
Current DrawdownCurrent decline from peak | -14.10% | -0.31% | -13.79% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -4.25% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.64% | -0.29% |
Volatility
EUNH.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) is 1.72%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that EUNH.DE experiences smaller price fluctuations and is considered to be less risky than EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 2.62% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 7.72% | -4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 11.16% | -6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 14.17% | -7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 15.17% | -9.65% |
EUNH.DE vs. EUNL.DE - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is lower than EUNL.DE's 0.20% 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. EUNL.DE - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 2.49%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (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% |
Frequently Asked Questions
EUNH.DE and EUNL.DE have a correlation of 0.33, 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 0.20% for EUNL.DE.
EUNH.DE is categorized as European Government Bonds, while EUNL.DE is Global Equities. EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.07% for EUNH.DE and 0.20% for EUNL.DE.
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