SEAB.DE vs. EUNA.DE
SEAB.DE (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - SEAB.DE is a Emerging Markets Bonds fund tracking the JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (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, SEAB.DE returned 0.91%/yr vs -1.29%/yr for EUNA.DE. At a 0.37 correlation, their price movements are largely independent. SEAB.DE charges 0.38%/yr vs 0.10%/yr for EUNA.DE.
Performance
SEAB.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SEAB.DE achieves a 1.46% return, which is significantly higher than EUNA.DE's -0.46% return.
SEAB.DE
- 1D
- 0.01%
- 1M
- 0.33%
- YTD
- 1.46%
- 6M
- 1.85%
- 1Y
- 6.04%
- 3Y*
- 6.47%
- 5Y*
- 0.91%
- 10Y*
- —
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
SEAB.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SEAB.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc | 1.46% | 7.70% | 5.52% | 5.69% | -12.28% | -0.75% | 1.22% | 4.80% | -2.51% |
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% | 0.12% |
Correlation
The correlation between SEAB.DE and EUNA.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2018 | 0.37 |
Over the past year, SEAB.DE and EUNA.DE have become more correlated (0.59) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
SEAB.DE vs. EUNA.DE — Risk / Return Rank
SEAB.DE
EUNA.DE
SEAB.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc (SEAB.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.
| SEAB.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.06 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 0.43 | +2.46 |
| Martin ratioReturn relative to average drawdown | 12.50 | 1.18 | +11.32 |
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
| SEAB.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 0.34 | +1.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | -0.28 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.05 | +0.27 |
Drawdowns
SEAB.DE vs. EUNA.DE - Drawdown Comparison
The maximum SEAB.DE drawdown since its inception was -18.05%, roughly equal to the maximum EUNA.DE drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for SEAB.DE and EUNA.DE.
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Drawdown Indicators
| SEAB.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.05% | -17.79% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -2.75% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -4.02% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -17.03% | -1.02% |
Current DrawdownCurrent decline from peak | -0.11% | -8.66% | +8.55% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -6.76% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.99% | -0.51% |
Volatility
SEAB.DE vs. EUNA.DE - Volatility Comparison
The current volatility for UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc (SEAB.DE) is 0.79%, while iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) has a volatility of 1.35%. This indicates that SEAB.DE experiences smaller price fluctuations and is considered to be less risky 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
| SEAB.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.35% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.19% | 2.82% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.64% | 3.46% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.44% | 4.64% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 4.27% | +0.86% |
SEAB.DE vs. EUNA.DE - Expense Ratio Comparison
SEAB.DE has a 0.38% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
SEAB.DE vs. EUNA.DE - Dividend Comparison
Neither SEAB.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
SEAB.DE and EUNA.DE have a correlation of 0.59, 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 0.38% for SEAB.DE.
SEAB.DE is categorized as Emerging Markets Bonds, while EUNA.DE is Global Bonds. SEAB.DE tracks JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged), while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). They also come from different issuers: UBS and iShares. Their fees differ too: 0.38% for SEAB.DE and 0.10% for EUNA.DE.
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