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GII vs. EUHY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GII vs. EUHY

Last updated Jun 9, 2026

GII (SPDR S&P Global Infrastructure ETF) and EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both exchange-traded funds - GII is a Utilities Equities fund tracking the S&P Global Infrastructure, while EUHY is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. Both are passively managed. Over the past 10 years, GII returned 8.22%/yr vs 3.68%/yr for EUHY. At a 0.44 correlation, their price movements are largely independent. GII charges 0.40%/yr vs 0.35%/yr for EUHY.

Performance

GII vs. EUHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Global Infrastructure ETF (GII) and iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GII achieves a 6.75% return, which is significantly higher than EUHY's 1.70% return. Over the past 10 years, GII has outperformed EUHY with an annualized return of 8.22%, while EUHY has yielded a comparatively lower 3.68% annualized return.

GII

1D
-0.87%
1M
-2.02%
YTD
6.75%
6M
7.80%
1Y
13.78%
3Y*
15.30%
5Y*
9.70%
10Y*
8.22%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GII vs. EUHY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GII
SPDR S&P Global Infrastructure ETF		6.75%21.79%14.30%5.90%-0.54%11.39%-6.81%26.32%-10.08%19.07%
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%

Correlation

The correlation between GII and EUHY is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.49

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Apr 4, 2012

0.44

The correlation between GII and EUHY shifts across timeframes, from 0.41 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P Global Infrastructure ETF

iShares Euro High Yield Corporate Bond USD Hedged ETF

Often compared with GII:
GII vs. IGFGII vs. PAVEGII vs. NFRAGII vs. IFRAGII vs. TOLZGII vs. XLUGII vs. BN
Often compared with EUHY:
EUHY vs. XHYHEUHY vs. LDRHEUHY vs. USHYEUHY vs. IBHDEUHY vs. SGOVEUHY vs. IWMEUHY vs. THY

Return for Risk

GII vs. EUHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GII
GII Risk / Return Rank: 4343
Overall Rank
GII Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
GII Sortino Ratio Rank: 3939
Sortino Ratio Rank
GII Omega Ratio Rank: 3939
Omega Ratio Rank
GII Calmar Ratio Rank: 5252
Calmar Ratio Rank
GII Martin Ratio Rank: 4646
Martin Ratio Rank
EUHY
EUHY Risk / Return Rank: 3131
Overall Rank
EUHY Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
EUHY Sortino Ratio Rank: 2929
Sortino Ratio Rank
EUHY Omega Ratio Rank: 3131
Omega Ratio Rank
EUHY Calmar Ratio Rank: 3535
Calmar Ratio Rank
EUHY Martin Ratio Rank: 2929
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GII vs. EUHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Infrastructure ETF (GII) and iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY). 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.

GIIEUHYDifference
Sharpe ratioReturn per unit of total volatility
1.28
1.00

+0.28

Sortino ratioReturn per unit of downside risk
1.83
1.45

+0.38

Omega ratioGain probability vs. loss probability

1.23

1.19

+0.04

Calmar ratioReturn relative to maximum drawdown

2.33

1.57

+0.76

Martin ratioReturn relative to average drawdown

7.00

3.75

+3.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GII vs. EUHY - Sharpe Ratio Comparison

The current GII Sharpe Ratio is 1.28, which is comparable to the EUHY Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of GII and EUHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GIIEUHYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.28

1.00

+0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.18

+0.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.35

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.34

-0.06

Drawdowns

GII vs. EUHY - Drawdown Comparison

The maximum GII drawdown since its inception was -50.98%, which is greater than EUHY's maximum drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for GII and EUHY.

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Drawdown Indicators

GIIEUHYDifference

Max Drawdown

Largest peak-to-trough decline

-50.98%

-32.45%

-18.53%

Max Drawdown (1Y)

Largest decline over 1 year

-5.94%

-3.50%

-2.44%

Max Drawdown (3Y)

Largest decline over 3 years

-14.31%

-8.23%

-6.08%

Max Drawdown (5Y)

Largest decline over 5 years

-20.67%

-32.45%

+11.78%

Max Drawdown (10Y)

Largest decline over 10 years

-42.84%

-32.45%

-10.39%

Current Drawdown

Current decline from peak

-5.42%

-0.38%

-5.04%

Average Drawdown

Average peak-to-trough decline

-11.51%

-8.58%

-2.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

1.46%

+0.51%

Volatility

GII vs. EUHY - Volatility Comparison

SPDR S&P Global Infrastructure ETF (GII) has a higher volatility of 3.74% compared to iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) at 1.03%. This indicates that GII's price experiences larger fluctuations and is considered to be riskier than EUHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GIIEUHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.74%

1.03%

+2.71%

Volatility (6M)

Calculated over the trailing 6-month period

8.87%

2.89%

+5.98%

Volatility (1Y)

Calculated over the trailing 1-year period

10.81%

5.51%

+5.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.11%

10.00%

+4.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.15%

10.42%

+6.73%

GII vs. EUHY - Expense Ratio Comparison

GII has a 0.40% expense ratio, which is higher than EUHY's 0.35% expense ratio.

Dividends

GII vs. EUHY - Dividend Comparison

GII's dividend yield for the trailing twelve months is around 2.74%, less than EUHY's 5.35% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
GII
SPDR S&P Global Infrastructure ETF		2.74%3.17%3.23%3.70%3.07%2.37%2.66%3.39%3.31%3.38%3.11%3.54%

Frequently Asked Questions

GII and EUHY have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GII has higher volatility (3.74%) compared to EUHY (1.03%). In terms of maximum drawdown, GII dropped -50.98% vs EUHY's -32.45%.

On 10-year performance, GII leads with 8.22% vs 3.68% for EUHY. On fees, EUHY is cheaper at 0.35% 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, GII has performed better with a 8.22% return vs 3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EUHY is cheaper with a 0.35% expense ratio, compared with 0.40% for GII.

EUHY has the higher dividend yield at 5.35%, compared with 2.74% for GII.

GII is categorized as Utilities Equities, while EUHY is High Yield Bonds. GII tracks S&P Global Infrastructure, while EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for GII and 0.35% for EUHY.

GII currently has the higher Sharpe Ratio (1.28 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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