EUNW.DE vs. IS3K.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while IS3K.DE is a High Yield Bonds fund tracking the iBoxx® USD Liquid High Yield 0-5 Capped. Both are passively managed. Over the past 10 years, EUNW.DE returned 3.36%/yr vs 4.69%/yr for IS3K.DE. At a 0.23 correlation, their price movements are largely independent. EUNW.DE charges 0.50%/yr vs 0.45%/yr for IS3K.DE.
Performance
EUNW.DE vs. IS3K.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 IS3K.DE's 5.32% return. Over the past 10 years, EUNW.DE has underperformed IS3K.DE with an annualized return of 3.36%, while IS3K.DE has yielded a comparatively higher 4.69% 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%
IS3K.DE
- 1D
- -0.28%
- 1M
- 2.50%
- YTD
- 5.32%
- 6M
- 5.64%
- 1Y
- 8.56%
- 3Y*
- 6.28%
- 5Y*
- 5.58%
- 10Y*
- 4.69%
EUNW.DE vs. IS3K.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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 5.32% | -3.41% | 12.68% | 5.21% | 2.20% | 12.74% | -5.49% | 12.34% | 4.89% | -8.47% |
Correlation
The correlation between EUNW.DE and IS3K.DE is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2013 | 0.23 |
The correlation between EUNW.DE and IS3K.DE shifts across timeframes, from -0.01 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUNW.DE vs. IS3K.DE — Risk / Return Rank
EUNW.DE
IS3K.DE
EUNW.DE vs. IS3K.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 Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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 | IS3K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.76 | -1.39 |
| Martin ratioReturn relative to average drawdown | 5.74 | 8.97 | -3.23 |
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Drawdowns
EUNW.DE vs. IS3K.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, smaller than the maximum IS3K.DE drawdown of -27.02%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and IS3K.DE.
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Drawdown Indicators
| EUNW.DE | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -27.02% | +1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.09% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -11.25% | +7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -11.25% | -3.54% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | -17.93% | -7.54% |
Current DrawdownCurrent decline from peak | -0.09% | -1.14% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -6.53% | +4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.95% | -0.27% |
Volatility
EUNW.DE vs. IS3K.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 Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) has a volatility of 1.31%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than IS3K.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 | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 1.31% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 3.85% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 5.72% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 7.10% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.55% | 7.82% | -1.27% |
EUNW.DE vs. IS3K.DE - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than IS3K.DE's 0.45% expense ratio.
Dividends
EUNW.DE vs. IS3K.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 6.49%, less than IS3K.DE's 6.60% 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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 6.60% | 6.65% | 6.31% | 5.70% | 4.36% | 4.12% | 5.05% | 5.26% | 5.48% | 5.68% | 5.57% | 5.05% |
Frequently Asked Questions
EUNW.DE and IS3K.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3K.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3K.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE is categorized as European High Yield Bonds, while IS3K.DE is High Yield Bonds. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped. Their fees differ too: 0.50% for EUNW.DE and 0.45% for IS3K.DE.
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