EUNN.DE vs. EUNH.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, EUNN.DE returned 8.53%/yr vs -0.68%/yr for EUNH.DE. At a 0.07 correlation, their price movements are largely independent. EUNN.DE charges 0.12%/yr vs 0.07%/yr for EUNH.DE.
Performance
EUNN.DE vs. EUNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 15.08% return, which is significantly higher than EUNH.DE's -1.68% return. Over the past 10 years, EUNN.DE has outperformed EUNH.DE with an annualized return of 8.53%, while EUNH.DE has yielded a comparatively lower -0.68% annualized return.
EUNN.DE
- 1D
- -2.52%
- 1M
- -5.18%
- 6M
- 8.06%
- YTD
- 15.08%
- 1Y
- 32.94%
- 3Y*
- 15.60%
- 5Y*
- 9.33%
- 10Y*
- 8.53%
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%
EUNN.DE vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 15.08% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
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% |
Correlation
The correlation between EUNN.DE and EUNH.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.07 |
Over the past year, EUNN.DE and EUNH.DE have become more correlated (0.41) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
EUNN.DE vs. EUNH.DE — Risk / Return Rank
EUNN.DE
EUNH.DE
EUNN.DE vs. EUNH.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 iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.96 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | -0.32 | +3.59 |
| Martin ratioReturn relative to average drawdown | 10.78 | -0.74 | +11.52 |
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Drawdowns
EUNN.DE vs. EUNH.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, which is greater than EUNH.DE's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and EUNH.DE.
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Drawdown Indicators
| EUNN.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -22.42% | -6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -3.59% | -5.99% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -4.10% | -11.71% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -21.53% | +2.12% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | -22.42% | -6.14% |
Current DrawdownCurrent decline from peak | -6.26% | -15.48% | +9.22% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -5.88% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.57% | +1.34% |
Volatility
EUNN.DE vs. EUNH.DE - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 6.29% compared to iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) at 1.12%. This indicates that EUNN.DE's price experiences larger fluctuations and is considered to be riskier than EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 1.12% | +5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 3.74% | +12.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 4.55% | +14.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 6.37% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 5.52% | +10.62% |
EUNN.DE vs. EUNH.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is higher than EUNH.DE's 0.07% expense ratio. However, 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. EUNH.DE - Dividend Comparison
EUNN.DE has not paid dividends to shareholders, while EUNH.DE's dividend yield for the trailing twelve months is around 1.31%.
| 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% |
EUNN.DE iShares Core MSCI Japan IMI 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
EUNN.DE and EUNH.DE have a correlation of 0.41, 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 EUNN.DE.
EUNN.DE is categorized as Japan Equities, while EUNH.DE is European Government Bonds. EUNN.DE tracks MSCI Japan IMI, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. Their fees differ too: 0.12% for EUNN.DE and 0.07% for EUNH.DE.
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