EUNW.DE vs. EUHA.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and EUHA.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both European High Yield Bonds funds - EUNW.DE tracks the iBoxx® EUR Liquid High Yield while EUHA.DE tracks the BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained. Both are passively managed. Over the past 5 years, EUNW.DE returned 2.68%/yr vs 2.85%/yr for EUHA.DE. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
EUNW.DE vs. EUHA.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 lower than EUHA.DE's 1.21% 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%
EUHA.DE
- 1D
- 0.10%
- 1M
- 0.50%
- YTD
- 1.21%
- 6M
- 1.66%
- 1Y
- 3.62%
- 3Y*
- 6.41%
- 5Y*
- 2.85%
- 10Y*
- —
EUNW.DE vs. EUHA.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% | 0.04% |
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.21% | 5.16% | 6.18% | 10.06% | -8.20% | 3.18% | 1.17% | 8.26% | -4.28% | 0.40% |
Correlation
The correlation between EUNW.DE and EUHA.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2017 | 0.72 |
The correlation between EUNW.DE and EUHA.DE shifts across timeframes, from 0.67 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNW.DE vs. EUHA.DE — Risk / Return Rank
EUNW.DE
EUHA.DE
EUNW.DE vs. EUHA.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 PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.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 | EUHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.13 | -0.01 |
| Martin ratioReturn relative to average drawdown | 4.73 | 5.03 | -0.31 |
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 | EUHA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.11 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.57 | -0.07 |
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 | 0.33 | +0.14 |
Drawdowns
EUNW.DE vs. EUHA.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, which is greater than EUHA.DE's maximum drawdown of -23.36%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and EUHA.DE.
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Drawdown Indicators
| EUNW.DE | EUHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -23.36% | -2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.03% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -3.50% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -12.43% | -2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.15% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -2.43% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.68% | -0.01% |
Volatility
EUNW.DE vs. EUHA.DE - Volatility Comparison
iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) and PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.DE) have volatilities of 0.79% and 0.78%, 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 | EUHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.78% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.64% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 3.10% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 4.93% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 7.54% | -0.96% |
EUNW.DE vs. EUHA.DE - Expense Ratio Comparison
Both EUNW.DE and EUHA.DE have an expense ratio of 0.50%.
Dividends
EUNW.DE vs. EUHA.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, while EUHA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF 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% |
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 EUHA.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNW.DE and EUHA.DE have the same expense ratio: 0.50% per year.
EUNW.DE tracks iBoxx® EUR Liquid High Yield, while EUHA.DE tracks BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained. They also come from different issuers: iShares and PIMCO.
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