EHBA.DE vs. EUNR.DE
EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) and EUNR.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - EHBA.DE tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index while EUNR.DE tracks the Bloomberg Euro Corporate ex-Financials Bond. Both are passively managed. Over the past 5 years, EHBA.DE returned 1.71%/yr vs -0.77%/yr for EUNR.DE. At a 0.45 correlation, their price movements are largely independent. EHBA.DE charges 0.39%/yr vs 0.20%/yr for EUNR.DE.
Performance
EHBA.DE vs. EUNR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHBA.DE achieves a 0.92% return, which is significantly higher than EUNR.DE's -1.09% return.
EHBA.DE
- 1D
- 0.07%
- 1M
- -0.46%
- 6M
- 0.55%
- YTD
- 0.92%
- 1Y
- 3.13%
- 3Y*
- 8.01%
- 5Y*
- 1.71%
- 10Y*
- —
EUNR.DE
- 1D
- 0.01%
- 1M
- -0.62%
- 6M
- -0.11%
- YTD
- -1.09%
- 1Y
- -0.34%
- 3Y*
- 3.39%
- 5Y*
- -0.77%
- 10Y*
- 0.41%
EHBA.DE vs. EUNR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.92% | 5.24% | 10.78% | 9.40% | -14.85% | 1.16% | 3.63% |
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | -1.09% | 2.63% | 3.48% | 7.31% | -13.61% | -1.23% | 1.91% |
Correlation
The correlation between EHBA.DE and EUNR.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.45 |
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Return for Risk
EHBA.DE vs. EUNR.DE — Risk / Return Rank
EHBA.DE
EUNR.DE
EHBA.DE vs. EUNR.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 iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.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 | EUNR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.98 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.10 | +0.93 |
| Martin ratioReturn relative to average drawdown | 2.95 | -0.25 | +3.20 |
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Drawdowns
EHBA.DE vs. EUNR.DE - Drawdown Comparison
The maximum EHBA.DE drawdown since its inception was -20.61%, which is greater than EUNR.DE's maximum drawdown of -17.49%. Use the drawdown chart below to compare losses from any high point for EHBA.DE and EUNR.DE.
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Drawdown Indicators
| EHBA.DE | EUNR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -17.49% | -3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -3.46% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -3.46% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -17.49% | -3.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.49% | — |
Current DrawdownCurrent decline from peak | -1.01% | -4.46% | +3.45% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -3.30% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.34% | -0.28% |
Volatility
EHBA.DE vs. EUNR.DE - Volatility Comparison
Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a higher volatility of 1.07% compared to iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) at 0.74%. This indicates that EHBA.DE's price experiences larger fluctuations and is considered to be riskier than EUNR.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 | EUNR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.74% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 2.73% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 3.45% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 4.62% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 4.56% | +0.27% |
EHBA.DE vs. EUNR.DE - Expense Ratio Comparison
EHBA.DE has a 0.39% expense ratio, which is higher than EUNR.DE's 0.20% expense ratio.
Dividends
EHBA.DE vs. EUNR.DE - Dividend Comparison
EHBA.DE has not paid dividends to shareholders, while EUNR.DE's dividend yield for the trailing twelve months is around 2.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 2.82% | 2.65% | 2.25% | 1.50% | 0.90% | 0.81% | 0.88% | 1.25% | 1.35% | 1.42% | 1.84% | 1.03% |
Frequently Asked Questions
EHBA.DE and EUNR.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNR.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNR.DE is cheaper with a 0.20% 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 EUNR.DE tracks Bloomberg Euro Corporate ex-Financials Bond. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for EHBA.DE and 0.20% for EUNR.DE.
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