ENDH.DE vs. HY3M.DE
ENDH.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both Emerging Markets Bonds funds - ENDH.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (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 3 years, ENDH.DE returned 5.61%/yr vs 9.20%/yr for HY3M.DE. At a correlation of -0.07, they often move in opposite directions. ENDH.DE charges 0.28%/yr vs 0.40%/yr for HY3M.DE.
Performance
ENDH.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ENDH.DE achieves a -0.35% return, which is significantly lower than HY3M.DE's 6.76% return.
ENDH.DE
- 1D
- 0.00%
- 1M
- -0.42%
- 6M
- -0.36%
- YTD
- -0.35%
- 1Y
- 3.21%
- 3Y*
- 5.61%
- 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*
- —
ENDH.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ENDH.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc | -0.35% | 7.89% | 6.59% | 5.41% | -2.48% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.76% | -3.30% | 18.25% | 4.13% | -2.51% |
Correlation
The correlation between ENDH.DE and HY3M.DE is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | -0.07 |
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Return for Risk
ENDH.DE vs. HY3M.DE — Risk / Return Rank
ENDH.DE
HY3M.DE
ENDH.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.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.
| ENDH.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.11 | -1.67 |
| Martin ratioReturn relative to average drawdown | 4.19 | 9.17 | -4.98 |
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Drawdowns
ENDH.DE vs. HY3M.DE - Drawdown Comparison
The maximum ENDH.DE drawdown since its inception was -6.78%, smaller than the maximum HY3M.DE drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for ENDH.DE and HY3M.DE.
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Drawdown Indicators
| ENDH.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -21.08% | +14.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -3.08% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -12.09% | +9.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.58% | — |
Current DrawdownCurrent decline from peak | -1.68% | -0.77% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -7.04% | +5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.04% | -0.28% |
Volatility
ENDH.DE vs. HY3M.DE - Volatility Comparison
L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) has a higher volatility of 2.64% compared to VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) at 1.80%. This indicates that ENDH.DE's price experiences larger fluctuations and is considered to be riskier 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
| ENDH.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 1.80% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 5.09% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.94% | 6.74% | -1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 8.60% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 13.19% | -8.20% |
ENDH.DE vs. HY3M.DE - Expense Ratio Comparison
ENDH.DE has a 0.28% expense ratio, which is lower than HY3M.DE's 0.40% expense ratio.
Dividends
ENDH.DE vs. HY3M.DE - Dividend Comparison
Neither ENDH.DE nor HY3M.DE has paid dividends to shareholders.
Frequently Asked Questions
ENDH.DE and HY3M.DE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENDH.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENDH.DE is cheaper with a 0.28% expense ratio, compared with 0.40% for HY3M.DE.
ENDH.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged), while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: Legal & General and VanEck. Their fees differ too: 0.28% for ENDH.DE and 0.40% for HY3M.DE.
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