HY3M.DE vs. LYQS.DE
HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) and LYQS.DE (Amundi USD Emerging Markets Government Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - HY3M.DE tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index while LYQS.DE tracks the J.P. Morgan EMBI Global Diversified Select Index. Both are passively managed. Over the past 5 years, HY3M.DE returned 3.37%/yr vs 1.45%/yr for LYQS.DE. A 0.51 correlation means they provide meaningful diversification when combined. HY3M.DE charges 0.40%/yr vs 0.25%/yr for LYQS.DE.
Performance
HY3M.DE vs. LYQS.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HY3M.DE achieves a 6.33% return, which is significantly higher than LYQS.DE's 4.68% 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*
- —
LYQS.DE
- 1D
- 0.06%
- 1M
- 0.64%
- 6M
- 4.04%
- YTD
- 4.68%
- 1Y
- 11.26%
- 3Y*
- 6.19%
- 5Y*
- 1.45%
- 10Y*
- 1.35%
HY3M.DE vs. LYQS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | -7.66% | 7.35% | -3.67% | 17.71% | -14.66% |
LYQS.DE Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) | 4.68% | 0.04% | 6.43% | 5.45% | -11.25% | 5.76% | -5.23% | 17.03% | 6.30% |
Correlation
The correlation between HY3M.DE and LYQS.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.51 |
The correlation between HY3M.DE and LYQS.DE has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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. LYQS.DE — Risk / Return Rank
HY3M.DE
LYQS.DE
HY3M.DE vs. LYQS.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 Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.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 | LYQS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 4.01 | -0.60 |
| Martin ratioReturn relative to average drawdown | 10.01 | 12.39 | -2.38 |
Loading charts...
Drawdowns
HY3M.DE vs. LYQS.DE - Drawdown Comparison
The maximum HY3M.DE drawdown since its inception was -21.08%, smaller than the maximum LYQS.DE drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for HY3M.DE and LYQS.DE.
Loading charts...
Drawdown Indicators
| HY3M.DE | LYQS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -33.51% | +12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.80% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -12.78% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | -16.18% | +2.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.61% | — |
Current DrawdownCurrent decline from peak | -1.17% | -1.53% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -12.90% | +5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.91% | +0.14% |
Volatility
HY3M.DE vs. LYQS.DE - Volatility Comparison
VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a higher volatility of 1.97% compared to Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.DE) at 1.49%. This indicates that HY3M.DE's price experiences larger fluctuations and is considered to be riskier than LYQS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HY3M.DE | LYQS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 1.49% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 4.00% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 5.95% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.61% | 9.62% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.20% | 17.02% | -3.82% |
HY3M.DE vs. LYQS.DE - Expense Ratio Comparison
HY3M.DE has a 0.40% expense ratio, which is higher than LYQS.DE's 0.25% expense ratio.
Dividends
HY3M.DE vs. LYQS.DE - Dividend Comparison
HY3M.DE has not paid dividends to shareholders, while LYQS.DE's dividend yield for the trailing twelve months is around 5.12%.
| 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% |
LYQS.DE Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) | 5.12% | 5.36% | 3.57% | 6.06% | 6.00% | 4.33% | 4.48% | 5.10% | 5.08% | 5.40% | 5.15% | 6.61% |
Frequently Asked Questions
HY3M.DE and LYQS.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYQS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYQS.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 LYQS.DE tracks J.P. Morgan EMBI Global Diversified Select Index. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.40% for HY3M.DE and 0.25% for LYQS.DE.
Find the right allocation for HY3M.DE and LYQS.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