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EUNX.DE vs. CBU2.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUNX.DE vs. CBU2.DE

Last updated Jul 18, 2026
Documentation

EUNX.DE (iShares US Aggregate Bond UCITS ETF USD (Dist)) and CBU2.DE (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc)) are both Total Bond Market funds from iShares - EUNX.DE tracks the Bloomberg US Aggregate Bond Index while CBU2.DE tracks the Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index. Both are passively managed. Over the past 3 years, EUNX.DE returned 2.91%/yr vs 2.51%/yr for CBU2.DE. At a 0.36 correlation, their price movements are largely independent.

Performance

EUNX.DE vs. CBU2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares US Aggregate Bond UCITS ETF USD (Dist) (EUNX.DE) and iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) (CBU2.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

EUNX.DE

1D
0.26%
1M
0.82%
6M
1.32%
YTD
2.85%
1Y
5.46%
3Y*
2.91%
5Y*
0.30%
10Y*
0.83%

CBU2.DE

1D
0.00%
1M
-1.09%
6M
-0.73%
YTD
-0.00%
1Y
0.18%
3Y*
2.51%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUNX.DE vs. CBU2.DE - Yearly Performance Comparison

2026 (YTD)202520242023
EUNX.DE
iShares US Aggregate Bond UCITS ETF USD (Dist)		2.85%-4.75%6.89%1.68%
CBU2.DE
iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc)		-0.00%0.93%2.28%7.33%

Correlation

The correlation between EUNX.DE and CBU2.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Apr 28, 2023

0.36

Over the past year, the correlation between EUNX.DE and CBU2.DE has dropped to 0.11 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

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iShares US Aggregate Bond UCITS ETF USD (Dist)

iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc)

Often compared with EUNX.DE:
EUNX.DE vs. SYBA.DEEUNX.DE vs. SYBU.DEEUNX.DE vs. 9E0E.DEEUNX.DE vs. EUN4.DEEUNX.DE vs. NQSE.DEEUNX.DE vs. IS3N.DEEUNX.DE vs. EUNL.DE
Often compared with CBU2.DE:
CBU2.DE vs. SYBU.DECBU2.DE vs. SYBA.DECBU2.DE vs. SXRV.DECBU2.DE vs. 9E0E.DECBU2.DE vs. EUN4.DECBU2.DE vs. NQSE.DECBU2.DE vs. EUNA.DE

Return for Risk

EUNX.DE vs. CBU2.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUNX.DE
EUNX.DE Risk / Return Rank: 3636
Overall Rank
EUNX.DE Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
EUNX.DE Sortino Ratio Rank: 3737
Sortino Ratio Rank
EUNX.DE Omega Ratio Rank: 3434
Omega Ratio Rank
EUNX.DE Calmar Ratio Rank: 4040
Calmar Ratio Rank
EUNX.DE Martin Ratio Rank: 3636
Martin Ratio Rank
CBU2.DE
CBU2.DE Risk / Return Rank: 1111
Overall Rank
CBU2.DE Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
CBU2.DE Sortino Ratio Rank: 1010
Sortino Ratio Rank
CBU2.DE Omega Ratio Rank: 1010
Omega Ratio Rank
CBU2.DE Calmar Ratio Rank: 1111
Calmar Ratio Rank
CBU2.DE Martin Ratio Rank: 1111
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUNX.DE vs. CBU2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF USD (Dist) (EUNX.DE) and iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) (CBU2.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.

EUNX.DECBU2.DEDifference
Sharpe ratioReturn per unit of total volatility
1.01
0.04

+0.97

Sortino ratioReturn per unit of downside risk
1.54
0.09

+1.44

Omega ratioGain probability vs. loss probability

1.18

1.01

+0.17

Calmar ratioReturn relative to maximum drawdown

1.57

0.06

+1.51

Martin ratioReturn relative to average drawdown

4.09

0.15

+3.94

EUNX.DE vs. CBU2.DE - Sharpe Ratio Comparison

The current EUNX.DE Sharpe Ratio is 1.01, which is higher than the CBU2.DE Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of EUNX.DE and CBU2.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EUNX.DE vs. CBU2.DE - Drawdown Comparison

The maximum EUNX.DE drawdown since its inception was -15.72%, which is greater than CBU2.DE's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for EUNX.DE and CBU2.DE.

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Drawdown Indicators

EUNX.DECBU2.DEDifference

Max Drawdown

Largest peak-to-trough decline

-15.72%

-3.29%

-12.43%

Max Drawdown (1Y)

Largest decline over 1 year

-3.46%

-3.06%

-0.40%

Max Drawdown (3Y)

Largest decline over 3 years

-10.97%

-3.29%

-7.68%

Max Drawdown (5Y)

Largest decline over 5 years

-12.69%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-15.72%

—

—

Current Drawdown

Current decline from peak

-6.50%

-1.98%

-4.52%

Average Drawdown

Average peak-to-trough decline

-6.91%

-1.15%

-5.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.33%

1.22%

+0.11%

Volatility

EUNX.DE vs. CBU2.DE - Volatility Comparison

iShares US Aggregate Bond UCITS ETF USD (Dist) (EUNX.DE) has a higher volatility of 1.26% compared to iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) (CBU2.DE) at 0.96%. This indicates that EUNX.DE's price experiences larger fluctuations and is considered to be riskier than CBU2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUNX.DECBU2.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.26%

0.96%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

3.80%

3.49%

+0.31%

Volatility (1Y)

Calculated over the trailing 1-year period

5.51%

4.12%

+1.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.85%

4.85%

+3.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.44%

4.85%

+2.59%

Dividends

EUNX.DE vs. CBU2.DE - Dividend Comparison

EUNX.DE's dividend yield for the trailing twelve months is around 3.84%, while CBU2.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CBU2.DE
iShares € Aggregate Bond ESG SRI 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%
EUNX.DE
iShares US Aggregate Bond UCITS ETF USD (Dist)		3.84%3.84%3.54%3.08%2.18%1.65%2.24%2.67%2.43%2.16%1.63%1.60%

Frequently Asked Questions

EUNX.DE and CBU2.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EUNX.DE tracks Bloomberg US Aggregate Bond Index, while CBU2.DE tracks Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index.

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