EXHB.DE vs. EUNA.DE
EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - EXHB.DE is a European Government Bonds fund tracking the eb.rexx® Government Germany 1.5-2.5, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, EXHB.DE returned 0.21%/yr vs -1.29%/yr for EUNA.DE. A 0.52 correlation means they provide meaningful diversification when combined. EXHB.DE charges 0.16%/yr vs 0.10%/yr for EUNA.DE.
Performance
EXHB.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHB.DE achieves a 0.01% return, which is significantly higher than EUNA.DE's -0.46% return.
EXHB.DE
- 1D
- 0.06%
- 1M
- 0.01%
- YTD
- 0.01%
- 6M
- 0.02%
- 1Y
- 0.58%
- 3Y*
- 2.11%
- 5Y*
- 0.21%
- 10Y*
- -0.27%
EUNA.DE
- 1D
- 0.22%
- 1M
- -0.12%
- YTD
- -0.46%
- 6M
- -0.07%
- 1Y
- 1.32%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
EXHB.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.01% | 1.65% | 2.56% | 2.58% | -5.04% | -0.96% | -0.80% | -0.87% | -0.54% | -0.28% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 5.06% | -1.17% | -0.54% |
Correlation
The correlation between EXHB.DE and EUNA.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.52 |
The correlation between EXHB.DE and EUNA.DE has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
EXHB.DE vs. EUNA.DE — Risk / Return Rank
EXHB.DE
EUNA.DE
EXHB.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) and iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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.
| EXHB.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 0.43 | -0.06 |
| Martin ratioReturn relative to average drawdown | 1.07 | 1.18 | -0.12 |
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
| EXHB.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.34 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | -0.28 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | -0.05 | +0.21 |
Drawdowns
EXHB.DE vs. EUNA.DE - Drawdown Comparison
The maximum EXHB.DE drawdown since its inception was -10.06%, smaller than the maximum EUNA.DE drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for EXHB.DE and EUNA.DE.
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Drawdown Indicators
| EXHB.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -17.79% | +7.73% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -2.75% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.17% | -4.02% | +2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -6.45% | -17.03% | +10.58% |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | — | — |
Current DrawdownCurrent decline from peak | -2.91% | -8.66% | +5.75% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -6.76% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.99% | -0.59% |
Volatility
EXHB.DE vs. EUNA.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) is 0.49%, while iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) has a volatility of 1.35%. This indicates that EXHB.DE experiences smaller price fluctuations and is considered to be less risky than EUNA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXHB.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.35% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 2.82% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.25% | 3.46% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.72% | 4.64% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.44% | 4.27% | -2.83% |
EXHB.DE vs. EUNA.DE - Expense Ratio Comparison
EXHB.DE has a 0.16% expense ratio, which is higher than EUNA.DE's 0.10% 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
EXHB.DE vs. EUNA.DE - Dividend Comparison
EXHB.DE's dividend yield for the trailing twelve months is around 1.39%, while EUNA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) 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% |
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.87% | 1.50% | 1.42% | 1.49% |
Frequently Asked Questions
EXHB.DE and EUNA.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.16% for EXHB.DE.
EXHB.DE is categorized as European Government Bonds, while EUNA.DE is Global Bonds. EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.16% for EXHB.DE and 0.10% for EUNA.DE.
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