DAGB.L vs. HYEM.L

Last updated Jul 18, 2026

DAGB.L (VanEck Digital Assets Equity UCITS ETF A USD Acc) and HYEM.L (VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc)) are both exchange-traded funds - DAGB.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while HYEM.L is a Emerging Markets Bonds fund tracking the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. Over the past 5 years, DAGB.L returned -3.13%/yr vs 3.24%/yr for HYEM.L. At a 0.01 correlation, their price movements are largely independent. DAGB.L charges 0.65%/yr vs 0.40%/yr for HYEM.L.

Performance

DAGB.L vs. HYEM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Digital Assets Equity UCITS ETF A USD Acc (DAGB.L) and VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYEM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DAGB.L is traded in GBP, while HYEM.L is traded in USD. To make them comparable, the HYEM.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, DAGB.L achieves a 0.80% return, which is significantly lower than HYEM.L's 3.70% return.

DAGB.L

• 1D: -4.96%
• 1M: -23.52%
• 6M: -19.91%
• YTD: 0.80%
• 1Y: -10.65%
• 3Y*: 23.47%
• 5Y*: -3.13%
• 10Y*: —

HYEM.L

• 1D: 0.16%
• 1M: -1.50%
• 6M: 2.28%
• YTD: 3.70%
• 1Y: 7.64%
• 3Y*: 8.75%
• 5Y*: 3.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DAGB.L vs. HYEM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DAGB.L VanEck Digital Assets Equity UCITS ETF A USD Acc	0.80%	2.70%	31.12%	326.16%	-85.21%	-24.14%
HYEM.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc)	3.70%	1.22%	13.85%	2.19%	-2.51%	0.99%

Correlation

The correlation between DAGB.L and HYEM.L is 0.00, 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	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (All Time) Calculated using the full available price history since May 6, 2021	0.01

Return for Risk

DAGB.L vs. HYEM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DAGB.L

DAGB.L Risk / Return Rank: 8
DAGB.L Sharpe Ratio Rank: 8
DAGB.L Sortino Ratio Rank: 10
DAGB.L Omega Ratio Rank: 10
DAGB.L Calmar Ratio Rank: 7
DAGB.L Martin Ratio Rank: 8

HYEM.L

HYEM.L Risk / Return Rank: 74
HYEM.L Sharpe Ratio Rank: 66
HYEM.L Sortino Ratio Rank: 75
HYEM.L Omega Ratio Rank: 82
HYEM.L Calmar Ratio Rank: 72
HYEM.L Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DAGB.L vs. HYEM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Assets Equity UCITS ETF A USD Acc (DAGB.L) and VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYEM.L). 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.

	DAGB.L	HYEM.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	1.00	-1.17
Sortino ratio: Return per unit of downside risk	0.16	1.44	-1.28
Omega ratio: Gain probability vs. loss probability	1.02	1.18	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.23	1.87	-2.10
Martin ratio: Return relative to average drawdown	-0.39	5.05	-5.45

DAGB.L vs. HYEM.L - Sharpe Ratio Comparison

The current DAGB.L Sharpe Ratio is -0.18, which is lower than the HYEM.L Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of DAGB.L and HYEM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DAGB.L vs. HYEM.L - Drawdown Comparison

The maximum DAGB.L drawdown since its inception was -91.23%, which is greater than HYEM.L's maximum drawdown of -15.44%. Use the drawdown chart below to compare losses from any high point for DAGB.L and HYEM.L.

Drawdown Indicators

	DAGB.L	HYEM.L	Difference
Max Drawdown Largest peak-to-trough decline	-91.23%	-15.44%	-75.79%
Max Drawdown (1Y) Largest decline over 1 year	-45.63%	-4.06%	-41.57%
Max Drawdown (3Y) Largest decline over 3 years	-58.48%	-9.01%	-49.47%
Max Drawdown (5Y) Largest decline over 5 years	-91.23%	-13.20%	-78.03%
Current Drawdown Current decline from peak	-48.16%	-2.02%	-46.14%
Average Drawdown Average peak-to-trough decline	-57.09%	-3.64%	-53.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.93%	1.51%	+25.42%

Volatility

DAGB.L vs. HYEM.L - Volatility Comparison

VanEck Digital Assets Equity UCITS ETF A USD Acc (DAGB.L) has a higher volatility of 13.35% compared to VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc) (HYEM.L) at 1.87%. This indicates that DAGB.L's price experiences larger fluctuations and is considered to be riskier than HYEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAGB.L	HYEM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.35%	1.87%	+11.48%
Volatility (6M) Calculated over the trailing 6-month period	40.16%	5.88%	+34.28%
Volatility (1Y) Calculated over the trailing 1-year period	59.81%	7.63%	+52.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.93%	9.99%	+61.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.35%	10.09%	+61.26%

DAGB.L vs. HYEM.L - Expense Ratio Comparison

DAGB.L has a 0.65% expense ratio, which is higher than HYEM.L's 0.40% expense ratio.

Dividends

DAGB.L vs. HYEM.L - Dividend Comparison

Neither DAGB.L nor HYEM.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
DAGB.L VanEck Digital Assets Equity UCITS ETF A USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%
HYEM.L VanEck Emerging Markets High Yield Bond UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.09%

Frequently Asked Questions

Can I hold both DAGB.L and HYEM.L in my portfolio?

DAGB.L and HYEM.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DAGB.L or HYEM.L?

On fees, HYEM.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DAGB.L or HYEM.L?

HYEM.L is cheaper with a 0.40% expense ratio, compared with 0.65% for DAGB.L.

What is the main difference between DAGB.L and HYEM.L?

DAGB.L is categorized as Technology Equities, while HYEM.L is Emerging Markets Bonds. DAGB.L tracks MSCI World/Information Tech NR USD, while HYEM.L tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Their fees differ too: 0.65% for DAGB.L and 0.40% for HYEM.L.