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VLUE vs. EUHY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VLUE vs. EUHY

Last updated Jun 9, 2026

VLUE (iShares Edge MSCI USA Value Factor ETF) and EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both exchange-traded funds - VLUE is a Large Cap Value Equities fund tracking the MSCI USA Value Weighted Index, 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, VLUE returned 15.02%/yr vs 3.68%/yr for EUHY. At a 0.30 correlation, their price movements are largely independent. VLUE charges 0.15%/yr vs 0.35%/yr for EUHY.

Performance

VLUE vs. EUHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Value Factor ETF (VLUE) 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, VLUE achieves a 43.65% return, which is significantly higher than EUHY's 1.70% return. Over the past 10 years, VLUE has outperformed EUHY with an annualized return of 15.02%, while EUHY has yielded a comparatively lower 3.68% annualized return.

VLUE

1D
1.90%
1M
7.11%
YTD
43.65%
6M
46.05%
1Y
83.03%
3Y*
31.74%
5Y*
15.73%
10Y*
15.02%

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)

VLUE vs. EUHY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VLUE
iShares Edge MSCI USA Value Factor ETF		43.65%32.67%7.25%14.26%-14.17%28.93%-0.23%27.20%-11.13%21.95%
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 VLUE and EUHY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.43

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

0.39

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

0.47

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

0.37

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2013

0.30

The correlation between VLUE and EUHY shifts across timeframes, from 0.30 (all time) to 0.47 (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.

iShares Edge MSCI USA Value Factor ETF

iShares Euro High Yield Corporate Bond USD Hedged ETF

Often compared with VLUE:
VLUE vs. AVLVVLUE vs. VLUVLUE vs. VOOVLUE vs. IUSVVLUE vs. QVALVLUE vs. SCHVVLUE vs. SCHD
Often compared with EUHY:
EUHY vs. XHYHEUHY vs. LDRHEUHY vs. USHYEUHY vs. IBHDEUHY vs. SGOVEUHY vs. IWMEUHY vs. THY

Return for Risk

VLUE vs. EUHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VLUE
VLUE Risk / Return Rank: 9797
Overall Rank
VLUE Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
VLUE Sortino Ratio Rank: 9797
Sortino Ratio Rank
VLUE Omega Ratio Rank: 9696
Omega Ratio Rank
VLUE Calmar Ratio Rank: 9797
Calmar Ratio Rank
VLUE Martin Ratio Rank: 9797
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.

VLUE vs. EUHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor ETF (VLUE) 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.

VLUEEUHYDifference
Sharpe ratioReturn per unit of total volatility
4.65
1.00

+3.65

Sortino ratioReturn per unit of downside risk
5.85
1.45

+4.40

Omega ratioGain probability vs. loss probability

1.79

1.19

+0.60

Calmar ratioReturn relative to maximum drawdown

9.24

1.57

+7.67

Martin ratioReturn relative to average drawdown

40.39

3.75

+36.64

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

VLUE vs. EUHY - Sharpe Ratio Comparison

The current VLUE Sharpe Ratio is 4.65, which is higher than the EUHY Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of VLUE 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

VLUEEUHYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.65

1.00

+3.65

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.88

0.18

+0.70

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.35

+0.40

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.34

+0.40

Drawdowns

VLUE vs. EUHY - Drawdown Comparison

The maximum VLUE drawdown since its inception was -39.47%, which is greater than EUHY's maximum drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for VLUE and EUHY.

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Drawdown Indicators

VLUEEUHYDifference

Max Drawdown

Largest peak-to-trough decline

-39.47%

-32.45%

-7.02%

Max Drawdown (1Y)

Largest decline over 1 year

-9.04%

-3.50%

-5.54%

Max Drawdown (3Y)

Largest decline over 3 years

-17.89%

-8.23%

-9.66%

Max Drawdown (5Y)

Largest decline over 5 years

-27.12%

-32.45%

+5.33%

Max Drawdown (10Y)

Largest decline over 10 years

-39.47%

-32.45%

-7.02%

Current Drawdown

Current decline from peak

-3.99%

-0.38%

-3.61%

Average Drawdown

Average peak-to-trough decline

-6.01%

-8.58%

+2.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

1.46%

+0.60%

Volatility

VLUE vs. EUHY - Volatility Comparison

iShares Edge MSCI USA Value Factor ETF (VLUE) has a higher volatility of 9.02% compared to iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) at 1.03%. This indicates that VLUE'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

VLUEEUHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.02%

1.03%

+7.99%

Volatility (6M)

Calculated over the trailing 6-month period

14.83%

2.89%

+11.94%

Volatility (1Y)

Calculated over the trailing 1-year period

17.97%

5.51%

+12.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.91%

10.00%

+7.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.88%

10.42%

+9.46%

VLUE vs. EUHY - Expense Ratio Comparison

VLUE has a 0.15% expense ratio, which is lower than EUHY's 0.35% expense ratio.

Dividends

VLUE vs. EUHY - Dividend Comparison

VLUE's dividend yield for the trailing twelve months is around 1.45%, 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%
VLUE
iShares Edge MSCI USA Value Factor ETF		1.45%2.11%2.73%2.66%3.18%2.22%2.42%2.61%2.70%2.14%2.07%2.39%

Frequently Asked Questions

VLUE and EUHY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VLUE has higher volatility (9.02%) compared to EUHY (1.03%). In terms of maximum drawdown, VLUE dropped -39.47% vs EUHY's -32.45%.

On 10-year performance, VLUE leads with 15.02% vs 3.68% for EUHY. On fees, VLUE is cheaper at 0.15% 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, VLUE has performed better with a 15.02% return vs 3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VLUE is cheaper with a 0.15% expense ratio, compared with 0.35% for EUHY.

EUHY has the higher dividend yield at 5.35%, compared with 1.45% for VLUE.

VLUE is categorized as Large Cap Value Equities, while EUHY is High Yield Bonds. VLUE tracks MSCI USA Value Weighted Index, while EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. Their fees differ too: 0.15% for VLUE and 0.35% for EUHY.

VLUE currently has the higher Sharpe Ratio (4.65 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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