EUNW.DE vs. IEF
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and IEF (iShares 7-10 Year Treasury Bond ETF) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 10 years, EUNW.DE returned 3.10%/yr vs 0.46%/yr for IEF. At a correlation of -0.06, they often move in opposite directions. EUNW.DE charges 0.50%/yr vs 0.15%/yr for IEF.
Performance
EUNW.DE vs. IEF - Performance Comparison
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Different Trading Currencies
EUNW.DE is traded in EUR, while IEF is traded in USD. To make them comparable, the IEF values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with EUNW.DE having a 0.85% return and IEF slightly higher at 0.88%. Over the past 10 years, EUNW.DE has outperformed IEF with an annualized return of 3.10%, while IEF has yielded a comparatively lower 0.46% 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%
IEF
- 1D
- 0.27%
- 1M
- 0.83%
- YTD
- 0.88%
- 6M
- -0.02%
- 1Y
- 2.51%
- 3Y*
- -0.19%
- 5Y*
- -0.14%
- 10Y*
- 0.46%
EUNW.DE vs. IEF - 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% |
IEF iShares 7-10 Year Treasury Bond ETF | 0.88% | -4.79% | 5.92% | 0.53% | -9.90% | 3.90% | 0.94% | 10.47% | 5.73% | -10.05% |
Correlation
The correlation between EUNW.DE and IEF is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014 | -0.06 |
The correlation between EUNW.DE and IEF shifts across timeframes, from -0.09 (10 years) to 0.07 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNW.DE vs. IEF — Risk / Return Rank
EUNW.DE
IEF
EUNW.DE vs. IEF - 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 7-10 Year Treasury Bond ETF (IEF). 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 | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.08 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.50 | +0.63 |
| Martin ratioReturn relative to average drawdown | 4.73 | 1.42 | +3.30 |
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 | IEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.41 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | -0.02 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.05 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.36 | +0.11 |
Drawdowns
EUNW.DE vs. IEF - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, which is greater than IEF's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and IEF.
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Drawdown Indicators
| EUNW.DE | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -21.59% | -3.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -5.08% | +2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -11.07% | +7.27% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -15.81% | +1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | -21.59% | -3.88% |
Current DrawdownCurrent decline from peak | -0.10% | -16.41% | +16.31% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -9.56% | +7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.77% | -1.10% |
Volatility
EUNW.DE vs. IEF - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.79%, while iShares 7-10 Year Treasury Bond ETF (IEF) has a volatility of 1.04%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than IEF 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 | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.04% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 4.61% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 6.14% | -2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 9.18% | -3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 8.75% | -2.17% |
EUNW.DE vs. IEF - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than IEF's 0.15% expense ratio.
Dividends
EUNW.DE vs. IEF - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, more than IEF's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.92% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Frequently Asked Questions
EUNW.DE and IEF have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEF is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEF is cheaper with a 0.15% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE is categorized as European High Yield Bonds, while IEF is Government Bonds. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while IEF tracks ICE U.S. Treasury 7-10 Year Bond Index. Their fees differ too: 0.50% for EUNW.DE and 0.15% for IEF.
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