EUNW.DE vs. XHY1.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and XHY1.DE (Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF) are both European High Yield Bonds funds - EUNW.DE tracks the iBoxx® EUR Liquid High Yield while XHY1.DE tracks the iBoxx® EUR Liquid High Yield 1-3. Both are passively managed. Over the past 10 years, EUNW.DE returned 3.10%/yr vs 2.58%/yr for XHY1.DE. A 0.61 correlation means they provide meaningful diversification when combined. EUNW.DE charges 0.50%/yr vs 0.25%/yr for XHY1.DE.
Performance
EUNW.DE vs. XHY1.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 XHY1.DE's 0.57% return. Over the past 10 years, EUNW.DE has outperformed XHY1.DE with an annualized return of 3.10%, while XHY1.DE has yielded a comparatively lower 2.58% 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%
XHY1.DE
- 1D
- 0.06%
- 1M
- 0.25%
- YTD
- 0.57%
- 6M
- 0.97%
- 1Y
- 3.27%
- 3Y*
- 5.12%
- 5Y*
- 2.77%
- 10Y*
- 2.58%
EUNW.DE vs. XHY1.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% |
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF | 0.57% | 4.80% | 5.09% | 6.88% | -3.97% | 2.51% | 1.30% | 5.63% | -2.54% | 3.45% |
Correlation
The correlation between EUNW.DE and XHY1.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 9, 2015 | 0.61 |
The correlation between EUNW.DE and XHY1.DE shifts across timeframes, from 0.58 (3 years) to 0.70 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNW.DE vs. XHY1.DE — Risk / Return Rank
EUNW.DE
XHY1.DE
EUNW.DE vs. XHY1.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 Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.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 | XHY1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.26 | -1.14 |
| Martin ratioReturn relative to average drawdown | 4.73 | 10.14 | -5.41 |
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 | XHY1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.26 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.62 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.34 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.31 | +0.16 |
Drawdowns
EUNW.DE vs. XHY1.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, roughly equal to the maximum XHY1.DE drawdown of -25.91%. Use the drawdown chart below to compare losses from any high point for EUNW.DE and XHY1.DE.
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Drawdown Indicators
| EUNW.DE | XHY1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -25.91% | +0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -1.43% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -2.78% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -8.53% | -6.26% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | -25.91% | +0.44% |
Current DrawdownCurrent decline from peak | -0.10% | -0.12% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -1.55% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.32% | +0.35% |
Volatility
EUNW.DE vs. XHY1.DE - Volatility Comparison
iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) has a higher volatility of 0.79% compared to Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF (XHY1.DE) at 0.63%. This indicates that EUNW.DE's price experiences larger fluctuations and is considered to be riskier than XHY1.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 | XHY1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.63% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.03% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 2.56% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 4.45% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.58% | 7.54% | -0.96% |
EUNW.DE vs. XHY1.DE - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than XHY1.DE's 0.25% expense ratio.
Dividends
EUNW.DE vs. XHY1.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.17%, more than XHY1.DE's 4.02% 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% |
XHY1.DE Xtrackers iBoxx EUR High Yield Bond 1-3 Swap UCITS ETF | 4.02% | 3.93% | 5.53% | 6.87% | 4.97% | 5.12% | 2.95% | 1.78% | 1.35% | 3.10% | 3.14% | 0.00% |
Frequently Asked Questions
EUNW.DE and XHY1.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHY1.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHY1.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for EUNW.DE.
EUNW.DE tracks iBoxx® EUR Liquid High Yield, while XHY1.DE tracks iBoxx® EUR Liquid High Yield 1-3. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for EUNW.DE and 0.25% for XHY1.DE.
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