ASRC.DE vs. HY3M.DE
ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both Emerging Markets Bonds funds - ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified 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, ASRC.DE returned 1.52%/yr vs 2.81%/yr for HY3M.DE. At a 0.24 correlation, their price movements are largely independent. ASRC.DE charges 0.25%/yr vs 0.40%/yr for HY3M.DE.
Performance
ASRC.DE vs. HY3M.DE - Performance Comparison
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Different Trading Currencies
ASRC.DE is traded in USD, while HY3M.DE is traded in EUR. To make them comparable, the HY3M.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ASRC.DE achieves a 1.57% return, which is significantly lower than HY3M.DE's 3.94% return.
ASRC.DE
- 1D
- 0.00%
- 1M
- -0.58%
- 6M
- 1.76%
- YTD
- 1.57%
- 1Y
- 9.25%
- 3Y*
- 8.11%
- 5Y*
- 1.52%
- 10Y*
- —
HY3M.DE
- 1D
- 0.14%
- 1M
- 0.43%
- 6M
- 2.77%
- YTD
- 3.94%
- 1Y
- 8.10%
- 3Y*
- 9.88%
- 5Y*
- 2.81%
- 10Y*
- —
ASRC.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF | 1.57% | 13.42% | 5.17% | 9.72% | -17.46% | -0.70% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 3.94% | 9.17% | 11.49% | 7.42% | -12.75% | -0.81% |
Correlation
The correlation between ASRC.DE and HY3M.DE is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.24 |
The correlation between ASRC.DE and HY3M.DE shifts across timeframes, from 0.10 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ASRC.DE vs. HY3M.DE — Risk / Return Rank
ASRC.DE
HY3M.DE
ASRC.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.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.
| ASRC.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.30 | -1.24 |
| Martin ratioReturn relative to average drawdown | 8.04 | 11.84 | -3.80 |
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Drawdowns
ASRC.DE vs. HY3M.DE - Drawdown Comparison
The maximum ASRC.DE drawdown since its inception was -27.88%, roughly equal to the maximum HY3M.DE drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for ASRC.DE and HY3M.DE.
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Drawdown Indicators
| ASRC.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.88% | -27.80% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -2.45% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.28% | -6.45% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -27.88% | -25.07% | -2.81% |
Current DrawdownCurrent decline from peak | -0.93% | -0.57% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -10.27% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.68% | +0.47% |
Volatility
ASRC.DE vs. HY3M.DE - Volatility Comparison
The current volatility for BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) is 0.87%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.91%. This indicates that ASRC.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
| ASRC.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 1.91% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.58% | 4.75% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 5.73% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 7.68% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.12% | 12.76% | -4.64% |
ASRC.DE vs. HY3M.DE - Expense Ratio Comparison
ASRC.DE has a 0.25% expense ratio, which is lower than HY3M.DE's 0.40% expense ratio.
Dividends
ASRC.DE vs. HY3M.DE - Dividend Comparison
Neither ASRC.DE nor HY3M.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRC.DE and HY3M.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRC.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRC.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for HY3M.DE.
ASRC.DE tracks JP Morgan ESG EMBI Global Diversified, while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: BNP Paribas and VanEck. Their fees differ too: 0.25% for ASRC.DE and 0.40% for HY3M.DE.
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