AHYE.DE vs. EUNW.DE

Last updated Apr 3, 2026

Compare and contrast key facts about Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE).

AHYE.DE and EUNW.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AHYE.DE is a passively managed fund by Amundi that tracks the performance of the iBoxx MSCI ESG EUR High Yield Corporates. It was launched on Apr 5, 2018. EUNW.DE is a passively managed fund by iShares that tracks the performance of the iBoxx® EUR Liquid High Yield. It was launched on Sep 3, 2010. Both AHYE.DE and EUNW.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AHYE.DE vs. EUNW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE). The values are adjusted to include any dividend payments, if applicable.

AHYE.DE vs. EUNW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR	-1.55%	5.51%	5.40%	10.19%	-10.53%	0.94%	1.40%	10.27%	-2.45%	5.05%
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)	-1.33%	5.00%	5.90%	11.26%	-9.36%	2.93%	1.06%	9.87%	-3.52%	4.59%

Returns By Period

In the year-to-date period, AHYE.DE achieves a -1.55% return, which is significantly lower than EUNW.DE's -1.33% return. Both investments have delivered pretty close results over the past 10 years, with AHYE.DE having a 2.91% annualized return and EUNW.DE not far ahead at 3.03%.

AHYE.DE

• 1D: -0.08%
• 1M: -1.30%
• YTD: -1.55%
• 6M: -0.65%
• 1Y: 3.45%
• 3Y*: 5.83%
• 5Y*: 1.47%
• 10Y*: 2.91%

EUNW.DE

• 1D: -0.25%
• 1M: -0.75%
• YTD: -1.33%
• 6M: -0.54%
• 1Y: 3.07%
• 3Y*: 5.82%
• 5Y*: 2.36%
• 10Y*: 3.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AHYE.DE vs. EUNW.DE - Expense Ratio Comparison

AHYE.DE has a 0.40% expense ratio, which is lower than EUNW.DE's 0.50% expense ratio.

EUNW.DE

iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)

AHYE.DE

Amundi Euro High Yield Bond ESG UCITS ETF EUR

Return for Risk

AHYE.DE vs. EUNW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AHYE.DE

AHYE.DE Risk / Return Rank: 45
AHYE.DE Sharpe Ratio Rank: 48
AHYE.DE Sortino Ratio Rank: 45
AHYE.DE Omega Ratio Rank: 47
AHYE.DE Calmar Ratio Rank: 38
AHYE.DE Martin Ratio Rank: 49

EUNW.DE

EUNW.DE Risk / Return Rank: 41
EUNW.DE Sharpe Ratio Rank: 40
EUNW.DE Sortino Ratio Rank: 38
EUNW.DE Omega Ratio Rank: 38
EUNW.DE Calmar Ratio Rank: 41
EUNW.DE Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AHYE.DE vs. EUNW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.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.

	AHYE.DE	EUNW.DE	Difference
Sharpe ratio Return per unit of total volatility	0.93	0.81	+0.12
Sortino ratio Return per unit of downside risk	1.33	1.17	+0.16
Omega ratio Gain probability vs. loss probability	1.19	1.17	+0.03
Calmar ratio Return relative to maximum drawdown	1.21	1.30	-0.08
Martin ratio Return relative to average drawdown	5.69	5.65	+0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AHYE.DE vs. EUNW.DE - Sharpe Ratio Comparison

The current AHYE.DE Sharpe Ratio is 0.93, which is comparable to the EUNW.DE Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of AHYE.DE and EUNW.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AHYE.DE	EUNW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	0.81	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.45	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.46	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.45	-0.07

Correlation

The correlation between AHYE.DE and EUNW.DE is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AHYE.DE vs. EUNW.DE - Dividend Comparison

AHYE.DE has not paid dividends to shareholders, while EUNW.DE's dividend yield for the trailing twelve months is around 5.29%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)	5.29%	5.45%	6.09%	5.41%	3.70%	3.07%	3.67%	3.75%	3.68%	3.78%	4.03%	4.59%

Drawdowns

AHYE.DE vs. EUNW.DE - Drawdown Comparison

The maximum AHYE.DE drawdown since its inception was -23.41%, smaller than the maximum EUNW.DE drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for AHYE.DE and EUNW.DE.

Drawdown Indicators

	AHYE.DE	EUNW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.41%	-25.47%	+2.06%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-2.83%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	-16.89%	-14.79%	-2.10%
Max Drawdown (10Y) Largest decline over 10 years	-23.41%	-25.47%	+2.06%
Current Drawdown Current decline from peak	-2.24%	-1.76%	-0.48%
Average Drawdown Average peak-to-trough decline	-2.89%	-2.33%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	0.65%	+0.04%

Volatility

AHYE.DE vs. EUNW.DE - Volatility Comparison

The current volatility for Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) is 1.77%, while iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) has a volatility of 1.91%. This indicates that AHYE.DE experiences smaller price fluctuations and is considered to be less risky than EUNW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHYE.DE	EUNW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	1.91%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	2.30%	2.47%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	3.76%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.53%	5.20%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	6.56%	+0.17%