UEEF.DE vs. UDHY.DE
UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) and UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) 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 UDHY.DE tracks the ICE BofAML US High Yield Constrained. Both are passively managed. Over the past 3 years, UEEF.DE returned 6.52%/yr vs 5.72%/yr for UDHY.DE. At a 0.24 correlation, their price movements are largely independent. UEEF.DE charges 0.27%/yr vs 0.20%/yr for UDHY.DE.
Performance
UEEF.DE vs. UDHY.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 UDHY.DE's 1.13% 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*
- —
UDHY.DE
- 1D
- 0.00%
- 1M
- 2.04%
- 6M
- 0.92%
- YTD
- 1.13%
- 1Y
- 4.75%
- 3Y*
- 5.72%
- 5Y*
- —
- 10Y*
- —
UEEF.DE vs. UDHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -8.32% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.13% | -3.31% | 14.00% | 9.01% | -3.77% |
Correlation
The correlation between UEEF.DE and UDHY.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 |
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Return for Risk
UEEF.DE vs. UDHY.DE — Risk / Return Rank
UEEF.DE
UDHY.DE
UEEF.DE vs. UDHY.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 Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.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 | UDHY.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 | 1.14 | 1.15 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.26 | +0.89 |
| Martin ratioReturn relative to average drawdown | 4.84 | 0.38 | +4.46 |
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Drawdowns
UEEF.DE vs. UDHY.DE - Drawdown Comparison
The maximum UEEF.DE drawdown since its inception was -17.83%, roughly equal to the maximum UDHY.DE drawdown of -18.01%. Use the drawdown chart below to compare losses from any high point for UEEF.DE and UDHY.DE.
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Drawdown Indicators
| UEEF.DE | UDHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.83% | -18.01% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -18.01% | +15.24% |
Max Drawdown (3Y)Largest decline over 3 years | -5.10% | -18.01% | +12.91% |
Max Drawdown (5Y)Largest decline over 5 years | -17.83% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -13.03% | +12.86% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -5.86% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 12.42% | -11.77% |
Volatility
UEEF.DE vs. UDHY.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 Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) has a volatility of 1.53%. This indicates that UEEF.DE experiences smaller price fluctuations and is considered to be less risky than UDHY.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 | UDHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.53% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 4.85% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 22.23% | -17.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.11% | 13.04% | -5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 13.04% | -6.26% |
UEEF.DE vs. UDHY.DE - Expense Ratio Comparison
UEEF.DE has a 0.27% expense ratio, which is higher than UDHY.DE's 0.20% 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
UEEF.DE vs. UDHY.DE - Dividend Comparison
UEEF.DE has not paid dividends to shareholders, while UDHY.DE's dividend yield for the trailing twelve months is around 5.34%.
| 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
UEEF.DE and UDHY.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.
UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged), while UDHY.DE tracks ICE BofAML US High Yield Constrained. Their fees differ too: 0.27% for UEEF.DE and 0.20% for UDHY.DE.
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