- CUSIP
- 464286210
- Issuer
- iShares
- Inception Date
- Apr 3, 2012
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $230M
Share Price Chart
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Performance
EUHY Performance Chart
iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) is up 2.6% since the beginning of the year. EUHY is currently trading at $54 per share. Investors who bought $1,000 worth of EUHY shares 5 years ago would now be looking at an investment worth $1,129.
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Returns By Period
iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) has returned 2.61% so far this year and 5.85% over the past 12 months. Over the last ten years, EUHY has returned 4.24% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Euro High Yield Corporate Bond USD Hedged ETF
- 1D
- 0.12%
- 1M
- 1.15%
- YTD
- 2.61%
- 6M
- 2.88%
- 1Y
- 5.85%
- 3Y*
- 9.55%
- 5Y*
- 2.46%
- 10Y*
- 4.24%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EUHY Monthly Returns History
Based on dividend-adjusted daily data since Apr 3, 2012, EUHY's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2022 with a return of +9.4%, while the worst month was Mar 2020 at -13.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, EUHY closed higher 51% of trading days. The best single day was Apr 9, 2020 with a return of +5.3%, while the worst single day was Jun 24, 2016 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.84% | 0.12% | -1.90% | 1.83% | 1.08% | 0.66% | 2.61% | ||||||
| 2025 | 0.64% | 1.12% | 2.90% | 5.16% | 2.22% | 3.78% | -2.10% | 2.53% | 0.88% | -1.49% | 0.34% | 0.41% | 17.41% |
| 2024 | -2.30% | 0.34% | 0.02% | -1.43% | 2.92% | -1.39% | 2.77% | 2.86% | 1.76% | -2.04% | -1.97% | -1.84% | -0.55% |
| 2023 | 4.96% | -3.42% | 2.83% | 2.05% | -2.44% | 2.39% | 1.88% | -1.33% | -2.52% | 0.18% | 6.37% | 4.60% | 16.06% |
| 2022 | -3.38% | -2.83% | -1.40% | -7.85% | 1.77% | -9.12% | 4.58% | -5.97% | -5.61% | 3.95% | 9.41% | 1.34% | -15.59% |
| 2021 | -0.51% | 0.05% | -1.84% | 2.54% | 1.76% | -2.42% | 0.39% | -0.39% | -2.19% | -0.51% | -2.61% | 2.04% | -3.78% |
Benchmark Metrics
iShares Euro High Yield Corporate Bond USD Hedged ETF has an annualized alpha of 0.67%, beta of 0.26, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since April 03, 2012.
- This ETF participated in 58.98% of S&P 500 Index downside but only 38.18% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.26 may look defensive, but with R2 of 0.17 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 0.17 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
- 0.67%
- Beta
- 0.26
- R²
- 0.17
- Upside Capture
- 38.18%
- Downside Capture
- 58.98%
Expense Ratio
EUHY has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EUHY ranks 31 for risk / return — below 31% 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 iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) 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.
| EUHY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.78 | -1.11 |
| Martin ratioReturn relative to average drawdown | 4.02 | 12.44 | -8.42 |
Dividends
Dividend History
iShares Euro High Yield Corporate Bond USD Hedged ETF provided a 5.30% dividend yield over the last twelve months, with an annual payout of $2.85 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.85 | $1.90 | $2.40 | $1.68 | $0.27 | $1.62 | $0.82 | $0.62 | $1.94 | $0.38 | $0.78 | $1.44 |
Dividend yield | 5.30% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Euro High Yield Corporate Bond USD Hedged ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.13 | $0.19 | $0.19 | $0.22 | $0.22 | $0.95 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.90 | $1.90 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.40 | $2.40 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.68 | $1.68 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 | $1.62 |
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 iShares Euro High Yield Corporate Bond USD Hedged ETF. 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 iShares Euro High Yield Corporate Bond USD Hedged ETF was 32.45%, occurring on Sep 27, 2022. Recovery took 641 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -32.45%Sep 2022 | 1y 3mo | 2y 6mo | 3y 10moJun 2021 - Apr 2025 |
COVID crash2020 | -26.72%Mar 2020 | 2y 1mo | 7mo 18d | 2y 9moFeb 2018 - Nov 2020 |
2016 bear market2016 | -24.07%Jan 2016 | 1y 8mo | 1y 11mo | 3y 8moMay 2014 - Jan 2018 |
2012 pullback2012 | -9.41%May 2012 | 1mo 19d | 3mo 10d | 4mo 29dApr 2012 - Sep 2012 |
2013 pullback2013 | -7.18%Mar 2013 | 1mo 27d | 5mo 25d | 7mo 22dJan 2013 - Sep 2013 |
Drawdown Indicators
| EUHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -56.78% | +24.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -9.10% | +5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | -18.90% | +10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -31.09% | -25.43% | -5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | -33.92% | +1.47% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -10.71% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 2.03% | -0.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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