IS3K.DE vs. UEEF.DE
IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds from iShares - IS3K.DE tracks the iBoxx® USD Liquid High Yield 0-5 Capped while UEEF.DE tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, IS3K.DE returned 5.27%/yr vs 1.44%/yr for UEEF.DE. At a 0.16 correlation, their price movements are largely independent. IS3K.DE charges 0.45%/yr vs 0.27%/yr for UEEF.DE.
Performance
IS3K.DE vs. UEEF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3K.DE achieves a 4.98% return, which is significantly higher than UEEF.DE's 0.70% return.
IS3K.DE
- 1D
- 0.20%
- 1M
- 1.54%
- 6M
- 3.17%
- YTD
- 4.98%
- 1Y
- 7.70%
- 3Y*
- 6.67%
- 5Y*
- 5.27%
- 10Y*
- 4.40%
UEEF.DE
- 1D
- 0.17%
- 1M
- 0.00%
- 6M
- 0.70%
- YTD
- 0.70%
- 1Y
- 3.95%
- 3Y*
- 6.16%
- 5Y*
- 1.44%
- 10Y*
- —
IS3K.DE vs. UEEF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 4.98% | -3.41% | 12.68% | 5.21% | 2.20% | 12.74% | 0.90% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -14.58% | 3.04% | 5.20% |
Correlation
The correlation between IS3K.DE and UEEF.DE is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.16 |
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Return for Risk
IS3K.DE vs. UEEF.DE — Risk / Return Rank
IS3K.DE
UEEF.DE
IS3K.DE vs. UEEF.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 $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS3K.DE | UEEF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.42 | +1.06 |
| Martin ratioReturn relative to average drawdown | 8.03 | 6.02 | +2.01 |
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Drawdowns
IS3K.DE vs. UEEF.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -27.02%, which is greater than UEEF.DE's maximum drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and UEEF.DE.
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Drawdown Indicators
| IS3K.DE | UEEF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.02% | -17.83% | -9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.77% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -5.10% | -6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -17.83% | +6.58% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -0.17% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -4.87% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.65% | +0.31% |
Volatility
IS3K.DE vs. UEEF.DE - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) has a higher volatility of 1.47% compared to iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) at 0.99%. This indicates that IS3K.DE's price experiences larger fluctuations and is considered to be riskier than UEEF.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 | UEEF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 0.99% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 3.83% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 4.55% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 7.11% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 6.77% | +1.05% |
IS3K.DE vs. UEEF.DE - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is higher than UEEF.DE's 0.27% expense ratio.
Dividends
IS3K.DE vs. UEEF.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 6.63%, while UEEF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 6.63% | 6.65% | 6.31% | 5.70% | 4.36% | 4.12% | 5.05% | 5.26% | 5.48% | 5.68% | 5.57% | 5.05% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI 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% |
Frequently Asked Questions
IS3K.DE and UEEF.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEF.DE is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEF.DE is cheaper with a 0.27% expense ratio, compared with 0.45% for IS3K.DE.
IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped, while UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Their fees differ too: 0.45% for IS3K.DE and 0.27% for UEEF.DE.
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