IPRE.DE vs. EUNA.DE
IPRE.DE (iShares European Property Yield UCITS ETF EUR (Acc)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IPRE.DE is a REIT fund tracking the FTSE EPRA Nareit Developed Europe ex UK Dividend+ Index, 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, IPRE.DE returned -3.70%/yr vs -1.36%/yr for EUNA.DE. At a 0.29 correlation, their price movements are largely independent. IPRE.DE charges 0.40%/yr vs 0.10%/yr for EUNA.DE.
Performance
IPRE.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IPRE.DE achieves a 3.98% return, which is significantly higher than EUNA.DE's -0.40% return.
IPRE.DE
- 1D
- 0.20%
- 1M
- 4.20%
- 6M
- 4.86%
- YTD
- 3.98%
- 1Y
- 1.43%
- 3Y*
- 11.38%
- 5Y*
- -3.70%
- 10Y*
- —
EUNA.DE
- 1D
- -0.20%
- 1M
- 0.41%
- 6M
- 0.20%
- YTD
- -0.40%
- 1Y
- 0.82%
- 3Y*
- 2.34%
- 5Y*
- -1.36%
- 10Y*
- —
IPRE.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IPRE.DE iShares European Property Yield UCITS ETF EUR (Acc) | 3.98% | 8.66% | -0.90% | 18.13% | -37.40% | 8.12% | -8.88% | 26.14% | -4.74% |
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% | 0.20% |
Correlation
The correlation between IPRE.DE and EUNA.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.29 |
Over the past year, IPRE.DE and EUNA.DE have become more correlated (0.50) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
IPRE.DE vs. EUNA.DE — Risk / Return Rank
IPRE.DE
EUNA.DE
IPRE.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF EUR (Acc) (IPRE.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.
| IPRE.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 0.29 | -0.20 |
| Martin ratioReturn relative to average drawdown | 0.23 | 0.78 | -0.55 |
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Drawdowns
IPRE.DE vs. EUNA.DE - Drawdown Comparison
The maximum IPRE.DE drawdown since its inception was -50.15%, 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 IPRE.DE and EUNA.DE.
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Drawdown Indicators
| IPRE.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.15% | -17.81% | -32.34% |
Max Drawdown (1Y)Largest decline over 1 year | -15.03% | -2.80% | -12.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.41% | -4.11% | -13.30% |
Max Drawdown (5Y)Largest decline over 5 years | -49.30% | -17.04% | -32.26% |
Current DrawdownCurrent decline from peak | -24.16% | -8.53% | -15.63% |
Average DrawdownAverage peak-to-trough decline | -23.68% | -6.71% | -16.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.23% | 1.05% | +5.18% |
Volatility
IPRE.DE vs. EUNA.DE - Volatility Comparison
iShares European Property Yield UCITS ETF EUR (Acc) (IPRE.DE) has a higher volatility of 3.88% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 0.86%. This indicates that IPRE.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
| IPRE.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 0.86% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 2.83% | +10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 3.73% | +11.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 4.84% | +16.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 4.44% | +16.77% |
IPRE.DE vs. EUNA.DE - Expense Ratio Comparison
IPRE.DE has a 0.40% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
IPRE.DE vs. EUNA.DE - Dividend Comparison
Neither IPRE.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
IPRE.DE and EUNA.DE have a correlation of 0.50, 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 0.40% for IPRE.DE.
IPRE.DE is categorized as REIT, while EUNA.DE is Global Bonds. IPRE.DE tracks FTSE EPRA Nareit Developed Europe ex UK Dividend+ Index, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.40% for IPRE.DE and 0.10% for EUNA.DE.
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