EUNT.DE vs. CE31.L
EUNT.DE (iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist)) and CE31.L (iShares Euro Government Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - EUNT.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate 1-5 Year Bond, while CE31.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. Both are passively managed. Over the past 10 years, EUNT.DE returned 0.99%/yr vs 0.38%/yr for CE31.L. At a 0.14 correlation, their price movements are largely independent. EUNT.DE charges 0.20%/yr vs 0.15%/yr for CE31.L.
Performance
EUNT.DE vs. CE31.L - Performance Comparison
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Different Trading Currencies
EUNT.DE is traded in EUR, while CE31.L is traded in GBp. To make them comparable, the CE31.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNT.DE achieves a 0.31% return, which is significantly higher than CE31.L's 0.19% return. Over the past 10 years, EUNT.DE has outperformed CE31.L with an annualized return of 0.99%, while CE31.L has yielded a comparatively lower 0.38% annualized return.
EUNT.DE
- 1D
- 0.11%
- 1M
- 0.20%
- YTD
- 0.31%
- 6M
- 0.48%
- 1Y
- 1.91%
- 3Y*
- 4.26%
- 5Y*
- 1.03%
- 10Y*
- 0.99%
CE31.L
- 1D
- 0.09%
- 1M
- 0.34%
- YTD
- 0.19%
- 6M
- 0.35%
- 1Y
- 0.98%
- 3Y*
- 2.65%
- 5Y*
- 0.82%
- 10Y*
- 0.38%
EUNT.DE vs. CE31.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNT.DE iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) | 0.31% | 3.43% | 4.33% | 5.81% | -7.80% | -0.22% | 0.98% | 2.64% | -0.65% | 0.82% |
CE31.L iShares Euro Government Bond 1-3yr UCITS ETF (Acc) | 0.21% | 1.94% | 3.14% | 3.61% | -4.18% | -1.24% | -0.33% | 1.26% | -0.60% | -0.54% |
Correlation
The correlation between EUNT.DE and CE31.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2013 | 0.14 |
The correlation between EUNT.DE and CE31.L shifts across timeframes, from 0.14 (all time) to 0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNT.DE vs. CE31.L — Risk / Return Rank
EUNT.DE
CE31.L
EUNT.DE vs. CE31.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) (EUNT.DE) and iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.L). 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.
| EUNT.DE | CE31.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.72 | +0.14 |
| Martin ratioReturn relative to average drawdown | 3.10 | 2.13 | +0.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUNT.DE | CE31.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.40 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.25 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.10 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.14 | +0.29 |
Drawdowns
EUNT.DE vs. CE31.L - Drawdown Comparison
The maximum EUNT.DE drawdown since its inception was -10.16%, which is greater than CE31.L's maximum drawdown of -7.27%. Use the drawdown chart below to compare losses from any high point for EUNT.DE and CE31.L.
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Drawdown Indicators
| EUNT.DE | CE31.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.16% | -7.27% | -2.89% |
Max Drawdown (1Y)Largest decline over 1 year | -1.96% | -1.35% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -1.96% | -1.38% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -10.16% | -5.71% | -4.45% |
Max Drawdown (10Y)Largest decline over 10 years | -10.16% | -7.27% | -2.89% |
Current DrawdownCurrent decline from peak | -0.47% | -0.56% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -1.73% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.46% | +0.09% |
Volatility
EUNT.DE vs. CE31.L - Volatility Comparison
The current volatility for iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) (EUNT.DE) is 0.76%, while iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.L) has a volatility of 0.99%. This indicates that EUNT.DE experiences smaller price fluctuations and is considered to be less risky than CE31.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNT.DE | CE31.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.99% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 1.88% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.24% | 2.41% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 3.36% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 3.97% | -0.73% |
EUNT.DE vs. CE31.L - Expense Ratio Comparison
EUNT.DE has a 0.20% expense ratio, which is higher than CE31.L's 0.15% 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
EUNT.DE vs. CE31.L - Dividend Comparison
EUNT.DE's dividend yield for the trailing twelve months is around 3.04%, while CE31.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CE31.L iShares Euro Government Bond 1-3yr UCITS ETF (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% |
EUNT.DE iShares EUR Corporate Bond 1-5yr UCITS ETF EUR (Dist) | 3.04% | 2.91% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
Frequently Asked Questions
EUNT.DE and CE31.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CE31.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CE31.L is cheaper with a 0.15% expense ratio, compared with 0.20% for EUNT.DE.
EUNT.DE is categorized as European Corporate Bonds, while CE31.L is European Government Bonds. EUNT.DE tracks Bloomberg Euro Corporate 1-5 Year Bond, while CE31.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR. Their fees differ too: 0.20% for EUNT.DE and 0.15% for CE31.L.
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