EUHY vs. FTSL
EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) and FTSL (First Trust Senior Loan Fund) are both High Yield Bonds funds. EUHY is passively managed, while FTSL is actively managed. Over the past 10 years, EUHY returned 3.67%/yr vs 4.44%/yr for FTSL. At a 0.26 correlation, their price movements are largely independent. EUHY charges 0.35%/yr vs 0.86%/yr for FTSL.
Performance
EUHY vs. FTSL - Performance Comparison
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Returns By Period
In the year-to-date period, EUHY achieves a 2.05% return, which is significantly higher than FTSL's 0.65% return. Over the past 10 years, EUHY has underperformed FTSL with an annualized return of 3.67%, while FTSL has yielded a comparatively higher 4.44% annualized return.
EUHY
- 1D
- 0.12%
- 1M
- 0.98%
- YTD
- 2.05%
- 6M
- 2.59%
- 1Y
- 5.75%
- 3Y*
- 9.92%
- 5Y*
- 1.97%
- 10Y*
- 3.67%
FTSL
- 1D
- 0.03%
- 1M
- 0.20%
- YTD
- 0.65%
- 6M
- 0.98%
- 1Y
- 4.56%
- 3Y*
- 7.36%
- 5Y*
- 5.02%
- 10Y*
- 4.44%
EUHY vs. FTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 2.05% | 17.41% | -0.55% | 16.06% | -15.59% | -3.78% | 10.69% | 8.60% | -7.71% | 19.68% |
FTSL First Trust Senior Loan Fund | 0.65% | 5.98% | 8.27% | 11.58% | -2.50% | 3.94% | 2.99% | 10.11% | -1.30% | 2.59% |
Correlation
The correlation between EUHY and FTSL is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 3, 2013 | 0.26 |
The correlation between EUHY and FTSL shifts across timeframes, from 0.26 (all time) to 0.38 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUHY vs. FTSL — Risk / Return Rank
EUHY
FTSL
EUHY vs. FTSL - 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 First Trust Senior Loan Fund (FTSL). 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 | FTSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.51 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.97 | -0.32 |
| Martin ratioReturn relative to average drawdown | 3.95 | 7.30 | -3.36 |
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 | FTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 2.17 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 1.51 | -1.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.86 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.85 | -0.51 |
Drawdowns
EUHY vs. FTSL - Drawdown Comparison
The maximum EUHY drawdown since its inception was -32.45%, which is greater than FTSL's maximum drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for EUHY and FTSL.
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Drawdown Indicators
| EUHY | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -22.67% | -9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -2.33% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | -2.66% | -5.57% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -6.96% | -25.49% |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | -22.67% | -9.78% |
Current DrawdownCurrent decline from peak | -0.03% | 0.00% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -0.76% | -7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 0.63% | +0.83% |
Volatility
EUHY vs. FTSL - Volatility Comparison
iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) has a higher volatility of 1.07% compared to First Trust Senior Loan Fund (FTSL) at 0.36%. This indicates that EUHY's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUHY | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.36% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 1.95% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 2.11% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.00% | 3.35% | +6.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.43% | 5.18% | +5.25% |
EUHY vs. FTSL - Expense Ratio Comparison
EUHY has a 0.35% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Dividends
EUHY vs. FTSL - Dividend Comparison
EUHY's dividend yield for the trailing twelve months is around 5.33%, less than FTSL's 6.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTSL First Trust Senior Loan Fund | 6.46% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
Frequently Asked Questions
EUHY and FTSL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUHY has higher volatility (1.07%) compared to FTSL (0.36%). In terms of maximum drawdown, EUHY dropped -32.45% vs FTSL's -22.67%.
On 10-year performance, FTSL leads with 4.44% vs 3.67% for EUHY. On fees, EUHY is cheaper at 0.35% per year. On volatility, FTSL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FTSL has performed better with a 4.44% return vs 3.67%. 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 0.86% for FTSL.
FTSL has the higher dividend yield at 6.46%, compared with 5.33% for EUHY.
They also come from different issuers: iShares and First Trust. Their fees differ too: 0.35% for EUHY and 0.86% for FTSL.
FTSL currently has the higher Sharpe Ratio (2.17 vs 1.05), 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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