iShares Euro Government Bond 0-1yr (EUN6.DE): Historical Returns

Category: Fixed Income
Period: July 1980 - August 2024 (~44 years)
Consolidated Returns as of 31 August 2024
Currency: EUR
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1.00€
Initial Capital
September 1994
1.58€
Final Capital
August 2024
1.53%
Yearly Return
1.12
Std Deviation
-5.00%
Max Drawdown
52 months
Recovery Period
1.00€
Initial Capital
July 1980
3.91€
Final Capital
August 2024
3.13%
Yearly Return
2.27
Std Deviation
-7.27%
Max Drawdown
14 months
Recovery Period

The iShares Euro Government Bond 0-1yr (EUN6.DE) ETF covers to the following investment themes:

  • Asset Class: Bond
  • Region: Eurozone
  • Country: Broad Eurozone
  • Bond - Duration: Ultra Short-Term

As of August 2024, in the previous 30 Years, the iShares Euro Government Bond 0-1yr (EUN6.DE) ETF obtained a 1.53% compound annual return, with a 1.12% standard deviation. It suffered a maximum drawdown of -5.00% that required 52 months to be recovered.

Table of contents
Disclaimer: The simulations on this website are provided in good faith but should NOT be taken as investment advice. We are not liable for any errors or actions based on this information. The authors of the website are not affiliated with the ETFs/Assets issuers. Content is for informational, educational, illustrative and entertainment purposes only.
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The iShares Euro Government Bond 0-1yr (EUN6.DE) ETF is part of the following Lazy Portfolios:

Portfolio Name Author EUN6.DE Weight▾ Currency
Conservative Permanent Francesco Casarella 25.00% EUR
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Investment Returns as of Aug 31, 2024

The iShares Euro Government Bond 0-1yr (EUN6.DE) ETF guaranteed the following returns.

Returns are calculated in EUR, assuming:
  • no fees or capital gain taxes.
  • dividend reinvestment, when applicable.
  • the actual Euro Inflation rates.
ISHARES EURO GOVERNMENT BOND 0-1YR (EUN6.DE) ETF
Time Period: 1 July 1980 - 31 August 2024 (~44 years)
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Aug 31, 2024
  1 Day Time ET(*) Sep 2024 YTD
(8M) 		1M 6M 1Y 5Y 10Y 30Y MAX
(~44Y)
iShares Euro Government Bond 0-1yr (EUN6.DE) ETF n.a. n.a. 2.46 0.37 1.96 3.61 0.51 0.02 1.53 3.13
Euro Inflation Adjusted return 0.43 0.37 0.21 1.55 -3.16 -2.32 -0.51 0.79
Returns over 1 year are annualized
(*) Eastern Time (ET - America/New York)
Euro Inflation is updated to Jul 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Inflation (annualized) is 1Y: 2.03% , 5Y: 3.79% , 10Y: 2.40% , 30Y: 2.05%
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Capital Growth as of Aug 31, 2024

An investment of 1€, from September 1994 to August 2024, would be worth 1.58€, with a total return of 57.85% (1.53% annualized).

The Inflation Adjusted Capital would be 0.86€, with a net total return of -14.21% (-0.51% annualized).

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An investment of 1€, from July 1980 to August 2024, would be worth 3.91€, with a total return of 290.84% (3.13% annualized).

The Inflation Adjusted Capital would be 1.42€, with a net total return of 41.67% (0.79% annualized).

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Investment Metrics as of Aug 31, 2024

Metrics of iShares Euro Government Bond 0-1yr (EUN6.DE) ETF, updated as of 31 August 2024, provide a comprehensive overview of the portfolio's performance and risk characteristics.

