HYLE.DE vs. IUSQ.DE
HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (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 IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 5 years, HYLE.DE returned 2.18%/yr vs 12.42%/yr for IUSQ.DE. A 0.59 correlation means they provide meaningful diversification when combined. HYLE.DE charges 0.55%/yr vs 0.20%/yr for IUSQ.DE.
Performance
HYLE.DE vs. IUSQ.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 IUSQ.DE's 12.65% 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*
- —
IUSQ.DE
- 1D
- -0.23%
- 1M
- 5.01%
- YTD
- 12.65%
- 6M
- 13.33%
- 1Y
- 26.56%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
HYLE.DE vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 9.73% |
Correlation
The correlation between HYLE.DE and IUSQ.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
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 | 0.59 |
The correlation between HYLE.DE and IUSQ.DE has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
HYLE.DE vs. IUSQ.DE — Risk / Return Rank
HYLE.DE
IUSQ.DE
HYLE.DE vs. IUSQ.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 MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.43 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 4.08 | -2.63 |
| Martin ratioReturn relative to average drawdown | 6.60 | 16.69 | -10.09 |
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 | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 2.31 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.88 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.76 | -0.45 |
Drawdowns
HYLE.DE vs. IUSQ.DE - Drawdown Comparison
The maximum HYLE.DE drawdown since its inception was -22.59%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and IUSQ.DE.
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Drawdown Indicators
| HYLE.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -33.60% | +11.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -6.48% | +3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -21.25% | +17.20% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -21.25% | +5.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.55% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -4.19% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 1.59% | -0.96% |
Volatility
HYLE.DE vs. IUSQ.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 MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 3.03%. This indicates that HYLE.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 3.03% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 8.26% | -5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 11.47% | -8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 13.94% | -8.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 15.02% | -6.63% |
HYLE.DE vs. IUSQ.DE - Expense Ratio Comparison
HYLE.DE has a 0.55% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
HYLE.DE vs. IUSQ.DE - Dividend Comparison
HYLE.DE's dividend yield for the trailing twelve months is around 5.36%, while IUSQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYLE.DE and IUSQ.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.55% for HYLE.DE.
HYLE.DE is categorized as High Yield Bonds, while IUSQ.DE is Global Equities. HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while IUSQ.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.55% for HYLE.DE and 0.20% for IUSQ.DE.
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