EUNU.DE vs. XBAG.DE
EUNU.DE (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) and XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) are both Global Bonds funds - EUNU.DE tracks the Bloomberg Global Aggregate Bond while XBAG.DE tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, EUNU.DE returned -0.25%/yr vs -1.25%/yr for XBAG.DE. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
EUNU.DE vs. XBAG.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 lower than XBAG.DE's 0.49% 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*
- —
XBAG.DE
- 1D
- 0.04%
- 1M
- 0.28%
- YTD
- 0.49%
- 6M
- -0.04%
- 1Y
- 0.10%
- 3Y*
- 0.24%
- 5Y*
- -1.25%
- 10Y*
- -0.06%
EUNU.DE vs. XBAG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 10.21% | 4.60% | -1.59% |
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 0.49% | -3.89% | 3.40% | 1.86% | -11.56% | 2.92% | -0.49% | 9.25% | 3.04% | -1.43% |
Correlation
The correlation between EUNU.DE and XBAG.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.91 |
The correlation between EUNU.DE and XBAG.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
EUNU.DE vs. XBAG.DE — Risk / Return Rank
EUNU.DE
XBAG.DE
EUNU.DE vs. XBAG.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 Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.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 | XBAG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.99 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | -0.08 | -0.21 |
| Martin ratioReturn relative to average drawdown | -0.67 | -0.16 | -0.50 |
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 | XBAG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | -0.05 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.20 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.27 | -0.05 |
Drawdowns
EUNU.DE vs. XBAG.DE - Drawdown Comparison
The maximum EUNU.DE drawdown since its inception was -12.88%, smaller than the maximum XBAG.DE drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for EUNU.DE and XBAG.DE.
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Drawdown Indicators
| EUNU.DE | XBAG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.88% | -16.64% | +3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.82% | -2.44% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -7.49% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -12.88% | -15.81% | +2.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.64% | — |
Current DrawdownCurrent decline from peak | -7.39% | -12.21% | +4.82% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -6.65% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.23% | +0.48% |
Volatility
EUNU.DE vs. XBAG.DE - Volatility Comparison
iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.DE) and Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) have volatilities of 0.95% and 0.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNU.DE | XBAG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.99% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.67% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 3.78% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 6.08% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 5.92% | -0.16% |
EUNU.DE vs. XBAG.DE - Expense Ratio Comparison
Both EUNU.DE and XBAG.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. XBAG.DE - Dividend Comparison
EUNU.DE's dividend yield for the trailing twelve months is around 1.53%, less than XBAG.DE's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D | 3.00% | 2.94% | 3.16% | 2.22% | 2.78% | 0.82% | 1.47% | 1.76% | 1.36% | 1.11% | 2.04% |
Frequently Asked Questions
With a correlation of 0.90, EUNU.DE and XBAG.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 XBAG.DE have the same expense ratio: 0.10% per year.
EUNU.DE tracks Bloomberg Global Aggregate Bond, while XBAG.DE tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and Xtrackers.
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