EUED.DE vs. IS3L.DE
EUED.DE (iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist)) and IS3L.DE (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) are both Ultrashort Bond funds from iShares - EUED.DE tracks the iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index while IS3L.DE tracks the iBoxx USD Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 5 years, EUED.DE returned 2.15%/yr vs 4.53%/yr for IS3L.DE. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.09% expense ratio.
Performance
EUED.DE vs. IS3L.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EUED.DE achieves a 1.15% return, which is significantly lower than IS3L.DE's 4.85% return.
EUED.DE
- 1D
- 0.00%
- 1M
- 0.37%
- 6M
- 1.15%
- YTD
- 1.15%
- 1Y
- 2.18%
- 3Y*
- 3.35%
- 5Y*
- 2.15%
- 10Y*
- —
IS3L.DE
- 1D
- 0.07%
- 1M
- 1.79%
- 6M
- 4.65%
- YTD
- 4.85%
- 1Y
- 7.12%
- 3Y*
- 3.43%
- 5Y*
- 4.53%
- 10Y*
- 2.44%
EUED.DE vs. IS3L.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 1.15% | 2.56% | 4.11% | 3.40% | -0.40% | -0.20% | 0.51% |
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.85% | -7.06% | 11.88% | 1.83% | 7.62% | 8.58% | -8.34% |
Correlation
The correlation between EUED.DE and IS3L.DE is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2020 | -0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUED.DE vs. IS3L.DE — Risk / Return Rank
EUED.DE
IS3L.DE
EUED.DE vs. IS3L.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) and iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUED.DE | IS3L.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.20 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 10.92 | 2.14 | +8.78 |
| Martin ratioReturn relative to average drawdown | 24.27 | 5.14 | +19.13 |
Loading charts...
Drawdowns
EUED.DE vs. IS3L.DE - Drawdown Comparison
The maximum EUED.DE drawdown since its inception was -3.54%, smaller than the maximum IS3L.DE drawdown of -28.17%. Use the drawdown chart below to compare losses from any high point for EUED.DE and IS3L.DE.
Loading charts...
Drawdown Indicators
| EUED.DE | IS3L.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.54% | -28.17% | +24.63% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -3.32% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -0.39% | -11.38% | +10.99% |
Max Drawdown (5Y)Largest decline over 5 years | -1.20% | -11.38% | +10.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.28% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.88% | +4.88% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -9.19% | +8.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.38% | -1.29% |
Volatility
EUED.DE vs. IS3L.DE - Volatility Comparison
The current volatility for iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) is 0.28%, while iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) has a volatility of 1.60%. This indicates that EUED.DE experiences smaller price fluctuations and is considered to be less risky than IS3L.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUED.DE | IS3L.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 1.60% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 4.25% | -3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.55% | 6.04% | -4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 7.42% | -5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.52% | 10.54% | -8.02% |
EUED.DE vs. IS3L.DE - Expense Ratio Comparison
Both EUED.DE and IS3L.DE have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUED.DE vs. IS3L.DE - Dividend Comparison
EUED.DE's dividend yield for the trailing twelve months is around 2.36%, less than IS3L.DE's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 2.36% | 2.74% | 3.86% | 2.75% | 0.00% | 0.00% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.25% | 4.74% | 5.44% | 5.05% | 1.59% | 0.47% | 1.64% | 2.71% | 2.19% | 1.45% | 0.97% | 0.72% |
Frequently Asked Questions
EUED.DE and IS3L.DE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUED.DE and IS3L.DE have the same expense ratio: 0.09% per year.
EUED.DE tracks iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index, while IS3L.DE tracks iBoxx USD Liquid Investment Grade Ultrashort Index.
Find the right allocation for EUED.DE and IS3L.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer