HYLE.DE vs. VDIV.DE
HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders 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 VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, HYLE.DE returned 2.18%/yr vs 17.51%/yr for VDIV.DE. At a 0.47 correlation, their price movements are largely independent. HYLE.DE charges 0.55%/yr vs 0.38%/yr for VDIV.DE.
Performance
HYLE.DE vs. VDIV.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 VDIV.DE's 9.79% 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*
- —
VDIV.DE
- 1D
- 0.23%
- 1M
- 0.01%
- YTD
- 9.79%
- 6M
- 12.73%
- 1Y
- 25.64%
- 3Y*
- 19.95%
- 5Y*
- 17.51%
- 10Y*
- —
HYLE.DE vs. VDIV.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% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.79% | 24.55% | 15.67% | 11.47% | 15.47% | 27.92% | -11.00% | 6.01% |
Correlation
The correlation between HYLE.DE and VDIV.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.47 |
The correlation between HYLE.DE and VDIV.DE shifts across timeframes, from 0.33 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYLE.DE vs. VDIV.DE — Risk / Return Rank
HYLE.DE
VDIV.DE
HYLE.DE vs. VDIV.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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 | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.51 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 6.94 | -5.48 |
| Martin ratioReturn relative to average drawdown | 6.60 | 20.46 | -13.86 |
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 | VDIV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 2.73 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 1.45 | -1.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.94 | -0.63 |
Drawdowns
HYLE.DE vs. VDIV.DE - Drawdown Comparison
The maximum HYLE.DE drawdown since its inception was -22.59%, smaller than the maximum VDIV.DE drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and VDIV.DE.
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Drawdown Indicators
| HYLE.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -36.12% | +13.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.68% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -15.12% | +11.07% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -15.12% | -0.26% |
Current DrawdownCurrent decline from peak | -0.23% | -2.39% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -4.22% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 1.25% | -0.62% |
Volatility
HYLE.DE vs. VDIV.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) is 1.06%, while VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) has a volatility of 2.82%. This indicates that HYLE.DE experiences smaller price fluctuations and is considered to be less risky than VDIV.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 | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 2.82% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 6.79% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 9.36% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 11.92% | -6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 15.36% | -6.97% |
HYLE.DE vs. VDIV.DE - Expense Ratio Comparison
HYLE.DE has a 0.55% expense ratio, which is higher than VDIV.DE's 0.38% expense ratio.
Dividends
HYLE.DE vs. VDIV.DE - Dividend Comparison
HYLE.DE's dividend yield for the trailing twelve months is around 5.36%, more than VDIV.DE's 3.19% yield.
| 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% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.19% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% |
Frequently Asked Questions
HYLE.DE and VDIV.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDIV.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDIV.DE is cheaper with a 0.38% expense ratio, compared with 0.55% for HYLE.DE.
HYLE.DE is categorized as High Yield Bonds, while VDIV.DE is Global Equities. HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.55% for HYLE.DE and 0.38% for VDIV.DE.
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