HYLE.DE vs. EUNA.DE
HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) 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 EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, HYLE.DE returned 2.18%/yr vs -1.29%/yr for EUNA.DE. At a 0.28 correlation, their price movements are largely independent. HYLE.DE charges 0.55%/yr vs 0.10%/yr for EUNA.DE.
Performance
HYLE.DE vs. EUNA.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 higher than EUNA.DE's -0.46% 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*
- —
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
HYLE.DE vs. EUNA.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% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 2.82% |
Correlation
The correlation between HYLE.DE and EUNA.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.28 |
Over the past year, HYLE.DE and EUNA.DE have become more correlated (0.52) than their long-term average of 0.28, meaning their price movements have been converging.
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Return for Risk
HYLE.DE vs. EUNA.DE — Risk / Return Rank
HYLE.DE
EUNA.DE
HYLE.DE vs. EUNA.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 iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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 | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.06 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.43 | +1.03 |
| Martin ratioReturn relative to average drawdown | 6.60 | 1.18 | +5.42 |
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 | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.34 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | -0.28 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.05 | +0.37 |
Drawdowns
HYLE.DE vs. EUNA.DE - Drawdown Comparison
The maximum HYLE.DE drawdown since its inception was -22.59%, which is greater than EUNA.DE's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and EUNA.DE.
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Drawdown Indicators
| HYLE.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -17.79% | -4.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.75% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -4.02% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -17.03% | +1.65% |
Current DrawdownCurrent decline from peak | -0.23% | -8.66% | +8.43% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -6.76% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.99% | -0.36% |
Volatility
HYLE.DE vs. EUNA.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) is 1.06%, while iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) has a volatility of 1.35%. This indicates that HYLE.DE experiences smaller price fluctuations and is considered to be less risky than EUNA.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 | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.35% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.82% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.46% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 4.64% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 4.27% | +4.12% |
HYLE.DE vs. EUNA.DE - Expense Ratio Comparison
HYLE.DE has a 0.55% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
HYLE.DE vs. EUNA.DE - Dividend Comparison
HYLE.DE's dividend yield for the trailing twelve months is around 5.36%, while EUNA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
HYLE.DE and EUNA.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.55% for HYLE.DE.
HYLE.DE is categorized as High Yield Bonds, while EUNA.DE is Global Bonds. HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.55% for HYLE.DE and 0.10% for EUNA.DE.
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