HIGH.L vs. IEAC.AS
HIGH.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)) and IEAC.AS (iShares Core € Corp Bond UCITS ETF) are both exchange-traded funds - HIGH.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while IEAC.AS is a Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index. Both are passively managed. Over the past 5 years, HIGH.L returned 2.62%/yr vs 0.07%/yr for IEAC.AS. At a 0.44 correlation, their price movements are largely independent. HIGH.L charges 0.50%/yr vs 0.20%/yr for IEAC.AS.
Performance
HIGH.L vs. IEAC.AS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HIGH.L achieves a 1.13% return, which is significantly higher than IEAC.AS's 0.58% return.
HIGH.L
- 1D
- 0.32%
- 1M
- 0.80%
- YTD
- 1.13%
- 6M
- 1.62%
- 1Y
- 3.28%
- 3Y*
- 6.14%
- 5Y*
- 2.62%
- 10Y*
- —
IEAC.AS
- 1D
- 0.10%
- 1M
- 0.75%
- YTD
- 0.58%
- 6M
- 0.86%
- 1Y
- 1.79%
- 3Y*
- 4.59%
- 5Y*
- 0.07%
- 10Y*
- 1.02%
HIGH.L vs. IEAC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) | 1.13% | 4.89% | 5.70% | 11.59% | -9.32% | 2.82% | 1.10% | 9.76% | -3.41% | 0.63% |
IEAC.AS iShares Core € Corp Bond UCITS ETF | 0.58% | 3.05% | 4.40% | 7.74% | -13.63% | -1.02% | 2.55% | 6.29% | -1.52% | 0.61% |
Correlation
The correlation between HIGH.L and IEAC.AS is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.44 |
The correlation between HIGH.L and IEAC.AS has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HIGH.L vs. IEAC.AS — Risk / Return Rank
HIGH.L
IEAC.AS
HIGH.L vs. IEAC.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) and iShares Core € Corp Bond UCITS ETF (IEAC.AS). 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.
| HIGH.L | IEAC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.13 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.77 | +0.37 |
| Martin ratioReturn relative to average drawdown | 4.60 | 2.68 | +1.91 |
Loading charts...
Drawdowns
HIGH.L vs. IEAC.AS - Drawdown Comparison
The maximum HIGH.L drawdown since its inception was -25.42%, which is greater than IEAC.AS's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for HIGH.L and IEAC.AS.
Loading charts...
Drawdown Indicators
| HIGH.L | IEAC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -17.26% | -8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.65% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.65% | -2.65% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -14.64% | -17.26% | +2.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.26% | — |
Current DrawdownCurrent decline from peak | -0.00% | -0.99% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -2.73% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.76% | -0.05% |
Volatility
HIGH.L vs. IEAC.AS - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) is 1.09%, while iShares Core € Corp Bond UCITS ETF (IEAC.AS) has a volatility of 1.15%. This indicates that HIGH.L experiences smaller price fluctuations and is considered to be less risky than IEAC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HIGH.L | IEAC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.15% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 2.67% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.02% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 4.42% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.19% | 4.34% | +2.85% |
HIGH.L vs. IEAC.AS - Expense Ratio Comparison
HIGH.L has a 0.50% expense ratio, which is higher than IEAC.AS's 0.20% expense ratio.
Dividends
HIGH.L vs. IEAC.AS - Dividend Comparison
HIGH.L has not paid dividends to shareholders, while IEAC.AS's dividend yield for the trailing twelve months is around 3.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (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% |
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
Frequently Asked Questions
HIGH.L and IEAC.AS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAC.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAC.AS is cheaper with a 0.20% expense ratio, compared with 0.50% for HIGH.L.
HIGH.L is categorized as European High Yield Bonds, while IEAC.AS is Corporate Bonds. HIGH.L tracks Bloomberg Pan Euro HY Euro TR EUR, while IEAC.AS tracks Bloomberg Euro Corporate Bond Index. Their fees differ too: 0.50% for HIGH.L and 0.20% for IEAC.AS.
Find the right allocation for HIGH.L and IEAC.AS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer