EXHF.DE vs. EUNL.DE
EXHF.DE (iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EXHF.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, EXHF.DE returned -0.22%/yr vs 12.82%/yr for EUNL.DE. At a 0.02 correlation, their price movements are largely independent. EXHF.DE charges 0.15%/yr vs 0.20%/yr for EUNL.DE.
Performance
EXHF.DE vs. EUNL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHF.DE achieves a -0.61% return, which is significantly lower than EUNL.DE's 10.86% return. Over the past 10 years, EXHF.DE has underperformed EUNL.DE with an annualized return of -0.22%, while EUNL.DE has yielded a comparatively higher 12.82% annualized return.
EXHF.DE
- 1D
- 0.03%
- 1M
- -0.63%
- YTD
- -0.61%
- 6M
- -0.60%
- 1Y
- 0.03%
- 3Y*
- 2.53%
- 5Y*
- -1.98%
- 10Y*
- -0.22%
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%
EXHF.DE vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHF.DE iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) | -0.61% | 1.93% | 1.59% | 7.50% | -17.55% | -2.72% | 3.54% | 5.31% | 0.83% | 0.06% |
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 EXHF.DE and EUNL.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.02 |
Over the past year, EXHF.DE and EUNL.DE have become more correlated (0.25) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
EXHF.DE vs. EUNL.DE — Risk / Return Rank
EXHF.DE
EUNL.DE
EXHF.DE vs. EUNL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.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.
| EXHF.DE | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.40 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 3.64 | -3.75 |
| Martin ratioReturn relative to average drawdown | -0.29 | 14.52 | -14.80 |
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
| EXHF.DE | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 2.12 | -2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.90 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.04 | 0.84 | -0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.82 | -0.33 |
Drawdowns
EXHF.DE vs. EUNL.DE - Drawdown Comparison
The maximum EXHF.DE drawdown since its inception was -20.75%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EXHF.DE and EUNL.DE.
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Drawdown Indicators
| EXHF.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.75% | -33.63% | +12.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -6.50% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -3.59% | -21.73% | +18.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | -21.73% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -20.75% | -33.63% | +12.88% |
Current DrawdownCurrent decline from peak | -11.58% | -0.31% | -11.27% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -4.25% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.64% | -0.34% |
Volatility
EXHF.DE vs. EUNL.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) (EXHF.DE) is 1.96%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that EXHF.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
| EXHF.DE | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 2.62% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.59% | 7.72% | -4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 11.16% | -7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 14.17% | -7.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 15.17% | -10.13% |
EXHF.DE vs. EUNL.DE - Expense Ratio Comparison
EXHF.DE has a 0.15% 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
EXHF.DE vs. EUNL.DE - Dividend Comparison
EXHF.DE's dividend yield for the trailing twelve months is around 1.61%, 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% |
EXHF.DE iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE) | 1.61% | 1.74% | 1.03% | 0.51% | 0.63% | 0.62% | 0.66% | 0.75% | 0.75% | 1.51% | 1.87% | 2.45% |
Frequently Asked Questions
EXHF.DE and EUNL.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHF.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for EUNL.DE.
EXHF.DE is categorized as European Government Bonds, while EUNL.DE is Global Equities. EXHF.DE tracks iBoxx® EUR Liquid Sovereigns Capped 1.5-10.5, while EUNL.DE tracks MSCI World Index. Their fees differ too: 0.15% for EXHF.DE and 0.20% for EUNL.DE.
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