HY3M.DE vs. SEAB.DE
HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) and SEAB.DE (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - HY3M.DE tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index while SEAB.DE tracks the JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged). Both are passively managed. Over the past 5 years, HY3M.DE returned 3.37%/yr vs 0.98%/yr for SEAB.DE. At a 0.02 correlation, their price movements are largely independent. HY3M.DE charges 0.40%/yr vs 0.38%/yr for SEAB.DE.
Performance
HY3M.DE vs. SEAB.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 SEAB.DE's 1.34% 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*
- —
SEAB.DE
- 1D
- 0.08%
- 1M
- -0.39%
- 6M
- 1.02%
- YTD
- 1.34%
- 1Y
- 5.24%
- 3Y*
- 5.89%
- 5Y*
- 0.98%
- 10Y*
- —
HY3M.DE vs. SEAB.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% |
SEAB.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc | 1.34% | 7.72% | 5.56% | 5.68% | -12.29% | -0.74% | 1.25% | 4.72% | -2.22% |
Correlation
The correlation between HY3M.DE and SEAB.DE is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.02 |
The correlation between HY3M.DE and SEAB.DE shifts across timeframes, from -0.18 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HY3M.DE vs. SEAB.DE — Risk / Return Rank
HY3M.DE
SEAB.DE
HY3M.DE vs. SEAB.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 UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc (SEAB.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 | SEAB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.40 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 2.58 | +0.83 |
| Martin ratioReturn relative to average drawdown | 10.01 | 10.64 | -0.64 |
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Drawdowns
HY3M.DE vs. SEAB.DE - Drawdown Comparison
The maximum HY3M.DE drawdown since its inception was -21.08%, which is greater than SEAB.DE's maximum drawdown of -18.02%. Use the drawdown chart below to compare losses from any high point for HY3M.DE and SEAB.DE.
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Drawdown Indicators
| HY3M.DE | SEAB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -18.02% | -3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.02% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -2.41% | -9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | -18.02% | +4.44% |
Current DrawdownCurrent decline from peak | -1.17% | -0.39% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -4.72% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.49% | +0.56% |
Volatility
HY3M.DE vs. SEAB.DE - Volatility Comparison
VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a higher volatility of 1.97% compared to UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Acc (SEAB.DE) at 0.51%. This indicates that HY3M.DE's price experiences larger fluctuations and is considered to be riskier than SEAB.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 | SEAB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 0.51% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 2.25% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 2.70% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.61% | 4.49% | +4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.20% | 5.13% | +8.07% |
HY3M.DE vs. SEAB.DE - Expense Ratio Comparison
HY3M.DE has a 0.40% expense ratio, which is higher than SEAB.DE's 0.38% expense ratio.
Dividends
HY3M.DE vs. SEAB.DE - Dividend Comparison
Neither HY3M.DE nor SEAB.DE has paid dividends to shareholders.
Frequently Asked Questions
HY3M.DE and SEAB.DE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEAB.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEAB.DE is cheaper with a 0.38% expense ratio, compared with 0.40% for HY3M.DE.
HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index, while SEAB.DE tracks JP Morgan USD Emerging Markets Diversified 3% capped 1-5 (EUR Hedged). They also come from different issuers: VanEck and UBS. Their fees differ too: 0.40% for HY3M.DE and 0.38% for SEAB.DE.
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