EUNH.DE vs. VUSB
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and VUSB (Vanguard Ultra-Short Bond ETF) are both exchange-traded funds - EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while VUSB is a Ultrashort Bond fund actively managed by Vanguard. EUNH.DE is passively managed, while VUSB is actively managed. Over the past 5 years, EUNH.DE returned -2.27%/yr vs 4.40%/yr for VUSB. At a correlation of -0.03, they often move in opposite directions. EUNH.DE charges 0.07%/yr vs 0.10%/yr for VUSB.
Performance
EUNH.DE vs. VUSB - Performance Comparison
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Different Trading Currencies
EUNH.DE is traded in EUR, while VUSB is traded in USD. To make them comparable, the VUSB 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 -0.06% return, which is significantly lower than VUSB's 2.57% return.
EUNH.DE
- 1D
- 0.04%
- 1M
- 0.49%
- YTD
- -0.06%
- 6M
- 0.02%
- 1Y
- -0.11%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
VUSB
- 1D
- -0.12%
- 1M
- 1.01%
- YTD
- 2.57%
- 6M
- 2.07%
- 1Y
- 2.77%
- 3Y*
- 2.56%
- 5Y*
- 4.40%
- 10Y*
- —
EUNH.DE vs. VUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -1.03% |
VUSB Vanguard Ultra-Short Bond ETF | 2.57% | -7.28% | 12.66% | 2.35% | 5.81% | 4.41% |
Correlation
The correlation between EUNH.DE and VUSB is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2021 | -0.03 |
The correlation between EUNH.DE and VUSB shifts across timeframes, from -0.22 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNH.DE vs. VUSB — Risk / Return Rank
EUNH.DE
VUSB
EUNH.DE vs. VUSB - 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 Vanguard Ultra-Short Bond ETF (VUSB). 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 | VUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.08 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.76 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.08 | 1.84 | -1.92 |
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 | VUSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 0.46 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.59 | -0.95 |
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 | 0.51 | -0.26 |
Drawdowns
EUNH.DE vs. VUSB - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.43%, which is greater than VUSB's maximum drawdown of -11.69%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and VUSB.
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Drawdown Indicators
| EUNH.DE | VUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -11.69% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.64% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -11.10% | +7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -11.69% | -9.84% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | — | — |
Current DrawdownCurrent decline from peak | -14.10% | -5.97% | -8.13% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -4.76% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.51% | -0.16% |
Volatility
EUNH.DE vs. VUSB - Volatility Comparison
iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a higher volatility of 1.72% compared to Vanguard Ultra-Short Bond ETF (VUSB) at 1.16%. This indicates that EUNH.DE's price experiences larger fluctuations and is considered to be riskier than VUSB 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 | VUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.16% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 4.19% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 6.07% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 7.46% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 7.42% | -1.90% |
EUNH.DE vs. VUSB - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is lower than VUSB'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. VUSB - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 2.49%, less than VUSB's 4.39% 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% |
VUSB Vanguard Ultra-Short Bond ETF | 4.39% | 4.63% | 5.16% | 4.45% | 1.56% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNH.DE and VUSB have a correlation of -0.22, 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 VUSB.
EUNH.DE is categorized as European Government Bonds, while VUSB is Ultrashort Bond. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for EUNH.DE and 0.10% for VUSB.
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