IS3L.DE vs. EUED.DE
IS3L.DE (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) and EUED.DE (iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist)) are both Ultrashort Bond funds from iShares - IS3L.DE tracks the iBoxx USD Liquid Investment Grade Ultrashort Index while EUED.DE tracks the iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 5 years, IS3L.DE returned 4.53%/yr vs 2.15%/yr for EUED.DE. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.09% expense ratio.
Performance
IS3L.DE vs. EUED.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3L.DE achieves a 4.85% return, which is significantly higher than EUED.DE's 1.15% return.
IS3L.DE
- 1D
- 0.07%
- 1M
- 1.79%
- 6M
- 4.65%
- YTD
- 4.85%
- 1Y
- 7.12%
- 3Y*
- 3.43%
- 5Y*
- 4.53%
- 10Y*
- 2.44%
EUED.DE
- 1D
- 0.00%
- 1M
- 0.37%
- 6M
- 1.15%
- YTD
- 1.15%
- 1Y
- 2.18%
- 3Y*
- 3.35%
- 5Y*
- 2.15%
- 10Y*
- —
IS3L.DE vs. EUED.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.85% | -7.06% | 11.88% | 1.83% | 7.62% | 8.58% | -8.34% |
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 1.15% | 2.56% | 4.11% | 3.40% | -0.40% | -0.20% | 0.51% |
Correlation
The correlation between IS3L.DE and EUED.DE is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2020 | -0.06 |
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Return for Risk
IS3L.DE vs. EUED.DE — Risk / Return Rank
IS3L.DE
EUED.DE
IS3L.DE vs. EUED.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) and iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.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.
| IS3L.DE | EUED.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.43 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 10.92 | -8.78 |
| Martin ratioReturn relative to average drawdown | 5.14 | 24.27 | -19.13 |
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Drawdowns
IS3L.DE vs. EUED.DE - Drawdown Comparison
The maximum IS3L.DE drawdown since its inception was -28.17%, which is greater than EUED.DE's maximum drawdown of -3.54%. Use the drawdown chart below to compare losses from any high point for IS3L.DE and EUED.DE.
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Drawdown Indicators
| IS3L.DE | EUED.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.17% | -3.54% | -24.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -0.20% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -11.38% | -0.39% | -10.99% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | -1.20% | -10.18% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | — | — |
Current DrawdownCurrent decline from peak | -4.88% | 0.00% | -4.88% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -0.73% | -8.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.09% | +1.29% |
Volatility
IS3L.DE vs. EUED.DE - Volatility Comparison
iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) has a higher volatility of 1.60% compared to iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) at 0.28%. This indicates that IS3L.DE's price experiences larger fluctuations and is considered to be riskier than EUED.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3L.DE | EUED.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 0.28% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.05% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 1.55% | +4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.42% | 1.65% | +5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.54% | 2.52% | +8.02% |
IS3L.DE vs. EUED.DE - Expense Ratio Comparison
Both IS3L.DE and EUED.DE have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IS3L.DE vs. EUED.DE - Dividend Comparison
IS3L.DE's dividend yield for the trailing twelve months is around 4.25%, more than EUED.DE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 2.36% | 2.74% | 3.86% | 2.75% | 0.00% | 0.00% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.25% | 4.74% | 5.44% | 5.05% | 1.59% | 0.47% | 1.64% | 2.71% | 2.19% | 1.45% | 0.97% | 0.72% |
Frequently Asked Questions
IS3L.DE and EUED.DE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS3L.DE and EUED.DE have the same expense ratio: 0.09% per year.
IS3L.DE tracks iBoxx USD Liquid Investment Grade Ultrashort Index, while EUED.DE tracks iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index.
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