EUNH.DE vs. VWCE.DE
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, EUNH.DE returned -2.33%/yr vs 11.89%/yr for VWCE.DE. At a 0.07 correlation, their price movements are largely independent. EUNH.DE charges 0.07%/yr vs 0.19%/yr for VWCE.DE.
Performance
EUNH.DE vs. VWCE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EUNH.DE achieves a 0.19% return, which is significantly lower than VWCE.DE's 11.72% 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%
VWCE.DE
- 1D
- 1.82%
- 1M
- 0.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
EUNH.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 0.19% | 0.80% | 1.52% | 6.83% | -18.31% | -3.38% | 4.72% | -0.48% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
Correlation
The correlation between EUNH.DE and VWCE.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.07 |
Over the past year, EUNH.DE and VWCE.DE have become more correlated (0.37) than their long-term average of 0.07, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUNH.DE vs. VWCE.DE — Risk / Return Rank
EUNH.DE
VWCE.DE
EUNH.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.41 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 3.92 | -3.96 |
| Martin ratioReturn relative to average drawdown | -0.11 | 16.07 | -16.18 |
Loading charts...
Drawdowns
EUNH.DE vs. VWCE.DE - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.42%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and VWCE.DE.
Loading charts...
Drawdown Indicators
| EUNH.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -33.43% | +11.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -6.55% | +3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -21.07% | +16.97% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -21.07% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | — | — |
Current DrawdownCurrent decline from peak | -13.88% | -1.47% | -12.41% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -4.68% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.60% | -0.25% |
Volatility
EUNH.DE vs. VWCE.DE - Volatility Comparison
The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) is 1.65%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.40%. This indicates that EUNH.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUNH.DE | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 3.40% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 8.51% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 11.63% | -7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 13.79% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 16.16% | -10.65% |
EUNH.DE vs. VWCE.DE - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is lower than VWCE.DE's 0.19% 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. VWCE.DE - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 2.49%, while VWCE.DE has not paid dividends to shareholders.
| 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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNH.DE and VWCE.DE have a correlation of 0.37, 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 0.19% for VWCE.DE.
EUNH.DE is categorized as European Government Bonds, while VWCE.DE is Global Equities. EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for EUNH.DE and 0.19% for VWCE.DE.
Find the right allocation for EUNH.DE and VWCE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer