IS31.DE vs. EUNA.DE
IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IS31.DE is a S&P 500 fund tracking the S&P 500 Minimum Volatility Index (EUR Hedged), 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, IS31.DE returned 5.98%/yr vs -1.36%/yr for EUNA.DE. At a 0.12 correlation, their price movements are largely independent. IS31.DE charges 0.25%/yr vs 0.10%/yr for EUNA.DE.
Performance
IS31.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS31.DE achieves a 3.24% return, which is significantly higher than EUNA.DE's -0.40% return.
IS31.DE
- 1D
- 0.09%
- 1M
- 0.37%
- 6M
- 4.54%
- YTD
- 3.24%
- 1Y
- 7.12%
- 3Y*
- 10.62%
- 5Y*
- 5.98%
- 10Y*
- —
EUNA.DE
- 1D
- -0.20%
- 1M
- 0.41%
- 6M
- 0.20%
- YTD
- -0.40%
- 1Y
- 0.82%
- 3Y*
- 2.34%
- 5Y*
- -1.36%
- 10Y*
- —
IS31.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 3.24% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -8.01% | 6.15% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.40% | 2.91% | 1.48% | 4.41% | -13.52% | -2.42% | 3.86% | 5.07% | -1.20% | -0.20% |
Correlation
The correlation between IS31.DE and EUNA.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | 0.12 |
Over the past year, IS31.DE and EUNA.DE have become more correlated (0.36) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
IS31.DE vs. EUNA.DE — Risk / Return Rank
IS31.DE
EUNA.DE
IS31.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.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.
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.
| IS31.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.04 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.29 | +0.78 |
| Martin ratioReturn relative to average drawdown | 4.05 | 0.78 | +3.27 |
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Drawdowns
IS31.DE vs. EUNA.DE - Drawdown Comparison
The maximum IS31.DE drawdown since its inception was -33.66%, which is greater than EUNA.DE's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for IS31.DE and EUNA.DE.
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Drawdown Indicators
| IS31.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -17.81% | -15.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -2.80% | -3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -4.11% | -8.45% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | -17.04% | -3.71% |
Current DrawdownCurrent decline from peak | 0.00% | -8.53% | +8.53% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -6.71% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.05% | +0.70% |
Volatility
IS31.DE vs. EUNA.DE - Volatility Comparison
iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) has a higher volatility of 2.94% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 0.86%. This indicates that IS31.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
| IS31.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 0.86% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 2.83% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 3.73% | +5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 4.84% | +7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 4.44% | +9.94% |
IS31.DE vs. EUNA.DE - Expense Ratio Comparison
IS31.DE has a 0.25% 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
IS31.DE vs. EUNA.DE - Dividend Comparison
Neither IS31.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
IS31.DE and EUNA.DE have a correlation of 0.36, 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 0.25% for IS31.DE.
IS31.DE is categorized as S&P 500, while EUNA.DE is Global Bonds. IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged), while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.25% for IS31.DE and 0.10% for EUNA.DE.
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