EUHY vs. BBHY
EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - EUHY tracks the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past 5 years, EUHY returned 1.94%/yr vs 4.09%/yr for BBHY. At a 0.47 correlation, their price movements are largely independent. EUHY charges 0.35%/yr vs 0.15%/yr for BBHY.
Performance
EUHY vs. BBHY - Performance Comparison
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Returns By Period
In the year-to-date period, EUHY achieves a 1.93% return, which is significantly higher than BBHY's 1.58% return.
EUHY
- 1D
- -0.14%
- 1M
- 1.00%
- YTD
- 1.93%
- 6M
- 2.44%
- 1Y
- 6.03%
- 3Y*
- 9.87%
- 5Y*
- 1.94%
- 10Y*
- 3.65%
BBHY
- 1D
- -0.24%
- 1M
- 0.42%
- YTD
- 1.58%
- 6M
- 1.96%
- 1Y
- 7.15%
- 3Y*
- 8.61%
- 5Y*
- 4.09%
- 10Y*
- —
EUHY vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 1.93% | 17.41% | -0.55% | 16.06% | -15.59% | -3.78% | 10.69% | 8.60% | -7.71% | 19.68% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 1.58% | 8.51% | 7.81% | 11.98% | -10.37% | 3.88% | 5.36% | 14.35% | -2.50% | 6.57% |
Correlation
The correlation between EUHY and BBHY is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016 | 0.47 |
The correlation between EUHY and BBHY shifts across timeframes, from 0.47 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUHY vs. BBHY — Risk / Return Rank
EUHY
BBHY
EUHY vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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.
| EUHY | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 3.02 | -1.29 |
| Martin ratioReturn relative to average drawdown | 4.14 | 13.58 | -9.45 |
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
| EUHY | BBHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.98 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.57 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.64 | -0.30 |
Drawdowns
EUHY vs. BBHY - Drawdown Comparison
The maximum EUHY drawdown since its inception was -32.45%, which is greater than BBHY's maximum drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for EUHY and BBHY.
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Drawdown Indicators
| EUHY | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -24.98% | -7.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -2.37% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | -5.00% | -3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -15.32% | -17.13% |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.30% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -2.37% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 0.53% | +0.93% |
Volatility
EUHY vs. BBHY - Volatility Comparison
iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) have volatilities of 1.07% and 1.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUHY | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.12% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 2.86% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 3.62% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.00% | 7.26% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.43% | 7.53% | +2.90% |
EUHY vs. BBHY - Expense Ratio Comparison
EUHY has a 0.35% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Dividends
EUHY vs. BBHY - Dividend Comparison
EUHY's dividend yield for the trailing twelve months is around 5.33%, less than BBHY's 6.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 6.95% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% | 0.00% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.33% | 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
EUHY and BBHY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBHY has higher volatility (1.12%) compared to EUHY (1.07%). In terms of maximum drawdown, EUHY dropped -32.45% vs BBHY's -24.98%.
On 5-year performance, BBHY leads with 4.09% vs 1.94% for EUHY. On fees, BBHY is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBHY has performed better with a 4.09% return vs 1.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBHY is cheaper with a 0.15% expense ratio, compared with 0.35% for EUHY.
BBHY has the higher dividend yield at 6.95%, compared with 5.33% for EUHY.
EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.35% for EUHY and 0.15% for BBHY.
BBHY currently has the higher Sharpe Ratio (1.98 vs 1.10), 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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