IBCD.DE vs. USHY.MI
IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) and USHY.MI (Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist) are both Corporate Bonds funds - IBCD.DE tracks the iBoxx® USD Liquid Investment Grade while USHY.MI tracks the Bloomberg MSCI US Corporate High Yield SRI Sustainable index. Both are passively managed. Over the past 5 years, IBCD.DE returned 0.50%/yr vs 3.99%/yr for USHY.MI. A 0.52 correlation means they provide meaningful diversification when combined. IBCD.DE charges 0.20%/yr vs 0.25%/yr for USHY.MI.
Performance
IBCD.DE vs. USHY.MI - Performance Comparison
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Returns By Period
In the year-to-date period, IBCD.DE achieves a 1.30% return, which is significantly lower than USHY.MI's 2.58% return.
IBCD.DE
- 1D
- 0.20%
- 1M
- 1.19%
- YTD
- 1.30%
- 6M
- 0.27%
- 1Y
- 3.27%
- 3Y*
- 1.65%
- 5Y*
- 0.50%
- 10Y*
- 1.88%
USHY.MI
- 1D
- -0.05%
- 1M
- 1.19%
- YTD
- 2.58%
- 6M
- 1.09%
- 1Y
- 4.14%
- 3Y*
- 5.14%
- 5Y*
- 3.99%
- 10Y*
- —
IBCD.DE vs. USHY.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 1.30% | -4.58% | 6.33% | 4.97% | -12.66% | 6.14% | 0.35% | 20.25% | -0.24% | -6.01% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 2.58% | -4.75% | 14.46% | 7.63% | -7.29% | 11.41% | -4.63% | 15.22% | 1.24% | -7.41% |
Correlation
The correlation between IBCD.DE and USHY.MI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2017 | 0.52 |
The correlation between IBCD.DE and USHY.MI has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
IBCD.DE vs. USHY.MI — Risk / Return Rank
IBCD.DE
USHY.MI
IBCD.DE vs. USHY.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) and Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI). 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.
| IBCD.DE | USHY.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.17 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.70 | -0.96 |
| Martin ratioReturn relative to average drawdown | 1.78 | 4.56 | -2.78 |
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
| IBCD.DE | USHY.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.84 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.53 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.34 | -0.18 |
Drawdowns
IBCD.DE vs. USHY.MI - Drawdown Comparison
The maximum IBCD.DE drawdown since its inception was -41.86%, which is greater than USHY.MI's maximum drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for IBCD.DE and USHY.MI.
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Drawdown Indicators
| IBCD.DE | USHY.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -22.33% | -19.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -3.15% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -11.75% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -11.75% | -5.37% |
Max Drawdown (10Y)Largest decline over 10 years | -17.51% | — | — |
Current DrawdownCurrent decline from peak | -7.49% | -4.41% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -4.97% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 6.47% | -4.82% |
Volatility
IBCD.DE vs. USHY.MI - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) has a higher volatility of 1.33% compared to Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) at 1.11%. This indicates that IBCD.DE's price experiences larger fluctuations and is considered to be riskier than USHY.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCD.DE | USHY.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.11% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.06% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 6.38% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 8.53% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 10.02% | -0.95% |
IBCD.DE vs. USHY.MI - Expense Ratio Comparison
IBCD.DE has a 0.20% expense ratio, which is lower than USHY.MI's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBCD.DE vs. USHY.MI - Dividend Comparison
IBCD.DE's dividend yield for the trailing twelve months is around 4.24%, less than USHY.MI's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 4.24% | 4.39% | 4.52% | 4.34% | 3.60% | 2.21% | 2.56% | 3.06% | 3.09% | 3.02% | 2.97% | 3.00% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 4.90% | 5.03% | 3.29% | 5.61% | 5.95% | 5.86% | 6.17% | 5.53% | 4.73% | 3.61% | 0.00% | 0.00% |
Frequently Asked Questions
IBCD.DE and USHY.MI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCD.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for USHY.MI.
IBCD.DE tracks iBoxx® USD Liquid Investment Grade, while USHY.MI tracks Bloomberg MSCI US Corporate High Yield SRI Sustainable index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IBCD.DE and 0.25% for USHY.MI.
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