EUNH.DE vs. XD5E.DE
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and XD5E.DE (Xtrackers MSCI EMU UCITS ETF 1D) are both exchange-traded funds - EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while XD5E.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, EUNH.DE returned -0.68%/yr vs 10.45%/yr for XD5E.DE. At a 0.07 correlation, their price movements are largely independent. EUNH.DE charges 0.07%/yr vs 0.12%/yr for XD5E.DE.
Performance
EUNH.DE vs. XD5E.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 XD5E.DE's 10.78% return. Over the past 10 years, EUNH.DE has underperformed XD5E.DE with an annualized return of -0.68%, while XD5E.DE has yielded a comparatively higher 10.45% 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%
XD5E.DE
- 1D
- -0.80%
- 1M
- -1.66%
- 6M
- 6.81%
- YTD
- 10.78%
- 1Y
- 20.20%
- 3Y*
- 15.98%
- 5Y*
- 11.06%
- 10Y*
- 10.45%
EUNH.DE vs. XD5E.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% |
XD5E.DE Xtrackers MSCI EMU UCITS ETF 1D | 10.78% | 24.71% | 9.50% | 18.85% | -11.91% | 22.16% | -0.74% | 27.47% | -12.94% | 13.47% |
Correlation
The correlation between EUNH.DE and XD5E.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2012 | 0.07 |
Over the past year, EUNH.DE and XD5E.DE have become more correlated (0.44) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
EUNH.DE vs. XD5E.DE — Risk / Return Rank
EUNH.DE
XD5E.DE
EUNH.DE vs. XD5E.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 Xtrackers MSCI EMU UCITS ETF 1D (XD5E.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 | XD5E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.26 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.94 | -2.26 |
| Martin ratioReturn relative to average drawdown | -0.74 | 7.18 | -7.92 |
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Drawdowns
EUNH.DE vs. XD5E.DE - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.42%, smaller than the maximum XD5E.DE drawdown of -38.04%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and XD5E.DE.
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Drawdown Indicators
| EUNH.DE | XD5E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -38.04% | +15.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -10.26% | +6.67% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -15.30% | +11.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -24.56% | +3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -38.04% | +15.62% |
Current DrawdownCurrent decline from peak | -15.48% | -2.86% | -12.62% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -5.66% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 2.77% | -1.20% |
Volatility
EUNH.DE vs. XD5E.DE - Volatility Comparison
The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) is 1.12%, while Xtrackers MSCI EMU UCITS ETF 1D (XD5E.DE) has a volatility of 3.98%. This indicates that EUNH.DE experiences smaller price fluctuations and is considered to be less risky than XD5E.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 | XD5E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 3.98% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 12.45% | -8.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 14.70% | -10.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 16.14% | -9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 16.66% | -11.14% |
EUNH.DE vs. XD5E.DE - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is lower than XD5E.DE's 0.12% 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. XD5E.DE - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 1.31%, less than XD5E.DE's 2.37% 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% |
XD5E.DE Xtrackers MSCI EMU UCITS ETF 1D | 2.37% | 2.54% | 2.86% | 2.74% | 4.65% | 1.41% | 2.94% | 2.59% | 1.89% | 2.51% | 0.73% | 0.36% |
Frequently Asked Questions
EUNH.DE and XD5E.DE have a correlation of 0.44, 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 0.12% for XD5E.DE.
EUNH.DE is categorized as European Government Bonds, while XD5E.DE is Europe Equities. EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while XD5E.DE tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for EUNH.DE and 0.12% for XD5E.DE.
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