IS0L.DE vs. EUNH.DE
IS0L.DE (iShares Germany Government Bond UCITS ETF (Dist)) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds from iShares - IS0L.DE tracks the Bloomberg Euro Treasury Germany while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, IS0L.DE returned -1.31%/yr vs -0.32%/yr for EUNH.DE. Their correlation of 0.82 suggests significant overlap in exposure. IS0L.DE charges 0.20%/yr vs 0.07%/yr for EUNH.DE.
Performance
IS0L.DE vs. EUNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0L.DE achieves a -0.09% return, which is significantly lower than EUNH.DE's -0.06% return. Over the past 10 years, IS0L.DE has underperformed EUNH.DE with an annualized return of -1.31%, while EUNH.DE has yielded a comparatively higher -0.32% annualized return.
IS0L.DE
- 1D
- 0.09%
- 1M
- -0.08%
- YTD
- -0.09%
- 6M
- -0.26%
- 1Y
- -1.03%
- 3Y*
- 0.83%
- 5Y*
- -3.06%
- 10Y*
- -1.31%
EUNH.DE
- 1D
- 0.04%
- 1M
- -0.08%
- YTD
- -0.06%
- 6M
- 0.09%
- 1Y
- 0.30%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
IS0L.DE vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | -0.09% | -1.50% | 0.13% | 5.16% | -17.86% | -2.55% | 2.69% | 2.82% | 2.31% | -1.63% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 4.72% | 6.76% | 0.85% | -0.13% |
Correlation
The correlation between IS0L.DE and EUNH.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.82 |
The correlation between IS0L.DE and EUNH.DE shifts across timeframes, from 0.82 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS0L.DE vs. EUNH.DE — Risk / Return Rank
IS0L.DE
EUNH.DE
IS0L.DE vs. EUNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Germany Government Bond UCITS ETF (Dist) (IS0L.DE) 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.
| IS0L.DE | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.00 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.03 | -0.45 |
| Martin ratioReturn relative to average drawdown | -1.02 | -0.08 | -0.94 |
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
| IS0L.DE | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | -0.02 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | -0.35 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | -0.06 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.25 | -0.28 |
Drawdowns
IS0L.DE vs. EUNH.DE - Drawdown Comparison
The maximum IS0L.DE drawdown since its inception was -23.96%, which is greater than EUNH.DE's maximum drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for IS0L.DE and EUNH.DE.
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Drawdown Indicators
| IS0L.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.96% | -22.43% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.48% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -4.10% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.24% | -21.53% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -23.96% | -22.43% | -1.53% |
Current DrawdownCurrent decline from peak | -19.49% | -14.10% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -5.97% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.35% | +0.04% |
Volatility
IS0L.DE vs. EUNH.DE - Volatility Comparison
The current volatility for iShares Germany Government Bond UCITS ETF (Dist) (IS0L.DE) is 1.37%, while iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a volatility of 1.72%. This indicates that IS0L.DE 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
| IS0L.DE | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.72% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 3.70% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 4.37% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 6.34% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 5.52% | -0.25% |
IS0L.DE vs. EUNH.DE - Expense Ratio Comparison
IS0L.DE has a 0.20% expense ratio, which is higher than EUNH.DE's 0.07% 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
IS0L.DE vs. EUNH.DE - Dividend Comparison
IS0L.DE's dividend yield for the trailing twelve months is around 2.19%, less 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% |
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | 2.19% | 2.19% | 2.13% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.35% |
Frequently Asked Questions
With a correlation of 0.91, IS0L.DE and EUNH.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for IS0L.DE.
IS0L.DE tracks Bloomberg Euro Treasury Germany, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. Their fees differ too: 0.20% for IS0L.DE and 0.07% for EUNH.DE.
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