EUHY vs. IBIT
EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - EUHY is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, EUHY returned 6.03% vs -38.74% for IBIT. At a 0.25 correlation, their price movements are largely independent. EUHY charges 0.35%/yr vs 0.25%/yr for IBIT.
Performance
EUHY vs. IBIT - 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 IBIT's -25.48% 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%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUHY vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 1.93% | 17.41% | 0.13% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between EUHY and IBIT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.25 |
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Return for Risk
EUHY vs. IBIT — Risk / Return Rank
EUHY
IBIT
EUHY vs. IBIT - 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 Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.86 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | -0.79 | +2.52 |
| Martin ratioReturn relative to average drawdown | 4.14 | -1.36 | +5.50 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | -0.89 | +1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
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 | 0.30 | +0.05 |
Drawdowns
EUHY vs. IBIT - Drawdown Comparison
The maximum EUHY drawdown since its inception was -32.45%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for EUHY and IBIT.
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Drawdown Indicators
| EUHY | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -49.36% | +16.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -49.36% | +45.86% |
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 | -0.15% | -48.10% | +47.95% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -16.02% | +7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 28.44% | -26.98% |
Volatility
EUHY vs. IBIT - Volatility Comparison
The current volatility for iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) is 1.07%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that EUHY experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUHY | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 9.50% | -8.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 34.44% | -31.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 43.73% | -38.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.00% | 50.19% | -40.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.43% | 50.19% | -39.76% |
EUHY vs. IBIT - Expense Ratio Comparison
EUHY has a 0.35% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
EUHY vs. IBIT - Dividend Comparison
EUHY's dividend yield for the trailing twelve months is around 5.33%, while IBIT 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 | 5.33% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUHY and IBIT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to EUHY (1.07%). In terms of maximum drawdown, EUHY dropped -32.45% vs IBIT's -49.36%.
On 1-year performance, EUHY leads with 6.03% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, EUHY has been the lower-risk option at 1.07%. 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 6.03% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.35% for EUHY.
EUHY has the higher dividend yield at 5.33%, compared with 0.00% for IBIT.
EUHY is categorized as High Yield Bonds, while IBIT is Cryptocurrency. EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.35% for EUHY and 0.25% for IBIT.
EUHY currently has the higher Sharpe Ratio (1.10 vs -0.89), 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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