IS3C.DE vs. IS3K.DE
IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) and IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - IS3C.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core (EUR Hedged), while IS3K.DE is a High Yield Bonds fund tracking the iBoxx® USD Liquid High Yield 0-5 Capped. Both are passively managed. Over the past 10 years, IS3C.DE returned -0.58%/yr vs 4.08%/yr for IS3K.DE. At a 0.08 correlation, their price movements are largely independent. IS3C.DE charges 0.50%/yr vs 0.45%/yr for IS3K.DE.
Performance
IS3C.DE vs. IS3K.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3C.DE achieves a -1.63% return, which is significantly lower than IS3K.DE's 2.62% return. Over the past 10 years, IS3C.DE has underperformed IS3K.DE with an annualized return of -0.58%, while IS3K.DE has yielded a comparatively higher 4.08% annualized return.
IS3C.DE
- 1D
- 0.23%
- 1M
- 0.40%
- YTD
- -1.63%
- 6M
- -1.60%
- 1Y
- 2.73%
- 3Y*
- 2.01%
- 5Y*
- -3.40%
- 10Y*
- -0.58%
IS3K.DE
- 1D
- 0.04%
- 1M
- 1.00%
- YTD
- 2.62%
- 6M
- 1.77%
- 1Y
- 4.00%
- 3Y*
- 4.06%
- 5Y*
- 4.97%
- 10Y*
- 4.08%
IS3C.DE vs. IS3K.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | -1.63% | 5.32% | -1.72% | 5.39% | -20.57% | -3.53% | 3.22% | 12.58% | -8.60% | 7.87% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.62% | -4.31% | 12.26% | 4.68% | 1.95% | 12.07% | -6.16% | 11.71% | 4.17% | -9.09% |
Correlation
The correlation between IS3C.DE and IS3K.DE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.08 |
The correlation between IS3C.DE and IS3K.DE shifts across timeframes, from -0.14 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3C.DE vs. IS3K.DE — Risk / Return Rank
IS3C.DE
IS3K.DE
IS3C.DE vs. IS3K.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.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.
| IS3C.DE | IS3K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.12 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.29 | -0.80 |
| Martin ratioReturn relative to average drawdown | 1.52 | 3.43 | -1.92 |
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
| IS3C.DE | IS3K.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.69 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.69 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | 0.52 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.56 | -0.56 |
Drawdowns
IS3C.DE vs. IS3K.DE - Drawdown Comparison
The maximum IS3C.DE drawdown since its inception was -30.78%, which is greater than IS3K.DE's maximum drawdown of -17.93%. Use the drawdown chart below to compare losses from any high point for IS3C.DE and IS3K.DE.
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Drawdown Indicators
| IS3C.DE | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -17.93% | -12.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.62% | -3.09% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -11.25% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -30.47% | -11.25% | -19.22% |
Max Drawdown (10Y)Largest decline over 10 years | -30.78% | -17.93% | -12.85% |
Current DrawdownCurrent decline from peak | -17.90% | -4.57% | -13.33% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -4.51% | -4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.16% | +0.63% |
Volatility
IS3C.DE vs. IS3K.DE - Volatility Comparison
iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a higher volatility of 2.10% compared to iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) at 0.85%. This indicates that IS3C.DE's price experiences larger fluctuations and is considered to be riskier 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
| IS3C.DE | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 0.85% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 3.84% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 5.81% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 7.15% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.30% | 7.85% | +1.45% |
IS3C.DE vs. IS3K.DE - Expense Ratio Comparison
IS3C.DE has a 0.50% expense ratio, which is higher than IS3K.DE's 0.45% expense ratio.
Dividends
IS3C.DE vs. IS3K.DE - Dividend Comparison
IS3C.DE has not paid dividends to shareholders, while IS3K.DE's dividend yield for the trailing twelve months is around 7.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.00% | 0.00% | 0.00% | 3.58% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.13% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
Frequently Asked Questions
IS3C.DE and IS3K.DE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3K.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3K.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for IS3C.DE.
IS3C.DE is categorized as Emerging Markets Bonds, while IS3K.DE is High Yield Bonds. IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped. Their fees differ too: 0.50% for IS3C.DE and 0.45% for IS3K.DE.
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