CEB0.DE vs. HY3M.DE
CEB0.DE (iShares China CNY Bond UCITS ETF EUR Hedged Dist) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both Emerging Markets Bonds funds - CEB0.DE tracks the Bloomberg Barclays China Treasury + Policy Bank Index while HY3M.DE tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. Over the past year, CEB0.DE returned 1.57% vs 9.61% for HY3M.DE. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.
Performance
CEB0.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEB0.DE achieves a 2.14% return, which is significantly lower than HY3M.DE's 6.76% return.
CEB0.DE
- 1D
- 0.00%
- 1M
- 0.37%
- 6M
- 1.99%
- YTD
- 2.14%
- 1Y
- 1.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HY3M.DE
- 1D
- 0.18%
- 1M
- 0.99%
- 6M
- 4.21%
- YTD
- 6.76%
- 1Y
- 9.61%
- 3Y*
- 9.20%
- 5Y*
- 3.45%
- 10Y*
- —
CEB0.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 2.14% | 0.43% | 6.85% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.76% | -3.30% | 12.25% |
Correlation
The correlation between CEB0.DE and HY3M.DE is 0.05, 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 | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.03 |
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Return for Risk
CEB0.DE vs. HY3M.DE — Risk / Return Rank
CEB0.DE
HY3M.DE
CEB0.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.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.
| CEB0.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.11 | -1.46 |
| Martin ratioReturn relative to average drawdown | 3.67 | 9.17 | -5.50 |
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Drawdowns
CEB0.DE vs. HY3M.DE - Drawdown Comparison
The maximum CEB0.DE drawdown since its inception was -1.83%, smaller than the maximum HY3M.DE drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for CEB0.DE and HY3M.DE.
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Drawdown Indicators
| CEB0.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.83% | -21.08% | +19.25% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -3.08% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.09% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.58% | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.77% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -7.04% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.04% | -0.64% |
Volatility
CEB0.DE vs. HY3M.DE - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) is 0.43%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.80%. This indicates that CEB0.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
| CEB0.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 1.80% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 5.09% | -3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.75% | 6.74% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.01% | 8.60% | -6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 13.19% | -11.18% |
CEB0.DE vs. HY3M.DE - Expense Ratio Comparison
Both CEB0.DE and HY3M.DE have an expense ratio of 0.40%.
Dividends
CEB0.DE vs. HY3M.DE - Dividend Comparison
CEB0.DE's dividend yield for the trailing twelve months is around 1.71%, while HY3M.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.71% | 1.84% | 1.43% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CEB0.DE and HY3M.DE have a correlation of 0.05, 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 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CEB0.DE and HY3M.DE have the same expense ratio: 0.40% per year.
CEB0.DE tracks Bloomberg Barclays China Treasury + Policy Bank Index, while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: iShares and VanEck.
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