IS04.DE vs. EUNA.DE
IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IS04.DE is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond 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, IS04.DE returned -5.21%/yr vs -1.29%/yr for EUNA.DE. A 0.68 correlation means they provide meaningful diversification when combined. IS04.DE charges 0.07%/yr vs 0.10%/yr for EUNA.DE.
Performance
IS04.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS04.DE achieves a 0.81% return, which is significantly higher than EUNA.DE's -0.46% return.
IS04.DE
- 1D
- 0.41%
- 1M
- 1.45%
- YTD
- 0.81%
- 6M
- -0.81%
- 1Y
- 2.13%
- 3Y*
- -4.20%
- 5Y*
- -5.21%
- 10Y*
- -1.74%
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
IS04.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.81% | -6.95% | -2.51% | -1.21% | -26.01% | 3.49% | 6.49% | 18.18% | 2.70% | -2.47% |
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 IS04.DE and EUNA.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.68 |
The correlation between IS04.DE and EUNA.DE shifts across timeframes, from 0.58 (1 year) to 0.72 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS04.DE vs. EUNA.DE — Risk / Return Rank
IS04.DE
EUNA.DE
IS04.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.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.
| IS04.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.43 | -0.14 |
| Martin ratioReturn relative to average drawdown | 0.62 | 1.18 | -0.57 |
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
| IS04.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.34 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.28 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.05 | -0.04 |
Drawdowns
IS04.DE vs. EUNA.DE - Drawdown Comparison
The maximum IS04.DE drawdown since its inception was -47.19%, 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 IS04.DE and EUNA.DE.
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Drawdown Indicators
| IS04.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.19% | -17.79% | -29.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -2.75% | -4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -4.02% | -14.45% |
Max Drawdown (5Y)Largest decline over 5 years | -40.05% | -17.03% | -23.02% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | — | — |
Current DrawdownCurrent decline from peak | -43.69% | -8.66% | -35.03% |
Average DrawdownAverage peak-to-trough decline | -21.89% | -6.76% | -15.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 0.99% | +2.46% |
Volatility
IS04.DE vs. EUNA.DE - Volatility Comparison
iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a higher volatility of 2.47% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that IS04.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
| IS04.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 1.35% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 2.82% | +3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 3.46% | +6.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 4.64% | +10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 4.27% | +10.42% |
IS04.DE vs. EUNA.DE - Expense Ratio Comparison
IS04.DE has a 0.07% expense ratio, which is lower than EUNA.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS04.DE vs. EUNA.DE - Dividend Comparison
IS04.DE's dividend yield for the trailing twelve months is around 4.35%, 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% |
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.35% | 4.38% | 4.62% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.79% | 2.72% | 2.56% | 2.14% |
Frequently Asked Questions
IS04.DE and EUNA.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS04.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS04.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for EUNA.DE.
IS04.DE is categorized as Government Bonds, while EUNA.DE is Global Bonds. IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.07% for IS04.DE and 0.10% for EUNA.DE.
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