AYE2.DE vs. ISPA.DE
AYE2.DE (iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both exchange-traded funds - AYE2.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 5 years, AYE2.DE returned 2.45%/yr vs 11.00%/yr for ISPA.DE. A 0.55 correlation means they provide meaningful diversification when combined. AYE2.DE charges 0.25%/yr vs 0.46%/yr for ISPA.DE.
Performance
AYE2.DE vs. ISPA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYE2.DE achieves a 0.71% return, which is significantly lower than ISPA.DE's 13.48% return.
AYE2.DE
- 1D
- -0.10%
- 1M
- 0.88%
- YTD
- 0.71%
- 6M
- 1.00%
- 1Y
- 3.78%
- 3Y*
- 6.88%
- 5Y*
- 2.45%
- 10Y*
- —
ISPA.DE
- 1D
- 0.49%
- 1M
- 2.52%
- YTD
- 13.48%
- 6M
- 15.47%
- 1Y
- 29.54%
- 3Y*
- 18.65%
- 5Y*
- 11.00%
- 10Y*
- 8.98%
AYE2.DE vs. ISPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc | 0.71% | 5.88% | 6.36% | 10.77% | -10.72% | 0.80% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 13.48% | 19.72% | 12.97% | 4.80% | 0.43% | 7.45% |
Correlation
The correlation between AYE2.DE and ISPA.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.55 |
The correlation between AYE2.DE and ISPA.DE has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.
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Return for Risk
AYE2.DE vs. ISPA.DE — Risk / Return Rank
AYE2.DE
ISPA.DE
AYE2.DE vs. ISPA.DE - Risk-Adjusted Trends 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 iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.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.
| AYE2.DE | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.62 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 8.10 | -6.88 |
| Martin ratioReturn relative to average drawdown | 5.15 | 28.73 | -23.58 |
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
| AYE2.DE | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 3.35 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.91 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.68 | -0.22 |
Drawdowns
AYE2.DE vs. ISPA.DE - Drawdown Comparison
The maximum AYE2.DE drawdown since its inception was -16.48%, smaller than the maximum ISPA.DE drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for AYE2.DE and ISPA.DE.
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Drawdown Indicators
| AYE2.DE | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -38.91% | +22.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -3.63% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -15.10% | +11.41% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -15.10% | -1.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.91% | — |
Current DrawdownCurrent decline from peak | -0.33% | -1.09% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -4.46% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.03% | -0.30% |
Volatility
AYE2.DE vs. ISPA.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) is 0.98%, while iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) has a volatility of 2.62%. This indicates that AYE2.DE experiences smaller price fluctuations and is considered to be less risky than ISPA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYE2.DE | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 2.62% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 6.51% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 8.77% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 12.00% | -6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 14.79% | -9.53% |
AYE2.DE vs. ISPA.DE - Expense Ratio Comparison
AYE2.DE has a 0.25% expense ratio, which is lower than ISPA.DE's 0.46% expense ratio.
Dividends
AYE2.DE vs. ISPA.DE - Dividend Comparison
AYE2.DE has not paid dividends to shareholders, while ISPA.DE's dividend yield for the trailing twelve months is around 3.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
Frequently Asked Questions
AYE2.DE and ISPA.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYE2.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYE2.DE is cheaper with a 0.25% expense ratio, compared with 0.46% for ISPA.DE.
AYE2.DE is categorized as European High Yield Bonds, while ISPA.DE is Global Equities. AYE2.DE tracks Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while ISPA.DE tracks STOXX® Global Select Dividend 100 index. Their fees differ too: 0.25% for AYE2.DE and 0.46% for ISPA.DE.
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