USHY.MI vs. EUNL.DE
USHY.MI (Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - USHY.MI is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate High Yield SRI Sustainable index, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, USHY.MI returned 3.99%/yr vs 12.89%/yr for EUNL.DE. At a 0.42 correlation, their price movements are largely independent. USHY.MI charges 0.25%/yr vs 0.20%/yr for EUNL.DE.
Performance
USHY.MI vs. EUNL.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 lower than EUNL.DE's 10.86% 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*
- —
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
USHY.MI vs. EUNL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 2.58% | -4.75% | 14.46% | 7.63% | -7.29% | 11.41% | -4.63% | 15.22% | 1.24% | -7.41% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 5.90% |
Correlation
The correlation between USHY.MI and EUNL.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2017 | 0.42 |
The correlation between USHY.MI and EUNL.DE shifts across timeframes, from 0.27 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USHY.MI vs. EUNL.DE — Risk / Return Rank
USHY.MI
EUNL.DE
USHY.MI vs. EUNL.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 Core MSCI World UCITS ETF USD (Acc) (EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.40 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.64 | -1.94 |
| Martin ratioReturn relative to average drawdown | 4.56 | 14.52 | -9.96 |
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 | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 2.12 | -1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.90 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.82 | -0.48 |
Drawdowns
USHY.MI vs. EUNL.DE - Drawdown Comparison
The maximum USHY.MI drawdown since its inception was -22.33%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for USHY.MI and EUNL.DE.
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Drawdown Indicators
| USHY.MI | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.33% | -33.63% | +11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -6.50% | +3.35% |
Max Drawdown (3Y)Largest decline over 3 years | -11.75% | -21.73% | +9.98% |
Max Drawdown (5Y)Largest decline over 5 years | -11.75% | -21.73% | +9.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -4.41% | -0.31% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -4.25% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 1.64% | +4.83% |
Volatility
USHY.MI vs. EUNL.DE - Volatility Comparison
The current volatility for Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) is 1.11%, while iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) has a volatility of 2.62%. This indicates that USHY.MI experiences smaller price fluctuations and is considered to be less risky than EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 2.62% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 7.72% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 11.16% | -4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 14.17% | -5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.02% | 15.17% | -5.15% |
USHY.MI vs. EUNL.DE - Expense Ratio Comparison
USHY.MI has a 0.25% expense ratio, which is higher than EUNL.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
USHY.MI vs. EUNL.DE - Dividend Comparison
USHY.MI's dividend yield for the trailing twelve months is around 4.90%, while EUNL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 EUNL.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNL.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for USHY.MI.
USHY.MI is categorized as Corporate Bonds, while EUNL.DE is Global Equities. USHY.MI tracks Bloomberg MSCI US Corporate High Yield SRI Sustainable index, while EUNL.DE tracks MSCI World Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for USHY.MI and 0.20% for EUNL.DE.
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