UEEG.DE vs. 2B7S.DE
UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) and 2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) are both Government Bonds funds from iShares - UEEG.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged) while 2B7S.DE tracks the ICE US Treasury 1-3 Year (EUR Hedged) Index. Both are passively managed. Over the past 5 years, UEEG.DE returned -0.91%/yr vs 0.04%/yr for 2B7S.DE. A 0.58 correlation means they provide meaningful diversification when combined. UEEG.DE charges 0.18%/yr vs 0.10%/yr for 2B7S.DE.
Performance
UEEG.DE vs. 2B7S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEG.DE achieves a -0.63% return, which is significantly lower than 2B7S.DE's -0.20% return.
UEEG.DE
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- -0.42%
- YTD
- -0.63%
- 1Y
- 1.29%
- 3Y*
- 2.37%
- 5Y*
- -0.91%
- 10Y*
- —
2B7S.DE
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- -0.20%
- YTD
- -0.20%
- 1Y
- 1.20%
- 3Y*
- 2.48%
- 5Y*
- 0.04%
- 10Y*
- —
UEEG.DE vs. 2B7S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -0.63% | 4.64% | 0.67% | 2.27% | -9.47% | -1.22% |
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.20% | 3.04% | 2.49% | 1.90% | -5.78% | -1.18% |
Correlation
The correlation between UEEG.DE and 2B7S.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.58 |
Over the past year, the correlation between UEEG.DE and 2B7S.DE has dropped to 0.25 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
UEEG.DE vs. 2B7S.DE — Risk / Return Rank
UEEG.DE
2B7S.DE
UEEG.DE vs. 2B7S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) and iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.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.
| UEEG.DE | 2B7S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.11 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.22 | -0.66 |
| Martin ratioReturn relative to average drawdown | 1.38 | 3.01 | -1.63 |
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Drawdowns
UEEG.DE vs. 2B7S.DE - Drawdown Comparison
The maximum UEEG.DE drawdown since its inception was -13.77%, which is greater than 2B7S.DE's maximum drawdown of -7.68%. Use the drawdown chart below to compare losses from any high point for UEEG.DE and 2B7S.DE.
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Drawdown Indicators
| UEEG.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.77% | -7.68% | -6.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -0.98% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -1.03% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -7.50% | -5.40% |
Current DrawdownCurrent decline from peak | -5.99% | -0.59% | -5.40% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -3.25% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.40% | +0.54% |
Volatility
UEEG.DE vs. 2B7S.DE - Volatility Comparison
iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) has a higher volatility of 0.95% compared to iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) at 0.57%. This indicates that UEEG.DE's price experiences larger fluctuations and is considered to be riskier than 2B7S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEEG.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.57% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 1.99% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 2.50% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 2.51% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 2.45% | +1.58% |
UEEG.DE vs. 2B7S.DE - Expense Ratio Comparison
UEEG.DE has a 0.18% expense ratio, which is higher than 2B7S.DE's 0.10% 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
UEEG.DE vs. 2B7S.DE - Dividend Comparison
Neither UEEG.DE nor 2B7S.DE has paid dividends to shareholders.
Frequently Asked Questions
UEEG.DE and 2B7S.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for UEEG.DE.
UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged), while 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index. Their fees differ too: 0.18% for UEEG.DE and 0.10% for 2B7S.DE.
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