IS0M.DE vs. EUNA.DE
IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IS0M.DE is a European Government Bonds fund tracking the Bloomberg Italy Treasury Bond, 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, IS0M.DE returned -0.79%/yr vs -1.29%/yr for EUNA.DE. A 0.61 correlation means they provide meaningful diversification when combined. IS0M.DE charges 0.20%/yr vs 0.10%/yr for EUNA.DE.
Performance
IS0M.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0M.DE achieves a -0.32% return, which is significantly higher than EUNA.DE's -0.46% return.
IS0M.DE
- 1D
- 0.01%
- 1M
- 0.82%
- YTD
- -0.32%
- 6M
- -0.34%
- 1Y
- 0.84%
- 3Y*
- 4.15%
- 5Y*
- -0.79%
- 10Y*
- 0.92%
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
IS0M.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | -0.32% | 3.07% | 4.66% | 9.14% | -17.24% | -2.99% | 7.54% | 10.45% | -1.48% | -1.35% |
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 IS0M.DE and EUNA.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.61 |
The correlation between IS0M.DE and EUNA.DE shifts across timeframes, from 0.61 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS0M.DE vs. EUNA.DE — Risk / Return Rank
IS0M.DE
EUNA.DE
IS0M.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.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.
| IS0M.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.06 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.43 | -0.23 |
| Martin ratioReturn relative to average drawdown | 0.58 | 1.18 | -0.60 |
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
| IS0M.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.34 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | -0.28 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.05 | +0.54 |
Drawdowns
IS0M.DE vs. EUNA.DE - Drawdown Comparison
The maximum IS0M.DE drawdown since its inception was -21.08%, 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 IS0M.DE and EUNA.DE.
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Drawdown Indicators
| IS0M.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -17.79% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -2.75% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -4.02% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -17.03% | -3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | — | — |
Current DrawdownCurrent decline from peak | -6.33% | -8.66% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -6.76% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.99% | +0.44% |
Volatility
IS0M.DE vs. EUNA.DE - Volatility Comparison
iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) has a higher volatility of 1.99% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that IS0M.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
| IS0M.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.35% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 2.82% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 3.46% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 4.64% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 4.27% | +2.46% |
IS0M.DE vs. EUNA.DE - Expense Ratio Comparison
IS0M.DE has a 0.20% expense ratio, which is higher than EUNA.DE's 0.10% 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
IS0M.DE vs. EUNA.DE - Dividend Comparison
IS0M.DE's dividend yield for the trailing twelve months is around 2.83%, 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% |
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | 2.83% | 2.82% | 2.66% | 2.10% | 1.05% | 0.74% | 0.98% | 1.45% | 1.37% | 1.37% | 1.47% | 1.83% |
Frequently Asked Questions
IS0M.DE and EUNA.DE have a correlation of 0.78, 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 0.20% for IS0M.DE.
IS0M.DE is categorized as European Government Bonds, while EUNA.DE is Global Bonds. IS0M.DE tracks Bloomberg Italy Treasury Bond, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.20% for IS0M.DE and 0.10% for EUNA.DE.
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