EUNU.DE vs. XSOE.DE
EUNU.DE (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) and XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) are both exchange-traded funds - EUNU.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond, while XSOE.DE is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened. Both are passively managed. Over the past 3 years, EUNU.DE returned 1.03%/yr vs 18.45%/yr for XSOE.DE. At a 0.03 correlation, their price movements are largely independent. EUNU.DE charges 0.10%/yr vs 0.32%/yr for XSOE.DE.
Performance
EUNU.DE vs. XSOE.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 XSOE.DE's 24.59% 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*
- —
XSOE.DE
- 1D
- -1.43%
- 1M
- 3.69%
- YTD
- 24.59%
- 6M
- 25.63%
- 1Y
- 45.75%
- 3Y*
- 18.45%
- 5Y*
- —
- 10Y*
- —
EUNU.DE vs. XSOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | -0.39% | -4.02% | 5.70% | 4.05% | -10.69% | 0.74% |
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF | 24.59% | 16.93% | 10.26% | 6.05% | -19.00% | 3.24% |
Correlation
The correlation between EUNU.DE and XSOE.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021 | 0.03 |
The correlation between EUNU.DE and XSOE.DE shifts across timeframes, from 0.03 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNU.DE vs. XSOE.DE — Risk / Return Rank
EUNU.DE
XSOE.DE
EUNU.DE vs. XSOE.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 WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.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 | XSOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.88 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.47 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 4.33 | -4.63 |
| Martin ratioReturn relative to average drawdown | -0.67 | 15.99 | -16.65 |
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 | XSOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | 2.60 | -2.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.44 | -0.21 |
Drawdowns
EUNU.DE vs. XSOE.DE - Drawdown Comparison
The maximum EUNU.DE drawdown since its inception was -12.88%, smaller than the maximum XSOE.DE drawdown of -27.69%. Use the drawdown chart below to compare losses from any high point for EUNU.DE and XSOE.DE.
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Drawdown Indicators
| EUNU.DE | XSOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.88% | -27.69% | +14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.82% | -10.85% | +7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -19.83% | +11.55% |
Max Drawdown (5Y)Largest decline over 5 years | -12.88% | — | — |
Current DrawdownCurrent decline from peak | -7.39% | -2.39% | -5.00% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -12.90% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.94% | -1.23% |
Volatility
EUNU.DE vs. XSOE.DE - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.DE) is 0.95%, while WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) has a volatility of 7.20%. This indicates that EUNU.DE experiences smaller price fluctuations and is considered to be less risky than XSOE.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 | XSOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 7.20% | -6.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 15.05% | -12.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 18.10% | -14.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 17.27% | -11.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 17.27% | -11.51% |
EUNU.DE vs. XSOE.DE - Expense Ratio Comparison
EUNU.DE has a 0.10% expense ratio, which is lower than XSOE.DE's 0.32% expense ratio.
Dividends
EUNU.DE vs. XSOE.DE - Dividend Comparison
EUNU.DE's dividend yield for the trailing twelve months is around 1.53%, while XSOE.DE has not paid dividends to shareholders.
| 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% |
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNU.DE and XSOE.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNU.DE is cheaper with a 0.10% expense ratio, compared with 0.32% for XSOE.DE.
EUNU.DE is categorized as Global Bonds, while XSOE.DE is Emerging Markets Equities. EUNU.DE tracks Bloomberg Global Aggregate Bond, while XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.10% for EUNU.DE and 0.32% for XSOE.DE.
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