IGLS.L vs. EUNH.DE
IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds from iShares - IGLS.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, IGLS.L returned 0.89%/yr vs 0.65%/yr for EUNH.DE. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.07% expense ratio.
Performance
IGLS.L vs. EUNH.DE - Performance Comparison
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Different Trading Currencies
IGLS.L is traded in GBP, while EUNH.DE is traded in EUR. To make them comparable, the EUNH.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGLS.L achieves a 0.26% return, which is significantly higher than EUNH.DE's -0.85% return. Over the past 10 years, IGLS.L has outperformed EUNH.DE with an annualized return of 0.89%, while EUNH.DE has yielded a comparatively lower 0.65% annualized return.
IGLS.L
- 1D
- 0.08%
- 1M
- 0.69%
- YTD
- 0.26%
- 6M
- 0.63%
- 1Y
- 3.12%
- 3Y*
- 4.24%
- 5Y*
- 1.32%
- 10Y*
- 0.89%
EUNH.DE
- 1D
- 0.16%
- 1M
- 0.71%
- YTD
- -0.85%
- 6M
- -0.95%
- 1Y
- 2.59%
- 3Y*
- 2.50%
- 5Y*
- -2.13%
- 10Y*
- 0.65%
IGLS.L vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.26% | 5.26% | 2.65% | 4.19% | -4.45% | -1.68% | 1.49% | 1.05% | 0.13% | -0.38% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.85% | 6.05% | -2.90% | 4.70% | -13.84% | -10.19% | 10.63% | 1.21% | 2.28% | 4.14% |
Correlation
The correlation between IGLS.L and EUNH.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | 0.38 |
The correlation between IGLS.L and EUNH.DE shifts across timeframes, from 0.38 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGLS.L vs. EUNH.DE — Risk / Return Rank
IGLS.L
EUNH.DE
IGLS.L vs. EUNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) and iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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.
| IGLS.L | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.08 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 0.57 | +1.02 |
| Martin ratioReturn relative to average drawdown | 5.45 | 1.28 | +4.17 |
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
| IGLS.L | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.45 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | -0.28 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.08 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.11 | +0.57 |
Drawdowns
IGLS.L vs. EUNH.DE - Drawdown Comparison
The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum EUNH.DE drawdown of -26.66%. Use the drawdown chart below to compare losses from any high point for IGLS.L and EUNH.DE.
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Drawdown Indicators
| IGLS.L | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -26.66% | +17.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -4.53% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.95% | -6.20% | +4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | -20.91% | +12.06% |
Max Drawdown (10Y)Largest decline over 10 years | -9.54% | -26.66% | +17.12% |
Current DrawdownCurrent decline from peak | -0.65% | -18.80% | +18.15% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -9.82% | +8.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.02% | -1.45% |
Volatility
IGLS.L vs. EUNH.DE - Volatility Comparison
The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 0.77%, while iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a volatility of 1.86%. This indicates that IGLS.L experiences smaller price fluctuations and is considered to be less risky than EUNH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLS.L | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 1.86% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 4.47% | -2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 5.71% | -3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 7.44% | -4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.18% | 8.49% | -6.31% |
IGLS.L vs. EUNH.DE - Expense Ratio Comparison
Both IGLS.L and EUNH.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IGLS.L vs. EUNH.DE - Dividend Comparison
IGLS.L's dividend yield for the trailing twelve months is around 3.99%, more than EUNH.DE's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.99% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
Frequently Asked Questions
IGLS.L and EUNH.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IGLS.L and EUNH.DE have the same expense ratio: 0.07% per year.
IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury.
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