VAGF.DE vs. EUNU.DE
VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and EUNU.DE (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) are both Global Bonds funds - VAGF.DE tracks the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged) while EUNU.DE tracks the Bloomberg Global Aggregate Bond. Both are passively managed. Over the past 5 years, VAGF.DE returned -1.66%/yr vs -0.25%/yr for EUNU.DE. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
VAGF.DE vs. EUNU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGF.DE achieves a -0.68% return, which is significantly lower than EUNU.DE's -0.39% return.
VAGF.DE
- 1D
- 0.09%
- 1M
- -0.28%
- YTD
- -0.68%
- 6M
- -0.37%
- 1Y
- 1.16%
- 3Y*
- 2.04%
- 5Y*
- -1.66%
- 10Y*
- —
EUNU.DE
- 1D
- 0.02%
- 1M
- 0.44%
- YTD
- -0.39%
- 6M
- -0.91%
- 1Y
- -0.79%
- 3Y*
- 1.03%
- 5Y*
- -0.25%
- 10Y*
- —
VAGF.DE vs. EUNU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.68% | 3.23% | 0.82% | 4.53% | -14.84% | -2.97% | 5.07% | 0.73% |
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | -0.39% | -4.02% | 5.70% | 4.05% | -10.69% | 4.64% | 0.21% | 2.05% |
Correlation
The correlation between VAGF.DE and EUNU.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.50 |
Over the past year, the correlation between VAGF.DE and EUNU.DE has dropped to 0.28 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
VAGF.DE vs. EUNU.DE — Risk / Return Rank
VAGF.DE
EUNU.DE
VAGF.DE vs. EUNU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) and iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.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.
| VAGF.DE | EUNU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.96 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.30 | +0.68 |
| Martin ratioReturn relative to average drawdown | 1.06 | -0.67 | +1.72 |
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
| VAGF.DE | EUNU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | -0.29 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | -0.04 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.23 | -0.40 |
Drawdowns
VAGF.DE vs. EUNU.DE - Drawdown Comparison
The maximum VAGF.DE drawdown since its inception was -19.57%, which is greater than EUNU.DE's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for VAGF.DE and EUNU.DE.
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Drawdown Indicators
| VAGF.DE | EUNU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.57% | -12.88% | -6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.82% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -8.28% | +3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -18.79% | -12.88% | -5.91% |
Current DrawdownCurrent decline from peak | -10.73% | -7.39% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -4.71% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.71% | -0.58% |
Volatility
VAGF.DE vs. EUNU.DE - Volatility Comparison
Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) has a higher volatility of 1.55% compared to iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.DE) at 0.95%. This indicates that VAGF.DE's price experiences larger fluctuations and is considered to be riskier than EUNU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGF.DE | EUNU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.95% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.92% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 3.99% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 6.06% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 5.76% | -1.05% |
VAGF.DE vs. EUNU.DE - Expense Ratio Comparison
Both VAGF.DE and EUNU.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VAGF.DE vs. EUNU.DE - Dividend Comparison
VAGF.DE has not paid dividends to shareholders, while EUNU.DE's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 1.53% | 3.21% | 4.10% | 4.25% | 1.55% | 2.78% | 2.49% | 2.47% | 2.10% |
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VAGF.DE and EUNU.DE have a correlation of 0.28, 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 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE and EUNU.DE have the same expense ratio: 0.10% per year.
VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while EUNU.DE tracks Bloomberg Global Aggregate Bond. They also come from different issuers: Vanguard and iShares.
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