These metrics include detailed data on returns, volatility, drawdowns and other key performance indicators. By examining them, you can gain insights into how the portfolio has performed over various time periods and understand its risk profile.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • dividend reinvestment, when applicable.
  • the actual Euro Inflation rates.
ISHARES EURO GOVERNMENT BOND 0-1YR (EUN6.DE) ETF
Advanced Metrics
Time Period: 1 July 1980 - 31 August 2024 (~44 years)
Swipe left to see all data
Metrics as of Aug 31, 2024
YTD
(8M) 		1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~44Y)
Investment Return (%)
2.46 0.37 1.01 1.96 3.61 1.30 0.51 0.02 0.43 1.53 3.13
Growth of 1€ 1.02 1.00 1.01 1.02 1.04 1.04 1.03 1.00 1.09 1.58 3.91
Infl. Adjusted Return (%)
0.43 0.37 0.83 0.21 1.55 -3.91 -3.16 -2.32 -1.65 -0.51 0.79
Euro Inflation (%) 2.02 0.00 0.18 1.74 2.03 5.43 3.79 2.40 2.11 2.05 2.32
Pending updates, the monthly inflation of Aug 2024 and beyond is set at 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
 Current 1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) 0.00 0.00 -1.28 -2.60 -4.84 -5.00 -5.00 -7.27
Start to Recovery (# months)
23 52 113 52 52 14
Start (yyyy mm) - 2021 09 2019 09 2015 04 2007 11 2007 11 1982 11
Start to Bottom (# months) - 13 37 90 17 17 2
Bottom (yyyy mm) - 2022 09 2022 09 2022 09 2009 03 2009 03 1982 12
Bottom to End (# months) - 10 15 23 35 35 12
End (yyyy mm) - 2023 07 2023 12 2024 08 2012 02 2012 02 1983 12
Longest Drawdown Depth (%)
same
same
same
same		 -4.84 -4.84 -4.84
Start to Recovery (# months)
113 113 113
Start (yyyy mm) - 2021 09 2019 09 2015 04 2015 04 2015 04 2015 04
Start to Bottom (# months) - 13 37 90 90 90 90
Bottom (yyyy mm) - 2022 09 2022 09 2022 09 2022 09 2022 09 2022 09
Bottom to End (# months) - 10 15 23 23 23 23
End (yyyy mm) - 2023 07 2023 12 2024 08 2024 08 2024 08 2024 08
Longest negative period (# months)
0 0 0 119 200 200 200
Start (yyyy mm) - - - 2014 09 2006 11 2006 11 2006 11
End (yyyy mm) - - - 2024 07 2023 06 2023 06 2023 06
Annualized Return (%) --- --- --- -0.01 -0.01 -0.01 -0.01
Deepest Drawdown Depth (%) -29.07 -1.15 -12.79 -16.57 -23.38 -30.27 -30.27 -30.27
Start to Recovery (# months)
211* 7* 36* 55* 115* 211* 211* 211*
Start (yyyy mm) 2024 02 2021 09 2020 02 2015 02 2007 02 2007 02 2007 02
Start to Bottom (# months) 3 20 39 99 195 195 195
Bottom (yyyy mm) 2024 04 2023 04 2023 04 2023 04 2023 04 2023 04 2023 04
Bottom to End (# months) 4 16 16 16 16 16 16
End (yyyy mm) - - - - - - -
Longest Drawdown Depth (%)
same
same
same
same
same
same
same
Start to Recovery (# months)
Start (yyyy mm) 2024 02 2021 09 2020 02 2015 02 2007 02 2007 02 2007 02
Start to Bottom (# months) 3 20 39 99 195 195 195
Bottom (yyyy mm) 2024 04 2023 04 2023 04 2023 04 2023 04 2023 04 2023 04
Bottom to End (# months) 4 16 16 16 16 16 16
End (yyyy mm) - - - - - - -
Longest negative period (# months)
7 0 60* 120* 240* 360* 421*
Start (yyyy mm) 2023 12 - 2019 09 2014 09 2004 09 1994 09 1989 08
End (yyyy mm) 2024 06 - 2024 08 2024 08 2024 08 2024 08 2024 08
Annualized Return (%) -0.31 --- -3.16 -2.32 -1.65 -0.51 -0.02
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 0.18 0.64 0.58 0.44 0.76 1.12 2.27
Sharpe Ratio -9.36 -3.07 -2.81 -3.19 -1.34 -0.68 -0.34
