EUN1.DE vs. IHYG.L
EUN1.DE (iShares STOXX Europe 50 UCITS ETF) and IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - EUN1.DE is a Europe Equities fund tracking the STOXX® Europe 50, while IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index. Both are passively managed. Over the past 10 years, EUN1.DE returned 9.16%/yr vs 3.09%/yr for IHYG.L. A 0.54 correlation means they provide meaningful diversification when combined. EUN1.DE charges 0.35%/yr vs 0.50%/yr for IHYG.L.
Performance
EUN1.DE vs. IHYG.L - Performance Comparison
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Returns By Period
In the year-to-date period, EUN1.DE achieves a 7.28% return, which is significantly higher than IHYG.L's 0.54% return. Over the past 10 years, EUN1.DE has outperformed IHYG.L with an annualized return of 9.16%, while IHYG.L has yielded a comparatively lower 3.09% annualized return.
EUN1.DE
- 1D
- 0.78%
- 1M
- 2.62%
- YTD
- 7.28%
- 6M
- 9.74%
- 1Y
- 15.85%
- 3Y*
- 12.02%
- 5Y*
- 11.08%
- 10Y*
- 9.16%
IHYG.L
- 1D
- -0.07%
- 1M
- 0.31%
- YTD
- 0.54%
- 6M
- 1.38%
- 1Y
- 2.99%
- 3Y*
- 6.08%
- 5Y*
- 2.59%
- 10Y*
- 3.09%
EUN1.DE vs. IHYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN1.DE iShares STOXX Europe 50 UCITS ETF | 7.28% | 17.86% | 7.29% | 14.83% | -1.88% | 26.01% | -6.66% | 28.44% | -10.45% | 9.14% |
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 0.54% | 5.32% | 5.71% | 11.34% | -9.47% | 3.04% | 1.14% | 9.70% | -3.57% | 4.81% |
Correlation
The correlation between EUN1.DE and IHYG.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2010 | 0.54 |
The correlation between EUN1.DE and IHYG.L has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
EUN1.DE vs. IHYG.L — Risk / Return Rank
EUN1.DE
IHYG.L
EUN1.DE vs. IHYG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (EUN1.DE) and iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L). 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.
| EUN1.DE | IHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.08 | +0.61 |
| Martin ratioReturn relative to average drawdown | 5.92 | 4.47 | +1.45 |
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
| EUN1.DE | IHYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.84 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.48 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.45 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.64 | -0.48 |
Drawdowns
EUN1.DE vs. IHYG.L - Drawdown Comparison
The maximum EUN1.DE drawdown since its inception was -62.27%, which is greater than IHYG.L's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for EUN1.DE and IHYG.L.
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Drawdown Indicators
| EUN1.DE | IHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.27% | -25.61% | -36.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -2.76% | -6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -17.40% | -3.89% | -13.51% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -14.59% | -2.81% |
Max Drawdown (10Y)Largest decline over 10 years | -32.50% | -25.61% | -6.89% |
Current DrawdownCurrent decline from peak | -1.72% | -0.32% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -2.04% | -18.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 0.67% | +2.08% |
Volatility
EUN1.DE vs. IHYG.L - Volatility Comparison
iShares STOXX Europe 50 UCITS ETF (EUN1.DE) has a higher volatility of 4.21% compared to iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) at 0.94%. This indicates that EUN1.DE's price experiences larger fluctuations and is considered to be riskier than IHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN1.DE | IHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 0.94% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 3.07% | +7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 3.56% | +9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 5.44% | +8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 6.79% | +8.47% |
EUN1.DE vs. IHYG.L - Expense Ratio Comparison
EUN1.DE has a 0.35% expense ratio, which is lower than IHYG.L's 0.50% expense ratio.
Dividends
EUN1.DE vs. IHYG.L - Dividend Comparison
EUN1.DE's dividend yield for the trailing twelve months is around 2.41%, less than IHYG.L's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN1.DE iShares STOXX Europe 50 UCITS ETF | 2.41% | 2.41% | 2.62% | 2.55% | 2.61% | 2.22% | 2.41% | 2.94% | 3.53% | 3.22% | 3.28% | 3.05% |
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 5.18% | 5.44% | 6.10% | 5.41% | 3.70% | 3.07% | 3.67% | 3.76% | 3.68% | 3.77% | 4.03% | 4.59% |
Frequently Asked Questions
EUN1.DE and IHYG.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN1.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN1.DE is cheaper with a 0.35% expense ratio, compared with 0.50% for IHYG.L.
EUN1.DE is categorized as Europe Equities, while IHYG.L is European High Yield Bonds. EUN1.DE tracks STOXX® Europe 50, while IHYG.L tracks Markit iBoxx Euro Liquid High Yield Index. Their fees differ too: 0.35% for EUN1.DE and 0.50% for IHYG.L.
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