SNA2.DE vs. EXHC.DE
SNA2.DE (iShares USD Treasury Bond UCITS ETF USD Dist) and EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) are both Government Bonds funds from iShares - SNA2.DE tracks the ICE US Treasury Core Bond while EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index. Both are passively managed. Over the past 5 years, SNA2.DE returned -0.01%/yr vs -1.04%/yr for EXHC.DE. At a 0.38 correlation, their price movements are largely independent. SNA2.DE charges 0.07%/yr vs 0.16%/yr for EXHC.DE.
Performance
SNA2.DE vs. EXHC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNA2.DE achieves a 2.85% return, which is significantly higher than EXHC.DE's -0.30% return.
SNA2.DE
- 1D
- 0.27%
- 1M
- 1.09%
- 6M
- 1.47%
- YTD
- 2.85%
- 1Y
- 4.94%
- 3Y*
- 2.28%
- 5Y*
- -0.01%
- 10Y*
- —
EXHC.DE
- 1D
- 0.02%
- 1M
- -0.51%
- 6M
- -0.56%
- YTD
- -0.30%
- 1Y
- -0.29%
- 3Y*
- 1.91%
- 5Y*
- -1.04%
- 10Y*
- -0.68%
SNA2.DE vs. EXHC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SNA2.DE iShares USD Treasury Bond UCITS ETF USD Dist | 2.85% | -5.58% | 6.59% | 0.19% | -6.84% | 5.89% | -2.05% | -3.52% |
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | -0.30% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -1.88% |
Correlation
The correlation between SNA2.DE and EXHC.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2019 | 0.38 |
Over the past year, the correlation between SNA2.DE and EXHC.DE has dropped to 0.12 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
SNA2.DE vs. EXHC.DE — Risk / Return Rank
SNA2.DE
EXHC.DE
SNA2.DE vs. EXHC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond UCITS ETF USD Dist (SNA2.DE) and iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.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.
| SNA2.DE | EXHC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.98 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | -0.14 | +1.38 |
| Martin ratioReturn relative to average drawdown | 3.32 | -0.32 | +3.63 |
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Drawdowns
SNA2.DE vs. EXHC.DE - Drawdown Comparison
The maximum SNA2.DE drawdown since its inception was -17.34%, which is greater than EXHC.DE's maximum drawdown of -14.39%. Use the drawdown chart below to compare losses from any high point for SNA2.DE and EXHC.DE.
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Drawdown Indicators
| SNA2.DE | EXHC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.34% | -14.39% | -2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -2.06% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -11.09% | -2.33% | -8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -12.92% | -12.55% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.39% | — |
Current DrawdownCurrent decline from peak | -11.32% | -7.40% | -3.92% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -2.91% | -7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.90% | +0.59% |
Volatility
SNA2.DE vs. EXHC.DE - Volatility Comparison
iShares USD Treasury Bond UCITS ETF USD Dist (SNA2.DE) has a higher volatility of 1.29% compared to iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) at 0.66%. This indicates that SNA2.DE's price experiences larger fluctuations and is considered to be riskier than EXHC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNA2.DE | EXHC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 0.66% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 2.11% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 2.43% | +3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.17% | 3.59% | +4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.07% | 2.77% | +5.30% |
SNA2.DE vs. EXHC.DE - Expense Ratio Comparison
SNA2.DE has a 0.07% expense ratio, which is lower than EXHC.DE's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SNA2.DE vs. EXHC.DE - Dividend Comparison
SNA2.DE's dividend yield for the trailing twelve months is around 4.02%, more than EXHC.DE's 1.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 1.41% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
SNA2.DE iShares USD Treasury Bond UCITS ETF USD Dist | 4.02% | 4.21% | 3.82% | 3.27% | 1.45% | 0.85% | 1.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNA2.DE and EXHC.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SNA2.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SNA2.DE is cheaper with a 0.07% expense ratio, compared with 0.16% for EXHC.DE.
SNA2.DE tracks ICE US Treasury Core Bond, while EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index. Their fees differ too: 0.07% for SNA2.DE and 0.16% for EXHC.DE.
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