HYLE.DE vs. ISPA.DE
HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) 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 ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 5 years, HYLE.DE returned 2.18%/yr vs 11.00%/yr for ISPA.DE. A 0.54 correlation means they provide meaningful diversification when combined. HYLE.DE charges 0.55%/yr vs 0.46%/yr for ISPA.DE.
Performance
HYLE.DE vs. ISPA.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 ISPA.DE's 13.48% 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*
- —
ISPA.DE
- 1D
- 0.49%
- 1M
- 1.28%
- YTD
- 13.48%
- 6M
- 15.35%
- 1Y
- 29.45%
- 3Y*
- 18.65%
- 5Y*
- 11.00%
- 10Y*
- 8.98%
HYLE.DE vs. ISPA.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% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 13.48% | 19.72% | 12.97% | 4.80% | 0.43% | 22.39% | -9.12% | 7.24% |
Correlation
The correlation between HYLE.DE and ISPA.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.54 |
The correlation between HYLE.DE and ISPA.DE has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
HYLE.DE vs. ISPA.DE — Risk / Return Rank
HYLE.DE
ISPA.DE
HYLE.DE vs. ISPA.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 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.
| HYLE.DE | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.62 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 8.10 | -6.64 |
| Martin ratioReturn relative to average drawdown | 6.60 | 28.73 | -22.13 |
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 | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 3.35 | -2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.91 | -0.54 |
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 | 0.68 | -0.36 |
Drawdowns
HYLE.DE vs. ISPA.DE - Drawdown Comparison
The maximum HYLE.DE drawdown since its inception was -22.59%, smaller than the maximum ISPA.DE drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and ISPA.DE.
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Drawdown Indicators
| HYLE.DE | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -38.91% | +16.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.63% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -15.10% | +11.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -15.10% | -0.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.91% | — |
Current DrawdownCurrent decline from peak | -0.23% | -1.09% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -4.46% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 1.03% | -0.40% |
Volatility
HYLE.DE vs. ISPA.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 STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) has a volatility of 2.62%. This indicates that HYLE.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
| HYLE.DE | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 2.62% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 6.51% | -3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 8.77% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 12.00% | -6.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 14.79% | -6.40% |
HYLE.DE vs. ISPA.DE - Expense Ratio Comparison
HYLE.DE has a 0.55% expense ratio, which is higher than ISPA.DE's 0.46% expense ratio.
Dividends
HYLE.DE vs. ISPA.DE - Dividend Comparison
HYLE.DE's dividend yield for the trailing twelve months is around 5.36%, more than ISPA.DE's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
HYLE.DE and ISPA.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISPA.DE is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISPA.DE is cheaper with a 0.46% expense ratio, compared with 0.55% for HYLE.DE.
HYLE.DE is categorized as High Yield Bonds, while ISPA.DE is Global Equities. HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while ISPA.DE tracks STOXX® Global Select Dividend 100 index. Their fees differ too: 0.55% for HYLE.DE and 0.46% for ISPA.DE.
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