EUHA.DE vs. EUNW.DE
EUHA.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both European High Yield Bonds funds - EUHA.DE tracks the BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained while EUNW.DE tracks the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 5 years, EUHA.DE returned 2.85%/yr vs 2.68%/yr for EUNW.DE. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
EUHA.DE vs. EUNW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUHA.DE achieves a 1.21% return, which is significantly higher than EUNW.DE's 0.85% return.
EUHA.DE
- 1D
- 0.10%
- 1M
- 1.11%
- YTD
- 1.21%
- 6M
- 1.65%
- 1Y
- 3.44%
- 3Y*
- 6.41%
- 5Y*
- 2.85%
- 10Y*
- —
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.82%
- YTD
- 0.85%
- 6M
- 1.41%
- 1Y
- 3.18%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
EUHA.DE vs. EUNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.21% | 5.16% | 6.18% | 10.06% | -8.20% | 3.18% | 1.17% | 8.26% | -4.28% | 0.40% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 2.93% | 1.06% | 9.87% | -3.52% | 0.04% |
Correlation
The correlation between EUHA.DE and EUNW.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2017 | 0.72 |
The correlation between EUHA.DE and EUNW.DE shifts across timeframes, from 0.67 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUHA.DE vs. EUNW.DE — Risk / Return Rank
EUHA.DE
EUNW.DE
EUHA.DE vs. EUNW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.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.
| EUHA.DE | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.12 | +0.01 |
| Martin ratioReturn relative to average drawdown | 5.03 | 4.73 | +0.31 |
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
| EUHA.DE | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.96 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.50 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.47 | -0.14 |
Drawdowns
EUHA.DE vs. EUNW.DE - Drawdown Comparison
The maximum EUHA.DE drawdown since its inception was -23.36%, smaller than the maximum EUNW.DE drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for EUHA.DE and EUNW.DE.
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Drawdown Indicators
| EUHA.DE | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.36% | -25.47% | +2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.83% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -3.50% | -3.80% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -12.43% | -14.79% | +2.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.47% | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.10% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -2.31% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.67% | +0.01% |
Volatility
EUHA.DE vs. EUNW.DE - Volatility Comparison
PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.DE) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) have volatilities of 0.78% and 0.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUHA.DE | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.79% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 2.86% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 3.30% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.93% | 5.25% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 6.58% | +0.96% |
EUHA.DE vs. EUNW.DE - Expense Ratio Comparison
Both EUHA.DE and EUNW.DE have an expense ratio of 0.50%.
Dividends
EUHA.DE vs. EUNW.DE - Dividend Comparison
EUHA.DE has not paid dividends to shareholders, while EUNW.DE's dividend yield for the trailing twelve months is around 5.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 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) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
Frequently Asked Questions
EUHA.DE and EUNW.DE have a correlation of 0.67, 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 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUHA.DE and EUNW.DE have the same expense ratio: 0.50% per year.
EUHA.DE tracks BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained, while EUNW.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: PIMCO and iShares.
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