EUHA.DE vs. COVR.DE

Last updated Apr 2, 2026

Compare and contrast key facts about PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.DE) and PIMCO Covered Bond UCITS ETF Dist (COVR.DE).

EUHA.DE and COVR.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUHA.DE is a passively managed fund by PIMCO that tracks the performance of the BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained. It was launched on Oct 9, 2017. COVR.DE is a passively managed fund by PIMCO that tracks the performance of the PIMCO Covered Bond. It was launched on Dec 17, 2013. Both EUHA.DE and COVR.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EUHA.DE vs. COVR.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.DE) and PIMCO Covered Bond UCITS ETF Dist (COVR.DE). The values are adjusted to include any dividend payments, if applicable.

EUHA.DE vs. COVR.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc	-1.46%	5.16%	6.18%	10.06%	-8.20%	3.18%	1.17%	8.26%	-4.28%	0.40%
COVR.DE PIMCO Covered Bond UCITS ETF Dist	-0.83%	2.66%	3.80%	6.11%	-12.85%	-2.27%	3.03%	3.98%	0.05%	0.24%

Returns By Period

In the year-to-date period, EUHA.DE achieves a -1.46% return, which is significantly lower than COVR.DE's -0.83% return.

EUHA.DE

• 1D: 0.84%
• 1M: -1.74%
• YTD: -1.46%
• 6M: -0.48%
• 1Y: 2.77%
• 3Y*: 5.78%
• 5Y*: 2.43%
• 10Y*: —

COVR.DE

• 1D: 0.11%
• 1M: -2.15%
• YTD: -0.83%
• 6M: -0.72%
• 1Y: 1.12%
• 3Y*: 3.46%
• 5Y*: -0.72%
• 10Y*: 0.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUHA.DE vs. COVR.DE - Expense Ratio Comparison

EUHA.DE has a 0.50% expense ratio, which is higher than COVR.DE's 0.43% expense ratio.

EUHA.DE

PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc

COVR.DE

PIMCO Covered Bond UCITS ETF Dist

Return for Risk

EUHA.DE vs. COVR.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUHA.DE

EUHA.DE Risk / Return Rank: 35
EUHA.DE Sharpe Ratio Rank: 34
EUHA.DE Sortino Ratio Rank: 31
EUHA.DE Omega Ratio Rank: 35
EUHA.DE Calmar Ratio Rank: 33
EUHA.DE Martin Ratio Rank: 39

COVR.DE

COVR.DE Risk / Return Rank: 22
COVR.DE Sharpe Ratio Rank: 25
COVR.DE Sortino Ratio Rank: 22
COVR.DE Omega Ratio Rank: 21
COVR.DE Calmar Ratio Rank: 19
COVR.DE Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUHA.DE vs. COVR.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.DE) and PIMCO Covered Bond UCITS ETF Dist (COVR.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.

	EUHA.DE	COVR.DE	Difference
Sharpe ratio Return per unit of total volatility	0.69	0.49	+0.20
Sortino ratio Return per unit of downside risk	0.98	0.68	+0.30
Omega ratio Gain probability vs. loss probability	1.15	1.09	+0.06
Calmar ratio Return relative to maximum drawdown	0.90	0.44	+0.46
Martin ratio Return relative to average drawdown	4.01	1.94	+2.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUHA.DE vs. COVR.DE - Sharpe Ratio Comparison

The current EUHA.DE Sharpe Ratio is 0.69, which is higher than the COVR.DE Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of EUHA.DE and COVR.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EUHA.DE	COVR.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	0.49	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	-0.19	+0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.20	+0.10

Correlation

The correlation between EUHA.DE and COVR.DE is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EUHA.DE vs. COVR.DE - Dividend Comparison

EUHA.DE has not paid dividends to shareholders, while COVR.DE's dividend yield for the trailing twelve months is around 2.51%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index 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%
COVR.DE PIMCO Covered Bond UCITS ETF Dist	2.51%	2.43%	1.66%	0.56%	0.00%	0.00%	0.42%	1.20%	0.78%	0.57%	0.74%	0.86%

Drawdowns

EUHA.DE vs. COVR.DE - Drawdown Comparison

The maximum EUHA.DE drawdown since its inception was -23.36%, which is greater than COVR.DE's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for EUHA.DE and COVR.DE.

Drawdown Indicators

	EUHA.DE	COVR.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.36%	-16.36%	-7.00%
Max Drawdown (1Y) Largest decline over 1 year	-3.03%	-2.85%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-12.43%	-15.69%	+3.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-16.36%	—
Current Drawdown Current decline from peak	-2.15%	-4.79%	+2.64%
Average Drawdown Average peak-to-trough decline	-2.47%	-4.10%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	0.64%	+0.04%

Volatility

EUHA.DE vs. COVR.DE - Volatility Comparison

PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.DE) has a higher volatility of 1.86% compared to PIMCO Covered Bond UCITS ETF Dist (COVR.DE) at 1.08%. This indicates that EUHA.DE's price experiences larger fluctuations and is considered to be riskier than COVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUHA.DE	COVR.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.86%	1.08%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	2.39%	1.61%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	3.98%	2.25%	+1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.89%	3.72%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.60%	2.95%	+4.65%