EUNU.DE vs. VAGE.DE
EUNU.DE (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) and VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) are both Global Bonds funds - EUNU.DE tracks the Bloomberg Global Aggregate Bond while VAGE.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, EUNU.DE returned -0.25%/yr vs -1.65%/yr for VAGE.DE. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
EUNU.DE vs. VAGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNU.DE achieves a -0.39% return, which is significantly higher than VAGE.DE's -0.58% return.
EUNU.DE
- 1D
- 0.02%
- 1M
- 0.44%
- YTD
- -0.39%
- 6M
- -0.91%
- 1Y
- -0.79%
- 3Y*
- 1.03%
- 5Y*
- -0.25%
- 10Y*
- —
VAGE.DE
- 1D
- 0.10%
- 1M
- -0.07%
- YTD
- -0.58%
- 6M
- -0.52%
- 1Y
- 1.25%
- 3Y*
- 2.06%
- 5Y*
- -1.65%
- 10Y*
- —
EUNU.DE vs. VAGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | -0.39% | -4.02% | 5.70% | 4.05% | -10.69% | 4.64% | 0.21% | 2.05% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | -0.58% | 3.25% | 0.73% | 4.48% | -14.75% | -2.80% | 4.86% | 0.33% |
Correlation
The correlation between EUNU.DE and VAGE.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.52 |
Over the past year, the correlation between EUNU.DE and VAGE.DE has dropped to 0.31 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
EUNU.DE vs. VAGE.DE — Risk / Return Rank
EUNU.DE
VAGE.DE
EUNU.DE vs. VAGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.DE) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.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.
| EUNU.DE | VAGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.06 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 0.38 | -0.68 |
| Martin ratioReturn relative to average drawdown | -0.67 | 1.08 | -1.75 |
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
| EUNU.DE | VAGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | 0.34 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.35 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.19 | +0.42 |
Drawdowns
EUNU.DE vs. VAGE.DE - Drawdown Comparison
The maximum EUNU.DE drawdown since its inception was -12.88%, smaller than the maximum VAGE.DE drawdown of -19.43%. Use the drawdown chart below to compare losses from any high point for EUNU.DE and VAGE.DE.
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Drawdown Indicators
| EUNU.DE | VAGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.88% | -19.43% | +6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.82% | -3.14% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -4.34% | -3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -12.88% | -18.63% | +5.75% |
Current DrawdownCurrent decline from peak | -7.39% | -10.62% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -8.88% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.12% | +0.59% |
Volatility
EUNU.DE vs. VAGE.DE - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.DE) is 0.95%, while Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) has a volatility of 1.42%. This indicates that EUNU.DE experiences smaller price fluctuations and is considered to be less risky than VAGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNU.DE | VAGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.42% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.96% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 3.57% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 4.69% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 4.49% | +1.27% |
EUNU.DE vs. VAGE.DE - Expense Ratio Comparison
Both EUNU.DE and VAGE.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUNU.DE vs. VAGE.DE - Dividend Comparison
EUNU.DE's dividend yield for the trailing twelve months is around 1.53%, less than VAGE.DE's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 1.53% | 3.21% | 4.10% | 4.25% | 1.55% | 2.78% | 2.49% | 2.47% | 2.10% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | 3.60% | 3.51% | 3.13% | 2.39% | 1.47% | 0.87% | 1.20% | 0.60% | 0.00% |
Frequently Asked Questions
EUNU.DE and VAGE.DE have a correlation of 0.31, 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 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNU.DE and VAGE.DE have the same expense ratio: 0.10% per year.
EUNU.DE tracks Bloomberg Global Aggregate Bond, while VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). They also come from different issuers: iShares and Vanguard.
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