HYLE.DE vs. MVED.L
HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) 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 MVED.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, HYLE.DE returned 2.18%/yr vs 6.05%/yr for MVED.L. At a 0.49 correlation, their price movements are largely independent. HYLE.DE charges 0.55%/yr vs 0.25%/yr for MVED.L.
Performance
HYLE.DE vs. MVED.L - 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 MVED.L's 4.65% 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*
- —
MVED.L
- 1D
- 0.33%
- 1M
- 0.58%
- YTD
- 4.65%
- 6M
- 5.79%
- 1Y
- 2.49%
- 3Y*
- 8.12%
- 5Y*
- 6.05%
- 10Y*
- —
HYLE.DE vs. MVED.L - 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% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 4.65% | 8.77% | 8.89% | 10.72% | -12.60% | 21.51% | -3.86% | 8.36% |
Correlation
The correlation between HYLE.DE and MVED.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.49 |
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Return for Risk
HYLE.DE vs. MVED.L — Risk / Return Rank
HYLE.DE
MVED.L
HYLE.DE vs. MVED.L - 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 Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L). 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 | MVED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.06 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.35 | +1.10 |
| Martin ratioReturn relative to average drawdown | 6.60 | 0.78 | +5.82 |
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 | MVED.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.28 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.55 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.52 | -0.21 |
Drawdowns
HYLE.DE vs. MVED.L - Drawdown Comparison
The maximum HYLE.DE drawdown since its inception was -22.59%, smaller than the maximum MVED.L drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and MVED.L.
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Drawdown Indicators
| HYLE.DE | MVED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -30.56% | +7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -7.00% | +4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -10.51% | +6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -19.54% | +4.16% |
Current DrawdownCurrent decline from peak | -0.23% | -4.11% | +3.88% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -5.19% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 3.18% | -2.55% |
Volatility
HYLE.DE vs. MVED.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) is 1.06%, while iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) has a volatility of 2.93%. This indicates that HYLE.DE experiences smaller price fluctuations and is considered to be less risky than MVED.L 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 | MVED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 2.93% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 7.14% | -4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 8.78% | -5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 10.99% | -5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 12.63% | -4.24% |
HYLE.DE vs. MVED.L - Expense Ratio Comparison
HYLE.DE has a 0.55% expense ratio, which is higher than MVED.L's 0.25% expense ratio.
Dividends
HYLE.DE vs. MVED.L - Dividend Comparison
HYLE.DE's dividend yield for the trailing twelve months is around 5.36%, while MVED.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 0.00% | 0.00% | 0.00% | 2.67% | 2.95% | 2.16% | 2.54% | 2.81% | 2.50% |
Frequently Asked Questions
HYLE.DE and MVED.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVED.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVED.L is cheaper with a 0.25% expense ratio, compared with 0.55% for HYLE.DE.
HYLE.DE is categorized as High Yield Bonds, while MVED.L is Europe Equities. HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while MVED.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.55% for HYLE.DE and 0.25% for MVED.L.
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