IBC2.DE vs. HYLE.DE
IBC2.DE (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) and HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) are both High Yield Bonds funds from iShares - IBC2.DE tracks the Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged) while HYLE.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged). Both are passively managed. Over the past 5 years, IBC2.DE returned 1.62%/yr vs 2.18%/yr for HYLE.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.
Performance
IBC2.DE vs. HYLE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC2.DE achieves a 0.98% return, which is significantly lower than HYLE.DE's 1.31% return.
IBC2.DE
- 1D
- 0.00%
- 1M
- 0.52%
- 6M
- 0.98%
- YTD
- 0.98%
- 1Y
- 3.60%
- 3Y*
- 6.22%
- 5Y*
- 1.62%
- 10Y*
- —
HYLE.DE
- 1D
- 0.00%
- 1M
- 0.77%
- 6M
- 1.54%
- YTD
- 1.31%
- 1Y
- 3.63%
- 3Y*
- 6.45%
- 5Y*
- 2.18%
- 10Y*
- —
IBC2.DE vs. HYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 0.98% | 7.02% | 4.85% | 8.05% | -11.78% | 3.08% | 2.84% | 2.76% |
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% | 2.41% | 3.61% |
Correlation
The correlation between IBC2.DE and HYLE.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.75 |
The correlation between IBC2.DE and HYLE.DE shifts across timeframes, from 0.57 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC2.DE vs. HYLE.DE — Risk / Return Rank
IBC2.DE
HYLE.DE
IBC2.DE vs. HYLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) and iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.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.
| IBC2.DE | HYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.24 | -0.06 |
| Martin ratioReturn relative to average drawdown | 5.24 | 5.62 | -0.38 |
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Drawdowns
IBC2.DE vs. HYLE.DE - Drawdown Comparison
The maximum IBC2.DE drawdown since its inception was -22.54%, roughly equal to the maximum HYLE.DE drawdown of -22.51%. Use the drawdown chart below to compare losses from any high point for IBC2.DE and HYLE.DE.
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Drawdown Indicators
| IBC2.DE | HYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -22.51% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.91% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -3.96% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -15.44% | -0.27% |
Current DrawdownCurrent decline from peak | -0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -3.48% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.64% | +0.05% |
Volatility
IBC2.DE vs. HYLE.DE - Volatility Comparison
iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) and iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) have volatilities of 0.91% and 0.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC2.DE | HYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.88% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 3.03% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 3.81% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.95% | 5.96% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.21% | 8.27% | -0.06% |
IBC2.DE vs. HYLE.DE - Expense Ratio Comparison
Both IBC2.DE and HYLE.DE have an expense ratio of 0.55%.
Dividends
IBC2.DE vs. HYLE.DE - Dividend Comparison
IBC2.DE's dividend yield for the trailing twelve months is around 6.19%, less than HYLE.DE's 6.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.19% | 6.07% | 6.33% | 5.59% | 5.13% | 4.34% | 4.82% | 5.58% | 3.90% |
Frequently Asked Questions
IBC2.DE and HYLE.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBC2.DE and HYLE.DE have the same expense ratio: 0.55% per year.
IBC2.DE tracks Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged), while HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged).
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