EUNH.DE vs. SEML.L
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and SEML.L (iShares J.P. Morgan EM Local Government Bond UCITS ETF) are both exchange-traded funds - EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while SEML.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 10 years, EUNH.DE returned -0.68%/yr vs 1.67%/yr for SEML.L. At a 0.18 correlation, their price movements are largely independent. EUNH.DE charges 0.07%/yr vs 0.50%/yr for SEML.L.
Performance
EUNH.DE vs. SEML.L - Performance Comparison
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Different Trading Currencies
EUNH.DE is traded in EUR, while SEML.L is traded in GBP. To make them comparable, the SEML.L 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 -1.68% return, which is significantly lower than SEML.L's 3.52% return. Over the past 10 years, EUNH.DE has underperformed SEML.L with an annualized return of -0.68%, while SEML.L has yielded a comparatively higher 1.67% 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%
SEML.L
- 1D
- -0.09%
- 1M
- 0.11%
- 6M
- 2.04%
- YTD
- 3.52%
- 1Y
- 8.71%
- 3Y*
- 4.90%
- 5Y*
- 2.29%
- 10Y*
- 1.67%
EUNH.DE vs. SEML.L - 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% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 3.52% | 4.56% | 3.56% | 7.65% | -5.38% | -3.59% | -6.90% | 15.09% | -1.20% | 0.78% |
Correlation
The correlation between EUNH.DE and SEML.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2011 | 0.18 |
The correlation between EUNH.DE and SEML.L shifts across timeframes, from 0.18 (all time) to 0.31 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNH.DE vs. SEML.L — Risk / Return Rank
EUNH.DE
SEML.L
EUNH.DE vs. SEML.L - 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 J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L). 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 | SEML.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.27 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.14 | -2.46 |
| Martin ratioReturn relative to average drawdown | -0.74 | 7.19 | -7.93 |
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Drawdowns
EUNH.DE vs. SEML.L - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.42%, smaller than the maximum SEML.L drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and SEML.L.
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Drawdown Indicators
| EUNH.DE | SEML.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -41.37% | +18.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -3.92% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -7.68% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -10.13% | -11.40% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -19.93% | -2.49% |
Current DrawdownCurrent decline from peak | -15.48% | -9.31% | -6.17% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -23.66% | +17.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.17% | +0.40% |
Volatility
EUNH.DE vs. SEML.L - Volatility Comparison
The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) is 1.12%, while iShares J.P. Morgan EM Local Government Bond UCITS ETF (SEML.L) has a volatility of 1.26%. This indicates that EUNH.DE experiences smaller price fluctuations and is considered to be less risky than SEML.L 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 | SEML.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.26% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 4.55% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 5.62% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 7.17% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 8.64% | -3.12% |
EUNH.DE vs. SEML.L - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is lower than SEML.L's 0.50% expense ratio.
Dividends
EUNH.DE vs. SEML.L - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 1.31%, less than SEML.L's 5.65% 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% |
SEML.L iShares J.P. Morgan EM Local Government Bond UCITS ETF | 5.65% | 5.44% | 5.55% | 5.05% | 5.25% | 4.58% | 5.13% | 5.44% | 7.30% | 6.75% | 6.78% | 5.18% |
Frequently Asked Questions
EUNH.DE and SEML.L have a correlation of 0.24, 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 0.50% for SEML.L.
EUNH.DE is categorized as European Government Bonds, while SEML.L is Emerging Markets Bonds. EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while SEML.L tracks JPM GBI-EM Global Diversified TR USD. Their fees differ too: 0.07% for EUNH.DE and 0.50% for SEML.L.
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