EHBA.DE vs. VECA.DE
EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) and VECA.DE (Vanguard EUR Corporate Bond UCITS ETF Accumulating) are both European Corporate Bonds funds - EHBA.DE tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index while VECA.DE tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, EHBA.DE returned 1.70%/yr vs -0.11%/yr for VECA.DE. At a 0.44 correlation, their price movements are largely independent. EHBA.DE charges 0.39%/yr vs 0.09%/yr for VECA.DE.
Performance
EHBA.DE vs. VECA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHBA.DE achieves a 0.88% return, which is significantly higher than VECA.DE's 0.38% return.
EHBA.DE
- 1D
- -0.04%
- 1M
- -0.22%
- 6M
- 0.24%
- YTD
- 0.88%
- 1Y
- 2.83%
- 3Y*
- 7.84%
- 5Y*
- 1.70%
- 10Y*
- —
VECA.DE
- 1D
- -0.06%
- 1M
- -0.48%
- 6M
- -0.00%
- YTD
- 0.38%
- 1Y
- 1.16%
- 3Y*
- 4.21%
- 5Y*
- -0.11%
- 10Y*
- —
EHBA.DE vs. VECA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.88% | 5.24% | 10.78% | 9.40% | -14.85% | 1.16% | 3.63% |
VECA.DE Vanguard EUR Corporate Bond UCITS ETF Accumulating | 0.38% | 2.98% | 4.39% | 7.54% | -13.48% | -1.06% | 2.01% |
Correlation
The correlation between EHBA.DE and VECA.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
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 | 0.44 |
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Return for Risk
EHBA.DE vs. VECA.DE — Risk / Return Rank
EHBA.DE
VECA.DE
EHBA.DE vs. VECA.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 Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.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 | VECA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.44 | +0.32 |
| Martin ratioReturn relative to average drawdown | 2.66 | 1.46 | +1.20 |
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Drawdowns
EHBA.DE vs. VECA.DE - Drawdown Comparison
The maximum EHBA.DE drawdown since its inception was -20.61%, which is greater than VECA.DE's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for EHBA.DE and VECA.DE.
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Drawdown Indicators
| EHBA.DE | VECA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -17.20% | -3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -2.64% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -2.64% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -17.20% | -3.41% |
Current DrawdownCurrent decline from peak | -1.06% | -1.13% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -5.06% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.79% | +0.27% |
Volatility
EHBA.DE vs. VECA.DE - Volatility Comparison
Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a higher volatility of 1.07% compared to Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE) at 0.78%. This indicates that EHBA.DE's price experiences larger fluctuations and is considered to be riskier than VECA.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 | VECA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.78% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 2.84% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 3.25% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 4.49% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 4.68% | +0.14% |
EHBA.DE vs. VECA.DE - Expense Ratio Comparison
EHBA.DE has a 0.39% expense ratio, which is higher than VECA.DE's 0.09% expense ratio.
Dividends
EHBA.DE vs. VECA.DE - Dividend Comparison
Neither EHBA.DE nor VECA.DE has paid dividends to shareholders.
Frequently Asked Questions
EHBA.DE and VECA.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECA.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECA.DE is cheaper with a 0.09% 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 VECA.DE tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.39% for EHBA.DE and 0.09% for VECA.DE.
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