IE1A.DE vs. EHBA.DE
IE1A.DE (iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc) and EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) are both European Corporate Bonds funds - IE1A.DE tracks the Bloomberg Euro Corporate 1-5 Year 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 3 years, IE1A.DE returned 4.21%/yr vs 8.01%/yr for EHBA.DE. At a 0.41 correlation, their price movements are largely independent. IE1A.DE charges 0.20%/yr vs 0.39%/yr for EHBA.DE.
Performance
IE1A.DE vs. EHBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IE1A.DE achieves a 0.55% return, which is significantly lower than EHBA.DE's 0.92% return.
IE1A.DE
- 1D
- 0.00%
- 1M
- -0.18%
- 6M
- 0.18%
- YTD
- 0.55%
- 1Y
- 1.48%
- 3Y*
- 4.21%
- 5Y*
- —
- 10Y*
- —
EHBA.DE
- 1D
- 0.07%
- 1M
- -0.46%
- 6M
- 0.55%
- YTD
- 0.92%
- 1Y
- 3.13%
- 3Y*
- 8.01%
- 5Y*
- 1.71%
- 10Y*
- —
IE1A.DE vs. EHBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IE1A.DE iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc | 0.55% | 3.21% | 4.33% | 5.83% | -3.81% |
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.92% | 5.24% | 10.78% | 9.40% | -5.67% |
Correlation
The correlation between IE1A.DE and EHBA.DE 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 | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | 0.41 |
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Return for Risk
IE1A.DE vs. EHBA.DE — Risk / Return Rank
IE1A.DE
EHBA.DE
IE1A.DE vs. EHBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc (IE1A.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.
| IE1A.DE | EHBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.84 | -0.02 |
| Martin ratioReturn relative to average drawdown | 2.76 | 2.95 | -0.19 |
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Drawdowns
IE1A.DE vs. EHBA.DE - Drawdown Comparison
The maximum IE1A.DE drawdown since its inception was -5.61%, smaller than the maximum EHBA.DE drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for IE1A.DE and EHBA.DE.
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Drawdown Indicators
| IE1A.DE | EHBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.61% | -20.61% | +15.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.81% | -3.72% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -1.81% | -3.72% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.61% | — |
Current DrawdownCurrent decline from peak | -0.54% | -1.01% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -1.17% | -5.49% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 1.06% | -0.53% |
Volatility
IE1A.DE vs. EHBA.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond 1-5yr UCITS ETF EUR Acc (IE1A.DE) is 0.62%, while Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a volatility of 1.07%. This indicates that IE1A.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
| IE1A.DE | EHBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 1.07% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 3.70% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.35% | 4.21% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.08% | 5.04% | -1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 4.83% | -1.75% |
IE1A.DE vs. EHBA.DE - Expense Ratio Comparison
IE1A.DE has a 0.20% expense ratio, which is lower than EHBA.DE's 0.39% expense ratio.
Dividends
IE1A.DE vs. EHBA.DE - Dividend Comparison
Neither IE1A.DE nor EHBA.DE has paid dividends to shareholders.
Frequently Asked Questions
IE1A.DE and EHBA.DE 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.
On fees, IE1A.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE1A.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for EHBA.DE.
IE1A.DE tracks Bloomberg Euro Corporate 1-5 Year 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 IE1A.DE and 0.39% for EHBA.DE.
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