3SUD.DE vs. HY3M.DE
3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both Emerging Markets Bonds funds - 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged) while HY3M.DE tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. Over the past 5 years, 3SUD.DE returned -0.52%/yr vs 3.42%/yr for HY3M.DE. At a correlation of -0.03, they often move in opposite directions. 3SUD.DE charges 0.50%/yr vs 0.40%/yr for HY3M.DE.
Performance
3SUD.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3SUD.DE achieves a 0.76% return, which is significantly lower than HY3M.DE's 6.57% return.
3SUD.DE
- 1D
- 0.00%
- 1M
- -0.75%
- 6M
- 0.76%
- YTD
- 0.76%
- 1Y
- 7.52%
- 3Y*
- 6.66%
- 5Y*
- -0.52%
- 10Y*
- —
HY3M.DE
- 1D
- -0.53%
- 1M
- 0.85%
- 6M
- 4.46%
- YTD
- 6.57%
- 1Y
- 10.78%
- 3Y*
- 9.31%
- 5Y*
- 3.42%
- 10Y*
- —
3SUD.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.76% | 11.46% | 3.74% | 7.58% | -20.68% | -3.62% | 3.56% | 6.39% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.57% | -3.30% | 18.25% | 4.13% | -7.66% | 7.35% | -3.67% | 8.08% |
Correlation
The correlation between 3SUD.DE and HY3M.DE is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | -0.03 |
The correlation between 3SUD.DE and HY3M.DE shifts across timeframes, from -0.17 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3SUD.DE vs. HY3M.DE — Risk / Return Rank
3SUD.DE
HY3M.DE
3SUD.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) and VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.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.
| 3SUD.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.49 | -1.95 |
| Martin ratioReturn relative to average drawdown | 6.43 | 10.25 | -3.82 |
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Drawdowns
3SUD.DE vs. HY3M.DE - Drawdown Comparison
The maximum 3SUD.DE drawdown since its inception was -30.80%, which is greater than HY3M.DE's maximum drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for 3SUD.DE and HY3M.DE.
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Drawdown Indicators
| 3SUD.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.80% | -21.08% | -9.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.88% | -3.08% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -12.09% | +4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -30.55% | -13.58% | -16.97% |
Current DrawdownCurrent decline from peak | -4.17% | -0.95% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -7.04% | -4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.04% | +0.13% |
Volatility
3SUD.DE vs. HY3M.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) is 1.24%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.89%. This indicates that 3SUD.DE experiences smaller price fluctuations and is considered to be less risky than HY3M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3SUD.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.89% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 5.11% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.39% | 6.83% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.03% | 8.61% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 13.20% | -2.64% |
3SUD.DE vs. HY3M.DE - Expense Ratio Comparison
3SUD.DE has a 0.50% expense ratio, which is higher than HY3M.DE's 0.40% expense ratio.
Dividends
3SUD.DE vs. HY3M.DE - Dividend Comparison
Neither 3SUD.DE nor HY3M.DE has paid dividends to shareholders.
Frequently Asked Questions
3SUD.DE and HY3M.DE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HY3M.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HY3M.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for 3SUD.DE.
3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged), while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.50% for 3SUD.DE and 0.40% for HY3M.DE.
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