EUNW.DE vs. BINC
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and BINC (iShares Flexible Income Active ETF) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while BINC is a Multisector Bonds fund actively managed by iShares. EUNW.DE is passively managed, while BINC is actively managed. Over the past 3 years, EUNW.DE returned 6.32%/yr vs 4.29%/yr for BINC. At a 0.03 correlation, their price movements are largely independent. EUNW.DE charges 0.50%/yr vs 0.40%/yr for BINC.
Performance
EUNW.DE vs. BINC - Performance Comparison
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Different Trading Currencies
EUNW.DE is traded in EUR, while BINC is traded in USD. To make them comparable, the BINC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNW.DE achieves a 0.85% return, which is significantly lower than BINC's 2.70% 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%
BINC
- 1D
- 0.61%
- 1M
- 1.91%
- YTD
- 2.70%
- 6M
- 2.22%
- 1Y
- 4.79%
- 3Y*
- 4.29%
- 5Y*
- —
- 10Y*
- —
EUNW.DE vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 7.96% |
BINC iShares Flexible Income Active ETF | 2.70% | -5.19% | 12.74% | 4.52% |
Correlation
The correlation between EUNW.DE and BINC is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.03 |
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Return for Risk
EUNW.DE vs. BINC — Risk / Return Rank
EUNW.DE
BINC
EUNW.DE vs. BINC - 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 iShares Flexible Income Active ETF (BINC). 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 | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.40 | -0.28 |
| Martin ratioReturn relative to average drawdown | 4.73 | 4.10 | +0.63 |
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 | BINC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.83 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.70 | -0.23 |
Drawdowns
EUNW.DE vs. BINC - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, which is greater than BINC's maximum drawdown of -11.27%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and BINC.
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Drawdown Indicators
| EUNW.DE | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -11.27% | -14.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.44% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -11.27% | +7.47% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -4.33% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -3.42% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.17% | -0.50% |
Volatility
EUNW.DE vs. BINC - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.79%, while iShares Flexible Income Active ETF (BINC) has a volatility of 1.07%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNW.DE | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.07% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 4.05% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 5.80% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 6.63% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 6.63% | -0.05% |
EUNW.DE vs. BINC - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than BINC's 0.40% expense ratio.
Dividends
EUNW.DE vs. BINC - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, less than BINC's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.87% | 5.86% | 6.14% | 3.13% | 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 BINC have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BINC is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BINC is cheaper with a 0.40% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE is categorized as European High Yield Bonds, while BINC is Multisector Bonds. Their fees differ too: 0.50% for EUNW.DE and 0.40% for BINC.
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