iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE)

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iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) is up 4.9% since the beginning of the year. IS3L.DE is currently trading at €87 per share. Investors who bought €1,000 worth of IS3L.DE shares 5 years ago would now be looking at an investment worth €1,248.

iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) has returned 4.85% so far this year and 7.12% over the past 12 months. Over the last ten years, IS3L.DE has returned 2.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.23% annually.

Based on dividend-adjusted daily data since Oct 15, 2013, IS3L.DE's average daily return is +0.06%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.

Historically, 58% of months were positive and 42% were negative. The best month was Jun 2014 with a return of +36.4%, while the worst month was Nov 2013 at -26.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, IS3L.DE closed higher 51% of trading days. The best single day was Mar 20, 2014 with a return of +39.1%, while the worst single day was Mar 7, 2014 at -27.9%.

iShares $ Ultrashort Bond UCITS ETF USD (Dist) has an annualized alpha of 15.41%, beta of 0.13, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 15, 2013.

• This ETF participated in 10.16% of S&P 500 Index downside but only 8.00% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.13 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

IS3L.DE has an expense ratio of 0.09%, which is considered low.

IS3L.DE ranks 40 for risk / return — below 40% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

iShares $ Ultrashort Bond UCITS ETF USD (Dist) provided a 4.25% dividend yield over the last twelve months, with an annual payout of €3.70 per share.

The table displays the monthly dividend distributions for iShares $ Ultrashort Bond UCITS ETF USD (Dist). The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the iShares $ Ultrashort Bond UCITS ETF USD (Dist). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares $ Ultrashort Bond UCITS ETF USD (Dist) was 28.17%, occurring on May 6, 2014. Recovery took 3 trading sessions.

The current iShares $ Ultrashort Bond UCITS ETF USD (Dist) drawdown is 4.88%.

The chart below shows the rolling one-month volatility.