IS0P.DE vs. EUNH.DE
IS0P.DE (iShares Spain Government Bond UCITS ETF Dist) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds from iShares - IS0P.DE tracks the Bloomberg Spain Treasury Bond while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, IS0P.DE returned 0.26%/yr vs -0.65%/yr for EUNH.DE. Their correlation of 0.84 suggests significant overlap in exposure. IS0P.DE charges 0.20%/yr vs 0.07%/yr for EUNH.DE.
Performance
IS0P.DE vs. EUNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0P.DE achieves a -0.28% return, which is significantly higher than EUNH.DE's -1.51% return. Over the past 10 years, IS0P.DE has outperformed EUNH.DE with an annualized return of 0.26%, while EUNH.DE has yielded a comparatively lower -0.65% annualized return.
IS0P.DE
- 1D
- -0.01%
- 1M
- -0.70%
- 6M
- -0.53%
- YTD
- -0.28%
- 1Y
- 1.28%
- 3Y*
- 3.21%
- 5Y*
- -1.97%
- 10Y*
- 0.26%
EUNH.DE
- 1D
- -0.01%
- 1M
- -0.78%
- 6M
- -1.93%
- YTD
- -1.51%
- 1Y
- -0.71%
- 3Y*
- 1.97%
- 5Y*
- -2.82%
- 10Y*
- -0.65%
IS0P.DE vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | -0.28% | 1.84% | 2.83% | 6.58% | -17.73% | -3.10% | 3.98% | 8.51% | 2.38% | 0.56% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -1.51% | 0.80% | 1.52% | 6.83% | -18.31% | -3.38% | 4.72% | 6.76% | 0.86% | -0.13% |
Correlation
The correlation between IS0P.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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since May 8, 2012 | 0.84 |
The correlation between IS0P.DE and EUNH.DE shifts across timeframes, from 0.84 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS0P.DE vs. EUNH.DE — Risk / Return Rank
IS0P.DE
EUNH.DE
IS0P.DE vs. EUNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Spain Government Bond UCITS ETF Dist (IS0P.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.
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.
| IS0P.DE | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.98 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | -0.20 | +0.57 |
| Martin ratioReturn relative to average drawdown | 0.95 | -0.45 | +1.41 |
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Drawdowns
IS0P.DE vs. EUNH.DE - Drawdown Comparison
The maximum IS0P.DE drawdown since its inception was -21.93%, roughly equal to the maximum EUNH.DE drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for IS0P.DE and EUNH.DE.
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Drawdown Indicators
| IS0P.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.93% | -22.42% | +0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.59% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -4.10% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -21.53% | +0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -21.93% | -22.42% | +0.49% |
Current DrawdownCurrent decline from peak | -11.78% | -15.34% | +3.56% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -5.87% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.55% | -0.21% |
Volatility
IS0P.DE vs. EUNH.DE - Volatility Comparison
iShares Spain Government Bond UCITS ETF Dist (IS0P.DE) and iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) have volatilities of 1.16% and 1.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0P.DE | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.11% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 3.75% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 4.55% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 6.37% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 5.52% | -0.03% |
IS0P.DE vs. EUNH.DE - Expense Ratio Comparison
IS0P.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
IS0P.DE vs. EUNH.DE - Dividend Comparison
IS0P.DE's dividend yield for the trailing twelve months is around 2.51%, more than EUNH.DE's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 1.20% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | 2.51% | 2.38% | 1.96% | 1.22% | 0.63% | 0.46% | 0.45% | 0.75% | 1.08% | 1.29% | 1.38% | 1.67% |
Frequently Asked Questions
With a correlation of 0.91, IS0P.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 IS0P.DE.
IS0P.DE tracks Bloomberg Spain Treasury Bond, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. Their fees differ too: 0.20% for IS0P.DE and 0.07% for EUNH.DE.
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