SNA2.DE vs. IS04.DE
SNA2.DE (iShares USD Treasury Bond UCITS ETF USD Dist) and IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) are both Government Bonds funds from iShares - SNA2.DE tracks the ICE US Treasury Core Bond while IS04.DE tracks the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 5 years, SNA2.DE returned 0.24%/yr vs -5.21%/yr for IS04.DE. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
SNA2.DE vs. IS04.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SNA2.DE having a 0.82% return and IS04.DE slightly lower at 0.81%.
SNA2.DE
- 1D
- 0.08%
- 1M
- 0.91%
- YTD
- 0.82%
- 6M
- 0.08%
- 1Y
- 1.09%
- 3Y*
- -0.30%
- 5Y*
- 0.24%
- 10Y*
- —
IS04.DE
- 1D
- 0.41%
- 1M
- 0.97%
- YTD
- 0.81%
- 6M
- -0.32%
- 1Y
- 2.27%
- 3Y*
- -4.20%
- 5Y*
- -5.21%
- 10Y*
- -1.74%
SNA2.DE vs. IS04.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SNA2.DE iShares USD Treasury Bond UCITS ETF USD Dist | 0.82% | -5.92% | 6.08% | 0.13% | -6.90% | 5.64% | -2.06% | -3.72% |
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.81% | -6.95% | -2.51% | -1.21% | -26.01% | 3.49% | 6.49% | -8.51% |
Correlation
The correlation between SNA2.DE and IS04.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.79 |
The correlation between SNA2.DE and IS04.DE has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.
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Return for Risk
SNA2.DE vs. IS04.DE — Risk / Return Rank
SNA2.DE
IS04.DE
SNA2.DE vs. IS04.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 USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.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.
| SNA2.DE | IS04.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.29 | -0.01 |
| Martin ratioReturn relative to average drawdown | 0.65 | 0.62 | +0.03 |
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
| SNA2.DE | IS04.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 0.22 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | -0.34 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.09 | -0.03 |
Drawdowns
SNA2.DE vs. IS04.DE - Drawdown Comparison
The maximum SNA2.DE drawdown since its inception was -17.70%, smaller than the maximum IS04.DE drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for SNA2.DE and IS04.DE.
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Drawdown Indicators
| SNA2.DE | IS04.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.70% | -47.19% | +29.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -7.33% | +3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | -18.47% | +7.28% |
Max Drawdown (5Y)Largest decline over 5 years | -13.01% | -40.05% | +27.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.19% | — |
Current DrawdownCurrent decline from peak | -14.15% | -43.69% | +29.54% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -21.89% | +10.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 3.45% | -1.76% |
Volatility
SNA2.DE vs. IS04.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond UCITS ETF USD Dist (SNA2.DE) is 0.96%, while iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a volatility of 2.47%. This indicates that SNA2.DE experiences smaller price fluctuations and is considered to be less risky than IS04.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 | IS04.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 2.47% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.78% | 6.52% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 9.70% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 15.21% | -7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.95% | 14.69% | -6.74% |
SNA2.DE vs. IS04.DE - Expense Ratio Comparison
Both SNA2.DE and IS04.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SNA2.DE vs. IS04.DE - Dividend Comparison
SNA2.DE's dividend yield for the trailing twelve months is around 3.50%, less than IS04.DE's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.35% | 4.38% | 4.62% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.79% | 2.72% | 2.56% | 2.14% |
SNA2.DE iShares USD Treasury Bond UCITS ETF USD Dist | 3.50% | 3.74% | 3.48% | 3.07% | 1.40% | 0.72% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNA2.DE and IS04.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SNA2.DE and IS04.DE have the same expense ratio: 0.07% per year.
SNA2.DE tracks ICE US Treasury Core Bond, while IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index.
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