IHYG.L vs. EUNY.DE
IHYG.L (iShares € High Yield Corp Bond UCITS ETF EUR (Dist)) and EUNY.DE (iShares Emerging Markets Dividend UCITS ETF) are both exchange-traded funds - IHYG.L is a European High Yield Bonds fund tracking the Markit iBoxx Euro Liquid High Yield Index, while EUNY.DE is a Emerging Markets Equities fund tracking the Dow Jones Emerging Markets Select Dividend. Both are passively managed. Over the past 10 years, IHYG.L returned 3.09%/yr vs 7.14%/yr for EUNY.DE. At a 0.42 correlation, their price movements are largely independent. IHYG.L charges 0.50%/yr vs 0.65%/yr for EUNY.DE.
Performance
IHYG.L vs. EUNY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IHYG.L achieves a 0.54% return, which is significantly lower than EUNY.DE's 11.46% return. Over the past 10 years, IHYG.L has underperformed EUNY.DE with an annualized return of 3.09%, while EUNY.DE has yielded a comparatively higher 7.14% annualized return.
IHYG.L
- 1D
- -0.07%
- 1M
- 0.31%
- YTD
- 0.54%
- 6M
- 1.38%
- 1Y
- 2.99%
- 3Y*
- 6.08%
- 5Y*
- 2.59%
- 10Y*
- 3.09%
EUNY.DE
- 1D
- -0.55%
- 1M
- -2.33%
- YTD
- 11.46%
- 6M
- 12.72%
- 1Y
- 25.16%
- 3Y*
- 17.26%
- 5Y*
- 5.28%
- 10Y*
- 7.14%
IHYG.L vs. EUNY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 0.54% | 5.32% | 5.71% | 11.34% | -9.47% | 3.04% | 1.14% | 9.70% | -3.57% | 4.81% |
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 11.46% | 13.97% | 12.39% | 15.37% | -26.13% | 19.99% | -11.70% | 18.31% | -1.55% | 10.49% |
Correlation
The correlation between IHYG.L and EUNY.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2012 | 0.42 |
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Return for Risk
IHYG.L vs. EUNY.DE — Risk / Return Rank
IHYG.L
EUNY.DE
IHYG.L vs. EUNY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) and iShares Emerging Markets Dividend UCITS ETF (EUNY.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.
| IHYG.L | EUNY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.38 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 6.17 | -5.09 |
| Martin ratioReturn relative to average drawdown | 4.47 | 16.86 | -12.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IHYG.L | EUNY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 2.13 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.34 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.42 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.22 | +0.41 |
Drawdowns
IHYG.L vs. EUNY.DE - Drawdown Comparison
The maximum IHYG.L drawdown since its inception was -25.61%, smaller than the maximum EUNY.DE drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for IHYG.L and EUNY.DE.
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Drawdown Indicators
| IHYG.L | EUNY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.61% | -40.65% | +15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -4.11% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -15.70% | +11.81% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -31.43% | +16.84% |
Max Drawdown (10Y)Largest decline over 10 years | -25.61% | -36.29% | +10.68% |
Current DrawdownCurrent decline from peak | -0.32% | -2.82% | +2.50% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -12.34% | +10.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.51% | -0.84% |
Volatility
IHYG.L vs. EUNY.DE - Volatility Comparison
The current volatility for iShares € High Yield Corp Bond UCITS ETF EUR (Dist) (IHYG.L) is 0.94%, while iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) has a volatility of 4.52%. This indicates that IHYG.L experiences smaller price fluctuations and is considered to be less risky than EUNY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHYG.L | EUNY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 4.52% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 9.70% | -6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 11.90% | -8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 15.58% | -10.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.79% | 16.73% | -9.94% |
IHYG.L vs. EUNY.DE - Expense Ratio Comparison
IHYG.L has a 0.50% expense ratio, which is lower than EUNY.DE's 0.65% expense ratio.
Dividends
IHYG.L vs. EUNY.DE - Dividend Comparison
IHYG.L's dividend yield for the trailing twelve months is around 5.18%, less than EUNY.DE's 5.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNY.DE iShares Emerging Markets Dividend UCITS ETF | 5.32% | 5.82% | 7.72% | 8.04% | 9.56% | 6.35% | 5.09% | 5.57% | 5.65% | 4.09% | 4.35% | 6.37% |
IHYG.L iShares € High Yield Corp Bond UCITS ETF EUR (Dist) | 5.18% | 5.44% | 6.10% | 5.41% | 3.70% | 3.07% | 3.67% | 3.76% | 3.68% | 3.77% | 4.03% | 4.59% |
Frequently Asked Questions
IHYG.L and EUNY.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IHYG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHYG.L is cheaper with a 0.50% expense ratio, compared with 0.65% for EUNY.DE.
IHYG.L is categorized as European High Yield Bonds, while EUNY.DE is Emerging Markets Equities. IHYG.L tracks Markit iBoxx Euro Liquid High Yield Index, while EUNY.DE tracks Dow Jones Emerging Markets Select Dividend. Their fees differ too: 0.50% for IHYG.L and 0.65% for EUNY.DE.
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