HYLE.DE vs. NQSE.DE
HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) 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 NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, HYLE.DE returned 2.18%/yr vs 14.91%/yr for NQSE.DE. A 0.59 correlation means they provide meaningful diversification when combined. HYLE.DE charges 0.55%/yr vs 0.33%/yr for NQSE.DE.
Performance
HYLE.DE vs. NQSE.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 NQSE.DE's 17.82% 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*
- —
NQSE.DE
- 1D
- -0.77%
- 1M
- 6.66%
- YTD
- 17.82%
- 6M
- 17.09%
- 1Y
- 35.67%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
HYLE.DE vs. NQSE.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% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -36.29% | 27.37% | 45.23% | 10.61% |
Correlation
The correlation between HYLE.DE and NQSE.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.59 |
The correlation between HYLE.DE and NQSE.DE has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
HYLE.DE vs. NQSE.DE — Risk / Return Rank
HYLE.DE
NQSE.DE
HYLE.DE vs. NQSE.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 NASDAQ 100 UCITS ETF (NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.08 | -1.63 |
| Martin ratioReturn relative to average drawdown | 6.60 | 10.77 | -4.17 |
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 | NQSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 2.28 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.71 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.82 | -0.50 |
Drawdowns
HYLE.DE vs. NQSE.DE - Drawdown Comparison
The maximum HYLE.DE drawdown since its inception was -22.59%, smaller than the maximum NQSE.DE drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and NQSE.DE.
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Drawdown Indicators
| HYLE.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -37.67% | +15.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -11.87% | +9.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -22.40% | +18.35% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -37.67% | +22.29% |
Current DrawdownCurrent decline from peak | -0.23% | -0.84% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -8.56% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 3.40% | -2.77% |
Volatility
HYLE.DE vs. NQSE.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 NASDAQ 100 UCITS ETF (NQSE.DE) has a volatility of 4.75%. This indicates that HYLE.DE experiences smaller price fluctuations and is considered to be less risky than NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 4.75% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 11.99% | -9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 16.05% | -12.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 20.91% | -15.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 21.54% | -13.15% |
HYLE.DE vs. NQSE.DE - Expense Ratio Comparison
HYLE.DE has a 0.55% expense ratio, which is higher than NQSE.DE's 0.33% expense ratio.
Dividends
HYLE.DE vs. NQSE.DE - Dividend Comparison
HYLE.DE's dividend yield for the trailing twelve months is around 5.36%, while NQSE.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% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYLE.DE and NQSE.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NQSE.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NQSE.DE is cheaper with a 0.33% expense ratio, compared with 0.55% for HYLE.DE.
HYLE.DE is categorized as High Yield Bonds, while NQSE.DE is Nasdaq-100. HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while NQSE.DE tracks NASDAQ-100 Index. Their fees differ too: 0.55% for HYLE.DE and 0.33% for NQSE.DE.
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