IS02.DE vs. HY3M.DE
IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both Emerging Markets Bonds funds - IS02.DE tracks the JP Morgan EMBI Global Core while HY3M.DE tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. Over the past 5 years, IS02.DE returned 2.45%/yr vs 3.37%/yr for HY3M.DE. A 0.51 correlation means they provide meaningful diversification when combined. IS02.DE charges 0.45%/yr vs 0.40%/yr for HY3M.DE.
Performance
IS02.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS02.DE achieves a 4.82% return, which is significantly lower than HY3M.DE's 6.33% return.
IS02.DE
- 1D
- 0.00%
- 1M
- 0.67%
- 6M
- 4.05%
- YTD
- 4.82%
- 1Y
- 11.67%
- 3Y*
- 8.13%
- 5Y*
- 2.45%
- 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*
- —
IS02.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 4.82% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | -0.46% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | -7.66% | 7.35% | 0.62% |
Correlation
The correlation between IS02.DE and HY3M.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2020 | 0.51 |
The correlation between IS02.DE and HY3M.DE has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
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Return for Risk
IS02.DE vs. HY3M.DE — Risk / Return Rank
IS02.DE
HY3M.DE
IS02.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.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.
| IS02.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.28 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 3.41 | +0.50 |
| Martin ratioReturn relative to average drawdown | 11.45 | 10.01 | +1.44 |
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Drawdowns
IS02.DE vs. HY3M.DE - Drawdown Comparison
The maximum IS02.DE drawdown since its inception was -16.21%, smaller than the maximum HY3M.DE drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for IS02.DE and HY3M.DE.
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Drawdown Indicators
| IS02.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -21.08% | +4.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -3.08% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -12.09% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -13.58% | -2.63% |
Current DrawdownCurrent decline from peak | -1.09% | -1.17% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -7.04% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.05% | -0.03% |
Volatility
IS02.DE vs. HY3M.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) is 1.64%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.97%. This indicates that IS02.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
| IS02.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.97% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 5.14% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 6.85% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.53% | 8.61% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.35% | 13.20% | -4.85% |
IS02.DE vs. HY3M.DE - Expense Ratio Comparison
IS02.DE has a 0.45% expense ratio, which is higher than HY3M.DE's 0.40% expense ratio.
Dividends
IS02.DE vs. HY3M.DE - Dividend Comparison
Neither IS02.DE nor HY3M.DE has paid dividends to shareholders.
Frequently Asked Questions
IS02.DE and HY3M.DE have a correlation of 0.50, 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 0.45% for IS02.DE.
IS02.DE tracks JP Morgan EMBI Global Core, 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: 0.45% for IS02.DE and 0.40% for HY3M.DE.
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