EXHB.DE vs. EUNL.DE
EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (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 EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, EXHB.DE returned -0.27%/yr vs 12.82%/yr for EUNL.DE. At a correlation of -0.06, they often move in opposite directions. EXHB.DE charges 0.16%/yr vs 0.20%/yr for EUNL.DE.
Performance
EXHB.DE vs. EUNL.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 lower than EUNL.DE's 10.86% return. Over the past 10 years, EXHB.DE has underperformed EUNL.DE with an annualized return of -0.27%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
EXHB.DE
- 1D
- 0.06%
- 1M
- 0.22%
- YTD
- 0.01%
- 6M
- -0.00%
- 1Y
- 0.43%
- 3Y*
- 2.11%
- 5Y*
- 0.21%
- 10Y*
- -0.27%
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
EXHB.DE vs. EUNL.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% | -1.07% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
Correlation
The correlation between EXHB.DE and EUNL.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | -0.06 |
The correlation between EXHB.DE and EUNL.DE shifts across timeframes, from -0.06 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EXHB.DE vs. EUNL.DE — Risk / Return Rank
EXHB.DE
EUNL.DE
EXHB.DE vs. EUNL.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 MSCI World UCITS ETF USD (Acc) (EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.40 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.64 | -3.28 |
| Martin ratioReturn relative to average drawdown | 1.07 | 14.52 | -13.45 |
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 | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 2.12 | -1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.90 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.84 | -1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.82 | -0.66 |
Drawdowns
EXHB.DE vs. EUNL.DE - Drawdown Comparison
The maximum EXHB.DE drawdown since its inception was -10.06%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EXHB.DE and EUNL.DE.
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Drawdown Indicators
| EXHB.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -33.63% | +23.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -6.50% | +5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -1.17% | -21.73% | +20.56% |
Max Drawdown (5Y)Largest decline over 5 years | -6.45% | -21.73% | +15.28% |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | -33.63% | +23.57% |
Current DrawdownCurrent decline from peak | -2.91% | -0.31% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -4.25% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.64% | -1.24% |
Volatility
EXHB.DE vs. EUNL.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 MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that EXHB.DE experiences smaller price fluctuations and is considered to be less risky than EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 2.62% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 7.72% | -6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.25% | 11.16% | -9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.72% | 14.17% | -12.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.44% | 15.17% | -13.73% |
EXHB.DE vs. EUNL.DE - Expense Ratio Comparison
EXHB.DE has a 0.16% expense ratio, which is lower than EUNL.DE's 0.20% expense ratio. Despite the difference, 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. EUNL.DE - Dividend Comparison
EXHB.DE's dividend yield for the trailing twelve months is around 1.39%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (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 EUNL.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHB.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHB.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for EUNL.DE.
EXHB.DE is categorized as European Government Bonds, while EUNL.DE is Global Equities. EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.16% for EXHB.DE and 0.20% for EUNL.DE.
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