AYE2.DE vs. SXRH.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) and iShares USD TIPS 0-5 UCITS ETF USD (Dist) (SXRH.DE).

AYE2.DE and SXRH.DE 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. SXRH.DE is a passively managed fund by iShares that tracks the performance of the ICE US Treasury Inflation-Linked Bond 0-5 Years. It was launched on Apr 20, 2017. Both AYE2.DE and SXRH.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AYE2.DE vs. SXRH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) and iShares USD TIPS 0-5 UCITS ETF USD (Dist) (SXRH.DE). The values are adjusted to include any dividend payments, if applicable.

AYE2.DE vs. SXRH.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc	-1.12%	5.88%	6.36%	10.77%	-10.72%	0.80%
SXRH.DE iShares USD TIPS 0-5 UCITS ETF USD (Dist)	2.50%	-5.76%	14.60%	4.61%	3.48%	8.56%

Returns By Period

In the year-to-date period, AYE2.DE achieves a -1.12% return, which is significantly lower than SXRH.DE's 2.50% return.

AYE2.DE

• 1D: 0.94%
• 1M: -1.40%
• YTD: -1.12%
• 6M: -0.05%
• 1Y: 4.04%
• 3Y*: 6.52%
• 5Y*: —
• 10Y*: —

SXRH.DE

• 1D: -0.70%
• 1M: 1.00%
• YTD: 2.50%
• 6M: 2.38%
• 1Y: -3.29%
• 3Y*: 4.87%
• 5Y*: 5.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AYE2.DE vs. SXRH.DE - Expense Ratio Comparison

AYE2.DE has a 0.25% expense ratio, which is higher than SXRH.DE's 0.10% 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%.

AYE2.DE

iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc

SXRH.DE

iShares USD TIPS 0-5 UCITS ETF USD (Dist)

Return for Risk

AYE2.DE vs. SXRH.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AYE2.DE

AYE2.DE Risk / Return Rank: 55
AYE2.DE Sharpe Ratio Rank: 57
AYE2.DE Sortino Ratio Rank: 56
AYE2.DE Omega Ratio Rank: 55
AYE2.DE Calmar Ratio Rank: 48
AYE2.DE Martin Ratio Rank: 59

SXRH.DE

SXRH.DE Risk / Return Rank: 5
SXRH.DE Sharpe Ratio Rank: 5
SXRH.DE Sortino Ratio Rank: 4
SXRH.DE Omega Ratio Rank: 4
SXRH.DE Calmar Ratio Rank: 6
SXRH.DE Martin Ratio Rank: 7

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.

AYE2.DE vs. SXRH.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 USD TIPS 0-5 UCITS ETF USD (Dist) (SXRH.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	SXRH.DE	Difference
Sharpe ratio Return per unit of total volatility	1.06	-0.40	+1.46
Sortino ratio Return per unit of downside risk	1.52	-0.50	+2.03
Omega ratio Gain probability vs. loss probability	1.22	0.94	+0.28
Calmar ratio Return relative to maximum drawdown	1.36	-0.39	+1.75
Martin ratio Return relative to average drawdown	6.18	-0.61	+6.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AYE2.DE vs. SXRH.DE - Sharpe Ratio Comparison

The current AYE2.DE Sharpe Ratio is 1.06, which is higher than the SXRH.DE Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of AYE2.DE and SXRH.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AYE2.DE	SXRH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	-0.40	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.52	-0.12

Correlation

The correlation between AYE2.DE and SXRH.DE is -0.22. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

AYE2.DE vs. SXRH.DE - Dividend Comparison

AYE2.DE has not paid dividends to shareholders, while SXRH.DE's dividend yield for the trailing twelve months is around 5.99%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
SXRH.DE iShares USD TIPS 0-5 UCITS ETF USD (Dist)	5.99%	6.14%	9.84%	8.76%	0.72%	0.78%	4.65%	6.24%	2.28%	0.77%

Drawdowns

AYE2.DE vs. SXRH.DE - Drawdown Comparison

The maximum AYE2.DE drawdown since its inception was -16.48%, which is greater than SXRH.DE's maximum drawdown of -13.17%. Use the drawdown chart below to compare losses from any high point for AYE2.DE and SXRH.DE.

Drawdown Indicators

	AYE2.DE	SXRH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.48%	-13.17%	-3.31%
Max Drawdown (1Y) Largest decline over 1 year	-3.10%	-7.14%	+4.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-12.14%	—
Current Drawdown Current decline from peak	-1.88%	-5.80%	+3.92%
Average Drawdown Average peak-to-trough decline	-4.07%	-4.33%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	4.49%	-3.81%

Volatility

AYE2.DE vs. SXRH.DE - Volatility Comparison

iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) has a higher volatility of 2.14% compared to iShares USD TIPS 0-5 UCITS ETF USD (Dist) (SXRH.DE) at 2.02%. This indicates that AYE2.DE's price experiences larger fluctuations and is considered to be riskier than SXRH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AYE2.DE	SXRH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	2.02%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	2.63%	4.06%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	8.25%	-4.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.28%	8.10%	-2.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.28%	7.45%	-2.17%