IS04.DE vs. EUNN.DE
IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - IS04.DE is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI. Both are passively managed. Over the past 10 years, IS04.DE returned -2.08%/yr vs 9.52%/yr for EUNN.DE. At a 0.04 correlation, their price movements are largely independent. IS04.DE charges 0.07%/yr vs 0.12%/yr for EUNN.DE.
Performance
IS04.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS04.DE achieves a 5.35% return, which is significantly lower than EUNN.DE's 19.71% return. Over the past 10 years, IS04.DE has underperformed EUNN.DE with an annualized return of -2.08%, while EUNN.DE has yielded a comparatively higher 9.52% annualized return.
IS04.DE
- 1D
- 0.00%
- 1M
- 5.35%
- YTD
- 5.35%
- 6M
- 5.74%
- 1Y
- 7.72%
- 3Y*
- -2.70%
- 5Y*
- -5.14%
- 10Y*
- -2.08%
EUNN.DE
- 1D
- 0.54%
- 1M
- 3.39%
- YTD
- 19.71%
- 6M
- 19.97%
- 1Y
- 37.65%
- 3Y*
- 17.53%
- 5Y*
- 10.23%
- 10Y*
- 9.52%
IS04.DE vs. EUNN.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) | 5.35% | -7.08% | -2.45% | -1.26% | -25.93% | 3.50% | 6.45% | 18.16% | 2.87% | -4.41% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 19.71% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
Correlation
The correlation between IS04.DE and EUNN.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.04 |
The correlation between IS04.DE and EUNN.DE shifts across timeframes, from 0.04 (10 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS04.DE vs. EUNN.DE — Risk / Return Rank
IS04.DE
EUNN.DE
IS04.DE vs. EUNN.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 MSCI Japan IMI UCITS ETF (EUNN.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.
| IS04.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.38 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 3.91 | -2.88 |
| Martin ratioReturn relative to average drawdown | 2.21 | 13.04 | -10.83 |
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Drawdowns
IS04.DE vs. EUNN.DE - Drawdown Comparison
The maximum IS04.DE drawdown since its inception was -47.19%, which is greater than EUNN.DE's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for IS04.DE and EUNN.DE.
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Drawdown Indicators
| IS04.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.19% | -28.56% | -18.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -9.58% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -15.81% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -39.96% | -19.41% | -20.55% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | -28.56% | -18.63% |
Current DrawdownCurrent decline from peak | -41.19% | -2.49% | -38.70% |
Average DrawdownAverage peak-to-trough decline | -22.82% | -6.84% | -15.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.88% | +0.61% |
Volatility
IS04.DE vs. EUNN.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) is 2.51%, while iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a volatility of 5.61%. This indicates that IS04.DE experiences smaller price fluctuations and is considered to be less risky than EUNN.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 | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 5.61% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 15.36% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.95% | 18.63% | -8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 16.20% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 16.10% | -1.45% |
IS04.DE vs. EUNN.DE - Expense Ratio Comparison
IS04.DE has a 0.07% expense ratio, which is lower than EUNN.DE's 0.12% 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. EUNN.DE - Dividend Comparison
IS04.DE's dividend yield for the trailing twelve months is around 4.51%, while EUNN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 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) | 4.51% | 4.38% | 4.61% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.78% | 2.73% | 2.57% | 2.14% |
Frequently Asked Questions
IS04.DE and EUNN.DE have a correlation of 0.14, 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 0.12% for EUNN.DE.
IS04.DE is categorized as Government Bonds, while EUNN.DE is Japan Equities. IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index, while EUNN.DE tracks MSCI Japan IMI. Their fees differ too: 0.07% for IS04.DE and 0.12% for EUNN.DE.
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