HY3M.DE vs. IUSP.DE
HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) and IUSP.DE (iShares US Property Yield UCITS ETF) are both Emerging Markets Bonds funds - HY3M.DE tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index while IUSP.DE tracks the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 5 years, HY3M.DE returned 3.45%/yr vs 2.28%/yr for IUSP.DE. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.
Performance
HY3M.DE vs. IUSP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HY3M.DE achieves a 6.76% return, which is significantly higher than IUSP.DE's 3.96% 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*
- —
IUSP.DE
- 1D
- -0.30%
- 1M
- -0.03%
- 6M
- 2.15%
- YTD
- 3.96%
- 1Y
- 8.57%
- 3Y*
- 4.83%
- 5Y*
- 2.28%
- 10Y*
- 1.33%
HY3M.DE vs. IUSP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.76% | -3.30% | 18.25% | 4.13% | -7.66% | 7.35% | -3.67% | 17.71% | -14.66% |
IUSP.DE iShares US Property Yield UCITS ETF | 3.96% | 4.73% | 3.11% | 7.78% | -5.48% | -3.07% | -7.05% | 14.45% | -3.09% |
Correlation
The correlation between HY3M.DE and IUSP.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.34 |
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Return for Risk
HY3M.DE vs. IUSP.DE — Risk / Return Rank
HY3M.DE
IUSP.DE
HY3M.DE vs. IUSP.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 US Property Yield UCITS ETF (IUSP.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 | IUSP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.18 | +0.93 |
| Martin ratioReturn relative to average drawdown | 9.17 | 7.85 | +1.32 |
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Drawdowns
HY3M.DE vs. IUSP.DE - Drawdown Comparison
The maximum HY3M.DE drawdown since its inception was -21.08%, smaller than the maximum IUSP.DE drawdown of -26.69%. Use the drawdown chart below to compare losses from any high point for HY3M.DE and IUSP.DE.
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Drawdown Indicators
| HY3M.DE | IUSP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -26.69% | +5.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -3.91% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -7.25% | -4.84% |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | -10.19% | -3.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.75% | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.67% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -11.51% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.09% | -0.05% |
Volatility
HY3M.DE vs. IUSP.DE - Volatility Comparison
VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a higher volatility of 1.80% compared to iShares US Property Yield UCITS ETF (IUSP.DE) at 1.40%. This indicates that HY3M.DE's price experiences larger fluctuations and is considered to be riskier than IUSP.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 | IUSP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 1.40% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 5.09% | 4.88% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 5.73% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 7.18% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 8.41% | +4.78% |
HY3M.DE vs. IUSP.DE - Expense Ratio Comparison
Both HY3M.DE and IUSP.DE have an expense ratio of 0.40%.
Dividends
HY3M.DE vs. IUSP.DE - Dividend Comparison
HY3M.DE has not paid dividends to shareholders, while IUSP.DE's dividend yield for the trailing twelve months is around 5.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSP.DE iShares US Property Yield UCITS ETF | 5.56% | 5.59% | 5.43% | 5.04% | 5.54% | 4.42% | 5.26% | 5.19% | 5.53% | 5.45% | 5.29% | 3.39% |
Frequently Asked Questions
HY3M.DE and IUSP.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HY3M.DE and IUSP.DE have the same expense ratio: 0.40% per year.
HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index, while IUSP.DE tracks JPM GBI-EM Global Diversified TR USD. They also come from different issuers: VanEck and iShares.
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