HIGH.L vs. EUNW.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE).

HIGH.L and EUNW.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIGH.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Pan Euro HY Euro TR EUR. It was launched on Sep 21, 2017. EUNW.DE is a passively managed fund by iShares that tracks the performance of the iBoxx® EUR Liquid High Yield. It was launched on Sep 3, 2010. Both HIGH.L and EUNW.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

HIGH.L vs. EUNW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE). The values are adjusted to include any dividend payments, if applicable.

HIGH.L vs. EUNW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)	-0.95%	4.81%	5.78%	11.51%	-9.32%	2.82%	1.10%	9.76%	-3.46%	0.37%
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)	-1.08%	5.00%	5.90%	11.26%	-9.36%	2.93%	1.06%	9.87%	-3.52%	0.28%

Returns By Period

In the year-to-date period, HIGH.L achieves a -0.95% return, which is significantly higher than EUNW.DE's -1.08% return.

HIGH.L

• 1D: 1.18%
• 1M: -0.95%
• YTD: -0.95%
• 6M: -0.23%
• 1Y: 3.20%
• 3Y*: 5.87%
• 5Y*: 2.41%
• 10Y*: —

EUNW.DE

• 1D: 1.02%
• 1M: -0.96%
• YTD: -1.08%
• 6M: -0.14%
• 1Y: 3.18%
• 3Y*: 5.85%
• 5Y*: 2.41%
• 10Y*: 3.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIGH.L vs. EUNW.DE - Expense Ratio Comparison

Both HIGH.L and EUNW.DE have an expense ratio of 0.50%.

HIGH.L

iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)

EUNW.DE

iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)

Return for Risk

HIGH.L vs. EUNW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIGH.L

HIGH.L Risk / Return Rank: 41
HIGH.L Sharpe Ratio Rank: 42
HIGH.L Sortino Ratio Rank: 40
HIGH.L Omega Ratio Rank: 40
HIGH.L Calmar Ratio Rank: 39
HIGH.L Martin Ratio Rank: 44

EUNW.DE

EUNW.DE Risk / Return Rank: 43
EUNW.DE Sharpe Ratio Rank: 43
EUNW.DE Sortino Ratio Rank: 41
EUNW.DE Omega Ratio Rank: 42
EUNW.DE Calmar Ratio Rank: 42
EUNW.DE Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIGH.L vs. EUNW.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 (Acc) (HIGH.L) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.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.

	HIGH.L	EUNW.DE	Difference
Sharpe ratio Return per unit of total volatility	0.82	0.84	-0.03
Sortino ratio Return per unit of downside risk	1.20	1.22	-0.02
Omega ratio Gain probability vs. loss probability	1.17	1.17	-0.01
Calmar ratio Return relative to maximum drawdown	1.08	1.18	-0.10
Martin ratio Return relative to average drawdown	4.48	4.92	-0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIGH.L vs. EUNW.DE - Sharpe Ratio Comparison

The current HIGH.L Sharpe Ratio is 0.82, which is comparable to the EUNW.DE Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of HIGH.L and EUNW.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HIGH.L	EUNW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	0.84	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.46	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.45	-0.11

Correlation

The correlation between HIGH.L and EUNW.DE is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HIGH.L vs. EUNW.DE - Dividend Comparison

HIGH.L has not paid dividends to shareholders, while EUNW.DE's dividend yield for the trailing twelve months is around 5.27%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (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%
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)	5.27%	5.45%	6.09%	5.41%	3.70%	3.07%	3.67%	3.75%	3.68%	3.78%	4.03%	4.59%

Drawdowns

HIGH.L vs. EUNW.DE - Drawdown Comparison

The maximum HIGH.L drawdown since its inception was -25.42%, roughly equal to the maximum EUNW.DE drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for HIGH.L and EUNW.DE.

Drawdown Indicators

	HIGH.L	EUNW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-25.42%	-25.47%	+0.05%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	-2.83%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-14.64%	-14.79%	+0.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.47%	—
Current Drawdown Current decline from peak	-1.60%	-1.51%	-0.09%
Average Drawdown Average peak-to-trough decline	-2.77%	-2.33%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	0.68%	+0.01%

Volatility

HIGH.L vs. EUNW.DE - Volatility Comparison

iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) have volatilities of 2.06% and 1.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIGH.L	EUNW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	1.98%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.61%	2.46%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.90%	3.76%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.27%	5.20%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.19%	6.56%	+0.63%