AYE2.DE vs. BND
Compare and contrast key facts about iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) and Vanguard Total Bond Market ETF (BND).
AYE2.DE and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AYE2.DE is a passively managed fund by iShares that tracks the performance of the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond. It was launched on Nov 12, 2019. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both AYE2.DE and BND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AYE2.DE or BND.
Key characteristics
| AYE2.DE | BND | |
|---|---|---|
| YTD Return | 5.40% | 2.40% |
| 1Y Return | 10.77% | 8.91% |
| Sharpe Ratio | 3.03 | 1.38 |
| Sortino Ratio | 4.87 | 2.03 |
| Omega Ratio | 1.64 | 1.24 |
| Calmar Ratio | 7.06 | 0.51 |
| Martin Ratio | 27.55 | 4.99 |
| Ulcer Index | 0.37% | 1.62% |
| Daily Std Dev | 3.40% | 5.85% |
| Max Drawdown | -12.23% | -18.84% |
| Current Drawdown | 0.00% | -8.44% |
Correlation
The correlation between AYE2.DE and BND is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AYE2.DE vs. BND - Performance Comparison
In the year-to-date period, AYE2.DE achieves a 5.40% return, which is significantly higher than BND's 2.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AYE2.DE vs. BND - Expense Ratio Comparison
AYE2.DE has a 0.25% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AYE2.DE vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) and Vanguard Total Bond Market ETF (BND). 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.
Dividends
AYE2.DE vs. BND - Dividend Comparison
AYE2.DE has not paid dividends to shareholders, while BND's dividend yield for the trailing twelve months is around 3.55%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AYE2.DE iShares EUR High Yield Corporate Bond ESG 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% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
AYE2.DE vs. BND - Drawdown Comparison
The maximum AYE2.DE drawdown since its inception was -12.23%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for AYE2.DE and BND. For additional features, visit the drawdowns tool.
Volatility
AYE2.DE vs. BND - Volatility Comparison
iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) has a higher volatility of 2.68% compared to Vanguard Total Bond Market ETF (BND) at 1.67%. This indicates that AYE2.DE's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.