EUNW.DE vs. IS3N.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, EUNW.DE returned 3.10%/yr vs 10.00%/yr for IS3N.DE. A 0.51 correlation means they provide meaningful diversification when combined. EUNW.DE charges 0.50%/yr vs 0.18%/yr for IS3N.DE.
Performance
EUNW.DE vs. IS3N.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 lower than IS3N.DE's 25.82% return. Over the past 10 years, EUNW.DE has underperformed IS3N.DE with an annualized return of 3.10%, while IS3N.DE has yielded a comparatively higher 10.00% 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%
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
EUNW.DE vs. IS3N.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% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 7.07% | 21.01% | -11.06% | 20.43% |
Correlation
The correlation between EUNW.DE and IS3N.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014 | 0.51 |
The correlation between EUNW.DE and IS3N.DE has been stable across timeframes, ranging from 0.47 to 0.57 - a consistent structural relationship.
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Return for Risk
EUNW.DE vs. IS3N.DE — Risk / Return Rank
EUNW.DE
IS3N.DE
EUNW.DE vs. IS3N.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 MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.49 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 4.42 | -3.30 |
| Martin ratioReturn relative to average drawdown | 4.73 | 16.00 | -11.28 |
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 | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.69 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.53 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.55 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.44 | +0.03 |
Drawdowns
EUNW.DE vs. IS3N.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and IS3N.DE.
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Drawdown Indicators
| EUNW.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -35.06% | +9.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -10.52% | +7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -19.17% | +15.37% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -22.01% | +7.22% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | -32.51% | +7.04% |
Current DrawdownCurrent decline from peak | -0.10% | -2.49% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -9.30% | +6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.91% | -2.24% |
Volatility
EUNW.DE vs. IS3N.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 MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that EUNW.DE experiences smaller price fluctuations and is considered to be less risky than IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 7.16% | -6.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 14.69% | -11.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 17.32% | -14.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 16.19% | -10.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 18.04% | -11.46% |
EUNW.DE vs. IS3N.DE - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
EUNW.DE vs. IS3N.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, while IS3N.DE has not paid dividends to shareholders.
| 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% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNW.DE and IS3N.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE is categorized as European High Yield Bonds, while IS3N.DE is Emerging Markets Equities. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). Their fees differ too: 0.50% for EUNW.DE and 0.18% for IS3N.DE.
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