XZEG.DE vs. EUNA.DE
XZEG.DE (Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both Global Bonds funds - XZEG.DE tracks the FTSE ESG Select World Government Bond Developed Markets (EUR Hedged) while EUNA.DE tracks the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 3 years, XZEG.DE returned 0.67%/yr vs 2.28%/yr for EUNA.DE. Their correlation of 0.89 suggests significant overlap in exposure. XZEG.DE charges 0.25%/yr vs 0.10%/yr for EUNA.DE.
Performance
XZEG.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEG.DE achieves a -0.85% return, which is significantly lower than EUNA.DE's -0.46% return.
XZEG.DE
- 1D
- 0.00%
- 1M
- -0.15%
- YTD
- -0.85%
- 6M
- -0.89%
- 1Y
- -0.40%
- 3Y*
- 0.67%
- 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*
- —
XZEG.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | -0.85% | 0.96% | -1.08% | 3.63% | -17.03% | -1.50% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -0.59% |
Correlation
The correlation between XZEG.DE and EUNA.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.89 |
The correlation between XZEG.DE and EUNA.DE has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
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Return for Risk
XZEG.DE vs. EUNA.DE — Risk / Return Rank
XZEG.DE
EUNA.DE
XZEG.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 4D EUR Hedged (XZEG.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.
| XZEG.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.06 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.43 | -0.59 |
| Martin ratioReturn relative to average drawdown | -0.44 | 1.18 | -1.62 |
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
| XZEG.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 0.34 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.66 | -0.05 | -0.61 |
Drawdowns
XZEG.DE vs. EUNA.DE - Drawdown Comparison
The maximum XZEG.DE drawdown since its inception was -21.14%, which is greater than EUNA.DE's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for XZEG.DE and EUNA.DE.
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Drawdown Indicators
| XZEG.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -17.79% | -3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -2.75% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -4.32% | -4.02% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.03% | — |
Current DrawdownCurrent decline from peak | -16.14% | -8.66% | -7.48% |
Average DrawdownAverage peak-to-trough decline | -15.25% | -6.76% | -8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.99% | +0.35% |
Volatility
XZEG.DE vs. EUNA.DE - Volatility Comparison
Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged (XZEG.DE) has a higher volatility of 1.42% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that XZEG.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
| XZEG.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.35% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 2.82% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 3.46% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 4.64% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 4.27% | +1.52% |
XZEG.DE vs. EUNA.DE - Expense Ratio Comparison
XZEG.DE has a 0.25% 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
XZEG.DE vs. EUNA.DE - Dividend Comparison
XZEG.DE's dividend yield for the trailing twelve months is around 2.53%, while EUNA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XZEG.DE Xtrackers II ESG Global Government Bond UCITS ETF 4D EUR Hedged | 2.53% | 2.40% | 2.55% | 1.67% | 1.10% |
Frequently Asked Questions
XZEG.DE and EUNA.DE have a correlation of 0.87, 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 0.25% for XZEG.DE.
XZEG.DE tracks FTSE ESG Select World Government Bond Developed Markets (EUR Hedged), while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XZEG.DE and 0.10% for EUNA.DE.
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