IBCQ.DE vs. EUNA.DE
IBCQ.DE (iShares Global Corp Bond EUR Hedged UCITS ETF (Dist)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IBCQ.DE is a Global Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate Index (EUR Hedged), 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, IBCQ.DE returned -1.18%/yr vs -1.36%/yr for EUNA.DE. A 0.68 correlation means they provide meaningful diversification when combined. IBCQ.DE charges 0.25%/yr vs 0.10%/yr for EUNA.DE.
Performance
IBCQ.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCQ.DE achieves a 0.37% return, which is significantly higher than EUNA.DE's -0.40% return.
IBCQ.DE
- 1D
- -0.07%
- 1M
- 0.56%
- 6M
- 0.23%
- YTD
- 0.37%
- 1Y
- 2.17%
- 3Y*
- 3.66%
- 5Y*
- -1.18%
- 10Y*
- 0.44%
EUNA.DE
- 1D
- -0.20%
- 1M
- 0.41%
- 6M
- 0.20%
- YTD
- -0.40%
- 1Y
- 0.82%
- 3Y*
- 2.34%
- 5Y*
- -1.36%
- 10Y*
- —
IBCQ.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCQ.DE iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) | 0.37% | 4.51% | 1.64% | 6.18% | -16.03% | -2.10% | 5.98% | 9.58% | -4.23% | 0.31% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.40% | 2.91% | 1.48% | 4.41% | -13.52% | -2.42% | 3.86% | 5.07% | -1.20% | -0.20% |
Correlation
The correlation between IBCQ.DE and EUNA.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | 0.68 |
The correlation between IBCQ.DE and EUNA.DE has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.
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Return for Risk
IBCQ.DE vs. EUNA.DE — Risk / Return Rank
IBCQ.DE
EUNA.DE
IBCQ.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) (IBCQ.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.
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.
| IBCQ.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.04 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 0.29 | +0.37 |
| Martin ratioReturn relative to average drawdown | 2.11 | 0.78 | +1.34 |
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Drawdowns
IBCQ.DE vs. EUNA.DE - Drawdown Comparison
The maximum IBCQ.DE drawdown since its inception was -21.76%, 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 IBCQ.DE and EUNA.DE.
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Drawdown Indicators
| IBCQ.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.76% | -17.81% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.27% | -2.80% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | -4.11% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -17.04% | -4.61% |
Max Drawdown (10Y)Largest decline over 10 years | -21.76% | — | — |
Current DrawdownCurrent decline from peak | -7.19% | -8.53% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -6.71% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.05% | -0.03% |
Volatility
IBCQ.DE vs. EUNA.DE - Volatility Comparison
iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) (IBCQ.DE) and iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) have volatilities of 0.90% and 0.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCQ.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.86% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 2.83% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.42% | 3.73% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 4.84% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.85% | 4.44% | +1.41% |
IBCQ.DE vs. EUNA.DE - Expense Ratio Comparison
IBCQ.DE has a 0.25% 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
IBCQ.DE vs. EUNA.DE - Dividend Comparison
IBCQ.DE's dividend yield for the trailing twelve months is around 4.11%, 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% |
IBCQ.DE iShares Global Corp Bond EUR Hedged UCITS ETF (Dist) | 4.11% | 3.96% | 3.75% | 3.20% | 2.62% | 2.09% | 2.36% | 2.66% | 3.00% | 2.19% | 2.51% | 2.75% |
Frequently Asked Questions
IBCQ.DE and EUNA.DE have a correlation of 0.66, 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 0.25% for IBCQ.DE.
IBCQ.DE is categorized as Global Corporate Bonds, while EUNA.DE is Global Bonds. IBCQ.DE tracks Bloomberg Global Aggregate Corporate Index (EUR Hedged), while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.25% for IBCQ.DE and 0.10% for EUNA.DE.
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