UDHY.DE vs. UEEF.DE
UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds from iShares - UDHY.DE tracks the ICE BofAML US High Yield Constrained while UEEF.DE tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Both are passively managed. Over the past 3 years, UDHY.DE returned 5.72%/yr vs 6.52%/yr for UEEF.DE. At a 0.24 correlation, their price movements are largely independent. UDHY.DE charges 0.20%/yr vs 0.27%/yr for UEEF.DE.
Performance
UDHY.DE vs. UEEF.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UDHY.DE achieves a 1.13% return, which is significantly higher than UEEF.DE's 0.70% return.
UDHY.DE
- 1D
- 0.00%
- 1M
- 2.04%
- 6M
- 0.92%
- YTD
- 1.13%
- 1Y
- 4.75%
- 3Y*
- 5.72%
- 5Y*
- —
- 10Y*
- —
UEEF.DE
- 1D
- -0.17%
- 1M
- 0.52%
- 6M
- 0.87%
- YTD
- 0.70%
- 1Y
- 3.21%
- 3Y*
- 6.52%
- 5Y*
- 1.44%
- 10Y*
- —
UDHY.DE vs. UEEF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.13% | -3.31% | 14.00% | 9.01% | -3.77% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -8.32% |
Correlation
The correlation between UDHY.DE and UEEF.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UDHY.DE vs. UEEF.DE — Risk / Return Rank
UDHY.DE
UEEF.DE
UDHY.DE vs. UEEF.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 $ 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.
| UDHY.DE | UEEF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.15 | -0.89 |
| Martin ratioReturn relative to average drawdown | 0.38 | 4.84 | -4.46 |
Loading charts...
Drawdowns
UDHY.DE vs. UEEF.DE - Drawdown Comparison
The maximum UDHY.DE drawdown since its inception was -18.01%, roughly equal to the maximum UEEF.DE drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for UDHY.DE and UEEF.DE.
Loading charts...
Drawdown Indicators
| UDHY.DE | UEEF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -17.83% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -18.01% | -2.77% | -15.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.01% | -5.10% | -12.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.83% | — |
Current DrawdownCurrent decline from peak | -13.03% | -0.17% | -12.86% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -4.89% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.42% | 0.65% | +11.77% |
Volatility
UDHY.DE vs. UEEF.DE - Volatility Comparison
iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) has a higher volatility of 1.53% compared to iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) at 1.20%. This indicates that UDHY.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.
Loading charts...
Volatility by Period
| UDHY.DE | UEEF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.20% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | 3.80% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.23% | 4.53% | +17.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 7.11% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.04% | 6.78% | +6.26% |
UDHY.DE vs. UEEF.DE - Expense Ratio Comparison
UDHY.DE has a 0.20% expense ratio, which is lower than UEEF.DE's 0.27% expense ratio. Despite the difference, 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. UEEF.DE - Dividend Comparison
UDHY.DE's dividend yield for the trailing twelve months is around 5.34%, while UEEF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 5.34% | 8.01% | 7.25% | 6.34% | 1.63% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UDHY.DE and UEEF.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UDHY.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UDHY.DE is cheaper with a 0.20% expense ratio, compared with 0.27% for UEEF.DE.
UDHY.DE tracks ICE BofAML US High Yield Constrained, while UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Their fees differ too: 0.20% for UDHY.DE and 0.27% for UEEF.DE.
Find the right allocation for UDHY.DE and UEEF.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer