IS3C.DE vs. USHY.MI
IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) and USHY.MI (Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist) are both exchange-traded funds - IS3C.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core (EUR Hedged), while USHY.MI is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate High Yield SRI Sustainable index. Both are passively managed. Over the past 5 years, IS3C.DE returned -3.40%/yr vs 3.99%/yr for USHY.MI. At a 0.14 correlation, their price movements are largely independent. IS3C.DE charges 0.50%/yr vs 0.25%/yr for USHY.MI.
Performance
IS3C.DE vs. USHY.MI - 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 USHY.MI's 2.58% 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%
USHY.MI
- 1D
- -0.05%
- 1M
- 1.05%
- YTD
- 2.58%
- 6M
- 1.09%
- 1Y
- 4.27%
- 3Y*
- 5.14%
- 5Y*
- 3.99%
- 10Y*
- —
IS3C.DE vs. USHY.MI - 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% | 5.31% |
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 IS3C.DE and USHY.MI is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2017 | 0.14 |
The correlation between IS3C.DE and USHY.MI shifts across timeframes, from -0.04 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3C.DE vs. USHY.MI — Risk / Return Rank
IS3C.DE
USHY.MI
IS3C.DE vs. USHY.MI - 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 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.
| IS3C.DE | USHY.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.70 | -1.22 |
| Martin ratioReturn relative to average drawdown | 1.52 | 4.56 | -3.04 |
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 | USHY.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.84 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.53 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.34 | -0.33 |
Drawdowns
IS3C.DE vs. USHY.MI - Drawdown Comparison
The maximum IS3C.DE drawdown since its inception was -30.78%, 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 IS3C.DE and USHY.MI.
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Drawdown Indicators
| IS3C.DE | USHY.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.78% | -22.33% | -8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.62% | -3.15% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -11.75% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -30.47% | -11.75% | -18.72% |
Max Drawdown (10Y)Largest decline over 10 years | -30.78% | — | — |
Current DrawdownCurrent decline from peak | -17.90% | -4.41% | -13.49% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -4.97% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 6.47% | -4.68% |
Volatility
IS3C.DE vs. USHY.MI - 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 Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) at 1.11%. This indicates that IS3C.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
| IS3C.DE | USHY.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 1.11% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 4.06% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 6.38% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 8.53% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.30% | 10.02% | -0.72% |
IS3C.DE vs. USHY.MI - Expense Ratio Comparison
IS3C.DE has a 0.50% expense ratio, which is higher than USHY.MI's 0.25% expense ratio.
Dividends
IS3C.DE vs. USHY.MI - Dividend Comparison
IS3C.DE has not paid dividends to shareholders, while USHY.MI's dividend yield for the trailing twelve months is around 4.90%.
| 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% |
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
IS3C.DE and USHY.MI have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USHY.MI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USHY.MI is cheaper with a 0.25% expense ratio, compared with 0.50% for IS3C.DE.
IS3C.DE is categorized as Emerging Markets Bonds, while USHY.MI is Corporate Bonds. IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged), 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: 0.50% for IS3C.DE and 0.25% for USHY.MI.
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