- Issuer
- VanEck
- Inception Date
- Mar 20, 2018
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Bonds, High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
HY3M.DE Performance Chart
VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) is up 6.3% since the beginning of the year. HY3M.DE is currently trading at €121 per share. Investors who bought €1,000 worth of HY3M.DE shares 5 years ago would now be looking at an investment worth €1,180.
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Returns By Period
VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has returned 6.33% so far this year and 9.36% over the past 12 months.
VanEck Emerging Markets High Yield Bond UCITS ETF
- 1D
- -0.75%
- 1M
- 0.99%
- 6M
- 4.72%
- YTD
- 6.33%
- 1Y
- 9.36%
- 3Y*
- 9.22%
- 5Y*
- 3.37%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
HY3M.DE Monthly Returns History
Based on dividend-adjusted daily data since Mar 20, 2018, HY3M.DE's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +5.5%, while the worst month was Apr 2018 at -17.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HY3M.DE closed higher 53% of trading days. The best single day was May 21, 2018 with a return of +17.3%, while the worst single day was Apr 6, 2018 at -18.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.41% | 1.38% | 0.34% | 0.82% | 1.23% | 2.18% | -0.19% | 6.33% | |||||
| 2025 | 1.85% | 0.91% | -3.95% | -5.54% | 1.27% | -2.06% | 4.04% | -0.69% | -0.02% | 2.74% | -0.95% | -0.55% | -3.30% |
| 2024 | 2.49% | 1.45% | 1.58% | 0.31% | 0.60% | 2.47% | 1.28% | -1.30% | 0.71% | 2.88% | 3.63% | 0.89% | 18.25% |
| 2023 | 2.16% | 0.19% | -2.03% | -1.69% | 1.62% | -0.39% | 0.34% | 1.62% | 2.08% | -2.07% | 0.66% | 1.69% | 4.13% |
| 2022 | -1.10% | -5.28% | -1.23% | 2.74% | -2.96% | -3.56% | 3.84% | 1.66% | -2.66% | -2.72% | 4.39% | -0.55% | -7.66% |
| 2021 | 1.04% | 1.14% | 2.20% | -1.49% | -0.90% | 3.94% | -1.79% | 1.67% | 0.76% | -0.56% | 1.19% | 0.07% | 7.35% |
Benchmark Metrics
VanEck Emerging Markets High Yield Bond UCITS ETF has an annualized alpha of 1.04%, beta of 0.17, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since March 20, 2018.
- This ETF participated in 33.23% of S&P 500 Index downside but only 20.85% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.17 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.04%
- Beta
- 0.17
- R²
- 0.06
- Upside Capture
- 20.85%
- Downside Capture
- 33.23%
Expense Ratio
HY3M.DE has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HY3M.DE ranks 65 for risk / return — better than 65% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) and compare them to S&P 500 Index.
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.
| HY3M.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 3.01 | +0.40 |
| Martin ratioReturn relative to average drawdown | 10.01 | 11.10 | -1.10 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Emerging Markets High Yield Bond UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck Emerging Markets High Yield Bond UCITS ETF was 21.08%, occurring on Mar 23, 2020. Recovery took 1035 trading sessions.
The current VanEck Emerging Markets High Yield Bond UCITS ETF drawdown is 1.17%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.08%Mar 2020 | 1mo 1d | 4y 21d | 4y 1moFeb 2020 - Apr 2024 | COVID crash2020 |
-19.37%Apr 2018 | 5d | 1y 8mo | 1y 8moApr 2018 - Dec 2019 | — |
-12.09%Apr 2025 | 1mo 29d | 1y 2mo | 1y 4moFeb 2025 - Jun 2026 | 2025 selloff2025 |
-2.60%Aug 2024 | 4d | 1mo 27d | 2mo 1dAug 2024 - Oct 2024 | — |
-1.94%Jan 2025 | 10d | 10d | 20dJan 2025 - Feb 2025 | — |
Drawdown Indicators
| HY3M.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -51.17% | +30.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -7.57% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -23.99% | +11.90% |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | -23.99% | +10.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -1.17% | -0.52% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -8.90% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.04% | -0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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