MEU.MI vs. USHY.MI

Last updated Apr 2, 2026

Compare and contrast key facts about Amundi MSCI Europe II UCITS ETF (MEU.MI) and Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI).

MEU.MI and USHY.MI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MEU.MI is a passively managed fund by Amundi that tracks the performance of the MSCI Europe index. It was launched on Jan 9, 2006. USHY.MI is a passively managed fund by Amundi that tracks the performance of the Bloomberg MSCI US Corporate High Yield SRI Sustainable index. It was launched on Feb 19, 2024. Both MEU.MI and USHY.MI 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

MEU.MI vs. USHY.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI Europe II UCITS ETF (MEU.MI) and Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI). The values are adjusted to include any dividend payments, if applicable.

MEU.MI vs. USHY.MI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEU.MI Amundi MSCI Europe II UCITS ETF	1.10%	20.93%	8.17%	15.92%	-9.82%	25.20%	-3.35%	26.91%	-10.49%	8.26%
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist	1.09%	-4.75%	14.46%	7.63%	-7.29%	11.41%	-4.63%	15.22%	1.24%	-7.41%

Returns By Period

The year-to-date returns for both stocks are quite close, with MEU.MI having a 1.10% return and USHY.MI slightly lower at 1.09%.

MEU.MI

• 1D: 2.63%
• 1M: -3.87%
• YTD: 1.10%
• 6M: 6.52%
• 1Y: 13.22%
• 3Y*: 12.07%
• 5Y*: 9.75%
• 10Y*: 8.86%

USHY.MI

• 1D: -0.25%
• 1M: -0.05%
• YTD: 1.09%
• 6M: 1.16%
• 1Y: -1.18%
• 3Y*: 5.26%
• 5Y*: 3.18%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MEU.MI vs. USHY.MI - Expense Ratio Comparison

Both MEU.MI and USHY.MI have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

MEU.MI

Amundi MSCI Europe II UCITS ETF

USHY.MI

Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist

Return for Risk

MEU.MI vs. USHY.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MEU.MI

MEU.MI Risk / Return Rank: 41
MEU.MI Sharpe Ratio Rank: 43
MEU.MI Sortino Ratio Rank: 39
MEU.MI Omega Ratio Rank: 44
MEU.MI Calmar Ratio Rank: 36
MEU.MI Martin Ratio Rank: 42

USHY.MI

USHY.MI Risk / Return Rank: 7
USHY.MI Sharpe Ratio Rank: 9
USHY.MI Sortino Ratio Rank: 8
USHY.MI Omega Ratio Rank: 7
USHY.MI Calmar Ratio Rank: 7
USHY.MI Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MEU.MI vs. USHY.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe II UCITS ETF (MEU.MI) 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.

	MEU.MI	USHY.MI	Difference
Sharpe ratio Return per unit of total volatility	0.86	-0.17	+1.03
Sortino ratio Return per unit of downside risk	1.19	-0.16	+1.35
Omega ratio Gain probability vs. loss probability	1.18	0.98	+0.21
Calmar ratio Return relative to maximum drawdown	1.06	-0.32	+1.39
Martin ratio Return relative to average drawdown	4.47	-0.60	+5.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEU.MI vs. USHY.MI - Sharpe Ratio Comparison

The current MEU.MI Sharpe Ratio is 0.86, which is higher than the USHY.MI Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of MEU.MI and USHY.MI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MEU.MI	USHY.MI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	-0.17	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.42	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.32	-0.02

Correlation

The correlation between MEU.MI and USHY.MI is 0.25, 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

MEU.MI vs. USHY.MI - Dividend Comparison

MEU.MI has not paid dividends to shareholders, while USHY.MI's dividend yield for the trailing twelve months is around 4.98%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEU.MI Amundi MSCI Europe II UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.70%	3.28%	3.78%	3.10%	3.37%	3.53%
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist	4.98%	5.03%	3.29%	5.61%	5.95%	5.86%	6.17%	5.53%	4.73%	3.61%	0.00%	0.00%

Drawdowns

MEU.MI vs. USHY.MI - Drawdown Comparison

The maximum MEU.MI drawdown since its inception was -58.23%, which is greater than USHY.MI's maximum drawdown of -22.33%. Use the drawdown chart below to compare losses from any high point for MEU.MI and USHY.MI.

Drawdown Indicators

	MEU.MI	USHY.MI	Difference
Max Drawdown Largest peak-to-trough decline	-58.23%	-22.33%	-35.90%
Max Drawdown (1Y) Largest decline over 1 year	-12.43%	-7.12%	-5.31%
Max Drawdown (5Y) Largest decline over 5 years	-19.66%	-11.75%	-7.91%
Max Drawdown (10Y) Largest decline over 10 years	-35.18%	—	—
Current Drawdown Current decline from peak	-5.57%	-5.80%	+0.23%
Average Drawdown Average peak-to-trough decline	-11.91%	-4.96%	-6.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	6.31%	-3.35%

Volatility

MEU.MI vs. USHY.MI - Volatility Comparison

Amundi MSCI Europe II UCITS ETF (MEU.MI) has a higher volatility of 5.85% compared to Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) at 1.81%. This indicates that MEU.MI's price experiences larger fluctuations and is considered to be riskier than USHY.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEU.MI	USHY.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	1.81%	+4.04%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	4.80%	+4.47%
Volatility (1Y) Calculated over the trailing 1-year period	15.32%	9.27%	+6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.20%	8.56%	+5.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.54%	10.12%	+5.42%