EUNW.DE vs. EUN5.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while EUN5.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond. Both are passively managed. Over the past 10 years, EUNW.DE returned 3.10%/yr vs 1.02%/yr for EUN5.DE. At a 0.46 correlation, their price movements are largely independent. EUNW.DE charges 0.50%/yr vs 0.20%/yr for EUN5.DE.
Performance
EUNW.DE vs. EUN5.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 EUN5.DE's 0.53% return. Over the past 10 years, EUNW.DE has outperformed EUN5.DE with an annualized return of 3.10%, while EUN5.DE has yielded a comparatively lower 1.02% 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%
EUN5.DE
- 1D
- 0.05%
- 1M
- 0.36%
- YTD
- 0.53%
- 6M
- 0.49%
- 1Y
- 2.22%
- 3Y*
- 4.59%
- 5Y*
- 0.06%
- 10Y*
- 1.02%
EUNW.DE vs. EUN5.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% |
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 0.53% | 3.02% | 4.38% | 7.49% | -13.40% | -1.05% | 2.58% | 6.31% | -1.47% | 2.15% |
Correlation
The correlation between EUNW.DE and EUN5.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014 | 0.46 |
The correlation between EUNW.DE and EUN5.DE shifts across timeframes, from 0.46 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUNW.DE vs. EUN5.DE — Risk / Return Rank
EUNW.DE
EUN5.DE
EUNW.DE vs. EUN5.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 iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.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 | EUN5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.11 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.69 | +0.43 |
| Martin ratioReturn relative to average drawdown | 4.73 | 2.40 | +2.33 |
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 | EUN5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.57 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.01 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.22 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.47 | 0.00 |
Drawdowns
EUNW.DE vs. EUN5.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, which is greater than EUN5.DE's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and EUN5.DE.
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Drawdown Indicators
| EUNW.DE | EUN5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -17.31% | -8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.71% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -2.71% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -17.31% | +2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | -17.31% | -8.16% |
Current DrawdownCurrent decline from peak | -0.10% | -1.08% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -3.15% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.78% | -0.11% |
Volatility
EUNW.DE vs. EUN5.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.79%, while iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) has a volatility of 1.08%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than EUN5.DE 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 | EUN5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.08% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.86% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 3.27% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 4.49% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 4.55% | +2.03% |
EUNW.DE vs. EUN5.DE - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than EUN5.DE's 0.20% expense ratio.
Dividends
EUNW.DE vs. EUN5.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, more than EUN5.DE's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
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 EUN5.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN5.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN5.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE is categorized as European High Yield Bonds, while EUN5.DE is European Corporate Bonds. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while EUN5.DE tracks Bloomberg Euro Corporate Bond. Their fees differ too: 0.50% for EUNW.DE and 0.20% for EUN5.DE.
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