EUHY vs. IBHE
EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds from iShares - EUHY tracks the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.
Performance
EUHY vs. IBHE - Performance Comparison
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Returns By Period
EUHY
- 1D
- -0.06%
- 1M
- 0.32%
- 6M
- 1.92%
- YTD
- 2.60%
- 1Y
- 3.68%
- 3Y*
- 8.22%
- 5Y*
- 2.63%
- 10Y*
- 3.99%
IBHE
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUHY vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 2.60% | 17.41% | -0.55% | 16.06% | -15.59% | -3.78% | 10.69% | 4.93% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -4.08% | 4.40% | 4.16% | 5.49% |
Correlation
The correlation between EUHY and IBHE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.42 |
Over the past year, the correlation between EUHY and IBHE has dropped to 0.03 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
EUHY vs. IBHE — Risk / Return Rank
EUHY
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EUHY vs. IBHE - 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 iShares iBonds 2025 Term High Yield & Income ETF (IBHE). 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.
| EUHY | IBHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | — | — |
| Martin ratioReturn relative to average drawdown | 2.55 | — | — |
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Drawdowns
EUHY vs. IBHE - Drawdown Comparison
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Drawdown Indicators
| EUHY | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | — | — |
Average DrawdownAverage peak-to-trough decline | -8.52% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | — | — |
Volatility
EUHY vs. IBHE - Volatility Comparison
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Volatility by Period
| EUHY | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.97% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.13% | — | — |
EUHY vs. IBHE - Expense Ratio Comparison
Both EUHY and IBHE have an expense ratio of 0.35%.
Dividends
EUHY vs. IBHE - Dividend Comparison
EUHY's dividend yield for the trailing twelve months is around 5.72%, while IBHE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.72% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 1.87% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUHY and IBHE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUHY and IBHE have the same expense ratio: 0.35% per year.
EUHY has the higher dividend yield at 5.72%, compared with 1.87% for IBHE.
EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index.
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