XBAE.DE vs. EUN3.DE
XBAE.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged) and EUN3.DE (iShares Global Government Bond UCITS ETF USD (Dist)) are both Global Bonds funds - XBAE.DE tracks the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged) while EUN3.DE tracks the FTSE G7 Government Bond. Both are passively managed. Over the past 10 years, XBAE.DE returned -0.46%/yr vs -1.20%/yr for EUN3.DE. At a 0.47 correlation, their price movements are largely independent. XBAE.DE charges 0.10%/yr vs 0.20%/yr for EUN3.DE.
Performance
XBAE.DE vs. EUN3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAE.DE achieves a -0.55% return, which is significantly higher than EUN3.DE's -1.67% return. Over the past 10 years, XBAE.DE has outperformed EUN3.DE with an annualized return of -0.46%, while EUN3.DE has yielded a comparatively lower -1.20% annualized return.
XBAE.DE
- 1D
- 0.05%
- 1M
- -0.24%
- YTD
- -0.55%
- 6M
- -0.54%
- 1Y
- 1.07%
- 3Y*
- 1.72%
- 5Y*
- -1.74%
- 10Y*
- -0.46%
EUN3.DE
- 1D
- 0.03%
- 1M
- 0.35%
- YTD
- -1.67%
- 6M
- -2.34%
- 1Y
- -2.97%
- 3Y*
- -1.80%
- 5Y*
- -2.76%
- 10Y*
- -1.20%
XBAE.DE vs. EUN3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | -0.55% | 2.65% | 0.52% | 4.36% | -14.60% | -2.16% | 3.70% | 5.33% | -1.57% | 0.56% |
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | -1.67% | -5.37% | 2.25% | 0.44% | -12.65% | 1.09% | -0.23% | 8.23% | 4.02% | -6.88% |
Correlation
The correlation between XBAE.DE and EUN3.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2014 | 0.47 |
The correlation between XBAE.DE and EUN3.DE shifts across timeframes, from 0.47 (all time) to 0.59 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBAE.DE vs. EUN3.DE — Risk / Return Rank
XBAE.DE
EUN3.DE
XBAE.DE vs. EUN3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) and iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.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.
| XBAE.DE | EUN3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.88 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.70 | +1.00 |
| Martin ratioReturn relative to average drawdown | 0.83 | -1.37 | +2.20 |
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
| XBAE.DE | EUN3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | -0.74 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.40 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | -0.19 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.17 | -0.09 |
Drawdowns
XBAE.DE vs. EUN3.DE - Drawdown Comparison
The maximum XBAE.DE drawdown since its inception was -19.04%, smaller than the maximum EUN3.DE drawdown of -22.74%. Use the drawdown chart below to compare losses from any high point for XBAE.DE and EUN3.DE.
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Drawdown Indicators
| XBAE.DE | EUN3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.04% | -22.74% | +3.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -4.71% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -10.14% | +5.56% |
Max Drawdown (5Y)Largest decline over 5 years | -18.29% | -18.98% | +0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -19.04% | -22.74% | +3.70% |
Current DrawdownCurrent decline from peak | -10.88% | -21.83% | +10.95% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -9.52% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 2.42% | -1.31% |
Volatility
XBAE.DE vs. EUN3.DE - Volatility Comparison
Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged (XBAE.DE) has a higher volatility of 1.32% compared to iShares Global Government Bond UCITS ETF USD (Dist) (EUN3.DE) at 1.12%. This indicates that XBAE.DE's price experiences larger fluctuations and is considered to be riskier than EUN3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAE.DE | EUN3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.12% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 3.34% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 4.44% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 6.83% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 6.23% | -1.60% |
XBAE.DE vs. EUN3.DE - Expense Ratio Comparison
XBAE.DE has a 0.10% expense ratio, which is lower than EUN3.DE's 0.20% 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
XBAE.DE vs. EUN3.DE - Dividend Comparison
XBAE.DE has not paid dividends to shareholders, while EUN3.DE's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN3.DE iShares Global Government Bond UCITS ETF USD (Dist) | 1.50% | 3.09% | 2.40% | 1.47% | 0.79% | 0.60% | 1.08% | 1.20% | 1.04% | 1.01% | 1.04% | 0.59% |
XBAE.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 5C EUR hedged | 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
XBAE.DE and EUN3.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAE.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for EUN3.DE.
XBAE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral (EUR Hedged), while EUN3.DE tracks FTSE G7 Government Bond. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.10% for XBAE.DE and 0.20% for EUN3.DE.
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