EHBA.DE vs. 4UBF.DE
EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) and 4UBF.DE (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc) are both European Corporate Bonds funds - EHBA.DE tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index while 4UBF.DE tracks the Bloomberg MSCI Euro Area Liquid Corporates Sustainable. Both are passively managed. Over the past 5 years, EHBA.DE returned 1.96%/yr vs -0.15%/yr for 4UBF.DE. At a 0.45 correlation, their price movements are largely independent. EHBA.DE charges 0.39%/yr vs 0.13%/yr for 4UBF.DE.
Performance
EHBA.DE vs. 4UBF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHBA.DE achieves a 1.67% return, which is significantly higher than 4UBF.DE's 1.51% return.
EHBA.DE
- 1D
- 0.09%
- 1M
- 0.76%
- 6M
- 1.90%
- YTD
- 1.67%
- 1Y
- 3.82%
- 3Y*
- 8.32%
- 5Y*
- 1.96%
- 10Y*
- —
4UBF.DE
- 1D
- 0.00%
- 1M
- 0.90%
- 6M
- 1.59%
- YTD
- 1.51%
- 1Y
- 2.20%
- 3Y*
- 5.22%
- 5Y*
- -0.15%
- 10Y*
- —
EHBA.DE vs. 4UBF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 1.67% | 5.24% | 10.78% | 9.40% | -14.85% | -0.00% |
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc | 1.51% | 3.23% | 4.51% | 8.22% | -15.67% | -0.31% |
Correlation
The correlation between EHBA.DE and 4UBF.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2021 | 0.45 |
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Return for Risk
EHBA.DE vs. 4UBF.DE — Risk / Return Rank
EHBA.DE
4UBF.DE
EHBA.DE vs. 4UBF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) and UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.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.
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 | 4UBF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.11 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.77 | +0.25 |
| Martin ratioReturn relative to average drawdown | 3.64 | 2.50 | +1.14 |
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Drawdowns
EHBA.DE vs. 4UBF.DE - Drawdown Comparison
The maximum EHBA.DE drawdown since its inception was -20.61%, roughly equal to the maximum 4UBF.DE drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for EHBA.DE and 4UBF.DE.
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Drawdown Indicators
| EHBA.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -19.99% | -0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -2.88% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -2.88% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -19.99% | -0.62% |
Current DrawdownCurrent decline from peak | -0.28% | -2.05% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -8.44% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.88% | +0.17% |
Volatility
EHBA.DE vs. 4UBF.DE - Volatility Comparison
Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a higher volatility of 1.12% compared to UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) at 0.64%. This indicates that EHBA.DE's price experiences larger fluctuations and is considered to be riskier than 4UBF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EHBA.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.64% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 2.97% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 3.67% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 5.08% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 4.99% | -0.16% |
EHBA.DE vs. 4UBF.DE - Expense Ratio Comparison
EHBA.DE has a 0.39% expense ratio, which is higher than 4UBF.DE's 0.13% expense ratio.
Dividends
EHBA.DE vs. 4UBF.DE - Dividend Comparison
Neither EHBA.DE nor 4UBF.DE has paid dividends to shareholders.
Frequently Asked Questions
EHBA.DE and 4UBF.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4UBF.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4UBF.DE is cheaper with a 0.13% expense ratio, compared with 0.39% for EHBA.DE.
EHBA.DE tracks Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index, while 4UBF.DE tracks Bloomberg MSCI Euro Area Liquid Corporates Sustainable. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.39% for EHBA.DE and 0.13% for 4UBF.DE.
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