UEEG.DE vs. EUN6.DE
UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) and EUN6.DE (iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist)) 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 EUN6.DE tracks the Bloomberg Euro Short Treasury (0-12 Month) Bond Index. Both are passively managed. Over the past 5 years, UEEG.DE returned -0.91%/yr vs 1.62%/yr for EUN6.DE. At a 0.17 correlation, their price movements are largely independent. UEEG.DE charges 0.18%/yr vs 0.07%/yr for EUN6.DE.
Performance
UEEG.DE vs. EUN6.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 EUN6.DE's 1.02% 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*
- —
EUN6.DE
- 1D
- -0.01%
- 1M
- 0.23%
- 6M
- 0.95%
- YTD
- 1.02%
- 1Y
- 1.89%
- 3Y*
- 2.83%
- 5Y*
- 1.62%
- 10Y*
- 0.49%
UEEG.DE vs. EUN6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -0.63% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 1.02% | 2.16% | 3.57% | 2.74% | -1.00% | -0.70% | -0.20% |
Correlation
The correlation between UEEG.DE and EUN6.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.17 |
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Return for Risk
UEEG.DE vs. EUN6.DE — Risk / Return Rank
UEEG.DE
EUN6.DE
UEEG.DE vs. EUN6.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 € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.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 | EUN6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -4.04 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.98 | -0.91 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 5.84 | -5.28 |
| Martin ratioReturn relative to average drawdown | 1.38 | 22.30 | -20.92 |
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Drawdowns
UEEG.DE vs. EUN6.DE - Drawdown Comparison
The maximum UEEG.DE drawdown since its inception was -13.77%, which is greater than EUN6.DE's maximum drawdown of -4.94%. Use the drawdown chart below to compare losses from any high point for UEEG.DE and EUN6.DE.
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Drawdown Indicators
| UEEG.DE | EUN6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.77% | -4.94% | -8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -0.32% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -0.77% | -2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -1.49% | -11.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.54% | — |
Current DrawdownCurrent decline from peak | -5.99% | -0.08% | -5.91% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -1.31% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.08% | +0.86% |
Volatility
UEEG.DE vs. EUN6.DE - Volatility Comparison
iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) has a higher volatility of 0.95% compared to iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) at 0.09%. This indicates that UEEG.DE's price experiences larger fluctuations and is considered to be riskier than EUN6.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 | EUN6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.09% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 0.57% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 0.64% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 0.67% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 0.63% | +3.40% |
UEEG.DE vs. EUN6.DE - Expense Ratio Comparison
UEEG.DE has a 0.18% expense ratio, which is higher than EUN6.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
UEEG.DE vs. EUN6.DE - Dividend Comparison
UEEG.DE has not paid dividends to shareholders, while EUN6.DE's dividend yield for the trailing twelve months is around 2.19%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 2.19% | 2.79% | 2.18% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UEEG.DE and EUN6.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN6.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN6.DE is cheaper with a 0.07% 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 EUN6.DE tracks Bloomberg Euro Short Treasury (0-12 Month) Bond Index. Their fees differ too: 0.18% for UEEG.DE and 0.07% for EUN6.DE.
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