IBCK.DE vs. EUNA.DE
IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IBCK.DE is a S&P 500 fund tracking the S&P 500 Minimum Volatility, 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, IBCK.DE returned 9.91%/yr vs -1.29%/yr for EUNA.DE. At a 0.04 correlation, their price movements are largely independent. IBCK.DE charges 0.20%/yr vs 0.10%/yr for EUNA.DE.
Performance
IBCK.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCK.DE achieves a 5.14% return, which is significantly higher than EUNA.DE's -0.46% return.
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.51%
- YTD
- 5.14%
- 6M
- 5.73%
- 1Y
- 9.44%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
IBCK.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | -0.69% | 25.61% | 6.20% | -6.04% | 35.73% | -2.18% | 34.85% | -1.47% | -0.55% |
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 IBCK.DE and EUNA.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.04 |
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Return for Risk
IBCK.DE vs. EUNA.DE — Risk / Return Rank
IBCK.DE
EUNA.DE
IBCK.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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.
| IBCK.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.06 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.43 | +1.40 |
| Martin ratioReturn relative to average drawdown | 5.31 | 1.18 | +4.12 |
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
| IBCK.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.34 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | -0.28 | +1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | -0.05 | +0.94 |
Drawdowns
IBCK.DE vs. EUNA.DE - Drawdown Comparison
The maximum IBCK.DE drawdown since its inception was -33.11%, 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 IBCK.DE and EUNA.DE.
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Drawdown Indicators
| IBCK.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -17.79% | -15.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -2.75% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -4.02% | -13.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | -17.03% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -33.11% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -8.66% | +8.19% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -6.76% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 0.99% | +0.76% |
Volatility
IBCK.DE vs. EUNA.DE - Volatility Comparison
iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) has a higher volatility of 2.26% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that IBCK.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
| IBCK.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 1.35% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 5.71% | 2.82% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 3.46% | +5.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.37% | 4.64% | +7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 4.27% | +9.75% |
IBCK.DE vs. EUNA.DE - Expense Ratio Comparison
IBCK.DE has a 0.20% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBCK.DE vs. EUNA.DE - Dividend Comparison
Neither IBCK.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCK.DE and EUNA.DE have a correlation of 0.12, 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 0.20% for IBCK.DE.
IBCK.DE is categorized as S&P 500, while EUNA.DE is Global Bonds. IBCK.DE tracks S&P 500 Minimum Volatility, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.20% for IBCK.DE and 0.10% for EUNA.DE.
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