SNAZ.DE vs. EUNA.DE
SNAZ.DE (iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - SNAZ.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan CEMBI Broad Diversified Core Index (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, SNAZ.DE returned -0.08%/yr vs -1.36%/yr for EUNA.DE. At a 0.49 correlation, their price movements are largely independent. SNAZ.DE charges 0.53%/yr vs 0.10%/yr for EUNA.DE.
Performance
SNAZ.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNAZ.DE achieves a 0.98% return, which is significantly higher than EUNA.DE's -0.40% return.
SNAZ.DE
- 1D
- 0.39%
- 1M
- 0.39%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 4.05%
- 3Y*
- 5.08%
- 5Y*
- -0.08%
- 10Y*
- —
EUNA.DE
- 1D
- -0.20%
- 1M
- 0.41%
- 6M
- 0.20%
- YTD
- -0.40%
- 1Y
- 0.82%
- 3Y*
- 2.34%
- 5Y*
- -1.36%
- 10Y*
- —
SNAZ.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNAZ.DE iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) | 0.98% | 6.26% | 4.36% | 5.28% | -14.17% | -1.55% | 5.52% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.40% | 2.91% | 1.48% | 4.41% | -13.52% | -2.42% | 0.19% |
Correlation
The correlation between SNAZ.DE and EUNA.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.49 |
The correlation between SNAZ.DE and EUNA.DE has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
SNAZ.DE vs. EUNA.DE — Risk / Return Rank
SNAZ.DE
EUNA.DE
SNAZ.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.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.
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.
| SNAZ.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.04 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.29 | +1.10 |
| Martin ratioReturn relative to average drawdown | 5.14 | 0.78 | +4.36 |
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Drawdowns
SNAZ.DE vs. EUNA.DE - Drawdown Comparison
The maximum SNAZ.DE drawdown since its inception was -21.88%, which is greater than EUNA.DE's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for SNAZ.DE and EUNA.DE.
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Drawdown Indicators
| SNAZ.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -17.81% | -4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.80% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -4.11% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -21.88% | -17.04% | -4.84% |
Current DrawdownCurrent decline from peak | -1.34% | -8.53% | +7.19% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -6.71% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.05% | -0.26% |
Volatility
SNAZ.DE vs. EUNA.DE - Volatility Comparison
iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc) (SNAZ.DE) has a higher volatility of 0.91% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 0.86%. This indicates that SNAZ.DE's price experiences larger fluctuations and is considered to be riskier 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
| SNAZ.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.86% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.83% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 3.73% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 4.84% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 4.44% | +3.21% |
SNAZ.DE vs. EUNA.DE - Expense Ratio Comparison
SNAZ.DE has a 0.53% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
SNAZ.DE vs. EUNA.DE - Dividend Comparison
Neither SNAZ.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
SNAZ.DE and EUNA.DE have a correlation of 0.51, 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 0.53% for SNAZ.DE.
SNAZ.DE is categorized as Emerging Markets Bonds, while EUNA.DE is Global Bonds. SNAZ.DE tracks J.P. Morgan CEMBI Broad Diversified Core Index (EUR Hedged), while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.53% for SNAZ.DE and 0.10% for EUNA.DE.
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