EUNH.DE vs. IUSG
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and IUSG (iShares Core S&P U.S. Growth ETF) are both exchange-traded funds - EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while IUSG is a Large Cap Growth Equities fund tracking the S&P 900 Growth Index. Both are passively managed. Over the past 10 years, EUNH.DE returned -0.34%/yr vs 17.25%/yr for IUSG. At a 0.02 correlation, their price movements are largely independent. EUNH.DE charges 0.07%/yr vs 0.04%/yr for IUSG.
Performance
EUNH.DE vs. IUSG - Performance Comparison
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Different Trading Currencies
EUNH.DE is traded in EUR, while IUSG is traded in USD. To make them comparable, the IUSG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNH.DE achieves a 0.19% return, which is significantly lower than IUSG's 11.88% return. Over the past 10 years, EUNH.DE has underperformed IUSG with an annualized return of -0.34%, while IUSG has yielded a comparatively higher 17.25% annualized return.
EUNH.DE
- 1D
- 0.27%
- 1M
- 0.49%
- YTD
- 0.19%
- 6M
- 0.69%
- 1Y
- 0.32%
- 3Y*
- 2.46%
- 5Y*
- -2.33%
- 10Y*
- -0.34%
IUSG
- 1D
- 0.44%
- 1M
- -1.67%
- YTD
- 11.88%
- 6M
- 12.64%
- 1Y
- 29.09%
- 3Y*
- 22.44%
- 5Y*
- 15.60%
- 10Y*
- 17.25%
EUNH.DE vs. IUSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 0.19% | 0.80% | 1.52% | 6.83% | -18.31% | -3.38% | 4.72% | 6.76% | 0.86% | -0.13% |
IUSG iShares Core S&P U.S. Growth ETF | 11.88% | 6.85% | 43.59% | 25.40% | -24.40% | 41.08% | 21.71% | 33.57% | 3.86% | 11.41% |
Correlation
The correlation between EUNH.DE and IUSG is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2009 | 0.02 |
The correlation between EUNH.DE and IUSG shifts across timeframes, from 0.02 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNH.DE vs. IUSG — Risk / Return Rank
EUNH.DE
IUSG
EUNH.DE vs. IUSG - 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 U.S. Growth ETF (IUSG). 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 | IUSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.33 | -2.38 |
| Martin ratioReturn relative to average drawdown | -0.11 | 8.22 | -8.33 |
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Drawdowns
EUNH.DE vs. IUSG - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.42%, smaller than the maximum IUSG drawdown of -45.82%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and IUSG.
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Drawdown Indicators
| EUNH.DE | IUSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -45.82% | +23.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -12.02% | +8.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -27.11% | +23.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -27.11% | +5.58% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -31.84% | +9.42% |
Current DrawdownCurrent decline from peak | -13.88% | -3.82% | -10.06% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -7.91% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 3.41% | -2.06% |
Volatility
EUNH.DE vs. IUSG - Volatility Comparison
The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) is 1.65%, while iShares Core S&P U.S. Growth ETF (IUSG) has a volatility of 5.42%. This indicates that EUNH.DE experiences smaller price fluctuations and is considered to be less risky than IUSG 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 | IUSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 5.42% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 12.29% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 16.31% | -11.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 20.66% | -14.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 20.80% | -15.29% |
EUNH.DE vs. IUSG - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is higher than IUSG's 0.04% expense ratio. However, 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. IUSG - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 2.49%, more than IUSG's 0.49% 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% |
IUSG iShares Core S&P U.S. Growth ETF | 0.49% | 0.53% | 0.59% | 1.12% | 1.07% | 0.59% | 0.93% | 1.64% | 1.32% | 1.28% | 1.48% | 1.29% |
Frequently Asked Questions
EUNH.DE and IUSG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSG is cheaper with a 0.04% expense ratio, compared with 0.07% for EUNH.DE.
EUNH.DE is categorized as European Government Bonds, while IUSG is Large Cap Growth Equities. EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while IUSG tracks S&P 900 Growth Index. Their fees differ too: 0.07% for EUNH.DE and 0.04% for IUSG.
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