USHY.MI vs. 36BE.DE
USHY.MI (Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist) and 36BE.DE (iShares USD Corporate Bond ESG UCITS ETF Dist) are both Corporate Bonds funds - USHY.MI tracks the Bloomberg MSCI US Corporate High Yield SRI Sustainable index while 36BE.DE tracks the Bloomberg MSCI US Corporate Sustainable SRI. Both are passively managed. Over the past 5 years, USHY.MI returned 3.99%/yr vs 1.56%/yr for 36BE.DE. A 0.58 correlation means they provide meaningful diversification when combined. USHY.MI charges 0.25%/yr vs 0.15%/yr for 36BE.DE.
Performance
USHY.MI vs. 36BE.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 36BE.DE's 1.37% return.
USHY.MI
- 1D
- -0.05%
- 1M
- 1.05%
- YTD
- 2.58%
- 6M
- 1.09%
- 1Y
- 4.27%
- 3Y*
- 5.14%
- 5Y*
- 3.99%
- 10Y*
- —
36BE.DE
- 1D
- 0.13%
- 1M
- 1.14%
- YTD
- 1.37%
- 6M
- 0.78%
- 1Y
- 3.23%
- 3Y*
- 2.22%
- 5Y*
- 1.56%
- 10Y*
- —
USHY.MI vs. 36BE.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% | -1.47% |
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 1.37% | -4.25% | 7.93% | 4.49% | -9.70% | 7.28% | -3.86% |
Correlation
The correlation between USHY.MI and 36BE.DE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2020 | 0.58 |
The correlation between USHY.MI and 36BE.DE has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.
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Return for Risk
USHY.MI vs. 36BE.DE — Risk / Return Rank
USHY.MI
36BE.DE
USHY.MI vs. 36BE.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 UCITS ETF Dist (36BE.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 | 36BE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.10 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.97 | +0.73 |
| Martin ratioReturn relative to average drawdown | 4.56 | 2.49 | +2.07 |
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 | 36BE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.57 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.19 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.03 | +0.30 |
Drawdowns
USHY.MI vs. 36BE.DE - Drawdown Comparison
The maximum USHY.MI drawdown since its inception was -22.33%, which is greater than 36BE.DE's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for USHY.MI and 36BE.DE.
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Drawdown Indicators
| USHY.MI | 36BE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.33% | -12.76% | -9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -3.31% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.75% | -11.21% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -11.75% | -12.76% | +1.01% |
Current DrawdownCurrent decline from peak | -4.41% | -5.56% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -5.98% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 1.29% | +5.18% |
Volatility
USHY.MI vs. 36BE.DE - Volatility Comparison
Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) has a higher volatility of 1.11% compared to iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.DE) at 0.99%. This indicates that USHY.MI's price experiences larger fluctuations and is considered to be riskier than 36BE.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 | 36BE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.99% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 3.90% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 5.65% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 8.11% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.02% | 8.79% | +1.23% |
USHY.MI vs. 36BE.DE - Expense Ratio Comparison
USHY.MI has a 0.25% expense ratio, which is higher than 36BE.DE's 0.15% 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. 36BE.DE - Dividend Comparison
USHY.MI's dividend yield for the trailing twelve months is around 4.90%, which matches 36BE.DE's 4.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 4.92% | 4.92% | 4.68% | 4.24% | 2.85% | 2.47% | 1.43% | 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 36BE.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BE.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for USHY.MI.
USHY.MI tracks Bloomberg MSCI US Corporate High Yield SRI Sustainable index, while 36BE.DE tracks Bloomberg MSCI US Corporate Sustainable SRI. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for USHY.MI and 0.15% for 36BE.DE.
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