UDHY.DE vs. EUNA.DE
UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - UDHY.DE is a High Yield Bonds fund tracking the ICE BofAML US High Yield Constrained, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 3 years, UDHY.DE returned 3.98%/yr vs 2.28%/yr for EUNA.DE. At a 0.12 correlation, their price movements are largely independent. UDHY.DE charges 0.20%/yr vs 0.10%/yr for EUNA.DE.
Performance
UDHY.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UDHY.DE achieves a -1.14% return, which is significantly lower than EUNA.DE's -0.46% return.
UDHY.DE
- 1D
- 0.01%
- 1M
- 1.21%
- YTD
- -1.14%
- 6M
- -1.88%
- 1Y
- 0.71%
- 3Y*
- 3.98%
- 5Y*
- —
- 10Y*
- —
EUNA.DE
- 1D
- 0.22%
- 1M
- -0.12%
- YTD
- -0.46%
- 6M
- -0.07%
- 1Y
- 1.32%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
UDHY.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | -1.14% | -3.92% | 13.24% | 8.32% | -4.04% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -7.31% |
Correlation
The correlation between UDHY.DE and EUNA.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.12 |
The correlation between UDHY.DE and EUNA.DE shifts across timeframes, from -0.03 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UDHY.DE vs. EUNA.DE — Risk / Return Rank
UDHY.DE
EUNA.DE
UDHY.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) and iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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.
| UDHY.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.06 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.43 | -0.34 |
| Martin ratioReturn relative to average drawdown | 0.19 | 1.18 | -0.99 |
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
| UDHY.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 0.34 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.05 | +0.39 |
Drawdowns
UDHY.DE vs. EUNA.DE - Drawdown Comparison
The maximum UDHY.DE drawdown since its inception was -12.23%, smaller than the maximum EUNA.DE drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for UDHY.DE and EUNA.DE.
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Drawdown Indicators
| UDHY.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -17.79% | +5.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -2.75% | -3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -12.23% | -4.02% | -8.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.03% | — |
Current DrawdownCurrent decline from peak | -7.76% | -8.66% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -6.76% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 0.99% | +1.68% |
Volatility
UDHY.DE vs. EUNA.DE - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) is 0.99%, while iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) has a volatility of 1.35%. This indicates that UDHY.DE experiences smaller price fluctuations and is considered to be less risky than EUNA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDHY.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.35% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 2.82% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.32% | 3.46% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 4.64% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 4.27% | +3.77% |
UDHY.DE vs. EUNA.DE - Expense Ratio Comparison
UDHY.DE has a 0.20% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UDHY.DE vs. EUNA.DE - Dividend Comparison
UDHY.DE's dividend yield for the trailing twelve months is around 4.67%, while EUNA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 4.67% | 7.37% | 6.63% | 5.74% | 1.63% |
Frequently Asked Questions
UDHY.DE and EUNA.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for UDHY.DE.
UDHY.DE is categorized as High Yield Bonds, while EUNA.DE is Global Bonds. UDHY.DE tracks ICE BofAML US High Yield Constrained, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.20% for UDHY.DE and 0.10% for EUNA.DE.
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