EUHY vs. VCIT
EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond 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 VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 10 years, EUHY returned 3.68%/yr vs 2.85%/yr for VCIT. At a 0.27 correlation, their price movements are largely independent. EUHY charges 0.35%/yr vs 0.03%/yr for VCIT.
Performance
EUHY vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, EUHY achieves a 1.70% return, which is significantly higher than VCIT's -0.26% return. Over the past 10 years, EUHY has outperformed VCIT with an annualized return of 3.68%, while VCIT has yielded a comparatively lower 2.85% annualized return.
EUHY
- 1D
- -0.12%
- 1M
- 0.05%
- YTD
- 1.70%
- 6M
- 2.27%
- 1Y
- 5.47%
- 3Y*
- 9.44%
- 5Y*
- 1.82%
- 10Y*
- 3.68%
VCIT
- 1D
- -0.01%
- 1M
- -0.79%
- YTD
- -0.26%
- 6M
- 0.06%
- 1Y
- 5.98%
- 3Y*
- 6.04%
- 5Y*
- 1.04%
- 10Y*
- 2.85%
EUHY vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 1.70% | 17.41% | -0.55% | 16.06% | -15.59% | -3.78% | 10.69% | 8.60% | -7.71% | 19.68% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -0.26% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 5.31% |
Correlation
The correlation between EUHY and VCIT is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2012 | 0.27 |
Over the past year, EUHY and VCIT have become more correlated (0.55) than their long-term average of 0.27, meaning their price movements have been converging.
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Return for Risk
EUHY vs. VCIT — Risk / Return Rank
EUHY
VCIT
EUHY vs. VCIT - 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 Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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 | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.03 | -0.46 |
| Martin ratioReturn relative to average drawdown | 3.75 | 6.67 | -2.92 |
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 | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.48 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.16 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.46 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.75 | -0.41 |
Drawdowns
EUHY vs. VCIT - Drawdown Comparison
The maximum EUHY drawdown since its inception was -32.45%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for EUHY and VCIT.
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Drawdown Indicators
| EUHY | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -20.56% | -11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -2.96% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -8.23% | -6.11% | -2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -32.45% | -20.56% | -11.89% |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | -20.56% | -11.89% |
Current DrawdownCurrent decline from peak | -0.38% | -1.79% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -3.16% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 0.90% | +0.56% |
Volatility
EUHY vs. VCIT - Volatility Comparison
The current volatility for iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) is 1.03%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.39%. This indicates that EUHY experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUHY | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.39% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 3.10% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 4.07% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.00% | 6.61% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 6.28% | +4.14% |
EUHY vs. VCIT - Expense Ratio Comparison
EUHY has a 0.35% expense ratio, which is higher than VCIT's 0.03% expense ratio.
Dividends
EUHY vs. VCIT - Dividend Comparison
EUHY's dividend yield for the trailing twelve months is around 5.35%, more than VCIT's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.35% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.82% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
EUHY and VCIT have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCIT has higher volatility (1.39%) compared to EUHY (1.03%). In terms of maximum drawdown, EUHY dropped -32.45% vs VCIT's -20.56%.
On 10-year performance, EUHY leads with 3.68% vs 2.85% for VCIT. On fees, VCIT is cheaper at 0.03% per year. On volatility, EUHY has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EUHY has performed better with a 3.68% return vs 2.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.35% for EUHY.
EUHY has the higher dividend yield at 5.35%, compared with 4.82% for VCIT.
EUHY is categorized as High Yield Bonds, while VCIT is Corporate Bonds. EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for EUHY and 0.03% for VCIT.
VCIT currently has the higher Sharpe Ratio (1.48 vs 1.00), 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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