EUNH.DE vs. IBCM.DE
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds from iShares - EUNH.DE tracks the Bloomberg Euro Aggregate Treasury while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 10 years, EUNH.DE returned -0.32%/yr vs -0.17%/yr for IBCM.DE. Their correlation of 0.86 suggests significant overlap in exposure. EUNH.DE charges 0.07%/yr vs 0.15%/yr for IBCM.DE.
Performance
EUNH.DE vs. IBCM.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 IBCM.DE's 0.27% return. Over the past 10 years, EUNH.DE has underperformed IBCM.DE with an annualized return of -0.32%, while IBCM.DE has yielded a comparatively higher -0.17% 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%
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.02%
- YTD
- 0.27%
- 6M
- 0.03%
- 1Y
- 0.68%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
EUNH.DE vs. IBCM.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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | 6.64% | 1.32% | 0.88% |
Correlation
The correlation between EUNH.DE and IBCM.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | 0.86 |
The correlation between EUNH.DE and IBCM.DE shifts across timeframes, from 0.86 (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. IBCM.DE — Risk / Return Rank
EUNH.DE
IBCM.DE
EUNH.DE vs. IBCM.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 Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.03 | -0.06 |
| Martin ratioReturn relative to average drawdown | -0.08 | 0.08 | -0.16 |
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 | IBCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.03 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.31 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | -0.03 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.59 | -0.33 |
Drawdowns
EUNH.DE vs. IBCM.DE - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.43%, roughly equal to the maximum IBCM.DE drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and IBCM.DE.
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Drawdown Indicators
| EUNH.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -23.25% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -4.08% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -4.53% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -22.90% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -23.25% | +0.82% |
Current DrawdownCurrent decline from peak | -14.10% | -13.71% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -5.23% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.53% | -0.18% |
Volatility
EUNH.DE vs. IBCM.DE - 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 EUR (Dist) (IBCM.DE) has a volatility of 1.94%. This indicates that EUNH.DE experiences smaller price fluctuations and is considered to be less risky than IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.94% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 4.20% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 5.00% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 7.39% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 6.03% | -0.51% |
EUNH.DE vs. IBCM.DE - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is lower than IBCM.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. IBCM.DE - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 2.49%, less than IBCM.DE's 2.92% 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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
Frequently Asked Questions
With a correlation of 0.92, EUNH.DE and IBCM.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 IBCM.DE.
EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while IBCM.DE tracks Bloomberg Euro Government Bond 10. Their fees differ too: 0.07% for EUNH.DE and 0.15% for IBCM.DE.
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