IBC2.DE vs. HY3M.DE
IBC2.DE (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both exchange-traded funds - IBC2.DE is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged), while HY3M.DE is a Emerging Markets Bonds fund tracking the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. Over the past 5 years, IBC2.DE returned 1.61%/yr vs 3.45%/yr for HY3M.DE. At a correlation of -0.03, they often move in opposite directions. IBC2.DE charges 0.55%/yr vs 0.40%/yr for HY3M.DE.
Performance
IBC2.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC2.DE achieves a 0.72% return, which is significantly lower than HY3M.DE's 6.76% return.
IBC2.DE
- 1D
- 0.00%
- 1M
- -0.00%
- 6M
- 0.22%
- YTD
- 0.72%
- 1Y
- 3.60%
- 3Y*
- 5.68%
- 5Y*
- 1.61%
- 10Y*
- —
HY3M.DE
- 1D
- 0.18%
- 1M
- 0.99%
- 6M
- 4.21%
- YTD
- 6.76%
- 1Y
- 9.61%
- 3Y*
- 9.20%
- 5Y*
- 3.45%
- 10Y*
- —
IBC2.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 0.72% | 7.02% | 4.85% | 8.05% | -11.78% | 3.08% | 2.84% | 10.03% | -3.45% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.76% | -3.30% | 18.25% | 4.13% | -7.66% | 7.35% | -3.67% | 17.71% | -14.66% |
Correlation
The correlation between IBC2.DE and HY3M.DE is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | -0.03 |
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Return for Risk
IBC2.DE vs. HY3M.DE — Risk / Return Rank
IBC2.DE
HY3M.DE
IBC2.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) and VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.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.
| IBC2.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.26 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 3.11 | -1.93 |
| Martin ratioReturn relative to average drawdown | 5.26 | 9.17 | -3.91 |
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Drawdowns
IBC2.DE vs. HY3M.DE - Drawdown Comparison
The maximum IBC2.DE drawdown since its inception was -22.54%, which is greater than HY3M.DE's maximum drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for IBC2.DE and HY3M.DE.
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Drawdown Indicators
| IBC2.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -21.08% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -3.08% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -12.09% | +7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -13.58% | -2.13% |
Current DrawdownCurrent decline from peak | -0.26% | -0.77% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -7.04% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.04% | -0.36% |
Volatility
IBC2.DE vs. HY3M.DE - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) is 0.83%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.80%. This indicates that IBC2.DE experiences smaller price fluctuations and is considered to be less risky than HY3M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC2.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 1.80% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 5.09% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 6.74% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.95% | 8.60% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 13.19% | -4.99% |
IBC2.DE vs. HY3M.DE - Expense Ratio Comparison
IBC2.DE has a 0.55% expense ratio, which is higher than HY3M.DE's 0.40% expense ratio.
Dividends
IBC2.DE vs. HY3M.DE - Dividend Comparison
IBC2.DE's dividend yield for the trailing twelve months is around 6.21%, while HY3M.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.21% | 6.07% | 6.33% | 5.59% | 5.13% | 4.34% | 4.82% | 5.58% | 3.90% |
Frequently Asked Questions
IBC2.DE and HY3M.DE have a correlation of -0.09, 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 0.55% for IBC2.DE.
IBC2.DE is categorized as High Yield Bonds, while HY3M.DE is Emerging Markets Bonds. IBC2.DE tracks Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged), while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.55% for IBC2.DE and 0.40% for HY3M.DE.
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