EXXY.DE vs. EUNA.DE
EXXY.DE (iShares Diversified Commodity Swap UCITS ETF (DE)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - EXXY.DE is a Commodities fund tracking the Bloomberg Commodity, 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, EXXY.DE returned 11.46%/yr vs -1.29%/yr for EUNA.DE. At a correlation of -0.13, they often move in opposite directions. EXXY.DE charges 0.46%/yr vs 0.10%/yr for EUNA.DE.
Performance
EXXY.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXXY.DE achieves a 23.43% return, which is significantly higher than EUNA.DE's -0.46% return.
EXXY.DE
- 1D
- -1.47%
- 1M
- -3.12%
- YTD
- 23.43%
- 6M
- 24.08%
- 1Y
- 33.97%
- 3Y*
- 11.64%
- 5Y*
- 11.46%
- 10Y*
- 5.66%
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
EXXY.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE) | 23.43% | 3.90% | 10.13% | -10.90% | 21.43% | 38.49% | -14.34% | 8.73% | -6.18% | 2.63% |
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 EXXY.DE and EUNA.DE is -0.41, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | -0.13 |
Over the past year, the inverse relationship between EXXY.DE and EUNA.DE has strengthened: their correlation has moved from -0.13 to -0.41, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
EXXY.DE vs. EUNA.DE — Risk / Return Rank
EXXY.DE
EUNA.DE
EXXY.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.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.
| EXXY.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.06 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 0.43 | +3.35 |
| Martin ratioReturn relative to average drawdown | 8.41 | 1.18 | +7.23 |
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
| EXXY.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 0.34 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | -0.28 | +0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.05 | +0.07 |
Drawdowns
EXXY.DE vs. EUNA.DE - Drawdown Comparison
The maximum EXXY.DE drawdown since its inception was -65.58%, which is greater than EUNA.DE's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for EXXY.DE and EUNA.DE.
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Drawdown Indicators
| EXXY.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -17.79% | -47.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -2.75% | -6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -16.31% | -4.02% | -12.29% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -17.03% | -11.00% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | — | — |
Current DrawdownCurrent decline from peak | -16.97% | -8.66% | -8.31% |
Average DrawdownAverage peak-to-trough decline | -40.08% | -6.76% | -33.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 0.99% | +3.04% |
Volatility
EXXY.DE vs. EUNA.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) has a higher volatility of 5.99% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that EXXY.DE's price experiences larger fluctuations and is considered to be riskier 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
| EXXY.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 1.35% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 2.82% | +13.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 3.46% | +15.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 4.64% | +12.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 4.27% | +11.05% |
EXXY.DE vs. EUNA.DE - Expense Ratio Comparison
EXXY.DE has a 0.46% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
EXXY.DE vs. EUNA.DE - Dividend Comparison
Neither EXXY.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
EXXY.DE and EUNA.DE have a correlation of -0.41, 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 0.46% for EXXY.DE.
EXXY.DE is categorized as Commodities, while EUNA.DE is Global Bonds. EXXY.DE tracks Bloomberg Commodity, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.46% for EXXY.DE and 0.10% for EUNA.DE.
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