EUN5.DE vs. IE3E.DE
EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) and IE3E.DE (iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc) are both European Corporate Bonds funds from iShares - EUN5.DE tracks the Bloomberg Euro Corporate Bond while IE3E.DE tracks the Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI. Both are passively managed. Over the past 3 years, EUN5.DE returned 4.59%/yr vs 3.74%/yr for IE3E.DE. A 0.73 correlation means they provide meaningful diversification when combined. EUN5.DE charges 0.20%/yr vs 0.12%/yr for IE3E.DE.
Performance
EUN5.DE vs. IE3E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN5.DE achieves a 0.53% return, which is significantly higher than IE3E.DE's 0.48% return.
EUN5.DE
- 1D
- 0.05%
- 1M
- 0.36%
- YTD
- 0.53%
- 6M
- 0.49%
- 1Y
- 2.22%
- 3Y*
- 4.59%
- 5Y*
- 0.06%
- 10Y*
- 1.02%
IE3E.DE
- 1D
- 0.05%
- 1M
- 0.19%
- YTD
- 0.48%
- 6M
- 0.73%
- 1Y
- 1.92%
- 3Y*
- 3.74%
- 5Y*
- —
- 10Y*
- —
EUN5.DE vs. IE3E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 0.53% | 3.02% | 4.38% | 7.49% | -5.64% |
IE3E.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc | 0.48% | 3.04% | 4.31% | 4.16% | -1.80% |
Correlation
The correlation between EUN5.DE and IE3E.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 30, 2022 | 0.73 |
The correlation between EUN5.DE and IE3E.DE shifts across timeframes, from 0.58 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUN5.DE vs. IE3E.DE — Risk / Return Rank
EUN5.DE
IE3E.DE
EUN5.DE vs. IE3E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) and iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.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.
| EUN5.DE | IE3E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.86 | -1.17 |
| Martin ratioReturn relative to average drawdown | 2.40 | 7.32 | -4.92 |
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
| EUN5.DE | IE3E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.25 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.57 | -1.09 |
Drawdowns
EUN5.DE vs. IE3E.DE - Drawdown Comparison
The maximum EUN5.DE drawdown since its inception was -17.31%, which is greater than IE3E.DE's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for EUN5.DE and IE3E.DE.
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Drawdown Indicators
| EUN5.DE | IE3E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.31% | -3.12% | -14.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -0.98% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -0.98% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.31% | — | — |
Current DrawdownCurrent decline from peak | -1.08% | -0.08% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -0.55% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.25% | +0.53% |
Volatility
EUN5.DE vs. IE3E.DE - Volatility Comparison
iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) has a higher volatility of 1.08% compared to iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.DE) at 0.42%. This indicates that EUN5.DE's price experiences larger fluctuations and is considered to be riskier than IE3E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN5.DE | IE3E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.42% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 1.31% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 1.46% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 1.59% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 1.59% | +2.96% |
EUN5.DE vs. IE3E.DE - Expense Ratio Comparison
EUN5.DE has a 0.20% expense ratio, which is higher than IE3E.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUN5.DE vs. IE3E.DE - Dividend Comparison
EUN5.DE's dividend yield for the trailing twelve months is around 3.33%, while IE3E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
IE3E.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR 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% |
Frequently Asked Questions
EUN5.DE and IE3E.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IE3E.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE3E.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for EUN5.DE.
EUN5.DE tracks Bloomberg Euro Corporate Bond, while IE3E.DE tracks Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI. Their fees differ too: 0.20% for EUN5.DE and 0.12% for IE3E.DE.
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