EUNA.DE vs. SHYG
EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) are both exchange-traded funds - EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged), while SHYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield 0-5 Index. Both are passively managed. Over the past 5 years, EUNA.DE returned -1.29%/yr vs 5.84%/yr for SHYG. At a 0.04 correlation, their price movements are largely independent. EUNA.DE charges 0.10%/yr vs 0.30%/yr for SHYG.
Performance
EUNA.DE vs. SHYG - Performance Comparison
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Different Trading Currencies
EUNA.DE is traded in EUR, while SHYG is traded in USD. To make them comparable, the SHYG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNA.DE achieves a -0.46% return, which is significantly lower than SHYG's 2.74% return.
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
SHYG
- 1D
- 0.00%
- 1M
- 0.99%
- YTD
- 2.74%
- 6M
- 2.37%
- 1Y
- 4.73%
- 3Y*
- 5.28%
- 5Y*
- 5.84%
- 10Y*
- 4.93%
EUNA.DE vs. SHYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 5.06% | -1.17% | -0.54% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2.74% | -4.87% | 15.31% | 7.07% | 1.20% | 12.43% | -5.35% | 12.41% | 4.72% | -1.37% |
Correlation
The correlation between EUNA.DE and SHYG 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 | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.04 |
The correlation between EUNA.DE and SHYG shifts across timeframes, from -0.08 (1 year) to 0.06 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNA.DE vs. SHYG — Risk / Return Rank
EUNA.DE
SHYG
EUNA.DE vs. SHYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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.
| EUNA.DE | SHYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.15 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 1.35 | -0.92 |
| Martin ratioReturn relative to average drawdown | 1.18 | 4.32 | -3.14 |
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
| EUNA.DE | SHYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.81 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | 0.74 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.63 | -0.68 |
Drawdowns
EUNA.DE vs. SHYG - Drawdown Comparison
The maximum EUNA.DE drawdown since its inception was -17.79%, smaller than the maximum SHYG drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for EUNA.DE and SHYG.
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Drawdown Indicators
| EUNA.DE | SHYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -18.78% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -3.52% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -12.32% | +8.30% |
Max Drawdown (5Y)Largest decline over 5 years | -17.03% | -12.32% | -4.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.78% | — |
Current DrawdownCurrent decline from peak | -8.66% | -4.20% | -4.46% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -4.28% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.10% | -0.11% |
Volatility
EUNA.DE vs. SHYG - Volatility Comparison
iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) has a higher volatility of 1.35% compared to iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) at 0.88%. This indicates that EUNA.DE's price experiences larger fluctuations and is considered to be riskier than SHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNA.DE | SHYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.88% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 4.07% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 5.90% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 7.93% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 8.75% | -4.48% |
EUNA.DE vs. SHYG - Expense Ratio Comparison
EUNA.DE has a 0.10% expense ratio, which is lower than SHYG's 0.30% expense ratio.
Dividends
EUNA.DE vs. SHYG - Dividend Comparison
EUNA.DE has not paid dividends to shareholders, while SHYG's dividend yield for the trailing twelve months is around 7.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) 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% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.01% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
Frequently Asked Questions
EUNA.DE and SHYG 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, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for SHYG.
EUNA.DE is categorized as Global Bonds, while SHYG is High Yield Bonds. EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while SHYG tracks Markit iBoxx USD Liquid High Yield 0-5 Index. Their fees differ too: 0.10% for EUNA.DE and 0.30% for SHYG.
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