USHY.MI vs. IS3K.DE
USHY.MI (Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist) and IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - USHY.MI is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate High Yield SRI Sustainable index, while IS3K.DE is a High Yield Bonds fund tracking the iBoxx® USD Liquid High Yield 0-5 Capped. Both are passively managed. Over the past 5 years, USHY.MI returned 3.99%/yr vs 4.97%/yr for IS3K.DE. A 0.72 correlation means they provide meaningful diversification when combined. USHY.MI charges 0.25%/yr vs 0.45%/yr for IS3K.DE.
Performance
USHY.MI vs. IS3K.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with USHY.MI having a 2.58% return and IS3K.DE slightly higher at 2.62%.
USHY.MI
- 1D
- -0.05%
- 1M
- 1.19%
- YTD
- 2.58%
- 6M
- 1.09%
- 1Y
- 4.14%
- 3Y*
- 5.14%
- 5Y*
- 3.99%
- 10Y*
- —
IS3K.DE
- 1D
- 0.04%
- 1M
- 1.25%
- YTD
- 2.62%
- 6M
- 1.46%
- 1Y
- 4.16%
- 3Y*
- 4.06%
- 5Y*
- 4.97%
- 10Y*
- 4.08%
USHY.MI vs. IS3K.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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.62% | -4.31% | 12.26% | 4.68% | 1.95% | 12.07% | -6.16% | 11.71% | 4.17% | -9.09% |
Correlation
The correlation between USHY.MI and IS3K.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2017 | 0.72 |
The correlation between USHY.MI and IS3K.DE shifts across timeframes, from 0.62 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USHY.MI vs. IS3K.DE — Risk / Return Rank
USHY.MI
IS3K.DE
USHY.MI vs. IS3K.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 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.
| USHY.MI | IS3K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.12 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.29 | +0.41 |
| Martin ratioReturn relative to average drawdown | 4.56 | 3.43 | +1.13 |
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 | IS3K.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.69 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.69 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.56 | -0.22 |
Drawdowns
USHY.MI vs. IS3K.DE - Drawdown Comparison
The maximum USHY.MI drawdown since its inception was -22.33%, which is greater than IS3K.DE's maximum drawdown of -17.93%. Use the drawdown chart below to compare losses from any high point for USHY.MI and IS3K.DE.
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Drawdown Indicators
| USHY.MI | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.33% | -17.93% | -4.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -3.09% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.75% | -11.25% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -11.75% | -11.25% | -0.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.93% | — |
Current DrawdownCurrent decline from peak | -4.41% | -4.57% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -4.51% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 1.16% | +5.31% |
Volatility
USHY.MI vs. IS3K.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 Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) at 0.85%. This indicates that USHY.MI's price experiences larger fluctuations and is considered to be riskier 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
| USHY.MI | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.85% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 3.84% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 5.81% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 7.15% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.02% | 7.85% | +2.17% |
USHY.MI vs. IS3K.DE - Expense Ratio Comparison
USHY.MI has a 0.25% expense ratio, which is lower than IS3K.DE's 0.45% expense ratio.
Dividends
USHY.MI vs. IS3K.DE - Dividend Comparison
USHY.MI's dividend yield for the trailing twelve months is around 4.90%, less than IS3K.DE's 7.13% yield.
| 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 | 7.13% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
USHY.MI and IS3K.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USHY.MI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USHY.MI is cheaper with a 0.25% expense ratio, compared with 0.45% for IS3K.DE.
USHY.MI is categorized as Corporate Bonds, while IS3K.DE is High Yield Bonds. USHY.MI tracks Bloomberg MSCI US Corporate High Yield SRI Sustainable index, while IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for USHY.MI and 0.45% for IS3K.DE.
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