EUN5.DE vs. IS3M.DE
EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) and IS3M.DE (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - EUN5.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond, while IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 10 years, EUN5.DE returned 1.02%/yr vs 1.01%/yr for IS3M.DE. At a 0.12 correlation, their price movements are largely independent. EUN5.DE charges 0.20%/yr vs 0.09%/yr for IS3M.DE.
Performance
EUN5.DE vs. IS3M.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 lower than IS3M.DE's 0.92% return. Both investments have delivered pretty close results over the past 10 years, with EUN5.DE having a 1.02% annualized return and IS3M.DE not far behind at 1.01%.
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%
IS3M.DE
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 0.92%
- 6M
- 1.05%
- 1Y
- 2.27%
- 3Y*
- 3.34%
- 5Y*
- 2.10%
- 10Y*
- 1.01%
EUN5.DE vs. IS3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 0.53% | 3.02% | 4.38% | 7.49% | -13.40% | -1.05% | 2.58% | 6.31% | -1.47% | 2.15% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 0.92% | 2.61% | 4.12% | 3.42% | -0.29% | -0.36% | 0.09% | 0.34% | -0.62% | -0.09% |
Correlation
The correlation between EUN5.DE and IS3M.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2013 | 0.12 |
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Return for Risk
EUN5.DE vs. IS3M.DE — Risk / Return Rank
EUN5.DE
IS3M.DE
EUN5.DE vs. IS3M.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 € Ultrashort Bond UCITS ETF (IS3M.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 | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.64 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 7.59 | -6.90 |
| Martin ratioReturn relative to average drawdown | 2.40 | 49.96 | -47.56 |
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 | IS3M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 2.95 | -2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 2.74 | -2.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.91 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.86 | -0.39 |
Drawdowns
EUN5.DE vs. IS3M.DE - Drawdown Comparison
The maximum EUN5.DE drawdown since its inception was -17.31%, which is greater than IS3M.DE's maximum drawdown of -3.80%. Use the drawdown chart below to compare losses from any high point for EUN5.DE and IS3M.DE.
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Drawdown Indicators
| EUN5.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.31% | -3.80% | -13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -0.30% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -0.47% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.31% | -1.21% | -16.10% |
Max Drawdown (10Y)Largest decline over 10 years | -17.31% | -3.80% | -13.51% |
Current DrawdownCurrent decline from peak | -1.08% | -0.01% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -0.29% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.05% | +0.73% |
Volatility
EUN5.DE vs. IS3M.DE - Volatility Comparison
iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) has a higher volatility of 1.08% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 0.29%. This indicates that EUN5.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.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 | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.29% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 0.59% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 0.76% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 0.76% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 1.11% | +3.44% |
EUN5.DE vs. IS3M.DE - Expense Ratio Comparison
EUN5.DE has a 0.20% expense ratio, which is higher than IS3M.DE's 0.09% 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. IS3M.DE - Dividend Comparison
EUN5.DE's dividend yield for the trailing twelve months is around 3.33%, more than IS3M.DE's 3.29% yield.
| 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% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 3.29% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
Frequently Asked Questions
EUN5.DE and IS3M.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3M.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3M.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for EUN5.DE.
EUN5.DE is categorized as European Corporate Bonds, while IS3M.DE is Ultrashort Bond. EUN5.DE tracks Bloomberg Euro Corporate Bond, while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Their fees differ too: 0.20% for EUN5.DE and 0.09% for IS3M.DE.
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