EHYB.L vs. IS15.L
EHYB.L (Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist)) and IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) are both European Corporate Bonds funds - EHYB.L tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index (EUR) while IS15.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 5 years, EHYB.L returned 1.48%/yr vs 2.40%/yr for IS15.L. At a 0.25 correlation, their price movements are largely independent. EHYB.L charges 0.39%/yr vs 0.20%/yr for IS15.L.
Performance
EHYB.L vs. IS15.L - Performance Comparison
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Different Trading Currencies
EHYB.L is traded in GBp, while IS15.L is traded in GBP. To make them comparable, the IS15.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 lower than IS15.L's 1.00% return.
EHYB.L
- 1D
- -0.89%
- 1M
- -2.24%
- 6M
- -1.74%
- YTD
- -2.20%
- 1Y
- 0.65%
- 3Y*
- 7.55%
- 5Y*
- 1.48%
- 10Y*
- —
IS15.L
- 1D
- -0.05%
- 1M
- -0.08%
- 6M
- 0.70%
- YTD
- 1.00%
- 1Y
- 3.87%
- 3Y*
- 6.31%
- 5Y*
- 2.40%
- 10Y*
- 2.24%
EHYB.L vs. IS15.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% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 1.00% | 6.24% | 4.89% | 7.16% | -6.09% | -0.84% | 1.48% |
Correlation
The correlation between EHYB.L and IS15.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.25 |
The correlation between EHYB.L and IS15.L shifts across timeframes, from 0.25 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EHYB.L vs. IS15.L — Risk / Return Rank
EHYB.L
IS15.L
EHYB.L vs. IS15.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 GBP Corporate Bond 0-5yr UCITS ETF (IS15.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 | IS15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.29 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.99 | -1.83 |
| Martin ratioReturn relative to average drawdown | 0.43 | 7.57 | -7.15 |
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Drawdowns
EHYB.L vs. IS15.L - Drawdown Comparison
The maximum EHYB.L drawdown since its inception was -27.17%, which is greater than IS15.L's maximum drawdown of -12.18%. Use the drawdown chart below to compare losses from any high point for EHYB.L and IS15.L.
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Drawdown Indicators
| EHYB.L | IS15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.17% | -12.18% | -14.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.15% | -1.94% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.15% | -1.94% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -20.05% | -12.18% | -7.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.18% | — |
Current DrawdownCurrent decline from peak | -3.50% | -0.44% | -3.06% |
Average DrawdownAverage peak-to-trough decline | -12.42% | -1.12% | -11.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 0.51% | +1.01% |
Volatility
EHYB.L vs. IS15.L - Volatility Comparison
Invesco Euro Corporate Hybrid Bond UCITS ETF EUR (Dist) (EHYB.L) has a higher volatility of 1.47% compared to iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) at 0.80%. This indicates that EHYB.L's price experiences larger fluctuations and is considered to be riskier than IS15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EHYB.L | IS15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 0.80% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 2.44% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 2.68% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.89% | 3.32% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.66% | 3.13% | +4.53% |
EHYB.L vs. IS15.L - Expense Ratio Comparison
EHYB.L has a 0.39% expense ratio, which is higher than IS15.L's 0.20% expense ratio.
Dividends
EHYB.L vs. IS15.L - Dividend Comparison
EHYB.L's dividend yield for the trailing twelve months is around 3.55%, less than IS15.L's 4.52% 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% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 4.52% | 4.35% | 4.06% | 3.05% | 1.80% | 1.72% | 1.81% | 2.03% | 2.08% | 2.15% | 2.55% | 2.91% |
Frequently Asked Questions
EHYB.L and IS15.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS15.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS15.L is cheaper with a 0.20% expense ratio, compared with 0.39% for EHYB.L.
EHYB.L tracks Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index (EUR), while IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for EHYB.L and 0.20% for IS15.L.
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