IBC7.DE vs. HY3M.DE
IBC7.DE (iShares Fallen Angels 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 - IBC7.DE is a High Yield Bonds fund tracking the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped (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, IBC7.DE returned 1.10%/yr vs 3.37%/yr for HY3M.DE. At a correlation of -0.02, they often move in opposite directions. IBC7.DE charges 0.55%/yr vs 0.40%/yr for HY3M.DE.
Performance
IBC7.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC7.DE achieves a 1.23% return, which is significantly lower than HY3M.DE's 6.33% return.
IBC7.DE
- 1D
- 0.00%
- 1M
- 0.04%
- 6M
- 0.80%
- YTD
- 1.23%
- 1Y
- 4.79%
- 3Y*
- 5.58%
- 5Y*
- 1.10%
- 10Y*
- —
HY3M.DE
- 1D
- -0.75%
- 1M
- 0.99%
- 6M
- 4.72%
- YTD
- 6.33%
- 1Y
- 9.36%
- 3Y*
- 9.22%
- 5Y*
- 3.37%
- 10Y*
- —
IBC7.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC7.DE iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 1.23% | 7.07% | 3.18% | 9.37% | -13.89% | 3.60% | 13.74% | 13.54% | -4.27% |
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% | 4.47% |
Correlation
The correlation between IBC7.DE and HY3M.DE is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | -0.02 |
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Return for Risk
IBC7.DE vs. HY3M.DE — Risk / Return Rank
IBC7.DE
HY3M.DE
IBC7.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC7.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.
| IBC7.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 3.41 | -1.99 |
| Martin ratioReturn relative to average drawdown | 5.66 | 10.01 | -4.34 |
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Drawdowns
IBC7.DE vs. HY3M.DE - Drawdown Comparison
The maximum IBC7.DE drawdown since its inception was -21.75%, roughly equal to the maximum HY3M.DE drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for IBC7.DE and HY3M.DE.
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Drawdown Indicators
| IBC7.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.75% | -21.08% | -0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -3.08% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -4.30% | -12.09% | +7.79% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -13.58% | -4.79% |
Current DrawdownCurrent decline from peak | -0.22% | -1.17% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -7.04% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.05% | -0.21% |
Volatility
IBC7.DE vs. HY3M.DE - Volatility Comparison
The current volatility for iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC7.DE) is 0.93%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.97%. This indicates that IBC7.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
| IBC7.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 1.97% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 5.14% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 6.85% | -2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 8.61% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.09% | 13.20% | -5.11% |
IBC7.DE vs. HY3M.DE - Expense Ratio Comparison
IBC7.DE has a 0.55% expense ratio, which is higher than HY3M.DE's 0.40% expense ratio.
Dividends
IBC7.DE vs. HY3M.DE - Dividend Comparison
IBC7.DE's dividend yield for the trailing twelve months is around 5.63%, 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% |
IBC7.DE iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 5.63% | 5.55% | 5.89% | 5.18% | 4.46% | 3.93% | 4.17% | 4.59% | 3.28% |
Frequently Asked Questions
IBC7.DE and HY3M.DE have a correlation of -0.12, 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 IBC7.DE.
IBC7.DE is categorized as High Yield Bonds, while HY3M.DE is Emerging Markets Bonds. IBC7.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Capped (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 IBC7.DE and 0.40% for HY3M.DE.
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