VGEA.DE vs. EUNH.DE
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds tracking the Bloomberg Euro Aggregate Treasury, from Vanguard and iShares respectively. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.24%/yr vs -2.27%/yr for EUNH.DE. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
VGEA.DE vs. EUNH.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 EUNH.DE's -0.06% 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*
- —
EUNH.DE
- 1D
- 0.04%
- 1M
- -0.08%
- YTD
- -0.06%
- 6M
- 0.09%
- 1Y
- 0.30%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
VGEA.DE vs. EUNH.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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 4.72% | 5.86% |
Correlation
The correlation between VGEA.DE and EUNH.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.91 |
The correlation between VGEA.DE and EUNH.DE has been stable across timeframes, ranging from 0.91 to 0.97 - 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. EUNH.DE — Risk / Return Rank
VGEA.DE
EUNH.DE
VGEA.DE vs. EUNH.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 Core Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.03 | +0.02 |
| Martin ratioReturn relative to average drawdown | -0.04 | -0.08 | +0.04 |
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 | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.02 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.35 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.25 | -0.35 |
Drawdowns
VGEA.DE vs. EUNH.DE - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.34%, roughly equal to the maximum EUNH.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and EUNH.DE.
Loading charts...
Drawdown Indicators
| VGEA.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -22.43% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -3.48% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -4.10% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -21.53% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.43% | — |
Current DrawdownCurrent decline from peak | -13.91% | -14.10% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -5.97% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.35% | -0.02% |
Volatility
VGEA.DE vs. EUNH.DE - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) and iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) have volatilities of 1.67% and 1.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VGEA.DE | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.72% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.70% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 4.37% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.34% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 5.52% | +0.34% |
VGEA.DE vs. EUNH.DE - Expense Ratio Comparison
Both VGEA.DE and EUNH.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VGEA.DE vs. EUNH.DE - Dividend Comparison
VGEA.DE has not paid dividends to shareholders, while EUNH.DE's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
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 0.96, VGEA.DE and EUNH.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.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE and EUNH.DE have the same expense ratio: 0.07% per year.
Both ETFs track Bloomberg Euro Aggregate Treasury. They also come from different issuers: Vanguard and iShares.
Find the right allocation for VGEA.DE and EUNH.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