EH1Y.DE vs. EUHA.DE
EH1Y.DE (iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist) and EUHA.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both European High Yield Bonds funds - EH1Y.DE tracks the ICE BofAML Euro High Yield Constrained while EUHA.DE tracks the BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained. Both are passively managed. Over the past 3 years, EH1Y.DE returned 7.57%/yr vs 6.41%/yr for EUHA.DE. A 0.74 correlation means they provide meaningful diversification when combined. EH1Y.DE charges 0.20%/yr vs 0.50%/yr for EUHA.DE.
Performance
EH1Y.DE vs. EUHA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EH1Y.DE achieves a 1.34% return, which is significantly higher than EUHA.DE's 1.21% return.
EH1Y.DE
- 1D
- 0.08%
- 1M
- 0.67%
- YTD
- 1.34%
- 6M
- 1.60%
- 1Y
- 4.08%
- 3Y*
- 7.57%
- 5Y*
- —
- 10Y*
- —
EUHA.DE
- 1D
- 0.10%
- 1M
- 0.50%
- YTD
- 1.21%
- 6M
- 1.66%
- 1Y
- 3.62%
- 3Y*
- 6.41%
- 5Y*
- 2.85%
- 10Y*
- —
EH1Y.DE vs. EUHA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EH1Y.DE iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist | 1.34% | 5.28% | 7.65% | 12.37% | -5.31% |
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.21% | 5.16% | 6.18% | 10.06% | -4.47% |
Correlation
The correlation between EH1Y.DE and EUHA.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.74 |
The correlation between EH1Y.DE and EUHA.DE has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
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Return for Risk
EH1Y.DE vs. EUHA.DE — Risk / Return Rank
EH1Y.DE
EUHA.DE
EH1Y.DE vs. EUHA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist (EH1Y.DE) and PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.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.
| EH1Y.DE | EUHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.13 | +0.04 |
| Martin ratioReturn relative to average drawdown | 4.93 | 5.03 | -0.11 |
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
| EH1Y.DE | EUHA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.11 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.33 | +0.59 |
Drawdowns
EH1Y.DE vs. EUHA.DE - Drawdown Comparison
The maximum EH1Y.DE drawdown since its inception was -10.62%, smaller than the maximum EUHA.DE drawdown of -23.36%. Use the drawdown chart below to compare losses from any high point for EH1Y.DE and EUHA.DE.
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Drawdown Indicators
| EH1Y.DE | EUHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.62% | -23.36% | +12.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -3.03% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.71% | -3.50% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.43% | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.15% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.71% | -2.43% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.68% | +0.11% |
Volatility
EH1Y.DE vs. EUHA.DE - Volatility Comparison
iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist (EH1Y.DE) has a higher volatility of 1.09% compared to PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.DE) at 0.78%. This indicates that EH1Y.DE's price experiences larger fluctuations and is considered to be riskier than EUHA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EH1Y.DE | EUHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.78% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 2.64% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 3.10% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 4.93% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 7.54% | -2.20% |
EH1Y.DE vs. EUHA.DE - Expense Ratio Comparison
EH1Y.DE has a 0.20% expense ratio, which is lower than EUHA.DE's 0.50% expense ratio.
Dividends
EH1Y.DE vs. EUHA.DE - Dividend Comparison
EH1Y.DE's dividend yield for the trailing twelve months is around 6.78%, while EUHA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EH1Y.DE iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist | 6.78% | 5.47% | 5.71% | 5.03% | 1.04% |
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EH1Y.DE and EUHA.DE have a correlation of 0.64, 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 0.50% for EUHA.DE.
EH1Y.DE tracks ICE BofAML Euro High Yield Constrained, while EUHA.DE tracks BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.20% for EH1Y.DE and 0.50% for EUHA.DE.
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