Sortino Ratio -11.53 -4.23 -4.71 -6.20 -1.75 -1.05 -0.48
Ulcer Index 0.00 0.60 1.34 2.53 2.08 1.71 1.61
Ratio: Return / Standard Deviation 19.68 2.03 0.88 0.06 0.57 1.37 1.38
Ratio: Return / Deepest Drawdown --- 1.02 0.20 0.01 0.09 0.31 0.43
Positive Months (%)
100.00 63.88 41.66 30.83 52.50 66.11 71.69
Positive Months 12 23 25 37 126 238 380
Negative Months 0 13 35 83 114 122 150
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 0.02 0.84 4.10 6.81
Worst 10 Years Return (%) - Annualized -0.45 -0.45 -0.45
Best 10 Years Return (%) - Annualized -2.32 -0.88 2.17 4.26
Worst 10 Years Return (%) - Annualized -2.48 -2.48 -2.48
TIMEFRAMES
Inflation Adjusted:
Inflation Adjusted:
 1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
··· As of Aug 2024 - Over the previous 30Y
Best Rolling Return (%) - Annualized 12.43 7.20 5.48 4.10 2.40 1.53
Worst Rolling Return (%) - Annualized -4.12 -0.84 -0.75 -0.45 0.33
Positive Periods (%) 68.7 62.7 74.0 78.8 100.0 100.0
Best Rolling Return (%) - Annualized 9.77 5.40 3.82 2.17 0.57 -0.51
Worst Rolling Return (%) - Annualized -10.63 -5.56 -4.03 -2.48 -1.75
Positive Periods (%) 39.8 32.3 32.8 20.7 20.6 0.0
95% VaR - Value at Risk (%) - Cumulative
0.41 0.54 0.54 0.99 1.95 3.27 3.57 0.00
95% CVaR - Conditional Value at Risk (%) 0.54 0.77 0.87 2.72 2.21 3.48 4.23 0.00
99% VaR - Value at Risk (%) - Cumulative
0.63 0.92 1.08 3.91 2.39 3.62 4.57 0.00
99% CVaR - Conditional Value at Risk (%) 0.77 1.17 1.43 4.04 2.53 3.78 4.63 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 94.22 30.02 18.21 9.06 4.41 3.59
Perpetual Withdrawal Rate (%) --- --- --- --- --- ---
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
··· All available data (Jul 1980 - Aug 2024)
Best Rolling Return (%) - Annualized 14.42 8.52 7.89 6.81 5.98 4.52
Worst Rolling Return (%) - Annualized -4.12 -0.84 -0.75 -0.45 0.33 1.48
Positive Periods (%) 77.6 75.5 83.4 87.5 100.0 100.0
Best Rolling Return (%) - Annualized 10.21 6.25 5.18 4.26 3.37 2.07
Worst Rolling Return (%) - Annualized -10.63 -5.56 -4.03 -2.48 -1.75 -0.57
Positive Periods (%) 55.1 55.5 57.1 53.5 67.0 81.2
95% VaR - Value at Risk (%) - Cumulative
0.82 1.09 1.08 0.80 1.89 3.12 2.67 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 1.09 1.56 1.74 2.18 2.11 3.37 3.77 0.00 0.00
99% VaR - Value at Risk (%) - Cumulative
1.26 1.86 2.17 3.80 2.35 3.57 4.41 0.00 0.00
99% CVaR - Conditional Value at Risk (%) 1.55 2.35 2.87 3.97 2.45 3.69 4.55 0.00 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 94.22 30.02 18.21 9.06 4.41 3.57
Perpetual Withdrawal Rate (%) --- --- --- --- --- ---
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Value at Risk (VaR): it's an evaluation of a cumulative worst-case loss (in absolute value), associated with a probability (95%-99%) and a time horizon. For short term, it's calculated based on the expected return and standard deviation, assuming a normal distribution of monthly returns. For long term is retrieved by the historical rolling return data.
  • Conditional Value at Risk (CVaR): it represents the average expected loss if that worst-case threshold (95%-99%) is ever crossed.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.
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Correlations as of Aug 31, 2024

