GB1E.DE vs. IS3K.DE
Compare and contrast key facts about Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) and iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE).
GB1E.DE and IS3K.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GB1E.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. It was launched on Apr 12, 2023. IS3K.DE is a passively managed fund by iShares that tracks the performance of the iBoxx® USD Liquid High Yield 0-5 Capped. It was launched on Oct 15, 2013. Both GB1E.DE and IS3K.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GB1E.DE vs. IS3K.DE - Performance Comparison
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GB1E.DE vs. IS3K.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | -1.32% | 5.84% | 5.89% | 6.21% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 1.80% | -4.31% | 12.26% | 4.54% |
Returns By Period
In the year-to-date period, GB1E.DE achieves a -1.32% return, which is significantly lower than IS3K.DE's 1.80% return.
GB1E.DE
- 1D
- 0.46%
- 1M
- -1.32%
- YTD
- -1.32%
- 6M
- -0.58%
- 1Y
- 3.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS3K.DE
- 1D
- -13.27%
- 1M
- -0.10%
- YTD
- 1.80%
- 6M
- 1.95%
- 1Y
- -0.73%
- 3Y*
- 4.33%
- 5Y*
- 4.32%
- 10Y*
- 4.32%
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GB1E.DE vs. IS3K.DE - Expense Ratio Comparison
GB1E.DE has a 0.30% expense ratio, which is lower than IS3K.DE's 0.45% expense ratio.
Return for Risk
GB1E.DE vs. IS3K.DE — Risk / Return Rank
GB1E.DE
IS3K.DE
GB1E.DE vs. IS3K.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.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.
| GB1E.DE | IS3K.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | -0.03 | +0.80 |
Sortino ratioReturn per unit of downside risk | 1.07 | 0.11 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.03 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.15 | +0.92 |
Martin ratioReturn relative to average drawdown | 4.50 | 0.86 | +3.65 |
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
| GB1E.DE | IS3K.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | -0.03 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.46 | +0.87 |
Correlation
The correlation between GB1E.DE and IS3K.DE is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GB1E.DE vs. IS3K.DE - Dividend Comparison
GB1E.DE has not paid dividends to shareholders, while IS3K.DE's dividend yield for the trailing twelve months is around 7.18%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg 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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.18% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
Drawdowns
GB1E.DE vs. IS3K.DE - Drawdown Comparison
The maximum GB1E.DE drawdown since its inception was -4.31%, smaller than the maximum IS3K.DE drawdown of -17.93%. Use the drawdown chart below to compare losses from any high point for GB1E.DE and IS3K.DE.
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Drawdown Indicators
| GB1E.DE | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.31% | -17.93% | +13.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -13.27% | +9.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.93% | — |
Current DrawdownCurrent decline from peak | -2.24% | -13.27% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -4.50% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 2.26% | -1.52% |
Volatility
GB1E.DE vs. IS3K.DE - Volatility Comparison
The current volatility for Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) is 1.96%, while iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) has a volatility of 20.94%. This indicates that GB1E.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
| GB1E.DE | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 20.94% | -18.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 20.87% | -18.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 21.99% | -17.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.17% | 11.62% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 10.22% | -6.05% |