EXHE.DE vs. EHBA.DE
EXHE.DE (iShares Pfandbriefe UCITS ETF (DE)) and EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) are both European Corporate Bonds funds - EXHE.DE tracks the iBoxx® Pfandbriefe 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, EXHE.DE returned -1.04%/yr vs 1.70%/yr for EHBA.DE. At a 0.24 correlation, their price movements are largely independent. EXHE.DE charges 0.10%/yr vs 0.39%/yr for EHBA.DE.
Performance
EXHE.DE vs. EHBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHE.DE achieves a 0.01% return, which is significantly lower than EHBA.DE's 0.88% return.
EXHE.DE
- 1D
- 0.05%
- 1M
- -0.34%
- 6M
- -0.35%
- YTD
- 0.01%
- 1Y
- 0.79%
- 3Y*
- 2.97%
- 5Y*
- -1.04%
- 10Y*
- -0.27%
EHBA.DE
- 1D
- -0.04%
- 1M
- -0.13%
- 6M
- 0.24%
- YTD
- 0.88%
- 1Y
- 2.92%
- 3Y*
- 7.84%
- 5Y*
- 1.70%
- 10Y*
- —
EXHE.DE vs. EHBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EXHE.DE iShares Pfandbriefe UCITS ETF (DE) | 0.01% | 2.35% | 2.81% | 5.29% | -13.11% | -2.25% | 0.23% |
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.88% | 5.24% | 10.78% | 9.40% | -14.85% | 1.16% | 3.63% |
Correlation
The correlation between EXHE.DE and EHBA.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.24 |
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Return for Risk
EXHE.DE vs. EHBA.DE — Risk / Return Rank
EXHE.DE
EHBA.DE
EXHE.DE vs. EHBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Pfandbriefe UCITS ETF (DE) (EXHE.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.
| EXHE.DE | EHBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.13 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.76 | -0.45 |
| Martin ratioReturn relative to average drawdown | 0.77 | 2.66 | -1.89 |
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Drawdowns
EXHE.DE vs. EHBA.DE - Drawdown Comparison
The maximum EXHE.DE drawdown since its inception was -16.57%, smaller than the maximum EHBA.DE drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for EXHE.DE and EHBA.DE.
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Drawdown Indicators
| EXHE.DE | EHBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.57% | -20.61% | +4.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -3.72% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -2.20% | -3.72% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -15.41% | -20.61% | +5.20% |
Max Drawdown (10Y)Largest decline over 10 years | -16.57% | — | — |
Current DrawdownCurrent decline from peak | -6.84% | -1.06% | -5.78% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -5.49% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.06% | -0.20% |
Volatility
EXHE.DE vs. EHBA.DE - Volatility Comparison
iShares Pfandbriefe UCITS ETF (DE) (EXHE.DE) has a higher volatility of 1.23% compared to Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) at 1.07%. This indicates that EXHE.DE's price experiences larger fluctuations and is considered to be riskier 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
| EXHE.DE | EHBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.07% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.68% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 4.20% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.99% | 5.04% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 4.82% | -1.59% |
EXHE.DE vs. EHBA.DE - Expense Ratio Comparison
EXHE.DE has a 0.10% expense ratio, which is lower than EHBA.DE's 0.39% expense ratio.
Dividends
EXHE.DE vs. EHBA.DE - Dividend Comparison
EXHE.DE's dividend yield for the trailing twelve months is around 1.75%, 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% |
EXHE.DE iShares Pfandbriefe UCITS ETF (DE) | 1.75% | 1.61% | 1.34% | 0.88% | 0.38% | 0.33% | 0.39% | 0.53% | 0.61% | 0.89% | 1.14% | 1.75% |
Frequently Asked Questions
EXHE.DE and EHBA.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHE.DE is cheaper with a 0.10% expense ratio, compared with 0.39% for EHBA.DE.
EXHE.DE tracks iBoxx® Pfandbriefe, 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: 0.10% for EXHE.DE and 0.39% for EHBA.DE.
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