Correlation measures to what degree the returns of two assets move in relation to each other. It is a statistical measure that describes the extent to which the returns of one asset are related to the returns of another asset.

The following table shows the monthly correlations of iShares Euro Government Bond 0-1yr (EUN6.DE) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES EURO GOVERNMENT BOND 0-1YR (EUN6.DE) ETF
Monthly correlations as of 31 August 2024
Swipe left to see all data
Correlation vs EUN6.DE
Asset Class 1 Year 5 Years 10 Years 30 Years
SXR8.DE
 US Large Cap Blend -0.04 0.16 0.12 0.25
ZPRR.DE
 US Small Cap Blend 0.13 0.08 0.07 0.22
IQQ7.DE
 US REITs 0.40 0.13 0.09 0.26
NQSE.DE
 US Technology 0.15 0.24 0.16 0.15
EUNL.DE
 Developed Countries 0.00 0.18 0.14 0.28
SXRT.DE
 Euro Large Cap Blend 0.15 0.18 0.15 0.24
IUSQ.DE
 World All Countries -0.02 0.18 0.14 0.26
IS3N.DE
 Emerging Markets -0.19 0.18 0.11 0.24
CEBW.DE
 US Total Bond Market EUR Hdg 0.60 0.34 0.24 0.14
IUSV.DE
 US Long Term Treasuries EUR Hdg 0.56 0.21 0.09 0.02
PR1H.DE
 US Ultrashort Gov.Bonds EUR Hdg 0.43 0.89 0.87 0.43
UEEF.DE
 US High Yield Bonds EUR Hdg 0.44 0.31 0.22 0.17
EUNU.DE
 Global Aggregate Bond EUR Hdg 0.36 0.24 0.11 0.26
SPF1.DE
 Global Convertible Bonds EUR Hdg 0.17 0.17 0.13 0.28
IS3C.DE
 Emerg. Market Bonds EUR Hdg 0.53 0.33 0.24 0.27
SYBA.DE
 Euro Total Bond Market 0.60 0.42 0.30 0.31
IBCL.DE
 Euro Long Term Gov. Bonds 0.57 0.32 0.19 0.17
XHYG.DE
 Euro High Yield Bonds 0.30 0.28 0.23 0.34
IBCI.DE
 Euro Inflation Linked Bonds 0.58 0.23 0.20 0.23
PHAU
 Gold 0.39 0.22 0.14 0.06
UIQK.DE
 Commodities -0.53 -0.14 -0.05 0.24
Terms and Definitions
Correlation values range between -1 and +1
  • A correlation of +1 indicates that the returns of the two assets move in perfect synchrony; when one asset's returns go up, the other asset's returns also go up by the same percentage, and vice versa. This perfect positive correlation implies that the assets perform similarly in different market conditions.
  • A correlation of -1 indicates a perfect inverse relationship between the returns of the two assets. When one asset's returns go up, the other asset's returns go down by the same percentage. This perfect negative correlation suggests that the assets move in opposite directions, providing a diversification benefit by reducing overall portfolio risk.
  • A correlation of 0 means that there is no linear relationship between the returns of the two assets. The returns of one asset do not predict the returns of the other.
Learn about historical correlations here: see how the main asset classes relate to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

ISHARES EURO GOVERNMENT BOND 0-1YR (EUN6.DE) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Time Period: 1 September 1994 - 31 August 2024 (30 Years)
Time Period: 1 July 1980 - 31 August 2024 (~44 years)
Inflation Adjusted:

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Rolling Returns

For a detailed rolling return analysis, click here
iShares Euro Government Bond 0-1yr (EUN6.DE) ETF: Rolling Returns

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES EURO GOVERNMENT BOND 0-1YR (EUN6.DE) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Time Period: 1 September 1994 - 31 August 2024 (30 Years)
Time Period: 1 July 1980 - 31 August 2024 (~44 years)
Inflation Adjusted:

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Seasonality

In which months is it better to invest in iShares Euro Government Bond 0-1yr (EUN6.DE) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past. They are retrieved considering the time period from July 1980 to August 2024.

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For further information about the seasonality, check the Asset Class Seasonality page.

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the iShares Euro Government Bond 0-1yr (EUN6.DE) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES EURO GOVERNMENT BOND 0-1YR (EUN6.DE) ETF
Monthly Returns Distribution
Time Period: 1 September 1994 - 31 August 2024 (30 Years)
Time Period: 1 July 1980 - 31 August 2024 (~44 years)
238 Positive Months (66%) - 122 Negative Months (34%)
380 Positive Months (72%) - 150 Negative Months (28%)

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Methodology

Returns, up to September 2009, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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