EUNH.DE vs. IUSA.DE
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) are both exchange-traded funds - EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while IUSA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EUNH.DE returned -0.68%/yr vs 14.31%/yr for IUSA.DE. At a correlation of -0.02, they often move in opposite directions. Both charge a 0.07% expense ratio.
Performance
EUNH.DE vs. IUSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNH.DE achieves a -1.68% return, which is significantly lower than IUSA.DE's 11.82% return. Over the past 10 years, EUNH.DE has underperformed IUSA.DE with an annualized return of -0.68%, while IUSA.DE has yielded a comparatively higher 14.31% annualized return.
EUNH.DE
- 1D
- 0.05%
- 1M
- -1.17%
- 6M
- -0.68%
- YTD
- -1.68%
- 1Y
- -1.04%
- 3Y*
- 1.61%
- 5Y*
- -2.85%
- 10Y*
- -0.68%
IUSA.DE
- 1D
- -1.23%
- 1M
- 0.29%
- 6M
- 9.52%
- YTD
- 11.82%
- 1Y
- 21.99%
- 3Y*
- 18.64%
- 5Y*
- 13.46%
- 10Y*
- 14.31%
EUNH.DE vs. IUSA.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) | -1.68% | 0.80% | 1.52% | 6.83% | -18.31% | -3.38% | 4.72% | 6.76% | 0.86% | -0.13% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.82% | 4.69% | 32.36% | 22.47% | -14.25% | 40.75% | 6.77% | 34.55% | -1.14% | 6.67% |
Correlation
The correlation between EUNH.DE and IUSA.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2009 | -0.02 |
The correlation between EUNH.DE and IUSA.DE shifts across timeframes, from -0.02 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNH.DE vs. IUSA.DE — Risk / Return Rank
EUNH.DE
IUSA.DE
EUNH.DE vs. IUSA.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 S&P 500 UCITS ETF USD Dist (IUSA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUNH.DE | IUSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.34 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 3.11 | -3.43 |
| Martin ratioReturn relative to average drawdown | -0.74 | 11.06 | -11.80 |
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Drawdowns
EUNH.DE vs. IUSA.DE - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.42%, smaller than the maximum IUSA.DE drawdown of -52.05%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and IUSA.DE.
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Drawdown Indicators
| EUNH.DE | IUSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -52.05% | +29.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -6.90% | +3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -23.36% | +19.26% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -23.36% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -33.67% | +11.25% |
Current DrawdownCurrent decline from peak | -15.48% | -1.33% | -14.15% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -8.41% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.94% | -0.37% |
Volatility
EUNH.DE vs. IUSA.DE - Volatility Comparison
The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) is 1.12%, while iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) has a volatility of 3.00%. This indicates that EUNH.DE experiences smaller price fluctuations and is considered to be less risky than IUSA.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 | IUSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 3.00% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 7.88% | -4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 11.64% | -7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 15.21% | -8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 16.04% | -10.52% |
EUNH.DE vs. IUSA.DE - Expense Ratio Comparison
Both EUNH.DE and IUSA.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUNH.DE vs. IUSA.DE - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 1.31%, more than IUSA.DE's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 1.31% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.86% | 0.94% | 0.99% | 1.25% | 1.46% | 0.99% | 1.40% | 1.48% | 1.70% | 1.51% | 1.37% | 1.52% |
Frequently Asked Questions
EUNH.DE and IUSA.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE and IUSA.DE have the same expense ratio: 0.07% per year.
EUNH.DE is categorized as European Government Bonds, while IUSA.DE is S&P 500. EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while IUSA.DE tracks S&P 500 Index.
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