- Issuer
- Invesco
- Inception Date
- Sep 17, 2020
- Category
- European Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
EHBA.DE Performance Chart
Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) is up 1.7% since the beginning of the year. EHBA.DE is currently trading at €46 per share. Investors who bought €1,000 worth of EHBA.DE shares 5 years ago would now be looking at an investment worth €1,102.
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Returns By Period
Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has returned 1.67% so far this year and 3.82% over the past 12 months.
Invesco Euro Corporate Hybrid Bond UCITS ETF Acc
- 1D
- 0.09%
- 1M
- 0.76%
- 6M
- 1.90%
- YTD
- 1.67%
- 1Y
- 3.82%
- 3Y*
- 8.32%
- 5Y*
- 1.96%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
EHBA.DE Monthly Returns History
Based on dividend-adjusted daily data since Sep 17, 2020, EHBA.DE's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Jul 2022 with a return of +8.5%, while the worst month was Jun 2022 at -9.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EHBA.DE closed higher 52% of trading days. The best single day was Oct 4, 2022 with a return of +1.8%, while the worst single day was Jun 29, 2022 at -1.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.70% | 0.22% | -2.68% | 1.39% | 1.70% | 0.67% | -0.28% | 1.67% | |||||
| 2025 | 0.60% | 0.67% | -1.10% | 0.60% | 0.99% | 0.91% | 1.13% | -0.18% | 0.76% | 0.75% | -0.13% | 0.13% | 5.24% |
| 2024 | 1.26% | 0.03% | 1.70% | -0.15% | 0.92% | 0.37% | 1.53% | 1.58% | 1.07% | 0.57% | 0.96% | 0.47% | 10.78% |
| 2023 | 2.47% | -1.15% | -0.06% | -0.03% | 0.53% | 0.33% | 0.96% | -0.03% | 0.11% | 0.03% | 2.48% | 3.48% | 9.40% |
| 2022 | -2.08% | -4.15% | -0.10% | -3.70% | -0.82% | -9.56% | 8.53% | -3.67% | -3.27% | 1.14% | 3.52% | -0.70% | -14.85% |
| 2021 | -0.29% | -0.02% | 0.80% | 0.46% | -0.41% | 0.77% | 0.86% | 0.05% | -0.43% | -0.71% | -0.45% | 0.55% | 1.16% |
Benchmark Metrics
Invesco Euro Corporate Hybrid Bond UCITS ETF Acc has an annualized alpha of 1.19%, beta of 0.09, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since September 17, 2020.
- This ETF participated in 45.61% of S&P 500 Index downside but only 24.67% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.09 may look defensive, but with R2 of 0.09 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.09 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.19%
- Beta
- 0.09
- R²
- 0.09
- Upside Capture
- 24.67%
- Downside Capture
- 45.61%
Expense Ratio
EHBA.DE has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EHBA.DE ranks 28 for risk / return — below 28% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) and compare them to S&P 500 Index.
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.
| EHBA.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.35 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 3.18 | -2.16 |
| Martin ratioReturn relative to average drawdown | 3.64 | 11.76 | -8.13 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Euro Corporate Hybrid Bond UCITS ETF Acc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Euro Corporate Hybrid Bond UCITS ETF Acc was 20.61%, occurring on Oct 21, 2022. Recovery took 499 trading sessions.
The current Invesco Euro Corporate Hybrid Bond UCITS ETF Acc drawdown is 0.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -20.61%Oct 2022 | 1y 2mo | 1y 11mo | 3y 1moAug 2021 - Oct 2024 |
2026 pullback2026 | -3.72%Mar 2026 | 1mo 6d | 3mo 5d | 4mo 11dFeb 2026 - Jun 2026 |
2025 selloff2025 | -2.74%Apr 2025 | 2mo 1d | 1mo 3d | 3mo 4dFeb 2025 - May 2025 |
2021 pullback2021 | -1.67%Mar 2021 | 1mo 28d | 1mo 10d | 3mo 8dJan 2021 - Apr 2021 |
2025 pullback2025 | -1.32%Jan 2025 | 1mo 2d | 17d | 1mo 19dDec 2024 - Jan 2025 |
Drawdown Indicators
| EHBA.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -51.62% | +31.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -7.57% | +3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -23.99% | +20.27% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -23.99% | +3.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.43% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -9.08% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.04% | -0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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