HY3M.DE vs. XZHY.DE
HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) and XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) 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 XZHY.DE is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Sustainable and SRI. Both are passively managed. Over the past 3 years, HY3M.DE returned 9.20%/yr vs 7.19%/yr for XZHY.DE. A 0.58 correlation means they provide meaningful diversification when combined. HY3M.DE charges 0.40%/yr vs 0.25%/yr for XZHY.DE.
Performance
HY3M.DE vs. XZHY.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 XZHY.DE's 4.63% 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*
- —
XZHY.DE
- 1D
- 0.00%
- 1M
- 1.31%
- 6M
- 2.69%
- YTD
- 4.63%
- 1Y
- 7.19%
- 3Y*
- 7.19%
- 5Y*
- —
- 10Y*
- —
HY3M.DE vs. XZHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.76% | -3.30% | 18.25% | 4.13% | 1.50% |
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 4.63% | -3.17% | 13.38% | 8.40% | -5.88% |
Correlation
The correlation between HY3M.DE and XZHY.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.58 |
The correlation between HY3M.DE and XZHY.DE has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.
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Return for Risk
HY3M.DE vs. XZHY.DE — Risk / Return Rank
HY3M.DE
XZHY.DE
HY3M.DE vs. XZHY.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 Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.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 | XZHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.33 | +0.79 |
| Martin ratioReturn relative to average drawdown | 9.17 | 7.77 | +1.40 |
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Drawdowns
HY3M.DE vs. XZHY.DE - Drawdown Comparison
The maximum HY3M.DE drawdown since its inception was -21.08%, which is greater than XZHY.DE's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for HY3M.DE and XZHY.DE.
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Drawdown Indicators
| HY3M.DE | XZHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -11.51% | -9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -3.11% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -11.51% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -1.61% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -4.42% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.93% | +0.11% |
Volatility
HY3M.DE vs. XZHY.DE - Volatility Comparison
VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a higher volatility of 1.80% compared to Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) at 1.33%. This indicates that HY3M.DE's price experiences larger fluctuations and is considered to be riskier than XZHY.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 | XZHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 1.33% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 5.09% | 3.83% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 5.80% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 7.53% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 7.53% | +5.66% |
HY3M.DE vs. XZHY.DE - Expense Ratio Comparison
HY3M.DE has a 0.40% expense ratio, which is higher than XZHY.DE's 0.25% expense ratio.
Dividends
HY3M.DE vs. XZHY.DE - Dividend Comparison
Neither HY3M.DE nor XZHY.DE has paid dividends to shareholders.
Frequently Asked Questions
HY3M.DE and XZHY.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZHY.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZHY.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for HY3M.DE.
HY3M.DE is categorized as Emerging Markets Bonds, while XZHY.DE is High Yield Bonds. HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index, while XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI. They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.40% for HY3M.DE and 0.25% for XZHY.DE.
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