HY3M.DE vs. SEAD.DE

Last updated Jul 16, 2026

HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) and SEAD.DE (UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist) are both Emerging Markets Bonds funds - HY3M.DE tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index while SEAD.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 0.95%/yr for SEAD.DE. At a correlation of -0.05, they often move in opposite directions. HY3M.DE charges 0.40%/yr vs 0.38%/yr for SEAD.DE.

Performance

HY3M.DE vs. SEAD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in 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) Dist (SEAD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HY3M.DE achieves a 6.33% return, which is significantly higher than SEAD.DE's 1.27% 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*: —

SEAD.DE

• 1D: 0.00%
• 1M: -0.32%
• 6M: 0.96%
• YTD: 1.27%
• 1Y: 5.11%
• 3Y*: 5.84%
• 5Y*: 0.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HY3M.DE vs. SEAD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF	6.33%	-3.30%	18.25%	4.13%	-7.66%	7.35%	-3.67%	0.99%
SEAD.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist	1.27%	7.68%	5.50%	5.69%	-12.29%	-0.78%	1.78%	1.13%

Correlation

The correlation between HY3M.DE and SEAD.DE is -0.19, 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	-0.19
Correlation (3Y) Calculated over the trailing 3-year period	-0.13
Correlation (5Y) Calculated over the trailing 5-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Nov 29, 2019	-0.05

The correlation between HY3M.DE and SEAD.DE shifts across timeframes, from -0.19 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HY3M.DE vs. SEAD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HY3M.DE

HY3M.DE Risk / Return Rank: 64
HY3M.DE Sharpe Ratio Rank: 56
HY3M.DE Sortino Ratio Rank: 61
HY3M.DE Omega Ratio Rank: 55
HY3M.DE Calmar Ratio Rank: 81
HY3M.DE Martin Ratio Rank: 69

SEAD.DE

SEAD.DE Risk / Return Rank: 71
SEAD.DE Sharpe Ratio Rank: 67
SEAD.DE Sortino Ratio Rank: 81
SEAD.DE Omega Ratio Rank: 77
SEAD.DE Calmar Ratio Rank: 60
SEAD.DE Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HY3M.DE vs. SEAD.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) Dist (SEAD.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	SEAD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.78	-0.23
Sortino ratio: Return per unit of downside risk	2.33	2.91	-0.57
Omega ratio: Gain probability vs. loss probability	1.28	1.37	-0.08
Calmar ratio: Return relative to maximum drawdown	3.41	2.45	+0.96
Martin ratio: Return relative to average drawdown	10.01	9.84	+0.16

HY3M.DE vs. SEAD.DE - Sharpe Ratio Comparison

The current HY3M.DE Sharpe Ratio is 1.55, which is comparable to the SEAD.DE Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of HY3M.DE and SEAD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HY3M.DE vs. SEAD.DE - Drawdown Comparison

The maximum HY3M.DE drawdown since its inception was -21.08%, which is greater than SEAD.DE's maximum drawdown of -17.98%. Use the drawdown chart below to compare losses from any high point for HY3M.DE and SEAD.DE.

Drawdown Indicators

	HY3M.DE	SEAD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.08%	-17.98%	-3.10%
Max Drawdown (1Y) Largest decline over 1 year	-3.08%	-2.08%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	-2.40%	-9.69%
Max Drawdown (5Y) Largest decline over 5 years	-13.58%	-17.98%	+4.40%
Current Drawdown Current decline from peak	-1.17%	-0.55%	-0.62%
Average Drawdown Average peak-to-trough decline	-7.04%	-5.63%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	0.52%	+0.53%

Volatility

HY3M.DE vs. SEAD.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) Dist (SEAD.DE) at 0.58%. This indicates that HY3M.DE's price experiences larger fluctuations and is considered to be riskier than SEAD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HY3M.DE	SEAD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	0.58%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	5.14%	2.40%	+2.74%
Volatility (1Y) Calculated over the trailing 1-year period	6.85%	2.87%	+3.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.61%	4.31%	+4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.20%	4.80%	+8.40%

HY3M.DE vs. SEAD.DE - Expense Ratio Comparison

HY3M.DE has a 0.40% expense ratio, which is higher than SEAD.DE's 0.38% expense ratio.

Dividends

HY3M.DE vs. SEAD.DE - Dividend Comparison

HY3M.DE has not paid dividends to shareholders, while SEAD.DE's dividend yield for the trailing twelve months is around 6.89%.

Position	TTM	2025	2024	2023	2022	2021	2020
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SEAD.DE UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist	6.89%	4.97%	6.21%	4.80%	4.53%	4.02%	2.40%

Frequently Asked Questions

Can I hold both HY3M.DE and SEAD.DE in my portfolio?

HY3M.DE and SEAD.DE have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HY3M.DE or SEAD.DE?

On fees, SEAD.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HY3M.DE or SEAD.DE?

SEAD.DE is cheaper with a 0.38% expense ratio, compared with 0.40% for HY3M.DE.

What is the main difference between HY3M.DE and SEAD.DE?

HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index, while SEAD.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 SEAD.DE.