EUNR.DE vs. IEXA.DE
EUNR.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist)) and IEXA.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc) are both European Corporate Bonds funds from iShares tracking the Bloomberg Euro Corporate ex-Financials Bond. Both are passively managed. Over the past 3 years, EUNR.DE returned 4.19%/yr vs 4.16%/yr for IEXA.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
EUNR.DE vs. IEXA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EUNR.DE having a 1.25% return and IEXA.DE slightly higher at 1.30%.
EUNR.DE
- 1D
- 0.05%
- 1M
- 0.75%
- YTD
- 1.25%
- 6M
- 1.43%
- 1Y
- 2.33%
- 3Y*
- 4.19%
- 5Y*
- -0.11%
- 10Y*
- 0.82%
IEXA.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.30%
- 6M
- 1.48%
- 1Y
- 2.24%
- 3Y*
- 4.16%
- 5Y*
- —
- 10Y*
- —
EUNR.DE vs. IEXA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 1.25% | 2.63% | 3.48% | 7.31% | -5.44% |
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 1.30% | 2.47% | 3.54% | 7.38% | -5.39% |
Correlation
The correlation between EUNR.DE and IEXA.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.93 |
The correlation between EUNR.DE and IEXA.DE has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
EUNR.DE vs. IEXA.DE — Risk / Return Rank
EUNR.DE
IEXA.DE
EUNR.DE vs. IEXA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) and iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.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.
| EUNR.DE | IEXA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.87 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.87 | 2.79 | +0.08 |
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Drawdowns
EUNR.DE vs. IEXA.DE - Drawdown Comparison
The maximum EUNR.DE drawdown since its inception was -17.49%, which is greater than IEXA.DE's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for EUNR.DE and IEXA.DE.
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Drawdown Indicators
| EUNR.DE | IEXA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.49% | -9.06% | -8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -2.56% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -2.56% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.49% | — | — |
Current DrawdownCurrent decline from peak | -2.20% | 0.00% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -2.24% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.80% | +0.01% |
Volatility
EUNR.DE vs. IEXA.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) is 0.70%, while iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) has a volatility of 0.78%. This indicates that EUNR.DE experiences smaller price fluctuations and is considered to be less risky than IEXA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNR.DE | IEXA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.78% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.77% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 3.26% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 4.77% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 4.77% | -0.23% |
EUNR.DE vs. IEXA.DE - Expense Ratio Comparison
Both EUNR.DE and IEXA.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUNR.DE vs. IEXA.DE - Dividend Comparison
EUNR.DE's dividend yield for the trailing twelve months is around 2.80%, while IEXA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 2.80% | 2.65% | 2.25% | 1.50% | 0.90% | 0.81% | 0.88% | 1.25% | 1.35% | 1.42% | 1.84% | 1.03% |
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 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
EUNR.DE and IEXA.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNR.DE and IEXA.DE have the same expense ratio: 0.20% per year.
Both ETFs track Bloomberg Euro Corporate ex-Financials Bond.
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