EUHY vs. IWM
EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) and IWM (iShares Russell 2000 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 IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 10 years, EUHY returned 3.65%/yr vs 10.93%/yr for IWM. At a 0.30 correlation, their price movements are largely independent. EUHY charges 0.35%/yr vs 0.19%/yr for IWM.
Performance
EUHY vs. IWM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EUHY achieves a 1.93% return, which is significantly lower than IWM's 17.07% return. Over the past 10 years, EUHY has underperformed IWM with an annualized return of 3.65%, while IWM has yielded a comparatively higher 10.93% annualized 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%
IWM
- 1D
- -1.37%
- 1M
- 3.52%
- YTD
- 17.07%
- 6M
- 15.83%
- 1Y
- 39.10%
- 3Y*
- 17.88%
- 5Y*
- 6.11%
- 10Y*
- 10.93%
EUHY vs. IWM - 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% |
IWM iShares Russell 2000 ETF | 17.07% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between EUHY and IWM is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2012 | 0.30 |
The correlation between EUHY and IWM shifts across timeframes, from 0.30 (all time) to 0.47 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUHY vs. IWM — Risk / Return Rank
EUHY
IWM
EUHY vs. IWM - 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 Russell 2000 ETF (IWM). 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 | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 3.56 | -1.83 |
| Martin ratioReturn relative to average drawdown | 4.14 | 12.64 | -8.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EUHY | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 2.05 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.27 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.48 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.37 | -0.02 |
Drawdowns
EUHY vs. IWM - Drawdown Comparison
The maximum EUHY drawdown since its inception was -32.45%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for EUHY and IWM.
Loading charts...
Drawdown Indicators
| EUHY | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -59.05% | +26.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -11.03% | +7.53% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | -27.50% | +19.27% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -31.91% | -0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | -41.13% | +8.68% |
Current DrawdownCurrent decline from peak | -0.15% | -1.49% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -10.77% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 3.10% | -1.64% |
Volatility
EUHY vs. IWM - Volatility Comparison
The current volatility for iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) is 1.07%, while iShares Russell 2000 ETF (IWM) has a volatility of 5.75%. This indicates that EUHY experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUHY | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 5.75% | -4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 13.53% | -10.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 19.20% | -13.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.00% | 22.52% | -12.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.43% | 23.04% | -12.61% |
EUHY vs. IWM - Expense Ratio Comparison
EUHY has a 0.35% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
EUHY vs. IWM - Dividend Comparison
EUHY's dividend yield for the trailing twelve months is around 5.33%, more than IWM's 0.88% 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% |
IWM iShares Russell 2000 ETF | 0.88% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
EUHY and IWM have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (5.75%) compared to EUHY (1.07%). In terms of maximum drawdown, EUHY dropped -32.45% vs IWM's -59.05%.
On 10-year performance, IWM leads with 10.93% vs 3.65% for EUHY. On fees, IWM is cheaper at 0.19% 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 10-year period, IWM has performed better with a 10.93% return vs 3.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWM is cheaper with a 0.19% expense ratio, compared with 0.35% for EUHY.
EUHY has the higher dividend yield at 5.33%, compared with 0.88% for IWM.
EUHY is categorized as High Yield Bonds, while IWM is Small Cap Blend Equities. EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while IWM tracks Russell 2000 Index. Their fees differ too: 0.35% for EUHY and 0.19% for IWM.
IWM currently has the higher Sharpe Ratio (2.05 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.
Find the right allocation for EUHY and IWM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer