IBC9.DE vs. HY3M.DE
IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both exchange-traded funds - IBC9.DE is a High Yield Bonds fund tracking the iBoxx® Global Developed Markets Liquid High Yield Capped, 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, IBC9.DE returned 3.79%/yr vs 3.37%/yr for HY3M.DE. At a 0.48 correlation, their price movements are largely independent. IBC9.DE charges 0.50%/yr vs 0.40%/yr for HY3M.DE.
Performance
IBC9.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC9.DE achieves a 3.59% return, which is significantly lower than HY3M.DE's 6.33% return.
IBC9.DE
- 1D
- 0.28%
- 1M
- 1.22%
- 6M
- 2.54%
- YTD
- 3.59%
- 1Y
- 5.94%
- 3Y*
- 7.03%
- 5Y*
- 3.79%
- 10Y*
- 4.00%
HY3M.DE
- 1D
- -0.75%
- 1M
- 0.99%
- 6M
- 4.72%
- YTD
- 6.33%
- 1Y
- 9.36%
- 3Y*
- 9.22%
- 5Y*
- 3.37%
- 10Y*
- —
IBC9.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 3.59% | 1.08% | 9.31% | 9.25% | -6.54% | 8.55% | -2.14% | 14.98% | 2.78% |
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% | -14.66% |
Correlation
The correlation between IBC9.DE and HY3M.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.48 |
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Return for Risk
IBC9.DE vs. HY3M.DE — Risk / Return Rank
IBC9.DE
HY3M.DE
IBC9.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.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.
| IBC9.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.41 | -0.74 |
| Martin ratioReturn relative to average drawdown | 8.68 | 10.01 | -1.33 |
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Drawdowns
IBC9.DE vs. HY3M.DE - Drawdown Comparison
The maximum IBC9.DE drawdown since its inception was -27.22%, 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 IBC9.DE and HY3M.DE.
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Drawdown Indicators
| IBC9.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -21.08% | -6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -3.08% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -6.79% | -12.09% | +5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -10.00% | -13.58% | +3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -1.17% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -7.04% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.05% | -0.37% |
Volatility
IBC9.DE vs. HY3M.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) is 1.07%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.97%. This indicates that IBC9.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
| IBC9.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.97% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 5.14% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 6.85% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 8.61% | -2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 13.20% | -5.36% |
IBC9.DE vs. HY3M.DE - Expense Ratio Comparison
IBC9.DE has a 0.50% expense ratio, which is higher than HY3M.DE's 0.40% expense ratio.
Dividends
IBC9.DE vs. HY3M.DE - Dividend Comparison
IBC9.DE's dividend yield for the trailing twelve months is around 6.99%, while HY3M.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 6.99% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
Frequently Asked Questions
IBC9.DE and HY3M.DE have a correlation of 0.39, 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 0.50% for IBC9.DE.
IBC9.DE is categorized as High Yield Bonds, while HY3M.DE is Emerging Markets Bonds. IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped, 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: 0.50% for IBC9.DE and 0.40% for HY3M.DE.
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