HYLE.DE vs. QDVE.DE
HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) and QDVE.DE (iShares S&P 500 Information Technology Sector 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 QDVE.DE is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 5 years, HYLE.DE returned 2.18%/yr vs 25.33%/yr for QDVE.DE. At a 0.47 correlation, their price movements are largely independent. HYLE.DE charges 0.55%/yr vs 0.15%/yr for QDVE.DE.
Performance
HYLE.DE vs. QDVE.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 QDVE.DE's 24.06% 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*
- —
QDVE.DE
- 1D
- -2.26%
- 1M
- 13.91%
- YTD
- 24.06%
- 6M
- 23.05%
- 1Y
- 49.27%
- 3Y*
- 30.81%
- 5Y*
- 25.33%
- 10Y*
- 26.04%
HYLE.DE vs. QDVE.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% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -25.83% | 46.77% | 29.69% | 18.03% |
Correlation
The correlation between HYLE.DE and QDVE.DE 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 | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.47 |
The correlation between HYLE.DE and QDVE.DE shifts across timeframes, from 0.34 (3 years) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYLE.DE vs. QDVE.DE — Risk / Return Rank
HYLE.DE
QDVE.DE
HYLE.DE vs. QDVE.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 S&P 500 Information Technology Sector UCITS ETF (QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.14 | -1.69 |
| Martin ratioReturn relative to average drawdown | 6.60 | 8.31 | -1.71 |
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 | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 2.40 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 1.10 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 1.07 | -0.76 |
Drawdowns
HYLE.DE vs. QDVE.DE - Drawdown Comparison
The maximum HYLE.DE drawdown since its inception was -22.59%, smaller than the maximum QDVE.DE drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and QDVE.DE.
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Drawdown Indicators
| HYLE.DE | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -31.45% | +8.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -15.59% | +12.76% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -29.83% | +25.78% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -29.83% | +14.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.45% | — |
Current DrawdownCurrent decline from peak | -0.23% | -3.08% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -5.80% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 5.91% | -5.28% |
Volatility
HYLE.DE vs. QDVE.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 S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) has a volatility of 7.12%. This indicates that HYLE.DE experiences smaller price fluctuations and is considered to be less risky than QDVE.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 | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 7.12% | -6.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 14.85% | -12.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 20.42% | -16.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 22.71% | -16.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 21.73% | -13.34% |
HYLE.DE vs. QDVE.DE - Expense Ratio Comparison
HYLE.DE has a 0.55% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
HYLE.DE vs. QDVE.DE - Dividend Comparison
HYLE.DE's dividend yield for the trailing twelve months is around 5.36%, while QDVE.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% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYLE.DE and QDVE.DE 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, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.55% for HYLE.DE.
HYLE.DE is categorized as High Yield Bonds, while QDVE.DE is Technology Equities. HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.55% for HYLE.DE and 0.15% for QDVE.DE.
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