KLMH.DE vs. EUNU.DE
KLMH.DE (Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc)) and EUNU.DE (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) are both Global Bonds funds - KLMH.DE tracks the Solactive Green Bond Index (EUR Hedged) while EUNU.DE tracks the Bloomberg Global Aggregate Bond. Both are passively managed. Over the past 5 years, KLMH.DE returned -2.43%/yr vs -0.92%/yr for EUNU.DE. At a 0.46 correlation, their price movements are largely independent. KLMH.DE charges 0.30%/yr vs 0.10%/yr for EUNU.DE.
Performance
KLMH.DE vs. EUNU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, KLMH.DE achieves a 0.95% return, which is significantly lower than EUNU.DE's 2.44% return.
KLMH.DE
- 1D
- -0.08%
- 1M
- 0.78%
- 6M
- 0.91%
- YTD
- 0.95%
- 1Y
- 1.19%
- 3Y*
- 3.09%
- 5Y*
- -2.43%
- 10Y*
- —
EUNU.DE
- 1D
- 0.00%
- 1M
- 1.32%
- 6M
- 2.44%
- YTD
- 2.44%
- 1Y
- 3.48%
- 3Y*
- 1.67%
- 5Y*
- -0.92%
- 10Y*
- —
KLMH.DE vs. EUNU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KLMH.DE Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) | 0.95% | 1.14% | 1.55% | 7.19% | -19.81% | -3.83% | 4.75% | 7.54% | -0.94% | -0.46% |
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 2.44% | -3.92% | 4.02% | 1.81% | -10.73% | 3.08% | -0.84% | 9.25% | 3.37% | -15.95% |
Correlation
The correlation between KLMH.DE and EUNU.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | 0.46 |
The correlation between KLMH.DE and EUNU.DE shifts across timeframes, from 0.30 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KLMH.DE vs. EUNU.DE — Risk / Return Rank
KLMH.DE
EUNU.DE
KLMH.DE vs. EUNU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.DE) and iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.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.
| KLMH.DE | EUNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.16 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 1.50 | -1.13 |
| Martin ratioReturn relative to average drawdown | 0.96 | 3.37 | -2.40 |
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Drawdowns
KLMH.DE vs. EUNU.DE - Drawdown Comparison
The maximum KLMH.DE drawdown since its inception was -24.67%, which is greater than EUNU.DE's maximum drawdown of -19.45%. Use the drawdown chart below to compare losses from any high point for KLMH.DE and EUNU.DE.
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Drawdown Indicators
| KLMH.DE | EUNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.67% | -19.45% | -5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -2.31% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -7.60% | +3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -23.60% | -14.70% | -8.90% |
Current DrawdownCurrent decline from peak | -14.52% | -10.66% | -3.86% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -10.29% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.03% | +0.20% |
Volatility
KLMH.DE vs. EUNU.DE - Volatility Comparison
The current volatility for Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) (KLMH.DE) is 1.11%, while iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.DE) has a volatility of 1.25%. This indicates that KLMH.DE experiences smaller price fluctuations and is considered to be less risky than EUNU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KLMH.DE | EUNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.25% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.04% | 3.01% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.98% | 4.24% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 6.12% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 7.66% | -2.20% |
KLMH.DE vs. EUNU.DE - Expense Ratio Comparison
KLMH.DE has a 0.30% expense ratio, which is higher than EUNU.DE's 0.10% expense ratio.
Dividends
KLMH.DE vs. EUNU.DE - Dividend Comparison
KLMH.DE has not paid dividends to shareholders, while EUNU.DE's dividend yield for the trailing twelve months is around 3.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 3.12% | 3.21% | 2.63% | 2.02% | 1.56% | 1.26% | 1.61% | 1.60% | 0.94% |
KLMH.DE Amundi Global Aggregate Green Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KLMH.DE and EUNU.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNU.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for KLMH.DE.
KLMH.DE tracks Solactive Green Bond Index (EUR Hedged), while EUNU.DE tracks Bloomberg Global Aggregate Bond. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for KLMH.DE and 0.10% for EUNU.DE.
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