IS0S.DE vs. HY3M.DE
IS0S.DE (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both Emerging Markets Bonds funds - IS0S.DE tracks the Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index 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, IS0S.DE returned 0.14%/yr vs 3.45%/yr for HY3M.DE. A 0.54 correlation means they provide meaningful diversification when combined. IS0S.DE charges 0.50%/yr vs 0.40%/yr for HY3M.DE.
Performance
IS0S.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0S.DE achieves a -3.63% return, which is significantly lower than HY3M.DE's 6.76% return.
IS0S.DE
- 1D
- -0.01%
- 1M
- 0.42%
- 6M
- -2.57%
- YTD
- -3.63%
- 1Y
- -5.43%
- 3Y*
- 0.01%
- 5Y*
- 0.14%
- 10Y*
- 0.69%
HY3M.DE
- 1D
- 0.18%
- 1M
- 0.99%
- 6M
- 4.21%
- YTD
- 6.76%
- 1Y
- 9.61%
- 3Y*
- 9.20%
- 5Y*
- 3.45%
- 10Y*
- —
IS0S.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -3.63% | -5.90% | 7.58% | 1.14% | -1.88% | 3.53% | -0.48% | 11.65% | 5.58% |
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 IS0S.DE and HY3M.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.54 |
The correlation between IS0S.DE and HY3M.DE has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
IS0S.DE vs. HY3M.DE — Risk / Return Rank
IS0S.DE
HY3M.DE
IS0S.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.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.
| IS0S.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.26 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 3.11 | -3.80 |
| Martin ratioReturn relative to average drawdown | -1.24 | 9.17 | -10.41 |
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Drawdowns
IS0S.DE vs. HY3M.DE - Drawdown Comparison
The maximum IS0S.DE drawdown since its inception was -30.09%, 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 IS0S.DE and HY3M.DE.
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Drawdown Indicators
| IS0S.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -21.08% | -9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -3.08% | -4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -12.09% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -12.92% | -13.58% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | — | — |
Current DrawdownCurrent decline from peak | -11.28% | -0.77% | -10.51% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -7.04% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 1.04% | +3.32% |
Volatility
IS0S.DE vs. HY3M.DE - Volatility Comparison
The current volatility for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.DE) is 1.23%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.80%. This indicates that IS0S.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
| IS0S.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.80% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 5.09% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 6.74% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 8.60% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 13.19% | -2.83% |
IS0S.DE vs. HY3M.DE - Expense Ratio Comparison
IS0S.DE has a 0.50% expense ratio, which is higher than HY3M.DE's 0.40% expense ratio.
Dividends
IS0S.DE vs. HY3M.DE - Dividend Comparison
IS0S.DE's dividend yield for the trailing twelve months is around 1.78%, 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% |
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 1.78% | 3.49% | 2.94% | 2.89% | 2.96% | 2.30% | 3.05% | 2.44% | 2.50% | 2.19% | 2.90% | 1.15% |
Frequently Asked Questions
IS0S.DE and HY3M.DE have a correlation of 0.48, 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 IS0S.DE.
IS0S.DE tracks Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index, 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 IS0S.DE and 0.40% for HY3M.DE.
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