EUNW.DE vs. AHYE.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and AHYE.DE (Amundi Euro High Yield Bond ESG UCITS ETF EUR) are both European High Yield Bonds funds - EUNW.DE tracks the iBoxx® EUR Liquid High Yield while AHYE.DE tracks the iBoxx MSCI ESG EUR High Yield Corporates. Both are passively managed. Over the past 10 years, EUNW.DE returned 3.10%/yr vs 2.89%/yr for AHYE.DE. Their correlation of 0.83 suggests significant overlap in exposure. EUNW.DE charges 0.50%/yr vs 0.40%/yr for AHYE.DE.
Performance
EUNW.DE vs. AHYE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNW.DE achieves a 0.85% return, which is significantly higher than AHYE.DE's 0.37% return. Over the past 10 years, EUNW.DE has outperformed AHYE.DE with an annualized return of 3.10%, while AHYE.DE has yielded a comparatively lower 2.89% annualized return.
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%
AHYE.DE
- 1D
- -0.11%
- 1M
- 0.43%
- YTD
- 0.37%
- 6M
- 0.67%
- 1Y
- 3.35%
- 3Y*
- 6.16%
- 5Y*
- 1.77%
- 10Y*
- 2.89%
EUNW.DE vs. AHYE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 4.59% |
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.37% | 5.51% | 5.40% | 10.19% | -10.53% | 0.94% | 1.40% | 10.27% | -2.45% | 5.05% |
Correlation
The correlation between EUNW.DE and AHYE.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014 | 0.83 |
The correlation between EUNW.DE and AHYE.DE has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
EUNW.DE vs. AHYE.DE — Risk / Return Rank
EUNW.DE
AHYE.DE
EUNW.DE vs. AHYE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) and Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.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.
| EUNW.DE | AHYE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.01 | +0.12 |
| Martin ratioReturn relative to average drawdown | 4.73 | 4.06 | +0.66 |
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
| EUNW.DE | AHYE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.01 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.31 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.43 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.39 | +0.08 |
Drawdowns
EUNW.DE vs. AHYE.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, which is greater than AHYE.DE's maximum drawdown of -23.41%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and AHYE.DE.
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Drawdown Indicators
| EUNW.DE | AHYE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -23.41% | -2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.22% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -3.22% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -16.89% | +2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | -23.41% | -2.06% |
Current DrawdownCurrent decline from peak | -0.10% | -0.32% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -2.86% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.80% | -0.13% |
Volatility
EUNW.DE vs. AHYE.DE - Volatility Comparison
iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) and Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) have volatilities of 0.79% and 0.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNW.DE | AHYE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.81% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.76% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 3.22% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 5.57% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 6.73% | -0.15% |
EUNW.DE vs. AHYE.DE - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than AHYE.DE's 0.40% expense ratio.
Dividends
EUNW.DE vs. AHYE.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, while AHYE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
EUNW.DE and AHYE.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AHYE.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AHYE.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE tracks iBoxx® EUR Liquid High Yield, while AHYE.DE tracks iBoxx MSCI ESG EUR High Yield Corporates. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for EUNW.DE and 0.40% for AHYE.DE.
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