XGVC.DE vs. EUNA.DE
XGVC.DE (Xtrackers II ESG Global Government Bond UCITS ETF) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both Global Bonds funds - XGVC.DE tracks the FTSE ESG Select World Government Bond Developed Markets while EUNA.DE tracks the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 3 years, XGVC.DE returned -0.19%/yr vs 2.28%/yr for EUNA.DE. A 0.75 correlation means they provide meaningful diversification when combined. XGVC.DE charges 0.20%/yr vs 0.10%/yr for EUNA.DE.
Performance
XGVC.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGVC.DE achieves a 0.30% return, which is significantly higher than EUNA.DE's -0.46% return.
XGVC.DE
- 1D
- 0.21%
- 1M
- 0.26%
- YTD
- 0.30%
- 6M
- -0.16%
- 1Y
- -1.01%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
EUNA.DE
- 1D
- 0.22%
- 1M
- -0.12%
- YTD
- -0.46%
- 6M
- -0.07%
- 1Y
- 1.32%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
XGVC.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XGVC.DE Xtrackers II ESG Global Government Bond UCITS ETF | 0.30% | -4.28% | 1.61% | 2.49% | -5.86% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -3.17% |
Correlation
The correlation between XGVC.DE and EUNA.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.75 |
The correlation between XGVC.DE and EUNA.DE has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.
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Return for Risk
XGVC.DE vs. EUNA.DE — Risk / Return Rank
XGVC.DE
EUNA.DE
XGVC.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.DE) and iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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.
| XGVC.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.06 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 0.43 | -0.93 |
| Martin ratioReturn relative to average drawdown | -0.95 | 1.18 | -2.13 |
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
| XGVC.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.34 | 0.34 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | -0.05 | -0.19 |
Drawdowns
XGVC.DE vs. EUNA.DE - Drawdown Comparison
The maximum XGVC.DE drawdown since its inception was -15.47%, smaller than the maximum EUNA.DE drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for XGVC.DE and EUNA.DE.
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Drawdown Indicators
| XGVC.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.47% | -17.79% | +2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.75% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -7.10% | -4.02% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.03% | — |
Current DrawdownCurrent decline from peak | -12.39% | -8.66% | -3.73% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -6.76% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.99% | +0.43% |
Volatility
XGVC.DE vs. EUNA.DE - Volatility Comparison
Xtrackers II ESG Global Government Bond UCITS ETF (XGVC.DE) has a higher volatility of 1.54% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that XGVC.DE's price experiences larger fluctuations and is considered to be riskier than EUNA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGVC.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.35% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 2.82% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.46% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 4.64% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 4.27% | +1.95% |
XGVC.DE vs. EUNA.DE - Expense Ratio Comparison
XGVC.DE has a 0.20% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XGVC.DE vs. EUNA.DE - Dividend Comparison
Neither XGVC.DE nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
XGVC.DE and EUNA.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for XGVC.DE.
XGVC.DE tracks FTSE ESG Select World Government Bond Developed Markets, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XGVC.DE and 0.10% for EUNA.DE.
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