EUNN.DE vs. DBZB.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while DBZB.DE is a Global Bonds fund tracking the FTSE World Government Bond - Developed Markets (EUR Hedged). Both are passively managed. Over the past 10 years, EUNN.DE returned 9.35%/yr vs -1.03%/yr for DBZB.DE. At a correlation of -0.04, they often move in opposite directions. EUNN.DE charges 0.12%/yr vs 0.25%/yr for DBZB.DE.
Performance
EUNN.DE vs. DBZB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 16.13% return, which is significantly higher than DBZB.DE's -0.45% return. Over the past 10 years, EUNN.DE has outperformed DBZB.DE with an annualized return of 9.35%, while DBZB.DE has yielded a comparatively lower -1.03% annualized return.
EUNN.DE
- 1D
- 2.38%
- 1M
- 0.76%
- YTD
- 16.13%
- 6M
- 16.84%
- 1Y
- 31.11%
- 3Y*
- 14.25%
- 5Y*
- 9.71%
- 10Y*
- 9.35%
DBZB.DE
- 1D
- 0.41%
- 1M
- 0.79%
- YTD
- -0.45%
- 6M
- -0.32%
- 1Y
- -0.25%
- 3Y*
- 0.88%
- 5Y*
- -2.59%
- 10Y*
- -1.03%
EUNN.DE vs. DBZB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.13% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.45% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 4.55% | -0.36% | -0.12% |
Correlation
The correlation between EUNN.DE and DBZB.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | -0.04 |
The correlation between EUNN.DE and DBZB.DE shifts across timeframes, from -0.04 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNN.DE vs. DBZB.DE — Risk / Return Rank
EUNN.DE
DBZB.DE
EUNN.DE vs. DBZB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) and Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.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.
| EUNN.DE | DBZB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.99 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | -0.07 | +3.30 |
| Martin ratioReturn relative to average drawdown | 10.80 | -0.19 | +10.99 |
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Drawdowns
EUNN.DE vs. DBZB.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, which is greater than DBZB.DE's maximum drawdown of -21.88%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and DBZB.DE.
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Drawdown Indicators
| EUNN.DE | DBZB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -21.88% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -3.52% | -6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -5.14% | -10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -19.51% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | -21.88% | -6.68% |
Current DrawdownCurrent decline from peak | -0.62% | -16.21% | +15.59% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -5.72% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.32% | +1.55% |
Volatility
EUNN.DE vs. DBZB.DE - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 4.18% compared to Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) at 1.50%. This indicates that EUNN.DE's price experiences larger fluctuations and is considered to be riskier than DBZB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNN.DE | DBZB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 1.50% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 3.11% | +11.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 3.93% | +14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 5.38% | +10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 4.74% | +11.35% |
EUNN.DE vs. DBZB.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than DBZB.DE's 0.25% 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
EUNN.DE vs. DBZB.DE - Dividend Comparison
Neither EUNN.DE nor DBZB.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and DBZB.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for DBZB.DE.
EUNN.DE is categorized as Japan Equities, while DBZB.DE is Global Bonds. EUNN.DE tracks MSCI Japan IMI, while DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged). They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for EUNN.DE and 0.25% for DBZB.DE.
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