IS0E.DE vs. EUNW.DE
IS0E.DE (iShares Gold Producers UCITS ETF) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - IS0E.DE is a Precious Metals fund tracking the S&P Commodity Producers Gold, while EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 10 years, IS0E.DE returned 12.85%/yr vs 3.24%/yr for EUNW.DE. At a 0.14 correlation, their price movements are largely independent. IS0E.DE charges 0.55%/yr vs 0.50%/yr for EUNW.DE.
Performance
IS0E.DE vs. EUNW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0E.DE achieves a -7.03% return, which is significantly lower than EUNW.DE's 1.08% return. Over the past 10 years, IS0E.DE has outperformed EUNW.DE with an annualized return of 12.85%, while EUNW.DE has yielded a comparatively lower 3.24% annualized return.
IS0E.DE
- 1D
- 5.81%
- 1M
- -15.57%
- YTD
- -7.03%
- 6M
- -3.86%
- 1Y
- 50.42%
- 3Y*
- 36.13%
- 5Y*
- 18.25%
- 10Y*
- 12.85%
EUNW.DE
- 1D
- 0.34%
- 1M
- 0.71%
- YTD
- 1.08%
- 6M
- 1.74%
- 1Y
- 3.40%
- 3Y*
- 6.20%
- 5Y*
- 2.64%
- 10Y*
- 3.24%
IS0E.DE vs. EUNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0E.DE iShares Gold Producers UCITS ETF | -7.03% | 129.59% | 18.76% | 6.25% | -3.74% | -3.07% | 13.51% | 44.07% | -4.43% | -6.02% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 1.08% | 4.99% | 5.90% | 11.26% | -9.37% | 2.92% | 1.07% | 9.86% | -3.52% | 4.59% |
Correlation
The correlation between IS0E.DE and EUNW.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.14 |
The correlation between IS0E.DE and EUNW.DE shifts across timeframes, from 0.14 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS0E.DE vs. EUNW.DE — Risk / Return Rank
IS0E.DE
EUNW.DE
IS0E.DE vs. EUNW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (IS0E.DE) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS0E.DE | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.18 | +0.35 |
| Martin ratioReturn relative to average drawdown | 4.31 | 4.94 | -0.64 |
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Drawdowns
IS0E.DE vs. EUNW.DE - Drawdown Comparison
The maximum IS0E.DE drawdown since its inception was -82.14%, which is greater than EUNW.DE's maximum drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for IS0E.DE and EUNW.DE.
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Drawdown Indicators
| IS0E.DE | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.14% | -25.47% | -56.67% |
Max Drawdown (1Y)Largest decline over 1 year | -32.80% | -2.86% | -29.94% |
Max Drawdown (3Y)Largest decline over 3 years | -32.80% | -3.80% | -29.00% |
Max Drawdown (5Y)Largest decline over 5 years | -38.05% | -14.79% | -23.26% |
Max Drawdown (10Y)Largest decline over 10 years | -45.61% | -25.47% | -20.14% |
Current DrawdownCurrent decline from peak | -28.30% | 0.00% | -28.30% |
Average DrawdownAverage peak-to-trough decline | -54.08% | -2.06% | -52.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.59% | 0.69% | +10.90% |
Volatility
IS0E.DE vs. EUNW.DE - Volatility Comparison
iShares Gold Producers UCITS ETF (IS0E.DE) has a higher volatility of 14.22% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) at 0.82%. This indicates that IS0E.DE's price experiences larger fluctuations and is considered to be riskier than EUNW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0E.DE | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.22% | 0.82% | +13.40% |
Volatility (6M)Calculated over the trailing 6-month period | 34.38% | 2.96% | +31.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.45% | 3.40% | +39.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.47% | 5.27% | +27.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.12% | 6.57% | +25.55% |
IS0E.DE vs. EUNW.DE - Expense Ratio Comparison
IS0E.DE has a 0.55% expense ratio, which is higher than EUNW.DE's 0.50% expense ratio.
Dividends
IS0E.DE vs. EUNW.DE - Dividend Comparison
IS0E.DE has not paid dividends to shareholders, while EUNW.DE's dividend yield for the trailing twelve months is around 5.16%.
| 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) | 5.16% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
IS0E.DE iShares Gold Producers UCITS ETF | 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
IS0E.DE and EUNW.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNW.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNW.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for IS0E.DE.
IS0E.DE is categorized as Precious Metals, while EUNW.DE is European High Yield Bonds. IS0E.DE tracks S&P Commodity Producers Gold, while EUNW.DE tracks iBoxx® EUR Liquid High Yield. Their fees differ too: 0.55% for IS0E.DE and 0.50% for EUNW.DE.
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