IS3K.DE vs. USHY.MI
IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and USHY.MI (Amundi USD High Yield Corporate Bond ESG UCITS ETF 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 USHY.MI is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate High Yield SRI Sustainable index. Both are passively managed. Over the past 5 years, IS3K.DE returned 4.97%/yr vs 3.99%/yr for USHY.MI. A 0.72 correlation means they provide meaningful diversification when combined. IS3K.DE charges 0.45%/yr vs 0.25%/yr for USHY.MI.
Performance
IS3K.DE vs. USHY.MI - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IS3K.DE having a 2.62% return and USHY.MI slightly lower at 2.58%.
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%
USHY.MI
- 1D
- -0.05%
- 1M
- 1.05%
- YTD
- 2.58%
- 6M
- 1.09%
- 1Y
- 4.27%
- 3Y*
- 5.14%
- 5Y*
- 3.99%
- 10Y*
- —
IS3K.DE vs. USHY.MI - 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% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 2.58% | -4.75% | 14.46% | 7.63% | -7.29% | 11.41% | -4.63% | 15.22% | 1.24% | -7.41% |
Correlation
The correlation between IS3K.DE and USHY.MI is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2017 | 0.72 |
The correlation between IS3K.DE and USHY.MI shifts across timeframes, from 0.62 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS3K.DE vs. USHY.MI — Risk / Return Rank
IS3K.DE
USHY.MI
IS3K.DE vs. USHY.MI - 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 Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI). 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 | USHY.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.70 | -0.41 |
| Martin ratioReturn relative to average drawdown | 3.43 | 4.56 | -1.13 |
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 | USHY.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.84 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.53 | +0.16 |
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 | 0.34 | +0.22 |
Drawdowns
IS3K.DE vs. USHY.MI - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -17.93%, smaller than the maximum USHY.MI drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and USHY.MI.
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Drawdown Indicators
| IS3K.DE | USHY.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -22.33% | +4.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -3.15% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -11.75% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -11.75% | +0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | — | — |
Current DrawdownCurrent decline from peak | -4.57% | -4.41% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -4.97% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 6.47% | -5.31% |
Volatility
IS3K.DE vs. USHY.MI - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) is 0.85%, while Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) has a volatility of 1.11%. This indicates that IS3K.DE experiences smaller price fluctuations and is considered to be less risky than USHY.MI 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 | USHY.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.11% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 4.06% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 6.38% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 8.53% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 10.02% | -2.17% |
IS3K.DE vs. USHY.MI - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is higher than USHY.MI's 0.25% expense ratio.
Dividends
IS3K.DE vs. USHY.MI - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 7.13%, more than USHY.MI's 4.90% yield.
| 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 | 7.13% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 4.90% | 5.03% | 3.29% | 5.61% | 5.95% | 5.86% | 6.17% | 5.53% | 4.73% | 3.61% | 0.00% | 0.00% |
Frequently Asked Questions
IS3K.DE and USHY.MI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USHY.MI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USHY.MI is cheaper with a 0.25% expense ratio, compared with 0.45% for IS3K.DE.
IS3K.DE is categorized as High Yield Bonds, while USHY.MI is Corporate Bonds. IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped, while USHY.MI tracks Bloomberg MSCI US Corporate High Yield SRI Sustainable index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.45% for IS3K.DE and 0.25% for USHY.MI.
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