USHY.MI vs. 36BA.DE
USHY.MI (Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist) and 36BA.DE (iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)) are both Corporate Bonds funds - USHY.MI tracks the Bloomberg MSCI US Corporate High Yield SRI Sustainable index while 36BA.DE tracks the Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged). Both are passively managed. Over the past 5 years, USHY.MI returned 3.99%/yr vs -1.61%/yr for 36BA.DE. At a 0.09 correlation, their price movements are largely independent. USHY.MI charges 0.25%/yr vs 0.17%/yr for 36BA.DE.
Performance
USHY.MI vs. 36BA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, USHY.MI achieves a 2.58% return, which is significantly higher than 36BA.DE's -0.71% return.
USHY.MI
- 1D
- -0.05%
- 1M
- 1.19%
- YTD
- 2.58%
- 6M
- 1.09%
- 1Y
- 4.14%
- 3Y*
- 5.14%
- 5Y*
- 3.99%
- 10Y*
- —
36BA.DE
- 1D
- 0.27%
- 1M
- -0.26%
- YTD
- -0.71%
- 6M
- -0.32%
- 1Y
- 2.95%
- 3Y*
- 2.93%
- 5Y*
- -1.61%
- 10Y*
- —
USHY.MI vs. 36BA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 2.58% | -4.75% | 14.46% | 7.63% | -7.29% | 11.41% | 2.16% |
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | -0.71% | 5.40% | 0.20% | 5.45% | -17.07% | -2.51% | 7.23% |
Correlation
The correlation between USHY.MI and 36BA.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 | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 15, 2020 | 0.09 |
The correlation between USHY.MI and 36BA.DE shifts across timeframes, from -0.07 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USHY.MI vs. 36BA.DE — Risk / Return Rank
USHY.MI
36BA.DE
USHY.MI vs. 36BA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) and iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.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.
| USHY.MI | 36BA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.10 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.92 | +0.78 |
| Martin ratioReturn relative to average drawdown | 4.56 | 2.43 | +2.13 |
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
| USHY.MI | 36BA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.59 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | -0.22 | +0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.10 | +0.44 |
Drawdowns
USHY.MI vs. 36BA.DE - Drawdown Comparison
The maximum USHY.MI drawdown since its inception was -22.33%, smaller than the maximum 36BA.DE drawdown of -23.68%. Use the drawdown chart below to compare losses from any high point for USHY.MI and 36BA.DE.
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Drawdown Indicators
| USHY.MI | 36BA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.33% | -23.68% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -3.02% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -11.75% | -6.31% | -5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -11.75% | -23.18% | +11.43% |
Current DrawdownCurrent decline from peak | -4.41% | -10.87% | +6.46% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -11.35% | +6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 1.14% | +5.33% |
Volatility
USHY.MI vs. 36BA.DE - Volatility Comparison
The current volatility for Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) is 1.11%, while iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) has a volatility of 1.83%. This indicates that USHY.MI experiences smaller price fluctuations and is considered to be less risky than 36BA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USHY.MI | 36BA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.83% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 3.63% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 4.67% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 7.09% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.02% | 6.86% | +3.16% |
USHY.MI vs. 36BA.DE - Expense Ratio Comparison
USHY.MI has a 0.25% expense ratio, which is higher than 36BA.DE's 0.17% 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
USHY.MI vs. 36BA.DE - Dividend Comparison
USHY.MI's dividend yield for the trailing twelve months is around 4.90%, less than 36BA.DE's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | 4.95% | 4.73% | 4.75% | 4.15% | 2.94% | 1.76% | 0.87% | 0.00% | 0.00% | 0.00% |
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 4.90% | 5.03% | 3.29% | 5.61% | 5.95% | 5.86% | 6.17% | 5.53% | 4.73% | 3.61% |
Frequently Asked Questions
USHY.MI and 36BA.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, 36BA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BA.DE is cheaper with a 0.17% expense ratio, compared with 0.25% for USHY.MI.
USHY.MI tracks Bloomberg MSCI US Corporate High Yield SRI Sustainable index, while 36BA.DE tracks Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for USHY.MI and 0.17% for 36BA.DE.
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