IBCH.DE vs. EUNA.DE
IBCH.DE (iShares MSCI World EUR Hedged UCITS ETF Accumulating) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IBCH.DE is a Global Equities fund tracking the MSCI World 100% Hedged to EUR Net, 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, IBCH.DE returned 10.57%/yr vs -1.29%/yr for EUNA.DE. At a 0.04 correlation, their price movements are largely independent. IBCH.DE charges 0.55%/yr vs 0.10%/yr for EUNA.DE.
Performance
IBCH.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCH.DE achieves a 8.84% return, which is significantly higher than EUNA.DE's -0.46% return.
IBCH.DE
- 1D
- 0.09%
- 1M
- 2.82%
- YTD
- 8.84%
- 6M
- 9.58%
- 1Y
- 23.44%
- 3Y*
- 18.41%
- 5Y*
- 10.57%
- 10Y*
- 11.23%
EUNA.DE
- 1D
- 0.22%
- 1M
- -0.12%
- YTD
- -0.46%
- 6M
- -0.07%
- 1Y
- 1.32%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
IBCH.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCH.DE iShares MSCI World EUR Hedged UCITS ETF Accumulating | 8.84% | 16.80% | 19.60% | 21.25% | -18.84% | 23.63% | 11.16% | 24.84% | -10.33% | 0.92% |
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 IBCH.DE and EUNA.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
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 | 0.04 |
Over the past year, IBCH.DE and EUNA.DE have become more correlated (0.38) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
IBCH.DE vs. EUNA.DE — Risk / Return Rank
IBCH.DE
EUNA.DE
IBCH.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.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.
| IBCH.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.06 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 0.43 | +2.61 |
| Martin ratioReturn relative to average drawdown | 13.04 | 1.18 | +11.86 |
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
| IBCH.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 0.34 | +1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | -0.28 | +0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | -0.05 | +0.69 |
Drawdowns
IBCH.DE vs. EUNA.DE - Drawdown Comparison
The maximum IBCH.DE drawdown since its inception was -33.56%, 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 IBCH.DE and EUNA.DE.
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Drawdown Indicators
| IBCH.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.56% | -17.79% | -15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -2.75% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -4.02% | -13.56% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | -17.03% | -6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -8.66% | +8.27% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -6.76% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 0.99% | +0.83% |
Volatility
IBCH.DE vs. EUNA.DE - Volatility Comparison
iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.DE) has a higher volatility of 2.94% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that IBCH.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
| IBCH.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 1.35% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 2.82% | +5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 3.46% | +7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 4.64% | +10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 4.27% | +11.05% |
IBCH.DE vs. EUNA.DE - Expense Ratio Comparison
IBCH.DE has a 0.55% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
IBCH.DE vs. EUNA.DE - Dividend Comparison
Neither IBCH.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCH.DE and EUNA.DE have a correlation of 0.38, 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 0.55% for IBCH.DE.
IBCH.DE is categorized as Global Equities, while EUNA.DE is Global Bonds. IBCH.DE tracks MSCI World 100% Hedged to EUR Net, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.55% for IBCH.DE and 0.10% for EUNA.DE.
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