XY4P.DE vs. EUNH.DE
XY4P.DE (Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - XY4P.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, XY4P.DE returned 0.56%/yr vs -0.32%/yr for EUNH.DE. Their correlation of 0.84 suggests significant overlap in exposure. XY4P.DE charges 0.15%/yr vs 0.07%/yr for EUNH.DE.
Performance
XY4P.DE vs. EUNH.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XY4P.DE achieves a -0.03% return, which is significantly higher than EUNH.DE's -0.06% return. Over the past 10 years, XY4P.DE has outperformed EUNH.DE with an annualized return of 0.56%, while EUNH.DE has yielded a comparatively lower -0.32% annualized return.
XY4P.DE
- 1D
- 0.06%
- 1M
- 0.56%
- YTD
- -0.03%
- 6M
- -0.02%
- 1Y
- 0.27%
- 3Y*
- 3.35%
- 5Y*
- -1.34%
- 10Y*
- 0.56%
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%
XY4P.DE vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | -0.03% | 1.69% | 3.52% | 8.01% | -17.35% | -2.95% | 5.93% | 9.55% | -0.61% | 0.53% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 4.72% | 6.76% | 0.85% | -0.13% |
Correlation
The correlation between XY4P.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 | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2010 | 0.84 |
The correlation between XY4P.DE and EUNH.DE shifts across timeframes, from 0.84 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
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
XY4P.DE vs. EUNH.DE — Risk / Return Rank
XY4P.DE
EUNH.DE
XY4P.DE vs. EUNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.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.
| XY4P.DE | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.03 | +0.10 |
| Martin ratioReturn relative to average drawdown | 0.19 | -0.08 | +0.27 |
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
| XY4P.DE | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | -0.02 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | -0.35 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | -0.06 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.25 | +0.14 |
Drawdowns
XY4P.DE vs. EUNH.DE - Drawdown Comparison
The maximum XY4P.DE drawdown since its inception was -20.52%, smaller than the maximum EUNH.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for XY4P.DE and EUNH.DE.
Loading charts...
Drawdown Indicators
| XY4P.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.52% | -22.43% | +1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -3.48% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -4.10% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -21.53% | +1.42% |
Max Drawdown (10Y)Largest decline over 10 years | -20.52% | -22.43% | +1.91% |
Current DrawdownCurrent decline from peak | -9.19% | -14.10% | +4.91% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -5.97% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.35% | +0.08% |
Volatility
XY4P.DE vs. EUNH.DE - Volatility Comparison
Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) and iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) have volatilities of 1.77% 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
| XY4P.DE | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.72% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 3.70% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.37% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 6.34% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 5.52% | +0.97% |
XY4P.DE vs. EUNH.DE - Expense Ratio Comparison
XY4P.DE has a 0.15% expense ratio, which is higher than EUNH.DE's 0.07% 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
XY4P.DE vs. EUNH.DE - Dividend Comparison
XY4P.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% |
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | 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, XY4P.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.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for XY4P.DE.
XY4P.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.15% for XY4P.DE and 0.07% for EUNH.DE.
Find the right allocation for XY4P.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