AHYE.DE vs. EH1Y.DE
AHYE.DE (Amundi Euro High Yield Bond ESG UCITS ETF EUR) and EH1Y.DE (iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist) are both European High Yield Bonds funds - AHYE.DE tracks the iBoxx MSCI ESG EUR High Yield Corporates while EH1Y.DE tracks the ICE BofAML Euro High Yield Constrained. Both are passively managed. Over the past 3 years, AHYE.DE returned 6.16%/yr vs 7.57%/yr for EH1Y.DE. A 0.80 correlation means they provide meaningful diversification when combined. AHYE.DE charges 0.40%/yr vs 0.20%/yr for EH1Y.DE.
Performance
AHYE.DE vs. EH1Y.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AHYE.DE achieves a 0.37% return, which is significantly lower than EH1Y.DE's 1.34% return.
AHYE.DE
- 1D
- -0.11%
- 1M
- 0.43%
- YTD
- 0.37%
- 6M
- 0.67%
- 1Y
- 3.35%
- 3Y*
- 6.16%
- 5Y*
- 1.77%
- 10Y*
- 2.89%
EH1Y.DE
- 1D
- 0.08%
- 1M
- 0.67%
- YTD
- 1.34%
- 6M
- 1.60%
- 1Y
- 4.08%
- 3Y*
- 7.57%
- 5Y*
- —
- 10Y*
- —
AHYE.DE vs. EH1Y.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.37% | 5.51% | 5.40% | 10.19% | -5.62% |
EH1Y.DE iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist | 1.34% | 5.28% | 7.65% | 12.37% | -5.31% |
Correlation
The correlation between AHYE.DE and EH1Y.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.80 |
The correlation between AHYE.DE and EH1Y.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
AHYE.DE vs. EH1Y.DE — Risk / Return Rank
AHYE.DE
EH1Y.DE
AHYE.DE vs. EH1Y.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) and iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist (EH1Y.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.
| AHYE.DE | EH1Y.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.17 | -0.16 |
| Martin ratioReturn relative to average drawdown | 4.06 | 4.93 | -0.86 |
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
| AHYE.DE | EH1Y.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.08 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.92 | -0.52 |
Drawdowns
AHYE.DE vs. EH1Y.DE - Drawdown Comparison
The maximum AHYE.DE drawdown since its inception was -23.41%, which is greater than EH1Y.DE's maximum drawdown of -10.62%. Use the drawdown chart below to compare losses from any high point for AHYE.DE and EH1Y.DE.
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Drawdown Indicators
| AHYE.DE | EH1Y.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.41% | -10.62% | -12.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -3.31% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -3.71% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -16.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.41% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.32% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -1.71% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.79% | +0.01% |
Volatility
AHYE.DE vs. EH1Y.DE - Volatility Comparison
The current volatility for Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) is 0.81%, while iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist (EH1Y.DE) has a volatility of 1.09%. This indicates that AHYE.DE experiences smaller price fluctuations and is considered to be less risky than EH1Y.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHYE.DE | EH1Y.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 1.09% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.13% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 3.56% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.57% | 5.34% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 5.34% | +1.39% |
AHYE.DE vs. EH1Y.DE - Expense Ratio Comparison
AHYE.DE has a 0.40% expense ratio, which is higher than EH1Y.DE's 0.20% expense ratio.
Dividends
AHYE.DE vs. EH1Y.DE - Dividend Comparison
AHYE.DE has not paid dividends to shareholders, while EH1Y.DE's dividend yield for the trailing twelve months is around 6.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EH1Y.DE iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist | 6.78% | 5.47% | 5.71% | 5.03% | 1.04% |
Frequently Asked Questions
AHYE.DE and EH1Y.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EH1Y.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EH1Y.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for AHYE.DE.
AHYE.DE tracks iBoxx MSCI ESG EUR High Yield Corporates, while EH1Y.DE tracks ICE BofAML Euro High Yield Constrained. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.40% for AHYE.DE and 0.20% for EH1Y.DE.
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