IS3K.DE vs. GB1E.DE
Compare and contrast key facts about iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE).
IS3K.DE and GB1E.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IS3K.DE is a passively managed fund by iShares that tracks the performance of the iBoxx® USD Liquid High Yield 0-5 Capped. It was launched on Oct 15, 2013. GB1E.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. It was launched on Apr 12, 2023. Both IS3K.DE and GB1E.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IS3K.DE vs. GB1E.DE - Performance Comparison
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IS3K.DE vs. GB1E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 1.80% | -4.31% | 12.26% | 4.54% |
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | -1.32% | 5.84% | 5.89% | 6.21% |
Returns By Period
In the year-to-date period, IS3K.DE achieves a 1.80% return, which is significantly higher than GB1E.DE's -1.32% return.
IS3K.DE
- 1D
- -13.27%
- 1M
- -0.10%
- YTD
- 1.80%
- 6M
- 1.95%
- 1Y
- -0.73%
- 3Y*
- 4.33%
- 5Y*
- 4.32%
- 10Y*
- 4.32%
GB1E.DE
- 1D
- 0.46%
- 1M
- -1.32%
- YTD
- -1.32%
- 6M
- -0.58%
- 1Y
- 3.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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IS3K.DE vs. GB1E.DE - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is higher than GB1E.DE's 0.30% expense ratio.
Return for Risk
IS3K.DE vs. GB1E.DE — Risk / Return Rank
IS3K.DE
GB1E.DE
IS3K.DE vs. GB1E.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 Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.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 | GB1E.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 0.77 | -0.80 |
Sortino ratioReturn per unit of downside risk | 0.11 | 1.07 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.16 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.07 | -0.92 |
Martin ratioReturn relative to average drawdown | 0.86 | 4.50 | -3.65 |
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 | GB1E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.77 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.33 | -0.87 |
Correlation
The correlation between IS3K.DE and GB1E.DE is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IS3K.DE vs. GB1E.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 7.18%, while GB1E.DE has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.18% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg 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% |
Drawdowns
IS3K.DE vs. GB1E.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -17.93%, which is greater than GB1E.DE's maximum drawdown of -4.31%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and GB1E.DE.
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Drawdown Indicators
| IS3K.DE | GB1E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -4.31% | -13.62% |
Max Drawdown (1Y)Largest decline over 1 year | -13.27% | -3.49% | -9.78% |
Max Drawdown (5Y)Largest decline over 5 years | -13.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | — | — |
Current DrawdownCurrent decline from peak | -13.27% | -2.24% | -11.03% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -0.56% | -3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 0.74% | +1.52% |
Volatility
IS3K.DE vs. GB1E.DE - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) has a higher volatility of 20.94% compared to Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) at 1.96%. This indicates that IS3K.DE's price experiences larger fluctuations and is considered to be riskier than GB1E.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 | GB1E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.94% | 1.96% | +18.98% |
Volatility (6M)Calculated over the trailing 6-month period | 20.87% | 2.71% | +18.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.99% | 4.40% | +17.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.62% | 4.17% | +7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.22% | 4.17% | +6.05% |