EUIG vs. IVV
EUIG (iShares Euro Investment Grade Corporate Bond USD Hedged ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - EUIG is a European Corporate Bonds fund tracking the BBG Euro Corporate Index, 100% USD Hedged, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. At a 0.39 correlation, their price movements are largely independent. EUIG charges 0.18%/yr vs 0.03%/yr for IVV.
Performance
EUIG vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, EUIG achieves a 2.27% return, which is significantly lower than IVV's 7.17% return.
EUIG
- 1D
- 0.19%
- 1M
- 1.01%
- YTD
- 2.27%
- 6M
- 2.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- -0.86%
- 1M
- -2.92%
- YTD
- 7.17%
- 6M
- 5.89%
- 1Y
- 20.19%
- 3Y*
- 20.14%
- 5Y*
- 12.83%
- 10Y*
- 15.48%
EUIG vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 2.27% | -0.14% |
IVV iShares Core S&P 500 ETF | 7.17% | 0.95% |
Correlation
The correlation between EUIG and IVV is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025 | 0.39 |
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Return for Risk
EUIG vs. IVV — Risk / Return Rank
EUIG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVV
EUIG vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Investment Grade Corporate Bond USD Hedged ETF (EUIG) and iShares Core S&P 500 ETF (IVV). 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.
| EUIG | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.28 | — |
| Martin ratioReturn relative to average drawdown | — | 10.01 | — |
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Drawdowns
EUIG vs. IVV - Drawdown Comparison
The maximum EUIG drawdown since its inception was -2.32%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for EUIG and IVV.
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Drawdown Indicators
| EUIG | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.32% | -55.25% | +52.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.05% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -10.76% | +10.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.02% | — |
Volatility
EUIG vs. IVV - Volatility Comparison
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Volatility by Period
| EUIG | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 12.44% | -9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.14% | 16.98% | -13.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.14% | 18.05% | -14.91% |
EUIG vs. IVV - Expense Ratio Comparison
EUIG has a 0.18% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUIG vs. IVV - Dividend Comparison
EUIG's dividend yield for the trailing twelve months is around 1.59%, more than IVV's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 1.59% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.12% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
EUIG and IVV have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVV is cheaper with a 0.03% expense ratio, compared with 0.18% for EUIG.
EUIG has the higher dividend yield at 1.59%, compared with 1.12% for IVV.
EUIG is categorized as European Corporate Bonds, while IVV is S&P 500. EUIG tracks BBG Euro Corporate Index, 100% USD Hedged, while IVV tracks S&P 500 Index. Their fees differ too: 0.18% for EUIG and 0.03% for IVV.
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