VAGT.DE vs. EUNK.DE
VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) and EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both exchange-traded funds - VAGT.DE is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index, while EUNK.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 3 years, VAGT.DE returned 1.65%/yr vs 15.27%/yr for EUNK.DE. At a correlation of -0.10, they often move in opposite directions. VAGT.DE charges 0.05%/yr vs 0.12%/yr for EUNK.DE.
Performance
VAGT.DE vs. EUNK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGT.DE achieves a 4.01% return, which is significantly lower than EUNK.DE's 10.30% return.
VAGT.DE
- 1D
- 0.00%
- 1M
- 3.25%
- YTD
- 4.01%
- 6M
- 4.38%
- 1Y
- 5.87%
- 3Y*
- 1.65%
- 5Y*
- —
- 10Y*
- —
EUNK.DE
- 1D
- 0.78%
- 1M
- 2.37%
- YTD
- 10.30%
- 6M
- 11.02%
- 1Y
- 22.44%
- 3Y*
- 15.27%
- 5Y*
- 10.26%
- 10Y*
- 10.53%
VAGT.DE vs. EUNK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 4.01% | -5.48% | 6.40% | -0.47% |
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 10.30% | 20.34% | 8.22% | 6.93% |
Correlation
The correlation between VAGT.DE and EUNK.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | -0.10 |
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Return for Risk
VAGT.DE vs. EUNK.DE — Risk / Return Rank
VAGT.DE
EUNK.DE
VAGT.DE vs. EUNK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.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.
| VAGT.DE | EUNK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.35 | -0.87 |
| Martin ratioReturn relative to average drawdown | 3.82 | 8.95 | -5.12 |
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Drawdowns
VAGT.DE vs. EUNK.DE - Drawdown Comparison
The maximum VAGT.DE drawdown since its inception was -11.03%, smaller than the maximum EUNK.DE drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for VAGT.DE and EUNK.DE.
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Drawdown Indicators
| VAGT.DE | EUNK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -35.44% | +24.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -9.52% | +5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -11.03% | -16.58% | +5.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.44% | — |
Current DrawdownCurrent decline from peak | -4.51% | 0.00% | -4.51% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -5.29% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.50% | -0.95% |
Volatility
VAGT.DE vs. EUNK.DE - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) is 1.43%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) has a volatility of 2.79%. This indicates that VAGT.DE experiences smaller price fluctuations and is considered to be less risky than EUNK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGT.DE | EUNK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 2.79% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.89% | 10.73% | -6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 12.91% | -7.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.32% | 14.20% | -6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.32% | 15.22% | -7.90% |
VAGT.DE vs. EUNK.DE - Expense Ratio Comparison
VAGT.DE has a 0.05% expense ratio, which is lower than EUNK.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VAGT.DE vs. EUNK.DE - Dividend Comparison
Neither VAGT.DE nor EUNK.DE has paid dividends to shareholders.
Frequently Asked Questions
VAGT.DE and EUNK.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.12% for EUNK.DE.
VAGT.DE is categorized as Government Bonds, while EUNK.DE is Europe Equities. VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while EUNK.DE tracks MSCI Europe. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VAGT.DE and 0.12% for EUNK.DE.
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