IS3K.DE vs. IS0R.DE
IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and IS0R.DE (iShares USD High Yield Corporate Bond UCITS ETF USD (Dist)) are both High Yield Bonds funds from iShares - IS3K.DE tracks the iBoxx® USD Liquid High Yield 0-5 Capped while IS0R.DE tracks the iBoxx® USD Liquid High Yield Capped. Both are passively managed. Over the past 10 years, IS3K.DE returned 4.08%/yr vs 4.79%/yr for IS0R.DE. Their correlation of 0.94 suggests significant overlap in exposure. IS3K.DE charges 0.45%/yr vs 0.50%/yr for IS0R.DE.
Performance
IS3K.DE vs. IS0R.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 IS0R.DE's 2.44% return. Over the past 10 years, IS3K.DE has underperformed IS0R.DE with an annualized return of 4.08%, while IS0R.DE has yielded a comparatively higher 4.79% annualized 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%
IS0R.DE
- 1D
- 0.10%
- 1M
- 1.07%
- YTD
- 2.44%
- 6M
- 2.00%
- 1Y
- 5.17%
- 3Y*
- 5.34%
- 5Y*
- 4.94%
- 10Y*
- 4.79%
IS3K.DE vs. IS0R.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% |
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 2.44% | -2.53% | 12.70% | 6.99% | -3.38% | 12.70% | -4.57% | 16.09% | 2.76% | -7.28% |
Correlation
The correlation between IS3K.DE and IS0R.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2014 | 0.94 |
The correlation between IS3K.DE and IS0R.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
IS3K.DE vs. IS0R.DE — Risk / Return Rank
IS3K.DE
IS0R.DE
IS3K.DE vs. IS0R.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 USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.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 | IS0R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.65 | -0.37 |
| Martin ratioReturn relative to average drawdown | 3.43 | 5.16 | -1.73 |
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 | IS0R.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.92 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.64 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.54 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.49 | +0.07 |
Drawdowns
IS3K.DE vs. IS0R.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -17.93%, smaller than the maximum IS0R.DE drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and IS0R.DE.
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Drawdown Indicators
| IS3K.DE | IS0R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -22.05% | +4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -3.11% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -11.44% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -11.44% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | -22.05% | +4.12% |
Current DrawdownCurrent decline from peak | -4.57% | -3.26% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -4.74% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.00% | +0.16% |
Volatility
IS3K.DE vs. IS0R.DE - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) and iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE) have volatilities of 0.85% and 0.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3K.DE | IS0R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.84% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 3.65% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.59% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 7.66% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 8.84% | -0.99% |
IS3K.DE vs. IS0R.DE - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is lower than IS0R.DE's 0.50% expense ratio.
Dividends
IS3K.DE vs. IS0R.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 7.13%, more than IS0R.DE's 6.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 6.21% | 6.34% | 6.27% | 5.74% | 4.94% | 4.18% | 5.22% | 5.46% | 5.65% | 5.88% | 5.32% | 6.00% |
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
With a correlation of 0.91, IS3K.DE and IS0R.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 IS0R.DE.
IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped, while IS0R.DE tracks iBoxx® USD Liquid High Yield Capped. Their fees differ too: 0.45% for IS3K.DE and 0.50% for IS0R.DE.
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