HY3M.DE vs. ASRC.DE
HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) and ASRC.DE (BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF) are both Emerging Markets Bonds funds - HY3M.DE tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index while ASRC.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, HY3M.DE returned 3.45%/yr vs 2.16%/yr for ASRC.DE. At a 0.41 correlation, their price movements are largely independent. HY3M.DE charges 0.40%/yr vs 0.25%/yr for ASRC.DE.
Performance
HY3M.DE vs. ASRC.DE - Performance Comparison
Loading charts...
Different Trading Currencies
HY3M.DE is traded in EUR, while ASRC.DE is traded in USD. To make them comparable, the ASRC.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HY3M.DE achieves a 6.76% return, which is significantly higher than ASRC.DE's 4.27% return.
HY3M.DE
- 1D
- 0.18%
- 1M
- 0.99%
- 6M
- 4.21%
- YTD
- 6.76%
- 1Y
- 9.61%
- 3Y*
- 9.20%
- 5Y*
- 3.45%
- 10Y*
- —
ASRC.DE
- 1D
- 0.00%
- 1M
- -0.07%
- 6M
- 3.15%
- YTD
- 4.27%
- 1Y
- 10.70%
- 3Y*
- 7.43%
- 5Y*
- 2.16%
- 10Y*
- —
HY3M.DE vs. ASRC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.76% | -3.30% | 18.25% | 4.13% | -7.66% | 6.03% |
ASRC.DE BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF | 4.27% | 0.49% | 11.52% | 6.43% | -12.67% | 6.68% |
Correlation
The correlation between HY3M.DE and ASRC.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.41 |
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
HY3M.DE vs. ASRC.DE — Risk / Return Rank
HY3M.DE
ASRC.DE
HY3M.DE vs. ASRC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) and BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.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.
| HY3M.DE | ASRC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.59 | -0.48 |
| Martin ratioReturn relative to average drawdown | 9.17 | 10.32 | -1.15 |
Loading charts...
Drawdowns
HY3M.DE vs. ASRC.DE - Drawdown Comparison
The maximum HY3M.DE drawdown since its inception was -21.08%, which is greater than ASRC.DE's maximum drawdown of -15.63%. Use the drawdown chart below to compare losses from any high point for HY3M.DE and ASRC.DE.
Loading charts...
Drawdown Indicators
| HY3M.DE | ASRC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -15.63% | -5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.97% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -12.90% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | -15.63% | +2.05% |
Current DrawdownCurrent decline from peak | -0.77% | -1.44% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -6.13% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.03% | +0.01% |
Volatility
HY3M.DE vs. ASRC.DE - Volatility Comparison
VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a higher volatility of 1.80% compared to BNP Paribas Easy JPM ESG EMBI Global Diversified Composite UCITS ETF (ASRC.DE) at 1.23%. This indicates that HY3M.DE's price experiences larger fluctuations and is considered to be riskier than ASRC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HY3M.DE | ASRC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 1.23% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 5.09% | 5.13% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 6.77% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 9.24% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 9.08% | +4.11% |
HY3M.DE vs. ASRC.DE - Expense Ratio Comparison
HY3M.DE has a 0.40% expense ratio, which is higher than ASRC.DE's 0.25% expense ratio.
Dividends
HY3M.DE vs. ASRC.DE - Dividend Comparison
Neither HY3M.DE nor ASRC.DE has paid dividends to shareholders.
Frequently Asked Questions
HY3M.DE and ASRC.DE have a correlation of 0.36, 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.
HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index, while ASRC.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: VanEck and BNP Paribas. Their fees differ too: 0.40% for HY3M.DE and 0.25% for ASRC.DE.
Find the right allocation for HY3M.DE and ASRC.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