HY3M.DE vs. VVMX.DE
HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) and VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) are both exchange-traded funds - HY3M.DE is a Emerging Markets Bonds fund tracking the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index, while VVMX.DE is a Rare Earth & Strategic Metals fund tracking the MVIS Global Rare Earth/Strategic Metals. Both are passively managed. Over the past 3 years, HY3M.DE returned 9.22%/yr vs -2.77%/yr for VVMX.DE. At a correlation of -0.01, they often move in opposite directions. HY3M.DE charges 0.40%/yr vs 0.59%/yr for VVMX.DE.
Performance
HY3M.DE vs. VVMX.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HY3M.DE achieves a 6.33% return, which is significantly lower than VVMX.DE's 7.61% 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*
- —
VVMX.DE
- 1D
- 0.00%
- 1M
- -17.95%
- 6M
- -11.58%
- YTD
- 7.61%
- 1Y
- 70.42%
- 3Y*
- -2.77%
- 5Y*
- —
- 10Y*
- —
HY3M.DE vs. VVMX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | -7.66% | 1.12% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 7.61% | 68.45% | -30.81% | -21.17% | -26.46% | 16.96% |
Correlation
The correlation between HY3M.DE and VVMX.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | -0.01 |
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. VVMX.DE — Risk / Return Rank
HY3M.DE
VVMX.DE
HY3M.DE vs. VVMX.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 VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.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 | VVMX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 2.59 | +0.82 |
| Martin ratioReturn relative to average drawdown | 10.01 | 6.96 | +3.04 |
Loading charts...
Drawdowns
HY3M.DE vs. VVMX.DE - Drawdown Comparison
The maximum HY3M.DE drawdown since its inception was -21.08%, smaller than the maximum VVMX.DE drawdown of -73.26%. Use the drawdown chart below to compare losses from any high point for HY3M.DE and VVMX.DE.
Loading charts...
Drawdown Indicators
| HY3M.DE | VVMX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -73.26% | +52.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -27.29% | +24.21% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -60.43% | +48.34% |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | — | — |
Current DrawdownCurrent decline from peak | -1.17% | -38.45% | +37.28% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -40.97% | +33.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 10.15% | -9.10% |
Volatility
HY3M.DE vs. VVMX.DE - Volatility Comparison
The current volatility for VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) is 1.97%, while VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) has a volatility of 10.39%. This indicates that HY3M.DE experiences smaller price fluctuations and is considered to be less risky than VVMX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HY3M.DE | VVMX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 10.39% | -8.42% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 33.22% | -28.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 47.24% | -40.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.61% | 36.48% | -27.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.20% | 36.48% | -23.28% |
HY3M.DE vs. VVMX.DE - Expense Ratio Comparison
HY3M.DE has a 0.40% expense ratio, which is lower than VVMX.DE's 0.59% expense ratio.
Dividends
HY3M.DE vs. VVMX.DE - Dividend Comparison
Neither HY3M.DE nor VVMX.DE has paid dividends to shareholders.
Frequently Asked Questions
HY3M.DE and VVMX.DE have a correlation of -0.05, 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 0.59% for VVMX.DE.
HY3M.DE is categorized as Emerging Markets Bonds, while VVMX.DE is Rare Earth & Strategic Metals. HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index, while VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals. Their fees differ too: 0.40% for HY3M.DE and 0.59% for VVMX.DE.
Find the right allocation for HY3M.DE and VVMX.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