EUNR.DE vs. EHBA.DE
EUNR.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist)) and EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) are both European Corporate Bonds funds - EUNR.DE tracks the Bloomberg Euro Corporate ex-Financials Bond while EHBA.DE tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index. Both are passively managed. Over the past 5 years, EUNR.DE returned -0.77%/yr vs 1.71%/yr for EHBA.DE. At a 0.45 correlation, their price movements are largely independent. EUNR.DE charges 0.20%/yr vs 0.39%/yr for EHBA.DE.
Performance
EUNR.DE vs. EHBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNR.DE achieves a -1.09% return, which is significantly lower than EHBA.DE's 0.92% return.
EUNR.DE
- 1D
- 0.01%
- 1M
- -0.62%
- 6M
- -0.11%
- YTD
- -1.09%
- 1Y
- -0.34%
- 3Y*
- 3.39%
- 5Y*
- -0.77%
- 10Y*
- 0.41%
EHBA.DE
- 1D
- 0.07%
- 1M
- -0.46%
- 6M
- 0.55%
- YTD
- 0.92%
- 1Y
- 3.13%
- 3Y*
- 8.01%
- 5Y*
- 1.71%
- 10Y*
- —
EUNR.DE vs. EHBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | -1.09% | 2.63% | 3.48% | 7.31% | -13.61% | -1.23% | 1.91% |
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.92% | 5.24% | 10.78% | 9.40% | -14.85% | 1.16% | 3.63% |
Correlation
The correlation between EUNR.DE and EHBA.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.45 |
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Return for Risk
EUNR.DE vs. EHBA.DE — Risk / Return Rank
EUNR.DE
EHBA.DE
EUNR.DE vs. EHBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) and Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE). 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.
| EUNR.DE | EHBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.14 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 0.84 | -0.93 |
| Martin ratioReturn relative to average drawdown | -0.25 | 2.95 | -3.20 |
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Drawdowns
EUNR.DE vs. EHBA.DE - Drawdown Comparison
The maximum EUNR.DE drawdown since its inception was -17.49%, smaller than the maximum EHBA.DE drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for EUNR.DE and EHBA.DE.
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Drawdown Indicators
| EUNR.DE | EHBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.49% | -20.61% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.46% | -3.72% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.46% | -3.72% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -20.61% | +3.12% |
Max Drawdown (10Y)Largest decline over 10 years | -17.49% | — | — |
Current DrawdownCurrent decline from peak | -4.46% | -1.01% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -5.49% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.06% | +0.28% |
Volatility
EUNR.DE vs. EHBA.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) is 0.74%, while Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a volatility of 1.07%. This indicates that EUNR.DE experiences smaller price fluctuations and is considered to be less risky than EHBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNR.DE | EHBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.07% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 3.70% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 4.21% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.62% | 5.04% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.56% | 4.83% | -0.27% |
EUNR.DE vs. EHBA.DE - Expense Ratio Comparison
EUNR.DE has a 0.20% expense ratio, which is lower than EHBA.DE's 0.39% expense ratio.
Dividends
EUNR.DE vs. EHBA.DE - Dividend Comparison
EUNR.DE's dividend yield for the trailing twelve months is around 2.82%, while EHBA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 1.45% | 2.65% | 2.25% | 1.50% | 0.90% | 0.81% | 0.88% | 1.25% | 1.35% | 1.42% | 1.84% | 1.03% |
Frequently Asked Questions
EUNR.DE and EHBA.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNR.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNR.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for EHBA.DE.
EUNR.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while EHBA.DE tracks Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for EUNR.DE and 0.39% for EHBA.DE.
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