EUNH.DE vs. EUNU.DE
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and EUNU.DE (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) are both exchange-traded funds - EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while EUNU.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond. Both are passively managed. Over the past 5 years, EUNH.DE returned -2.27%/yr vs -0.25%/yr for EUNU.DE. A 0.55 correlation means they provide meaningful diversification when combined. EUNH.DE charges 0.07%/yr vs 0.10%/yr for EUNU.DE.
Performance
EUNH.DE vs. EUNU.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 higher than EUNU.DE's -0.39% 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%
EUNU.DE
- 1D
- 0.02%
- 1M
- 0.44%
- YTD
- -0.39%
- 6M
- -0.91%
- 1Y
- -0.79%
- 3Y*
- 1.03%
- 5Y*
- -0.25%
- 10Y*
- —
EUNH.DE vs. EUNU.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% | -1.06% |
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | -0.39% | -4.02% | 5.70% | 4.05% | -10.69% | 4.64% | 0.21% | 10.21% | 4.60% | -1.59% |
Correlation
The correlation between EUNH.DE and EUNU.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.55 |
The correlation between EUNH.DE and EUNU.DE shifts across timeframes, from 0.39 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNH.DE vs. EUNU.DE — Risk / Return Rank
EUNH.DE
EUNU.DE
EUNH.DE vs. EUNU.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 Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.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 | EUNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.96 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.30 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.08 | -0.67 | +0.59 |
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 | EUNU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.29 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.04 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.23 | +0.02 |
Drawdowns
EUNH.DE vs. EUNU.DE - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.43%, which is greater than EUNU.DE's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and EUNU.DE.
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Drawdown Indicators
| EUNH.DE | EUNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -12.88% | -9.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.82% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -8.28% | +4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -12.88% | -8.65% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | — | — |
Current DrawdownCurrent decline from peak | -14.10% | -7.39% | -6.71% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -4.71% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.71% | -0.36% |
Volatility
EUNH.DE vs. EUNU.DE - Volatility Comparison
iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a higher volatility of 1.72% compared to iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.DE) at 0.95%. This indicates that EUNH.DE's price experiences larger fluctuations and is considered to be riskier than EUNU.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 | EUNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 0.95% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 2.92% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 3.99% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 6.06% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 5.76% | -0.24% |
EUNH.DE vs. EUNU.DE - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is lower than EUNU.DE's 0.10% 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. EUNU.DE - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 2.49%, more than EUNU.DE's 1.53% yield.
| 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% |
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 1.53% | 3.21% | 4.10% | 4.25% | 1.55% | 2.78% | 2.49% | 2.47% | 2.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNH.DE and EUNU.DE have a correlation of 0.39, 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 0.10% for EUNU.DE.
EUNH.DE is categorized as European Government Bonds, while EUNU.DE is Global Bonds. EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while EUNU.DE tracks Bloomberg Global Aggregate Bond. Their fees differ too: 0.07% for EUNH.DE and 0.10% for EUNU.DE.
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