HO.PA vs. EUNA.DE
HO.PA (Thales S.A.) is a stock, while EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) is Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Over the past 5 years, HO.PA returned 24.33%/yr vs -1.28%/yr for EUNA.DE. At a correlation of -0.01, they often move in opposite directions.
Performance
HO.PA vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HO.PA achieves a 1.72% return, which is significantly higher than EUNA.DE's -0.20% return.
HO.PA
- 1D
- -1.75%
- 1M
- 6.54%
- YTD
- 1.72%
- 6M
- 1.06%
- 1Y
- -6.32%
- 3Y*
- 21.72%
- 5Y*
- 24.33%
- 10Y*
- 14.41%
EUNA.DE
- 1D
- 0.41%
- 1M
- 1.23%
- YTD
- -0.20%
- 6M
- 0.41%
- 1Y
- 1.44%
- 3Y*
- 2.41%
- 5Y*
- -1.28%
- 10Y*
- —
HO.PA vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HO.PA Thales S.A. | 1.72% | 68.36% | 5.76% | 14.78% | 63.17% | 2.31% | -18.62% | -7.22% | 15.39% | 2.68% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.20% | 2.91% | 1.48% | 4.41% | -13.52% | -2.42% | 3.86% | 5.07% | -1.20% | -0.20% |
Correlation
The correlation between HO.PA and EUNA.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | -0.01 |
The correlation between HO.PA and EUNA.DE shifts across timeframes, from -0.01 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HO.PA vs. EUNA.DE — Risk / Return Rank
HO.PA
EUNA.DE
HO.PA vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thales S.A. (HO.PA) 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.
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.
| HO.PA | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.07 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 0.51 | -0.83 |
| Martin ratioReturn relative to average drawdown | -0.62 | 1.42 | -2.04 |
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Drawdowns
HO.PA vs. EUNA.DE - Drawdown Comparison
The maximum HO.PA drawdown since its inception was -53.77%, which is greater than EUNA.DE's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for HO.PA and EUNA.DE.
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Drawdown Indicators
| HO.PA | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.77% | -17.81% | -35.96% |
Max Drawdown (1Y)Largest decline over 1 year | -19.60% | -2.80% | -16.80% |
Max Drawdown (3Y)Largest decline over 3 years | -20.55% | -4.11% | -16.44% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -17.04% | -4.93% |
Max Drawdown (10Y)Largest decline over 10 years | -53.77% | — | — |
Current DrawdownCurrent decline from peak | -14.01% | -8.35% | -5.66% |
Average DrawdownAverage peak-to-trough decline | -15.83% | -6.70% | -9.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.06% | 1.01% | +9.05% |
Volatility
HO.PA vs. EUNA.DE - Volatility Comparison
Thales S.A. (HO.PA) has a higher volatility of 7.84% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.22%. This indicates that HO.PA'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
| HO.PA | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.84% | 1.22% | +6.62% |
Volatility (6M)Calculated over the trailing 6-month period | 23.74% | 2.95% | +20.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.20% | 3.72% | +27.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.24% | 4.84% | +23.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.59% | 4.45% | +23.14% |
Dividends
HO.PA vs. EUNA.DE - Dividend Comparison
HO.PA's dividend yield for the trailing twelve months is around 1.69%, 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% |
HO.PA Thales S.A. | 1.69% | 1.65% | 2.49% | 2.27% | 2.23% | 2.62% | 0.53% | 2.36% | 1.76% | 1.84% | 1.53% | 1.64% |
Frequently Asked Questions
HO.PA and EUNA.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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