36BE.DE vs. USHY.MI
36BE.DE (iShares USD Corporate Bond ESG UCITS ETF Dist) and USHY.MI (Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist) are both Corporate Bonds funds - 36BE.DE tracks the Bloomberg MSCI US Corporate Sustainable SRI while USHY.MI tracks the Bloomberg MSCI US Corporate High Yield SRI Sustainable index. Both are passively managed. Over the past 5 years, 36BE.DE returned 1.56%/yr vs 3.99%/yr for USHY.MI. A 0.58 correlation means they provide meaningful diversification when combined. 36BE.DE charges 0.15%/yr vs 0.25%/yr for USHY.MI.
Performance
36BE.DE vs. USHY.MI - Performance Comparison
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Returns By Period
In the year-to-date period, 36BE.DE achieves a 1.37% return, which is significantly lower than USHY.MI's 2.58% return.
36BE.DE
- 1D
- 0.13%
- 1M
- 1.12%
- YTD
- 1.37%
- 6M
- 0.75%
- 1Y
- 3.56%
- 3Y*
- 2.22%
- 5Y*
- 1.56%
- 10Y*
- —
USHY.MI
- 1D
- -0.05%
- 1M
- 1.19%
- YTD
- 2.58%
- 6M
- 1.09%
- 1Y
- 4.14%
- 3Y*
- 5.14%
- 5Y*
- 3.99%
- 10Y*
- —
36BE.DE vs. USHY.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 1.37% | -4.25% | 7.93% | 4.49% | -9.70% | 7.28% | -3.86% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 2.58% | -4.75% | 14.46% | 7.63% | -7.29% | 11.41% | -1.47% |
Correlation
The correlation between 36BE.DE and USHY.MI is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.58 |
The correlation between 36BE.DE and USHY.MI has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.
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Return for Risk
36BE.DE vs. USHY.MI — Risk / Return Rank
36BE.DE
USHY.MI
36BE.DE vs. USHY.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.DE) and Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI). 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.
| 36BE.DE | USHY.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.17 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.70 | -0.73 |
| Martin ratioReturn relative to average drawdown | 2.49 | 4.56 | -2.07 |
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
| 36BE.DE | USHY.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.84 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.53 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.34 | -0.30 |
Drawdowns
36BE.DE vs. USHY.MI - Drawdown Comparison
The maximum 36BE.DE drawdown since its inception was -12.76%, smaller than the maximum USHY.MI drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for 36BE.DE and USHY.MI.
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Drawdown Indicators
| 36BE.DE | USHY.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.76% | -22.33% | +9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -3.15% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.21% | -11.75% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -12.76% | -11.75% | -1.01% |
Current DrawdownCurrent decline from peak | -5.56% | -4.41% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -4.97% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 6.47% | -5.18% |
Volatility
36BE.DE vs. USHY.MI - Volatility Comparison
The current volatility for iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.DE) is 0.99%, while Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) has a volatility of 1.11%. This indicates that 36BE.DE experiences smaller price fluctuations and is considered to be less risky than USHY.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BE.DE | USHY.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.11% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 4.06% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 6.38% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.11% | 8.53% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 10.02% | -1.23% |
36BE.DE vs. USHY.MI - Expense Ratio Comparison
36BE.DE has a 0.15% expense ratio, which is lower than USHY.MI's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36BE.DE vs. USHY.MI - Dividend Comparison
36BE.DE's dividend yield for the trailing twelve months is around 4.92%, which matches USHY.MI's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 4.92% | 4.92% | 4.68% | 4.24% | 2.85% | 2.47% | 1.43% | 0.00% | 0.00% | 0.00% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 4.90% | 5.03% | 3.29% | 5.61% | 5.95% | 5.86% | 6.17% | 5.53% | 4.73% | 3.61% |
Frequently Asked Questions
36BE.DE and USHY.MI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BE.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for USHY.MI.
36BE.DE tracks Bloomberg MSCI US Corporate Sustainable SRI, while USHY.MI tracks Bloomberg MSCI US Corporate High Yield SRI Sustainable index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for 36BE.DE and 0.25% for USHY.MI.
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