HYLE.DE vs. 6PSC.DE
HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) and 6PSC.DE (Invesco FTSE RAFI Europe UCITS ETF) are both exchange-traded funds - HYLE.DE is a High Yield Bonds fund tracking the iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while 6PSC.DE is a Europe Equities fund tracking the FTSE RAFI Europe. Both are passively managed. Over the past 5 years, HYLE.DE returned 2.18%/yr vs 12.72%/yr for 6PSC.DE. A 0.57 correlation means they provide meaningful diversification when combined. HYLE.DE charges 0.55%/yr vs 0.39%/yr for 6PSC.DE.
Performance
HYLE.DE vs. 6PSC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HYLE.DE achieves a 0.62% return, which is significantly lower than 6PSC.DE's 8.79% return.
HYLE.DE
- 1D
- 0.17%
- 1M
- 0.41%
- YTD
- 0.62%
- 6M
- 1.13%
- 1Y
- 4.13%
- 3Y*
- 6.29%
- 5Y*
- 2.18%
- 10Y*
- —
6PSC.DE
- 1D
- 0.50%
- 1M
- 2.73%
- YTD
- 8.79%
- 6M
- 11.58%
- 1Y
- 21.99%
- 3Y*
- 18.36%
- 5Y*
- 12.72%
- 10Y*
- 10.23%
HYLE.DE vs. 6PSC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | 0.62% | 5.98% | 5.45% | 9.62% | -10.62% | 3.02% | 2.52% | 3.53% |
6PSC.DE Invesco FTSE RAFI Europe UCITS ETF | 8.79% | 28.47% | 10.65% | 16.01% | -4.18% | 26.14% | -8.74% | 5.55% |
Correlation
The correlation between HYLE.DE and 6PSC.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.57 |
The correlation between HYLE.DE and 6PSC.DE has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.
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Return for Risk
HYLE.DE vs. 6PSC.DE — Risk / Return Rank
HYLE.DE
6PSC.DE
HYLE.DE vs. 6PSC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) and Invesco FTSE RAFI Europe UCITS ETF (6PSC.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.
| HYLE.DE | 6PSC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.66 | -1.20 |
| Martin ratioReturn relative to average drawdown | 6.60 | 9.93 | -3.33 |
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
| HYLE.DE | 6PSC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.92 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.87 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.52 | -0.21 |
Drawdowns
HYLE.DE vs. 6PSC.DE - Drawdown Comparison
The maximum HYLE.DE drawdown since its inception was -22.59%, smaller than the maximum 6PSC.DE drawdown of -39.52%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and 6PSC.DE.
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Drawdown Indicators
| HYLE.DE | 6PSC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -39.52% | +16.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -8.23% | +5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -15.44% | +11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -17.94% | +2.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.52% | — |
Current DrawdownCurrent decline from peak | -0.23% | -1.23% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -6.73% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.21% | -1.58% |
Volatility
HYLE.DE vs. 6PSC.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) is 1.06%, while Invesco FTSE RAFI Europe UCITS ETF (6PSC.DE) has a volatility of 3.45%. This indicates that HYLE.DE experiences smaller price fluctuations and is considered to be less risky than 6PSC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYLE.DE | 6PSC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 3.45% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 9.05% | -6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 11.39% | -7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 14.40% | -8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 17.34% | -8.95% |
HYLE.DE vs. 6PSC.DE - Expense Ratio Comparison
HYLE.DE has a 0.55% expense ratio, which is higher than 6PSC.DE's 0.39% expense ratio.
Dividends
HYLE.DE vs. 6PSC.DE - Dividend Comparison
HYLE.DE's dividend yield for the trailing twelve months is around 5.36%, more than 6PSC.DE's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
6PSC.DE Invesco FTSE RAFI Europe UCITS ETF | 2.75% | 3.05% | 3.57% | 3.59% | 3.41% | 2.75% | 2.06% | 3.55% | 3.67% | 2.80% | 2.83% | 2.73% |
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | 5.36% | 5.34% | 5.38% | 4.76% | 4.17% | 3.83% | 4.50% | 1.75% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYLE.DE and 6PSC.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSC.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSC.DE is cheaper with a 0.39% expense ratio, compared with 0.55% for HYLE.DE.
HYLE.DE is categorized as High Yield Bonds, while 6PSC.DE is Europe Equities. HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while 6PSC.DE tracks FTSE RAFI Europe. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for HYLE.DE and 0.39% for 6PSC.DE.
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