EHYB.L vs. IE15.L
EHYB.L (Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist)) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both exchange-traded funds - EHYB.L is a European Corporate Bonds fund tracking the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index (EUR), while IE15.L is a Short-Term Bond fund tracking the BBG Euro Corp 1-5 Yrs (EUR). Both are passively managed. Over the past 5 years, EHYB.L returned 1.48%/yr vs 0.52%/yr for IE15.L. A 0.69 correlation means they provide meaningful diversification when combined. EHYB.L charges 0.39%/yr vs 0.20%/yr for IE15.L.
Performance
EHYB.L vs. IE15.L - Performance Comparison
Loading charts...
Different Trading Currencies
EHYB.L is traded in GBp, while IE15.L is traded in EUR. To make them comparable, the IE15.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EHYB.L achieves a -2.20% return, which is significantly higher than IE15.L's -3.61% return.
EHYB.L
- 1D
- -0.89%
- 1M
- -2.28%
- 6M
- -1.66%
- YTD
- -2.20%
- 1Y
- 0.83%
- 3Y*
- 7.55%
- 5Y*
- 1.48%
- 10Y*
- —
IE15.L
- 1D
- 0.08%
- 1M
- -1.95%
- 6M
- -1.79%
- YTD
- -3.61%
- 1Y
- -1.93%
- 3Y*
- 3.08%
- 5Y*
- 0.52%
- 10Y*
- 0.87%
EHYB.L vs. IE15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EHYB.L Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist) | -2.20% | 10.94% | 5.36% | 7.67% | -10.29% | -5.42% | -6.81% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -3.61% | 8.96% | -0.40% | 3.66% | -3.03% | -6.25% | -0.85% |
Correlation
The correlation between EHYB.L and IE15.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.69 |
The correlation between EHYB.L and IE15.L has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EHYB.L vs. IE15.L — Risk / Return Rank
EHYB.L
IE15.L
EHYB.L vs. IE15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist) (EHYB.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L). 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.
| EHYB.L | IE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.93 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | -0.39 | +0.55 |
| Martin ratioReturn relative to average drawdown | 0.43 | -0.82 | +1.24 |
Loading charts...
Drawdowns
EHYB.L vs. IE15.L - Drawdown Comparison
The maximum EHYB.L drawdown since its inception was -27.17%, which is greater than IE15.L's maximum drawdown of -16.54%. Use the drawdown chart below to compare losses from any high point for EHYB.L and IE15.L.
Loading charts...
Drawdown Indicators
| EHYB.L | IE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.17% | -16.54% | -10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.15% | -4.93% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -4.15% | -4.93% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -20.05% | -9.97% | -10.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.62% | — |
Current DrawdownCurrent decline from peak | -3.50% | -4.74% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -12.42% | -6.69% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 2.36% | -0.84% |
Volatility
EHYB.L vs. IE15.L - Volatility Comparison
Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist) (EHYB.L) has a higher volatility of 1.47% compared to iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) at 1.19%. This indicates that EHYB.L's price experiences larger fluctuations and is considered to be riskier than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EHYB.L | IE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.19% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 3.19% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 4.47% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.89% | 5.52% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.66% | 6.85% | +0.81% |
EHYB.L vs. IE15.L - Expense Ratio Comparison
EHYB.L has a 0.39% expense ratio, which is higher than IE15.L's 0.20% expense ratio.
Dividends
EHYB.L vs. IE15.L - Dividend Comparison
EHYB.L's dividend yield for the trailing twelve months is around 3.55%, more than IE15.L's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHYB.L Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist) | 3.55% | 3.24% | 3.12% | 2.80% | 2.27% | 1.66% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 1.51% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
Frequently Asked Questions
EHYB.L and IE15.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IE15.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE15.L is cheaper with a 0.20% expense ratio, compared with 0.39% for EHYB.L.
EHYB.L is categorized as European Corporate Bonds, while IE15.L is Short-Term Bond. EHYB.L tracks Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index (EUR), while IE15.L tracks BBG Euro Corp 1-5 Yrs (EUR). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for EHYB.L and 0.20% for IE15.L.
Find the right allocation for EHYB.L and IE15.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer