VGEA.DE vs. EUN9.DE
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and EUN9.DE (iShares Euro Government Bond 5-7yr UCITS ETF) are both European Government Bonds funds - VGEA.DE tracks the Bloomberg Euro Aggregate Treasury while EUN9.DE tracks the Bloomberg Euro Government Bond 5-7. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.24%/yr vs -1.15%/yr for EUN9.DE. Their correlation of 0.92 suggests significant overlap in exposure. VGEA.DE charges 0.07%/yr vs 0.15%/yr for EUN9.DE.
Performance
VGEA.DE vs. EUN9.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VGEA.DE achieves a 0.11% return, which is significantly higher than EUN9.DE's -0.02% return.
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
EUN9.DE
- 1D
- 0.08%
- 1M
- -0.03%
- YTD
- -0.02%
- 6M
- -0.02%
- 1Y
- 0.85%
- 3Y*
- 2.94%
- 5Y*
- -1.15%
- 10Y*
- 0.08%
VGEA.DE vs. EUN9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | -0.02% | 2.45% | 1.87% | 6.90% | -14.78% | -1.90% | 2.71% | 3.61% |
Correlation
The correlation between VGEA.DE and EUN9.DE is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.92 |
The correlation between VGEA.DE and EUN9.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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
VGEA.DE vs. EUN9.DE — Risk / Return Rank
VGEA.DE
EUN9.DE
VGEA.DE vs. EUN9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) and iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.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.
| VGEA.DE | EUN9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.02 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.12 | -0.13 |
| Martin ratioReturn relative to average drawdown | -0.04 | 0.33 | -0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VGEA.DE | EUN9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.10 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.21 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.34 | -0.44 |
Drawdowns
VGEA.DE vs. EUN9.DE - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.34%, which is greater than EUN9.DE's maximum drawdown of -17.43%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and EUN9.DE.
Loading charts...
Drawdown Indicators
| VGEA.DE | EUN9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -17.43% | -4.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -3.42% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -3.42% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -17.35% | -4.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.43% | — |
Current DrawdownCurrent decline from peak | -13.91% | -7.00% | -6.91% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -3.80% | -6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.23% | +0.10% |
Volatility
VGEA.DE vs. EUN9.DE - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a higher volatility of 1.67% compared to iShares Euro Government Bond 5-7yr UCITS ETF (EUN9.DE) at 1.57%. This indicates that VGEA.DE's price experiences larger fluctuations and is considered to be riskier than EUN9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VGEA.DE | EUN9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.57% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.45% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 3.96% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 5.41% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 4.32% | +1.54% |
VGEA.DE vs. EUN9.DE - Expense Ratio Comparison
VGEA.DE has a 0.07% expense ratio, which is lower than EUN9.DE's 0.15% 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
VGEA.DE vs. EUN9.DE - Dividend Comparison
VGEA.DE has not paid dividends to shareholders, while EUN9.DE's dividend yield for the trailing twelve months is around 2.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN9.DE iShares Euro Government Bond 5-7yr UCITS ETF | 2.66% | 2.66% | 2.53% | 0.86% | 0.00% | 0.00% | 0.14% | 0.49% | 0.35% | 0.23% | 0.53% | 0.36% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 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
With a correlation of 0.95, VGEA.DE and EUN9.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for EUN9.DE.
VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while EUN9.DE tracks Bloomberg Euro Government Bond 5-7. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VGEA.DE and 0.15% for EUN9.DE.
Find the right allocation for VGEA.DE and EUN9.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