EUAD vs. EUHY
EUAD (Select STOXX Europe Aerospace & Defense ETF) and EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both exchange-traded funds - EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index, while EUHY is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. Both are passively managed. Over the past year, EUAD returned -1.29% vs 5.47% for EUHY. At a 0.34 correlation, their price movements are largely independent. EUAD charges 0.50%/yr vs 0.35%/yr for EUHY.
Performance
EUAD vs. EUHY - Performance Comparison
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Returns By Period
In the year-to-date period, EUAD achieves a -4.49% return, which is significantly lower than EUHY's 1.70% return.
EUAD
- 1D
- 0.00%
- 1M
- -1.88%
- YTD
- -4.49%
- 6M
- -3.71%
- 1Y
- -1.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUHY
- 1D
- -0.12%
- 1M
- 0.05%
- YTD
- 1.70%
- 6M
- 2.27%
- 1Y
- 5.47%
- 3Y*
- 9.44%
- 5Y*
- 1.82%
- 10Y*
- 3.68%
EUAD vs. EUHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | -4.49% | 74.51% | -3.62% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 1.70% | 17.41% | -3.13% |
Correlation
The correlation between EUAD and EUHY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024 | 0.34 |
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Return for Risk
EUAD vs. EUHY — Risk / Return Rank
EUAD
EUHY
EUAD vs. EUHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) and iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY). 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.
| EUAD | EUHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.19 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.57 | -1.63 |
| Martin ratioReturn relative to average drawdown | -0.14 | 3.75 | -3.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUAD | EUHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 1.00 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.34 | +0.81 |
Drawdowns
EUAD vs. EUHY - Drawdown Comparison
The maximum EUAD drawdown since its inception was -22.04%, smaller than the maximum EUHY drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for EUAD and EUHY.
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Drawdown Indicators
| EUAD | EUHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -32.45% | +10.41% |
Max Drawdown (1Y)Largest decline over 1 year | -22.04% | -3.50% | -18.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.45% | — |
Current DrawdownCurrent decline from peak | -16.65% | -0.38% | -16.27% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -8.58% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.14% | 1.46% | +7.68% |
Volatility
EUAD vs. EUHY - Volatility Comparison
Select STOXX Europe Aerospace & Defense ETF (EUAD) has a higher volatility of 9.32% compared to iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) at 1.03%. This indicates that EUAD's price experiences larger fluctuations and is considered to be riskier than EUHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUAD | EUHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 1.03% | +8.29% |
Volatility (6M)Calculated over the trailing 6-month period | 24.23% | 2.89% | +21.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 5.51% | +23.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.79% | 10.00% | +19.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.79% | 10.42% | +19.37% |
EUAD vs. EUHY - Expense Ratio Comparison
EUAD has a 0.50% expense ratio, which is higher than EUHY's 0.35% expense ratio.
Dividends
EUAD vs. EUHY - Dividend Comparison
EUAD's dividend yield for the trailing twelve months is around 0.42%, less than EUHY's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.42% | 0.40% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.35% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
Frequently Asked Questions
EUAD and EUHY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUAD has higher volatility (9.32%) compared to EUHY (1.03%). In terms of maximum drawdown, EUAD dropped -22.04% vs EUHY's -32.45%.
On 1-year performance, EUHY leads with 5.47% vs -1.29% for EUAD. On fees, EUHY is cheaper at 0.35% per year. On volatility, EUHY has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EUHY has performed better with a 5.47% return vs -1.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUHY is cheaper with a 0.35% expense ratio, compared with 0.50% for EUAD.
EUHY has the higher dividend yield at 5.35%, compared with 0.42% for EUAD.
EUAD is categorized as Aerospace & Defense, while EUHY is High Yield Bonds. EUAD tracks STOXX Europe Total Market Aerospace & Defense Index, while EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. They also come from different issuers: Select Funds and iShares. Their fees differ too: 0.50% for EUAD and 0.35% for EUHY.
EUHY currently has the higher Sharpe Ratio (1.00 vs -0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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