VTIP vs. EUHY
VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) and EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both exchange-traded funds - VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year 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, VTIP returned 3.08%/yr vs 3.68%/yr for EUHY. At a 0.25 correlation, their price movements are largely independent. VTIP charges 0.03%/yr vs 0.35%/yr for EUHY.
Performance
VTIP vs. EUHY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VTIP having a 1.76% return and EUHY slightly lower at 1.70%. Over the past 10 years, VTIP has underperformed EUHY with an annualized return of 3.08%, while EUHY has yielded a comparatively higher 3.68% annualized return.
VTIP
- 1D
- 0.00%
- 1M
- -0.18%
- YTD
- 1.76%
- 6M
- 1.89%
- 1Y
- 4.64%
- 3Y*
- 5.17%
- 5Y*
- 3.37%
- 10Y*
- 3.08%
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%
VTIP vs. EUHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.76% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
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 VTIP and EUHY is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2012 | 0.25 |
The correlation between VTIP and EUHY shifts across timeframes, from 0.13 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VTIP vs. EUHY — Risk / Return Rank
VTIP
EUHY
VTIP vs. EUHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) 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.
| VTIP | EUHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +3.87 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.19 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 6.66 | 1.57 | +5.09 |
| Martin ratioReturn relative to average drawdown | 26.11 | 3.75 | +22.36 |
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
| VTIP | EUHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 1.00 | +2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 0.18 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | 0.35 | +0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.34 | +0.54 |
Drawdowns
VTIP vs. EUHY - Drawdown Comparison
The maximum VTIP drawdown since its inception was -6.27%, smaller than the maximum EUHY drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for VTIP and EUHY.
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Drawdown Indicators
| VTIP | EUHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -32.45% | +26.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.70% | -3.50% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -8.23% | +7.25% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -32.45% | +26.95% |
Max Drawdown (10Y)Largest decline over 10 years | -6.27% | -32.45% | +26.18% |
Current DrawdownCurrent decline from peak | -0.30% | -0.38% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -8.58% | +7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 1.46% | -1.28% |
Volatility
VTIP vs. EUHY - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) is 0.45%, while iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) has a volatility of 1.03%. This indicates that VTIP experiences smaller price fluctuations and is considered to be less risky 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
| VTIP | EUHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 1.03% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 2.89% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 5.51% | -4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.78% | 10.00% | -7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.74% | 10.42% | -7.68% |
VTIP vs. EUHY - Expense Ratio Comparison
VTIP has a 0.03% expense ratio, which is lower than EUHY's 0.35% expense ratio.
Dividends
VTIP vs. EUHY - Dividend Comparison
VTIP's dividend yield for the trailing twelve months is around 3.59%, less than EUHY's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% |
Frequently Asked Questions
VTIP and EUHY have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUHY has higher volatility (1.03%) compared to VTIP (0.45%). In terms of maximum drawdown, VTIP dropped -6.27% vs EUHY's -32.45%.
On 10-year performance, EUHY leads with 3.68% vs 3.08% for VTIP. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EUHY has performed better with a 3.68% return vs 3.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.35% for EUHY.
EUHY has the higher dividend yield at 5.35%, compared with 3.59% for VTIP.
VTIP is categorized as Inflation-Protected Bonds, while EUHY is High Yield Bonds. VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index, while EUHY tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for VTIP and 0.35% for EUHY.
VTIP currently has the higher Sharpe Ratio (3.12 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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