UEEG.DE vs. EXHC.DE
UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) and EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) 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 EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index. Both are passively managed. Over the past 5 years, UEEG.DE returned -0.91%/yr vs -0.87%/yr for EXHC.DE. A 0.56 correlation means they provide meaningful diversification when combined. UEEG.DE charges 0.18%/yr vs 0.16%/yr for EXHC.DE.
Performance
UEEG.DE vs. EXHC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UEEG.DE achieves a -0.63% return, which is significantly lower than EXHC.DE's 0.37% 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*
- —
EXHC.DE
- 1D
- -0.17%
- 1M
- 0.67%
- 6M
- 0.42%
- YTD
- 0.37%
- 1Y
- 0.40%
- 3Y*
- 2.33%
- 5Y*
- -0.87%
- 10Y*
- -0.63%
UEEG.DE vs. EXHC.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% |
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 0.37% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.15% |
Correlation
The correlation between UEEG.DE and EXHC.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
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 Aug 19, 2020 | 0.56 |
Over the past year, the correlation between UEEG.DE and EXHC.DE has dropped to 0.36 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UEEG.DE vs. EXHC.DE — Risk / Return Rank
UEEG.DE
EXHC.DE
UEEG.DE vs. EXHC.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 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.
| UEEG.DE | EXHC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.03 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 0.19 | +0.37 |
| Martin ratioReturn relative to average drawdown | 1.38 | 0.46 | +0.92 |
Loading charts...
Drawdowns
UEEG.DE vs. EXHC.DE - Drawdown Comparison
The maximum UEEG.DE drawdown since its inception was -13.77%, roughly equal to the maximum EXHC.DE drawdown of -14.39%. Use the drawdown chart below to compare losses from any high point for UEEG.DE and EXHC.DE.
Loading charts...
Drawdown Indicators
| UEEG.DE | EXHC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.77% | -14.39% | +0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -2.06% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -2.33% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -12.55% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.39% | — |
Current DrawdownCurrent decline from peak | -5.99% | -6.78% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -2.90% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.87% | +0.07% |
Volatility
UEEG.DE vs. EXHC.DE - Volatility Comparison
iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) has a higher volatility of 0.95% compared to iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) at 0.52%. This indicates that UEEG.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.
Loading charts...
Volatility by Period
| UEEG.DE | EXHC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.52% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.06% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 2.39% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 3.59% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 2.76% | +1.27% |
UEEG.DE vs. EXHC.DE - Expense Ratio Comparison
UEEG.DE has a 0.18% expense ratio, which is higher than EXHC.DE's 0.16% 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. EXHC.DE - Dividend Comparison
UEEG.DE has not paid dividends to shareholders, while EXHC.DE's dividend yield for the trailing twelve months is around 1.40%.
| 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) | 1.40% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UEEG.DE and EXHC.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHC.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHC.DE is cheaper with a 0.16% 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 EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index. Their fees differ too: 0.18% for UEEG.DE and 0.16% for EXHC.DE.
Find the right allocation for UEEG.DE and EXHC.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer