HY3M.DE vs. IS02.DE
HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - HY3M.DE tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, HY3M.DE returned 3.37%/yr vs 2.45%/yr for IS02.DE. A 0.51 correlation means they provide meaningful diversification when combined. HY3M.DE charges 0.40%/yr vs 0.45%/yr for IS02.DE.
Performance
HY3M.DE vs. IS02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HY3M.DE achieves a 6.33% return, which is significantly higher than IS02.DE's 4.82% return.
HY3M.DE
- 1D
- -0.75%
- 1M
- 0.99%
- 6M
- 4.72%
- YTD
- 6.33%
- 1Y
- 9.36%
- 3Y*
- 9.22%
- 5Y*
- 3.37%
- 10Y*
- —
IS02.DE
- 1D
- 0.00%
- 1M
- 0.67%
- 6M
- 4.05%
- YTD
- 4.82%
- 1Y
- 11.67%
- 3Y*
- 8.13%
- 5Y*
- 2.45%
- 10Y*
- —
HY3M.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | -7.66% | 7.35% | 0.62% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 4.82% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | -0.46% |
Correlation
The correlation between HY3M.DE and IS02.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2020 | 0.51 |
The correlation between HY3M.DE and IS02.DE has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
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Return for Risk
HY3M.DE vs. IS02.DE — Risk / Return Rank
HY3M.DE
IS02.DE
HY3M.DE vs. IS02.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 iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.38 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 3.90 | -0.50 |
| Martin ratioReturn relative to average drawdown | 10.01 | 11.45 | -1.44 |
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Drawdowns
HY3M.DE vs. IS02.DE - Drawdown Comparison
The maximum HY3M.DE drawdown since its inception was -21.08%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for HY3M.DE and IS02.DE.
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Drawdown Indicators
| HY3M.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -16.21% | -4.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -3.00% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -12.85% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | -16.21% | +2.63% |
Current DrawdownCurrent decline from peak | -1.17% | -1.09% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -5.82% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.02% | +0.03% |
Volatility
HY3M.DE vs. IS02.DE - Volatility Comparison
VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a higher volatility of 1.97% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) at 1.64%. This indicates that HY3M.DE's price experiences larger fluctuations and is considered to be riskier than IS02.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HY3M.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 1.64% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 4.18% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 6.10% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.61% | 8.53% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.20% | 8.35% | +4.85% |
HY3M.DE vs. IS02.DE - Expense Ratio Comparison
HY3M.DE has a 0.40% expense ratio, which is lower than IS02.DE's 0.45% expense ratio.
Dividends
HY3M.DE vs. IS02.DE - Dividend Comparison
Neither HY3M.DE nor IS02.DE has paid dividends to shareholders.
Frequently Asked Questions
HY3M.DE and IS02.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HY3M.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HY3M.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for IS02.DE.
HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index, while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.40% for HY3M.DE and 0.45% for IS02.DE.
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