PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) Diversifiers

ETF · Currency in EUR · Last updated Jul 4, 2026

The fund tracks US Dollar-denominated high yield corporate bonds from companies with more sustainable business practices than industry peers, currency hedged to the Euro.

Looking to diversify beyond UEEF.DE? The ETFs below have the lowest correlation with UEEF.DE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from UEEF.DE.

Best Diversifiers for UEEF.DE

6 ETFs have low correlation with UEEF.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) (High Yield Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.16 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
IS3K.DE
iShares USD Short Duration High Yield Corporate Bo...0.070.080.16
60
High Yield BondsUEEF.DE vs IS3K.DE
XZHY.DE
Xtrackers ESG USD High Yield Corporate Bond UCITS ...0.150.18—
58
High Yield BondsUEEF.DE vs XZHY.DE
IS0R.DE
iShares USD High Yield Corporate Bond UCITS ETF US...0.170.190.31
61
High Yield BondsUEEF.DE vs IS0R.DE
GFEA.DE
VanEck Global Fallen Angel High Yield Bond UCITS E...0.190.260.36
67
High Yield BondsUEEF.DE vs GFEA.DE
XUHY.DE
Xtrackers USD High Yield Corporate Bond UCITS ETF ...0.220.200.33
60
High Yield BondsUEEF.DE vs XUHY.DE
See all 16 diversifiers for UEEF.DE

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements UEEF.DE

Add UEEF.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with UEEF.DE