XTIP.DE vs. HYLE.DE
XTIP.DE (Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C) and HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) are both exchange-traded funds - XTIP.DE is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while HYLE.DE is a High Yield Bonds fund tracking the iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged). Both are passively managed. Over the past 3 years, XTIP.DE returned 1.04%/yr vs 6.29%/yr for HYLE.DE. At a correlation of -0.05, they often move in opposite directions. XTIP.DE charges 0.07%/yr vs 0.55%/yr for HYLE.DE.
Performance
XTIP.DE vs. HYLE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XTIP.DE achieves a 2.69% return, which is significantly higher than HYLE.DE's 0.62% return.
XTIP.DE
- 1D
- -0.02%
- 1M
- 0.81%
- YTD
- 2.69%
- 6M
- 1.65%
- 1Y
- 2.81%
- 3Y*
- 1.04%
- 5Y*
- —
- 10Y*
- —
HYLE.DE
- 1D
- 0.17%
- 1M
- 0.41%
- YTD
- 0.62%
- 6M
- 1.13%
- 1Y
- 4.13%
- 3Y*
- 6.29%
- 5Y*
- 2.18%
- 10Y*
- —
XTIP.DE vs. HYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTIP.DE Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C | 2.69% | -5.01% | 7.81% | 0.02% | -6.46% |
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | 0.62% | 5.98% | 5.45% | 9.62% | 3.97% |
Correlation
The correlation between XTIP.DE and HYLE.DE is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2022 | -0.05 |
The correlation between XTIP.DE and HYLE.DE shifts across timeframes, from -0.12 (1 year) to 0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XTIP.DE vs. HYLE.DE — Risk / Return Rank
XTIP.DE
HYLE.DE
XTIP.DE vs. HYLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C (XTIP.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.
| XTIP.DE | HYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.23 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.45 | -0.72 |
| Martin ratioReturn relative to average drawdown | 1.83 | 6.60 | -4.77 |
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
| XTIP.DE | HYLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 1.20 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.31 | -0.37 |
Drawdowns
XTIP.DE vs. HYLE.DE - Drawdown Comparison
The maximum XTIP.DE drawdown since its inception was -10.79%, smaller than the maximum HYLE.DE drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for XTIP.DE and HYLE.DE.
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Drawdown Indicators
| XTIP.DE | HYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.79% | -22.59% | +11.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | -2.83% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -10.79% | -4.05% | -6.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.38% | — |
Current DrawdownCurrent decline from peak | -5.92% | -0.23% | -5.69% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -3.47% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 0.63% | +0.91% |
Volatility
XTIP.DE vs. HYLE.DE - Volatility Comparison
Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C (XTIP.DE) and iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) have volatilities of 1.05% and 1.06%, 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
| XTIP.DE | HYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.06% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 2.83% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 3.43% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 5.85% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.60% | 8.39% | -0.79% |
XTIP.DE vs. HYLE.DE - Expense Ratio Comparison
XTIP.DE has a 0.07% expense ratio, which is lower than HYLE.DE's 0.55% expense ratio.
Dividends
XTIP.DE vs. HYLE.DE - Dividend Comparison
XTIP.DE has not paid dividends to shareholders, while HYLE.DE's dividend yield for the trailing twelve months is around 5.36%.
| 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% |
XTIP.DE Xtrackers II TIPS US Inflation-Linked Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTIP.DE and HYLE.DE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTIP.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTIP.DE is cheaper with a 0.07% expense ratio, compared with 0.55% for HYLE.DE.
XTIP.DE is categorized as Inflation-Protected Bonds, while HYLE.DE is High Yield Bonds. XTIP.DE tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.07% for XTIP.DE and 0.55% for HYLE.DE.
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