EM1C.DE vs. HY3M.DE
EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both Emerging Markets Bonds funds from VanEck - EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core 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, EM1C.DE returned 2.52%/yr vs 3.37%/yr for HY3M.DE. At a 0.37 correlation, their price movements are largely independent. EM1C.DE charges 0.30%/yr vs 0.40%/yr for HY3M.DE.
Performance
EM1C.DE vs. HY3M.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EM1C.DE achieves a 4.82% return, which is significantly lower than HY3M.DE's 6.33% return.
EM1C.DE
- 1D
- 0.16%
- 1M
- 1.06%
- 6M
- 3.26%
- YTD
- 4.82%
- 1Y
- 9.60%
- 3Y*
- 5.12%
- 5Y*
- 2.52%
- 10Y*
- —
HY3M.DE
- 1D
- -0.75%
- 1M
- 0.99%
- 6M
- 4.72%
- YTD
- 6.33%
- 1Y
- 9.36%
- 3Y*
- 9.22%
- 5Y*
- 3.37%
- 10Y*
- —
EM1C.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 4.82% | 4.52% | 3.70% | 6.43% | -4.55% | -2.31% | -6.15% | 12.06% | -3.79% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | -7.66% | 7.35% | -3.67% | 17.71% | -14.66% |
Correlation
The correlation between EM1C.DE and HY3M.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.37 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EM1C.DE vs. HY3M.DE — Risk / Return Rank
EM1C.DE
HY3M.DE
EM1C.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.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.
| EM1C.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 3.41 | -0.62 |
| Martin ratioReturn relative to average drawdown | 9.38 | 10.01 | -0.63 |
Loading charts...
Drawdowns
EM1C.DE vs. HY3M.DE - Drawdown Comparison
The maximum EM1C.DE drawdown since its inception was -23.47%, 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 EM1C.DE and HY3M.DE.
Loading charts...
Drawdown Indicators
| EM1C.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.47% | -21.08% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -3.08% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -7.21% | -12.09% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -8.70% | -13.58% | +4.88% |
Current DrawdownCurrent decline from peak | -2.64% | -1.17% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -7.04% | -6.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.05% | -0.03% |
Volatility
EM1C.DE vs. HY3M.DE - Volatility Comparison
The current volatility for VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) is 1.06%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.97%. This indicates that EM1C.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.
Loading charts...
Volatility by Period
| EM1C.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.97% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 5.14% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.14% | 6.85% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 8.61% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 13.20% | -3.10% |
EM1C.DE vs. HY3M.DE - Expense Ratio Comparison
EM1C.DE has a 0.30% expense ratio, which is lower than HY3M.DE's 0.40% expense ratio.
Dividends
EM1C.DE vs. HY3M.DE - Dividend Comparison
Neither EM1C.DE nor HY3M.DE has paid dividends to shareholders.
Frequently Asked Questions
EM1C.DE and HY3M.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EM1C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EM1C.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for HY3M.DE.
EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core, while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Their fees differ too: 0.30% for EM1C.DE and 0.40% for HY3M.DE.
Find the right allocation for EM1C.DE and HY3M.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer