IS3K.DE vs. EUNW.DE
IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - IS3K.DE is a High Yield Bonds fund tracking the iBoxx® USD Liquid High Yield 0-5 Capped, 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, IS3K.DE returned 4.08%/yr vs 3.10%/yr for EUNW.DE. At a 0.23 correlation, their price movements are largely independent. IS3K.DE charges 0.45%/yr vs 0.50%/yr for EUNW.DE.
Performance
IS3K.DE vs. EUNW.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 EUNW.DE's 0.85% return. Over the past 10 years, IS3K.DE has outperformed EUNW.DE with an annualized return of 4.08%, while EUNW.DE has yielded a comparatively lower 3.10% annualized return.
IS3K.DE
- 1D
- 0.04%
- 1M
- 1.25%
- YTD
- 2.62%
- 6M
- 1.46%
- 1Y
- 4.16%
- 3Y*
- 4.06%
- 5Y*
- 4.97%
- 10Y*
- 4.08%
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 0.85%
- 6M
- 1.40%
- 1Y
- 3.33%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
IS3K.DE vs. EUNW.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% | -9.09% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 2.93% | 1.06% | 9.87% | -3.52% | 4.59% |
Correlation
The correlation between IS3K.DE and EUNW.DE is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014 | 0.23 |
Over the past year, the correlation between IS3K.DE and EUNW.DE has dropped to 0.00 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.
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Return for Risk
IS3K.DE vs. EUNW.DE — Risk / Return Rank
IS3K.DE
EUNW.DE
IS3K.DE vs. EUNW.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 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.
| IS3K.DE | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.12 | +0.17 |
| Martin ratioReturn relative to average drawdown | 3.43 | 4.73 | -1.29 |
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 | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.96 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.50 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.47 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.47 | +0.09 |
Drawdowns
IS3K.DE vs. EUNW.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -17.93%, smaller than the maximum EUNW.DE drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and EUNW.DE.
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Drawdown Indicators
| IS3K.DE | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -25.47% | +7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.83% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -3.80% | -7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -14.79% | +3.54% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | -25.47% | +7.54% |
Current DrawdownCurrent decline from peak | -4.57% | -0.10% | -4.47% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -2.31% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.67% | +0.49% |
Volatility
IS3K.DE vs. EUNW.DE - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) has a higher volatility of 0.85% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) at 0.79%. This indicates that IS3K.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
| IS3K.DE | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.79% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 2.86% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 3.30% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 5.25% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 6.58% | +1.27% |
IS3K.DE vs. EUNW.DE - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is lower than EUNW.DE's 0.50% expense ratio.
Dividends
IS3K.DE vs. EUNW.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 7.13%, more than EUNW.DE's 5.17% yield.
| 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) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
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 EUNW.DE have a correlation of 0.00, 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 EUNW.DE.
IS3K.DE is categorized as High Yield Bonds, while EUNW.DE is European High Yield Bonds. IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped, while EUNW.DE tracks iBoxx® EUR Liquid High Yield. Their fees differ too: 0.45% for IS3K.DE and 0.50% for EUNW.DE.
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