BBEU vs. EUHY
BBEU (JPMorgan BetaBuilders Europe ETF) and EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both exchange-traded funds - BBEU is a Europe Equities fund tracking the Morningstar Developed Europe Target Market Exposure Index, while EUHY is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. Both are passively managed. Over the past 5 years, BBEU returned 8.62%/yr vs 1.82%/yr for EUHY. A 0.67 correlation means they provide meaningful diversification when combined. BBEU charges 0.09%/yr vs 0.35%/yr for EUHY.
Performance
BBEU vs. EUHY - Performance Comparison
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Returns By Period
In the year-to-date period, BBEU achieves a 5.14% return, which is significantly higher than EUHY's 1.70% return.
BBEU
- 1D
- 0.47%
- 1M
- -0.53%
- YTD
- 5.14%
- 6M
- 8.45%
- 1Y
- 16.57%
- 3Y*
- 16.39%
- 5Y*
- 8.62%
- 10Y*
- —
EUHY
- 1D
- -0.12%
- 1M
- 0.05%
- YTD
- 1.70%
- 6M
- 2.27%
- 1Y
- 5.47%
- 3Y*
- 9.44%
- 5Y*
- 1.82%
- 10Y*
- 3.68%
BBEU vs. EUHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBEU JPMorgan BetaBuilders Europe ETF | 5.14% | 36.37% | 1.85% | 20.31% | -14.72% | 17.50% | 5.00% | 23.96% | -13.25% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 1.70% | 17.41% | -0.55% | 16.06% | -15.59% | -3.78% | 10.69% | 8.60% | -3.77% |
Correlation
The correlation between BBEU and EUHY is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018 | 0.67 |
The correlation between BBEU and EUHY has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
BBEU vs. EUHY — Risk / Return Rank
BBEU
EUHY
BBEU vs. EUHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Europe ETF (BBEU) and iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY). 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.
| BBEU | EUHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.57 | -0.21 |
| Martin ratioReturn relative to average drawdown | 5.04 | 3.75 | +1.29 |
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
| BBEU | EUHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.00 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.18 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.34 | +0.13 |
Drawdowns
BBEU vs. EUHY - Drawdown Comparison
The maximum BBEU drawdown since its inception was -36.27%, which is greater than EUHY's maximum drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for BBEU and EUHY.
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Drawdown Indicators
| BBEU | EUHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.27% | -32.45% | -3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -3.50% | -8.73% |
Max Drawdown (3Y)Largest decline over 3 years | -14.23% | -8.23% | -6.00% |
Max Drawdown (5Y)Largest decline over 5 years | -31.08% | -32.45% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.45% | — |
Current DrawdownCurrent decline from peak | -3.01% | -0.38% | -2.63% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -8.58% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 1.46% | +1.84% |
Volatility
BBEU vs. EUHY - Volatility Comparison
JPMorgan BetaBuilders Europe ETF (BBEU) has a higher volatility of 4.79% compared to iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) at 1.03%. This indicates that BBEU's price experiences larger fluctuations and is considered to be riskier than EUHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBEU | EUHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 1.03% | +3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 2.89% | +10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 5.51% | +10.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 10.00% | +7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.32% | 10.42% | +8.90% |
BBEU vs. EUHY - Expense Ratio Comparison
BBEU has a 0.09% expense ratio, which is lower than EUHY's 0.35% expense ratio.
Dividends
BBEU vs. EUHY - Dividend Comparison
BBEU's dividend yield for the trailing twelve months is around 2.83%, less than EUHY's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBEU JPMorgan BetaBuilders Europe ETF | 2.83% | 2.83% | 4.16% | 2.94% | 4.72% | 2.63% | 2.29% | 3.24% | 0.49% | 0.00% | 0.00% | 0.00% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.35% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
Frequently Asked Questions
BBEU and EUHY have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBEU has higher volatility (4.79%) compared to EUHY (1.03%). In terms of maximum drawdown, BBEU dropped -36.27% vs EUHY's -32.45%.
On 5-year performance, BBEU leads with 8.62% vs 1.82% for EUHY. On fees, BBEU is cheaper at 0.09% per year. On volatility, EUHY has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBEU has performed better with a 8.62% return vs 1.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBEU is cheaper with a 0.09% expense ratio, compared with 0.35% for EUHY.
EUHY has the higher dividend yield at 5.35%, compared with 2.83% for BBEU.
BBEU is categorized as Europe Equities, while EUHY is High Yield Bonds. BBEU tracks Morningstar Developed Europe Target Market Exposure Index, while EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.09% for BBEU and 0.35% for EUHY.
BBEU currently has the higher Sharpe Ratio (1.06 vs 1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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