IEXA.DE vs. EUNA.DE
IEXA.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IEXA.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate ex-Financials Bond, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 3 years, IEXA.DE returned 4.16%/yr vs 2.33%/yr for EUNA.DE. A 0.70 correlation means they provide meaningful diversification when combined. IEXA.DE charges 0.20%/yr vs 0.10%/yr for EUNA.DE.
Performance
IEXA.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
IEXA.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.30%
- 6M
- 1.48%
- 1Y
- 2.24%
- 3Y*
- 4.16%
- 5Y*
- —
- 10Y*
- —
EUNA.DE
- 1D
- 0.00%
- 1M
- 0.81%
- YTD
- -0.00%
- 6M
- 0.41%
- 1Y
- 1.23%
- 3Y*
- 2.33%
- 5Y*
- -1.17%
- 10Y*
- —
IEXA.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 1.30% | 2.47% | 3.54% | 7.38% | -5.39% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.00% | 2.91% | 1.48% | 4.41% | -6.00% |
Correlation
The correlation between IEXA.DE and EUNA.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.71 |
The correlation between IEXA.DE and EUNA.DE has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
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Return for Risk
IEXA.DE vs. EUNA.DE — Risk / Return Rank
IEXA.DE
EUNA.DE
IEXA.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.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.
| IEXA.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.06 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.44 | +0.44 |
| Martin ratioReturn relative to average drawdown | 2.79 | 1.18 | +1.61 |
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Drawdowns
IEXA.DE vs. EUNA.DE - Drawdown Comparison
The maximum IEXA.DE drawdown since its inception was -9.06%, smaller than the maximum EUNA.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for IEXA.DE and EUNA.DE.
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Drawdown Indicators
| IEXA.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -17.81% | +8.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -2.80% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -2.56% | -4.11% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.04% | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.16% | +8.16% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -6.71% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.03% | -0.23% |
Volatility
IEXA.DE vs. EUNA.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) is 0.78%, while iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) has a volatility of 0.94%. This indicates that IEXA.DE experiences smaller price fluctuations and is considered to be less risky 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
| IEXA.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.94% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.93% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 3.72% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 4.84% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 4.44% | +0.33% |
IEXA.DE vs. EUNA.DE - Expense Ratio Comparison
IEXA.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
IEXA.DE vs. EUNA.DE - Dividend Comparison
Neither IEXA.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
IEXA.DE and EUNA.DE have a correlation of 0.68, 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 IEXA.DE.
IEXA.DE is categorized as European Corporate Bonds, while EUNA.DE is Global Bonds. IEXA.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.20% for IEXA.DE and 0.10% for EUNA.DE.
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