EUNL.DE vs. IS3K.DE
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - EUNL.DE is a Global Equities fund tracking the MSCI World Index, while IS3K.DE is a High Yield Bonds fund tracking the iBoxx® USD Liquid High Yield 0-5 Capped. Both are passively managed. Over the past 10 years, EUNL.DE returned 12.99%/yr vs 4.66%/yr for IS3K.DE. A 0.54 correlation means they provide meaningful diversification when combined. EUNL.DE charges 0.20%/yr vs 0.45%/yr for IS3K.DE.
Performance
EUNL.DE vs. IS3K.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNL.DE achieves a 9.95% return, which is significantly higher than IS3K.DE's 3.44% return. Over the past 10 years, EUNL.DE has outperformed IS3K.DE with an annualized return of 12.99%, while IS3K.DE has yielded a comparatively lower 4.66% annualized return.
EUNL.DE
- 1D
- 1.66%
- 1M
- 1.52%
- YTD
- 9.95%
- 6M
- 11.17%
- 1Y
- 23.88%
- 3Y*
- 16.77%
- 5Y*
- 12.47%
- 10Y*
- 12.99%
IS3K.DE
- 1D
- -0.21%
- 1M
- 1.25%
- YTD
- 3.44%
- 6M
- 3.70%
- 1Y
- 7.01%
- 3Y*
- 5.09%
- 5Y*
- 5.52%
- 10Y*
- 4.66%
EUNL.DE vs. IS3K.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 9.95% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 31.35% | -5.13% | 7.71% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 3.44% | -3.41% | 12.68% | 5.21% | 2.20% | 12.74% | -5.49% | 12.34% | 4.89% | -8.47% |
Correlation
The correlation between EUNL.DE and IS3K.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2013 | 0.54 |
Over the past year, the correlation between EUNL.DE and IS3K.DE has dropped to 0.30 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
EUNL.DE vs. IS3K.DE — Risk / Return Rank
EUNL.DE
IS3K.DE
EUNL.DE vs. IS3K.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) and iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUNL.DE | IS3K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.22 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 2.23 | +1.51 |
| Martin ratioReturn relative to average drawdown | 15.11 | 6.95 | +8.16 |
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Drawdowns
EUNL.DE vs. IS3K.DE - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, which is greater than IS3K.DE's maximum drawdown of -27.02%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and IS3K.DE.
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Drawdown Indicators
| EUNL.DE | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -27.02% | -6.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -3.09% | -3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -11.25% | -10.48% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -11.25% | -10.48% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -17.93% | -15.70% |
Current DrawdownCurrent decline from peak | -1.13% | -2.90% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -6.55% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.00% | +0.54% |
Volatility
EUNL.DE vs. IS3K.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a higher volatility of 3.08% compared to iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) at 0.90%. This indicates that EUNL.DE's price experiences larger fluctuations and is considered to be riskier than IS3K.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNL.DE | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 0.90% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 3.77% | +4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.31% | 5.70% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 7.12% | +7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 7.83% | +7.33% |
EUNL.DE vs. IS3K.DE - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is lower than IS3K.DE's 0.45% expense ratio.
Dividends
EUNL.DE vs. IS3K.DE - Dividend Comparison
EUNL.DE has not paid dividends to shareholders, while IS3K.DE's dividend yield for the trailing twelve months is around 4.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 4.96% | 6.65% | 6.31% | 5.70% | 4.36% | 4.12% | 5.05% | 5.26% | 5.48% | 5.68% | 5.57% | 5.05% |
Frequently Asked Questions
EUNL.DE and IS3K.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.45% for IS3K.DE.
EUNL.DE is categorized as Global Equities, while IS3K.DE is High Yield Bonds. EUNL.DE tracks MSCI World Index, while IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped. Their fees differ too: 0.20% for EUNL.DE and 0.45% for IS3K.DE.
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