IS3K.DE vs. EUNA.DE
IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IS3K.DE is a High Yield Bonds fund tracking the iBoxx® USD Liquid High Yield 0-5 Capped, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, IS3K.DE returned 4.97%/yr vs -1.29%/yr for EUNA.DE. At a 0.02 correlation, their price movements are largely independent. IS3K.DE charges 0.45%/yr vs 0.10%/yr for EUNA.DE.
Performance
IS3K.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3K.DE achieves a 2.62% return, which is significantly higher than EUNA.DE's -0.46% return.
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%
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
IS3K.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -1.54% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 5.06% | -1.17% | -0.54% |
Correlation
The correlation between IS3K.DE and EUNA.DE is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.02 |
The correlation between IS3K.DE and EUNA.DE shifts across timeframes, from -0.15 (1 year) to 0.02 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS3K.DE vs. EUNA.DE — Risk / Return Rank
IS3K.DE
EUNA.DE
IS3K.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) and iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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.
| IS3K.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.06 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.43 | +0.86 |
| Martin ratioReturn relative to average drawdown | 3.43 | 1.18 | +2.25 |
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
| IS3K.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.34 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | -0.28 | +0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | -0.05 | +0.61 |
Drawdowns
IS3K.DE vs. EUNA.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -17.93%, roughly equal to the maximum EUNA.DE drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and EUNA.DE.
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Drawdown Indicators
| IS3K.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -17.79% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.75% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -4.02% | -7.23% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -17.03% | +5.78% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | — | — |
Current DrawdownCurrent decline from peak | -4.57% | -8.66% | +4.09% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -6.76% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.99% | +0.17% |
Volatility
IS3K.DE vs. EUNA.DE - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) is 0.85%, while iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) has a volatility of 1.35%. This indicates that IS3K.DE experiences smaller price fluctuations and is considered to be less risky than EUNA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3K.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.35% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 2.82% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 3.46% | +2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 4.64% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 4.27% | +3.58% |
IS3K.DE vs. EUNA.DE - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
IS3K.DE vs. EUNA.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 7.13%, while EUNA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) 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% |
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
IS3K.DE and EUNA.DE have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.45% for IS3K.DE.
IS3K.DE is categorized as High Yield Bonds, while EUNA.DE is Global Bonds. IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.45% for IS3K.DE and 0.10% for EUNA.DE.
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