EUHI.DE vs. EUNW.DE
EUHI.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both European High Yield Bonds funds - EUHI.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, EUHI.DE returned 2.83%/yr vs 2.68%/yr for EUNW.DE. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
EUHI.DE vs. EUNW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUHI.DE achieves a 1.24% return, which is significantly higher than EUNW.DE's 0.85% return.
EUHI.DE
- 1D
- -0.00%
- 1M
- 0.41%
- YTD
- 1.24%
- 6M
- 1.47%
- 1Y
- 3.53%
- 3Y*
- 6.36%
- 5Y*
- 2.83%
- 10Y*
- —
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 0.85%
- 6M
- 1.40%
- 1Y
- 3.33%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
EUHI.DE vs. EUNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 1.24% | 5.05% | 6.16% | 10.11% | -8.21% | 3.21% | 1.04% | 8.37% | -4.20% | 0.33% |
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 EUHI.DE and EUNW.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2017 | 0.67 |
The correlation between EUHI.DE and EUNW.DE shifts across timeframes, from 0.67 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUHI.DE vs. EUNW.DE — Risk / Return Rank
EUHI.DE
EUNW.DE
EUHI.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 Dist (EUHI.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.
| EUHI.DE | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.12 | +0.11 |
| Martin ratioReturn relative to average drawdown | 5.48 | 4.73 | +0.75 |
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
| EUHI.DE | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.96 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.50 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.47 | -0.07 |
Drawdowns
EUHI.DE vs. EUNW.DE - Drawdown Comparison
The maximum EUHI.DE drawdown since its inception was -21.68%, smaller than the maximum EUNW.DE drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for EUHI.DE and EUNW.DE.
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Drawdown Indicators
| EUHI.DE | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -25.47% | +3.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -2.83% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.28% | -3.80% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -12.64% | -14.79% | +2.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.47% | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.10% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -2.31% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.67% | -0.03% |
Volatility
EUHI.DE vs. EUNW.DE - Volatility Comparison
The current volatility for PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.DE) is 0.67%, while iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) has a volatility of 0.79%. This indicates that EUHI.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.
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Volatility by Period
| EUHI.DE | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.79% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 2.86% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 3.30% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 5.25% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 6.58% | -0.37% |
EUHI.DE vs. EUNW.DE - Expense Ratio Comparison
Both EUHI.DE and EUNW.DE have an expense ratio of 0.50%.
Dividends
EUHI.DE vs. EUNW.DE - Dividend Comparison
EUHI.DE's dividend yield for the trailing twelve months is around 4.40%, less than EUNW.DE's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 4.40% | 4.47% | 4.75% | 4.15% | 3.10% | 2.54% | 2.61% | 2.59% | 2.03% | 0.17% | 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
EUHI.DE and EUNW.DE have a correlation of 0.76, 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.
EUHI.DE and EUNW.DE have the same expense ratio: 0.50% per year.
EUHI.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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