UEEF.DE vs. IS3K.DE
UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) and IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds from iShares - UEEF.DE tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged) while IS3K.DE tracks the iBoxx® USD Liquid High Yield 0-5 Capped. Both are passively managed. Over the past 5 years, UEEF.DE returned 1.44%/yr vs 5.30%/yr for IS3K.DE. At a 0.17 correlation, their price movements are largely independent. UEEF.DE charges 0.27%/yr vs 0.45%/yr for IS3K.DE.
Performance
UEEF.DE vs. IS3K.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEF.DE achieves a 0.70% return, which is significantly lower than IS3K.DE's 5.02% return.
UEEF.DE
- 1D
- -0.17%
- 1M
- 0.52%
- 6M
- 0.87%
- YTD
- 0.70%
- 1Y
- 3.21%
- 3Y*
- 6.52%
- 5Y*
- 1.44%
- 10Y*
- —
IS3K.DE
- 1D
- 0.00%
- 1M
- 2.14%
- 6M
- 4.83%
- YTD
- 5.02%
- 1Y
- 8.83%
- 3Y*
- 5.91%
- 5Y*
- 5.30%
- 10Y*
- 4.57%
UEEF.DE vs. IS3K.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -14.58% | 3.04% | 5.20% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 5.02% | -3.41% | 12.68% | 5.21% | 2.20% | 12.74% | 0.90% |
Correlation
The correlation between UEEF.DE and IS3K.DE is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.17 |
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Return for Risk
UEEF.DE vs. IS3K.DE — Risk / Return Rank
UEEF.DE
IS3K.DE
UEEF.DE vs. IS3K.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) and iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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.
| UEEF.DE | IS3K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.28 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.85 | -1.69 |
| Martin ratioReturn relative to average drawdown | 4.84 | 9.23 | -4.39 |
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Drawdowns
UEEF.DE vs. IS3K.DE - Drawdown Comparison
The maximum UEEF.DE drawdown since its inception was -17.83%, smaller than the maximum IS3K.DE drawdown of -27.02%. Use the drawdown chart below to compare losses from any high point for UEEF.DE and IS3K.DE.
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Drawdown Indicators
| UEEF.DE | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.83% | -27.02% | +9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -3.09% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -5.10% | -11.25% | +6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -17.83% | -11.25% | -6.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.93% | — |
Current DrawdownCurrent decline from peak | -0.17% | -1.41% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -6.52% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.95% | -0.30% |
Volatility
UEEF.DE vs. IS3K.DE - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) is 1.20%, while iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) has a volatility of 1.43%. This indicates that UEEF.DE experiences smaller price fluctuations and is considered to be less risky than IS3K.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEEF.DE | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.43% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.80% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 5.71% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.11% | 7.09% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 7.82% | -1.04% |
UEEF.DE vs. IS3K.DE - Expense Ratio Comparison
UEEF.DE has a 0.27% expense ratio, which is lower than IS3K.DE's 0.45% expense ratio.
Dividends
UEEF.DE vs. IS3K.DE - Dividend Comparison
UEEF.DE has not paid dividends to shareholders, while IS3K.DE's dividend yield for the trailing twelve months is around 6.62%.
| 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 | 6.62% | 6.65% | 6.31% | 5.70% | 4.36% | 4.12% | 5.05% | 5.26% | 5.48% | 5.68% | 5.57% | 5.05% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UEEF.DE and IS3K.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEF.DE is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEF.DE is cheaper with a 0.27% expense ratio, compared with 0.45% for IS3K.DE.
UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged), while IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped. Their fees differ too: 0.27% for UEEF.DE and 0.45% for IS3K.DE.
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