EUNW.DE vs. EUHI.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and EUHI.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist) are both European High Yield Bonds funds - EUNW.DE tracks the iBoxx® EUR Liquid High Yield while EUHI.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 2.83%/yr for EUHI.DE. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
EUNW.DE vs. EUHI.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EUNW.DE achieves a 0.85% return, which is significantly lower than EUHI.DE's 1.24% 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%
EUHI.DE
- 1D
- -0.00%
- 1M
- 0.41%
- YTD
- 1.24%
- 6M
- 1.47%
- 1Y
- 3.53%
- 3Y*
- 6.36%
- 5Y*
- 2.83%
- 10Y*
- —
EUNW.DE vs. EUHI.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% |
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 1.24% | 5.05% | 6.16% | 10.11% | -8.21% | 3.21% | 1.04% | 8.37% | -4.20% | 0.33% |
Correlation
The correlation between EUNW.DE and EUHI.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2017 | 0.67 |
The correlation between EUNW.DE and EUHI.DE shifts across timeframes, from 0.67 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUNW.DE vs. EUHI.DE — Risk / Return Rank
EUNW.DE
EUHI.DE
EUNW.DE vs. EUHI.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 Dist (EUHI.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 | EUHI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.24 | -0.11 |
| Martin ratioReturn relative to average drawdown | 4.73 | 5.48 | -0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EUNW.DE | EUHI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.24 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.62 | -0.12 |
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 | 0.40 | +0.07 |
Drawdowns
EUNW.DE vs. EUHI.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, which is greater than EUHI.DE's maximum drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and EUHI.DE.
Loading charts...
Drawdown Indicators
| EUNW.DE | EUHI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -21.68% | -3.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.85% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -3.28% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -12.64% | -2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.12% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -2.41% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.64% | +0.03% |
Volatility
EUNW.DE vs. EUHI.DE - Volatility Comparison
iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) has a higher volatility of 0.79% compared to PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.DE) at 0.67%. This indicates that EUNW.DE's price experiences larger fluctuations and is considered to be riskier than EUHI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUNW.DE | EUHI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.67% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.38% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 2.83% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 4.50% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 6.21% | +0.37% |
EUNW.DE vs. EUHI.DE - Expense Ratio Comparison
Both EUNW.DE and EUHI.DE have an expense ratio of 0.50%.
Dividends
EUNW.DE vs. EUHI.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, more than EUHI.DE's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 4.40% | 4.47% | 4.75% | 4.15% | 3.10% | 2.54% | 2.61% | 2.59% | 2.03% | 0.17% | 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 EUHI.DE have a correlation of 0.76, 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 EUHI.DE have the same expense ratio: 0.50% per year.
EUNW.DE tracks iBoxx® EUR Liquid High Yield, while EUHI.DE tracks BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained. They also come from different issuers: iShares and PIMCO.
Find the right allocation for EUNW.DE and EUHI.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer