HYLE.DE vs. EURUSD=X
HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) is High Yield Bonds fund tracking the iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while EURUSD=X (EUR/USD) is a currency. Over the past 5 years, HYLE.DE returned 2.18%/yr vs -0.00%/yr for EURUSD=X. At a correlation of -0.02, they often move in opposite directions.
Performance
HYLE.DE vs. EURUSD=X - Performance Comparison
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Different Trading Currencies
HYLE.DE is traded in EUR, while EURUSD=X is traded in USD. To make them comparable, the EURUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HYLE.DE achieves a 0.62% return, which is significantly higher than EURUSD=X's 0.02% return.
HYLE.DE
- 1D
- 0.17%
- 1M
- -0.03%
- YTD
- 0.62%
- 6M
- 0.96%
- 1Y
- 3.91%
- 3Y*
- 6.29%
- 5Y*
- 2.18%
- 10Y*
- —
EURUSD=X
- 1D
- 0.03%
- 1M
- 0.01%
- YTD
- 0.02%
- 6M
- -0.00%
- 1Y
- 0.02%
- 3Y*
- 0.01%
- 5Y*
- -0.00%
- 10Y*
- 0.00%
HYLE.DE vs. EURUSD=X - 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% |
EURUSD=X EUR/USD | 0.02% | -0.03% | 0.01% | 0.07% | -0.18% | 0.16% | -0.12% | 0.34% |
Correlation
The correlation between HYLE.DE and EURUSD=X is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | -0.02 |
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Return for Risk
HYLE.DE vs. EURUSD=X — Risk / Return Rank
HYLE.DE
EURUSD=X
HYLE.DE vs. EURUSD=X - 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 EUR/USD (EURUSD=X). 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 | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.00 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.03 | +1.42 |
| Martin ratioReturn relative to average drawdown | 6.60 | 0.15 | +6.45 |
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 | EURUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.02 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | -0.00 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.00 | +0.31 |
Drawdowns
HYLE.DE vs. EURUSD=X - Drawdown Comparison
The maximum HYLE.DE drawdown since its inception was -22.59%, which is greater than EURUSD=X's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and EURUSD=X.
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Drawdown Indicators
| HYLE.DE | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -1.76% | -20.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -0.43% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -0.81% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -0.81% | -14.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.22% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.72% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -0.72% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.09% | +0.54% |
Volatility
HYLE.DE vs. EURUSD=X - Volatility Comparison
iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) has a higher volatility of 1.06% compared to EUR/USD (EURUSD=X) at 0.23%. This indicates that HYLE.DE's price experiences larger fluctuations and is considered to be riskier than EURUSD=X 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 | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.23% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 0.56% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 0.75% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 0.74% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 1.15% | +7.24% |
Frequently Asked Questions
HYLE.DE and EURUSD=X have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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