SECA.DE vs. EUNH.DE
SECA.DE (iShares Euro Government Bond Climate UCITS ETF EUR Acc) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds from iShares - SECA.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, SECA.DE returned -2.22%/yr vs -2.27%/yr for EUNH.DE. With a 0.96 correlation, they move nearly in lockstep. SECA.DE charges 0.09%/yr vs 0.07%/yr for EUNH.DE.
Performance
SECA.DE vs. EUNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SECA.DE achieves a 0.13% return, which is significantly higher than EUNH.DE's -0.06% return.
SECA.DE
- 1D
- 0.06%
- 1M
- -0.06%
- YTD
- 0.13%
- 6M
- 0.13%
- 1Y
- 0.29%
- 3Y*
- 2.33%
- 5Y*
- -2.22%
- 10Y*
- —
EUNH.DE
- 1D
- 0.04%
- 1M
- -0.08%
- YTD
- -0.06%
- 6M
- 0.09%
- 1Y
- 0.30%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
SECA.DE vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SECA.DE iShares Euro Government Bond Climate UCITS ETF EUR Acc | 0.13% | 0.69% | 1.43% | 6.89% | -18.10% | -3.27% | 1.18% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 1.07% |
Correlation
The correlation between SECA.DE and EUNH.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.96 |
The correlation between SECA.DE and EUNH.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
SECA.DE vs. EUNH.DE — Risk / Return Rank
SECA.DE
EUNH.DE
SECA.DE vs. EUNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Climate UCITS ETF EUR Acc (SECA.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.
| SECA.DE | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.03 | +0.02 |
| Martin ratioReturn relative to average drawdown | -0.02 | -0.08 | +0.06 |
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
| SECA.DE | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | -0.02 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.35 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 0.25 | -0.63 |
Drawdowns
SECA.DE vs. EUNH.DE - Drawdown Comparison
The maximum SECA.DE drawdown since its inception was -22.52%, roughly equal to the maximum EUNH.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for SECA.DE and EUNH.DE.
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Drawdown Indicators
| SECA.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.52% | -22.43% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.48% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -4.10% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -21.53% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.43% | — |
Current DrawdownCurrent decline from peak | -14.23% | -14.10% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -13.15% | -5.97% | -7.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.35% | +0.02% |
Volatility
SECA.DE vs. EUNH.DE - Volatility Comparison
iShares Euro Government Bond Climate UCITS ETF EUR Acc (SECA.DE) and iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) have volatilities of 1.71% and 1.72%, 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
| SECA.DE | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.72% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 3.70% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 4.37% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 6.34% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.12% | 5.52% | +0.60% |
SECA.DE vs. EUNH.DE - Expense Ratio Comparison
SECA.DE has a 0.09% 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
SECA.DE vs. EUNH.DE - Dividend Comparison
SECA.DE has not paid dividends to shareholders, while EUNH.DE's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
SECA.DE iShares Euro Government Bond Climate UCITS ETF EUR 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% |
Frequently Asked Questions
With a correlation of 0.95, SECA.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 0.09% for SECA.DE.
SECA.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. Their fees differ too: 0.09% for SECA.DE and 0.07% for EUNH.DE.
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