IBCM.DE vs. EUNA.DE
IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IBCM.DE is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 10, 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, IBCM.DE returned -2.34%/yr vs -1.29%/yr for EUNA.DE. A 0.75 correlation means they provide meaningful diversification when combined. IBCM.DE charges 0.15%/yr vs 0.10%/yr for EUNA.DE.
Performance
IBCM.DE vs. EUNA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCM.DE achieves a 0.27% return, which is significantly higher than EUNA.DE's -0.46% return.
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.50%
- YTD
- 0.27%
- 6M
- -0.09%
- 1Y
- 0.13%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
EUNA.DE
- 1D
- 0.22%
- 1M
- -0.12%
- YTD
- -0.46%
- 6M
- -0.07%
- 1Y
- 1.32%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
IBCM.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | 6.64% | 1.32% | -1.13% |
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 IBCM.DE and EUNA.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.75 |
The correlation between IBCM.DE and EUNA.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBCM.DE vs. EUNA.DE — Risk / Return Rank
IBCM.DE
EUNA.DE
IBCM.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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.
| IBCM.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.06 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 0.43 | -0.39 |
| Martin ratioReturn relative to average drawdown | 0.08 | 1.18 | -1.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBCM.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 0.34 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.28 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | -0.05 | +0.64 |
Drawdowns
IBCM.DE vs. EUNA.DE - Drawdown Comparison
The maximum IBCM.DE drawdown since its inception was -23.25%, 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 IBCM.DE and EUNA.DE.
Loading charts...
Drawdown Indicators
| IBCM.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.25% | -17.79% | -5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -2.75% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -4.02% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -17.03% | -5.87% |
Max Drawdown (10Y)Largest decline over 10 years | -23.25% | — | — |
Current DrawdownCurrent decline from peak | -13.71% | -8.66% | -5.05% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -6.76% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 0.99% | +0.54% |
Volatility
IBCM.DE vs. EUNA.DE - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) has a higher volatility of 1.94% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that IBCM.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.
Loading charts...
Volatility by Period
| IBCM.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.35% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 2.82% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 3.46% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 4.64% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.03% | 4.27% | +1.76% |
IBCM.DE vs. EUNA.DE - Expense Ratio Comparison
IBCM.DE has a 0.15% 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
IBCM.DE vs. EUNA.DE - Dividend Comparison
IBCM.DE's dividend yield for the trailing twelve months is around 2.92%, 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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
Frequently Asked Questions
IBCM.DE and EUNA.DE have a correlation of 0.77, 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 0.15% for IBCM.DE.
IBCM.DE is categorized as European Government Bonds, while EUNA.DE is Global Bonds. IBCM.DE tracks Bloomberg Euro Government Bond 10, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.15% for IBCM.DE and 0.10% for EUNA.DE.
Find the right allocation for IBCM.DE and EUNA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer