HYLE.DE vs. UEEF.DE
HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) and UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds from iShares - HYLE.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged) while UEEF.DE tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, HYLE.DE returned 2.18%/yr vs 1.44%/yr for UEEF.DE. A 0.72 correlation means they provide meaningful diversification when combined. HYLE.DE charges 0.55%/yr vs 0.27%/yr for UEEF.DE.
Performance
HYLE.DE vs. UEEF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HYLE.DE achieves a 1.31% return, which is significantly higher than UEEF.DE's 0.70% return.
HYLE.DE
- 1D
- 0.00%
- 1M
- 0.77%
- 6M
- 1.54%
- YTD
- 1.31%
- 1Y
- 3.63%
- 3Y*
- 6.45%
- 5Y*
- 2.18%
- 10Y*
- —
UEEF.DE
- 1D
- -0.17%
- 1M
- 0.52%
- 6M
- 0.87%
- YTD
- 0.70%
- 1Y
- 3.21%
- 3Y*
- 6.52%
- 5Y*
- 1.44%
- 10Y*
- —
HYLE.DE vs. UEEF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | 1.31% | 5.99% | 5.32% | 9.83% | -10.71% | 3.04% | 5.00% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -14.58% | 3.04% | 5.20% |
Correlation
The correlation between HYLE.DE and UEEF.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.72 |
The correlation between HYLE.DE and UEEF.DE shifts across timeframes, from 0.62 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYLE.DE vs. UEEF.DE — Risk / Return Rank
HYLE.DE
UEEF.DE
HYLE.DE vs. UEEF.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 $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYLE.DE | UEEF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.14 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.15 | +0.09 |
| Martin ratioReturn relative to average drawdown | 5.62 | 4.84 | +0.78 |
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Drawdowns
HYLE.DE vs. UEEF.DE - Drawdown Comparison
The maximum HYLE.DE drawdown since its inception was -22.51%, which is greater than UEEF.DE's maximum drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and UEEF.DE.
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Drawdown Indicators
| HYLE.DE | UEEF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.51% | -17.83% | -4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.77% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -5.10% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -17.83% | +2.39% |
Current DrawdownCurrent decline from peak | 0.00% | -0.17% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -4.89% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.65% | -0.01% |
Volatility
HYLE.DE vs. UEEF.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) is 0.88%, while iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) has a volatility of 1.20%. This indicates that HYLE.DE experiences smaller price fluctuations and is considered to be less risky than UEEF.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 | UEEF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.20% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 3.80% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 4.53% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.96% | 7.11% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.27% | 6.78% | +1.49% |
HYLE.DE vs. UEEF.DE - Expense Ratio Comparison
HYLE.DE has a 0.55% expense ratio, which is higher than UEEF.DE's 0.27% expense ratio.
Dividends
HYLE.DE vs. UEEF.DE - Dividend Comparison
HYLE.DE's dividend yield for the trailing twelve months is around 6.87%, while UEEF.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 | 6.87% | 5.34% | 5.38% | 4.76% | 4.17% | 3.83% | 4.50% | 1.75% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYLE.DE and UEEF.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEF.DE is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEF.DE is cheaper with a 0.27% expense ratio, compared with 0.55% for HYLE.DE.
HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Their fees differ too: 0.55% for HYLE.DE and 0.27% for UEEF.DE.
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