EUNW.DE vs. IS0R.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and IS0R.DE (iShares USD High Yield Corporate Bond UCITS ETF USD (Dist)) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while IS0R.DE is a High Yield Bonds fund tracking the iBoxx® USD Liquid High Yield Capped. Both are passively managed. Over the past 10 years, EUNW.DE returned 3.36%/yr vs 4.84%/yr for IS0R.DE. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
EUNW.DE vs. IS0R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNW.DE achieves a 1.38% return, which is significantly lower than IS0R.DE's 4.85% return. Over the past 10 years, EUNW.DE has underperformed IS0R.DE with an annualized return of 3.36%, while IS0R.DE has yielded a comparatively higher 4.84% annualized return.
EUNW.DE
- 1D
- 0.09%
- 1M
- 0.85%
- YTD
- 1.38%
- 6M
- 1.52%
- 1Y
- 3.93%
- 3Y*
- 6.60%
- 5Y*
- 2.74%
- 10Y*
- 3.36%
IS0R.DE
- 1D
- -0.29%
- 1M
- 2.48%
- YTD
- 4.85%
- 6M
- 5.13%
- 1Y
- 8.36%
- 3Y*
- 7.00%
- 5Y*
- 4.89%
- 10Y*
- 4.84%
EUNW.DE vs. IS0R.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) | 1.38% | 4.99% | 5.90% | 11.26% | -9.37% | 2.92% | 1.07% | 9.86% | -3.52% | 4.59% |
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 4.85% | -2.53% | 12.69% | 6.98% | -3.50% | 12.85% | -4.57% | 16.09% | 2.76% | -7.28% |
Correlation
The correlation between EUNW.DE and IS0R.DE is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | 0.33 |
Over the past year, the correlation between EUNW.DE and IS0R.DE has dropped to 0.10 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
EUNW.DE vs. IS0R.DE — Risk / Return Rank
EUNW.DE
IS0R.DE
EUNW.DE vs. IS0R.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 USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUNW.DE | IS0R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.68 | -1.31 |
| Martin ratioReturn relative to average drawdown | 5.74 | 8.91 | -3.17 |
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Drawdowns
EUNW.DE vs. IS0R.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, which is greater than IS0R.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and IS0R.DE.
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Drawdown Indicators
| EUNW.DE | IS0R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -23.27% | -2.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.11% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -11.43% | +7.63% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -11.43% | -3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | -22.05% | -3.42% |
Current DrawdownCurrent decline from peak | -0.09% | -0.98% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -6.73% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.94% | -0.26% |
Volatility
EUNW.DE vs. IS0R.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.63%, while iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE) has a volatility of 1.30%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than IS0R.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 | IS0R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 1.30% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 3.68% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 5.63% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 7.63% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.55% | 8.82% | -2.27% |
EUNW.DE vs. IS0R.DE - Expense Ratio Comparison
Both EUNW.DE and IS0R.DE have an expense ratio of 0.50%.
Dividends
EUNW.DE vs. IS0R.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 6.49%, more than IS0R.DE's 6.08% 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) | 6.49% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 6.08% | 6.34% | 6.26% | 5.74% | 4.94% | 4.18% | 5.22% | 5.46% | 5.65% | 5.88% | 5.32% | 6.02% |
Frequently Asked Questions
EUNW.DE and IS0R.DE have a correlation of 0.10, 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 IS0R.DE have the same expense ratio: 0.50% per year.
EUNW.DE is categorized as European High Yield Bonds, while IS0R.DE is High Yield Bonds. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while IS0R.DE tracks iBoxx® USD Liquid High Yield Capped.
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