IBC0.DE vs. EUNA.DE
IBC0.DE (iShares Edge MSCI Europe Multifactor UCITS ETF) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IBC0.DE is a Europe Equities fund tracking the MSCI Europe Diversified Multiple-Factor, 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, IBC0.DE returned 10.54%/yr vs -1.29%/yr for EUNA.DE. At a 0.05 correlation, their price movements are largely independent. IBC0.DE charges 0.45%/yr vs 0.10%/yr for EUNA.DE.
Performance
IBC0.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC0.DE achieves a 9.99% return, which is significantly higher than EUNA.DE's -0.46% return.
IBC0.DE
- 1D
- 0.63%
- 1M
- 0.47%
- YTD
- 9.99%
- 6M
- 13.20%
- 1Y
- 19.89%
- 3Y*
- 18.33%
- 5Y*
- 10.54%
- 10Y*
- 9.77%
EUNA.DE
- 1D
- 0.22%
- 1M
- -0.12%
- YTD
- -0.46%
- 6M
- -0.07%
- 1Y
- 1.32%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
IBC0.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 9.99% | 21.49% | 14.29% | 19.19% | -15.94% | 26.76% | -0.55% | 26.28% | -11.58% | 0.83% |
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 IBC0.DE and EUNA.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.05 |
Over the past year, IBC0.DE and EUNA.DE have become more correlated (0.36) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
IBC0.DE vs. EUNA.DE — Risk / Return Rank
IBC0.DE
EUNA.DE
IBC0.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.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.
| IBC0.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.06 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 0.43 | +2.14 |
| Martin ratioReturn relative to average drawdown | 9.54 | 1.18 | +8.35 |
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
| IBC0.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.34 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | -0.28 | +0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | -0.05 | +0.64 |
Drawdowns
IBC0.DE vs. EUNA.DE - Drawdown Comparison
The maximum IBC0.DE drawdown since its inception was -37.22%, 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 IBC0.DE and EUNA.DE.
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Drawdown Indicators
| IBC0.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.22% | -17.79% | -19.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -2.75% | -5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.28% | -4.02% | -11.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.64% | -17.03% | -7.61% |
Max Drawdown (10Y)Largest decline over 10 years | -37.22% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | -8.66% | +7.13% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -6.76% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.99% | +1.13% |
Volatility
IBC0.DE vs. EUNA.DE - Volatility Comparison
iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) has a higher volatility of 4.25% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that IBC0.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
| IBC0.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 1.35% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 2.82% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 3.46% | +9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 4.64% | +10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 4.27% | +12.05% |
IBC0.DE vs. EUNA.DE - Expense Ratio Comparison
IBC0.DE has a 0.45% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
IBC0.DE vs. EUNA.DE - Dividend Comparison
Neither IBC0.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC0.DE and EUNA.DE have a correlation of 0.36, 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 0.45% for IBC0.DE.
IBC0.DE is categorized as Europe Equities, while EUNA.DE is Global Bonds. IBC0.DE tracks MSCI Europe Diversified Multiple-Factor, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.45% for IBC0.DE and 0.10% for EUNA.DE.
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