IUS7.DE vs. HY3M.DE
IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both Emerging Markets Bonds funds - IUS7.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, IUS7.DE returned 2.45%/yr vs 3.37%/yr for HY3M.DE. A 0.56 correlation means they provide meaningful diversification when combined. IUS7.DE charges 0.45%/yr vs 0.40%/yr for HY3M.DE.
Performance
IUS7.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUS7.DE achieves a 4.85% return, which is significantly lower than HY3M.DE's 6.33% return.
IUS7.DE
- 1D
- 0.16%
- 1M
- 0.76%
- 6M
- 4.15%
- YTD
- 4.85%
- 1Y
- 11.77%
- 3Y*
- 8.16%
- 5Y*
- 2.45%
- 10Y*
- 2.59%
HY3M.DE
- 1D
- -0.75%
- 1M
- 0.99%
- 6M
- 4.72%
- YTD
- 6.33%
- 1Y
- 9.36%
- 3Y*
- 9.22%
- 5Y*
- 3.37%
- 10Y*
- —
IUS7.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 4.85% | 1.15% | 11.75% | 6.76% | -13.15% | 5.75% | -4.03% | 18.80% | 4.64% |
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 IUS7.DE and HY3M.DE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.56 |
The correlation between IUS7.DE and HY3M.DE has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
IUS7.DE vs. HY3M.DE — Risk / Return Rank
IUS7.DE
HY3M.DE
IUS7.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 (Dist) (IUS7.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.
| IUS7.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 3.41 | +0.38 |
| Martin ratioReturn relative to average drawdown | 11.14 | 10.01 | +1.13 |
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Drawdowns
IUS7.DE vs. HY3M.DE - Drawdown Comparison
The maximum IUS7.DE drawdown since its inception was -27.13%, 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 IUS7.DE and HY3M.DE.
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Drawdown Indicators
| IUS7.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.13% | -21.08% | -6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -3.08% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -12.09% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -13.58% | -2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -27.13% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.17% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -7.04% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.05% | 0.00% |
Volatility
IUS7.DE vs. HY3M.DE - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) is 1.55%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.97%. This indicates that IUS7.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
| IUS7.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.97% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 5.14% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 6.85% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 8.61% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.00% | 13.20% | -2.20% |
IUS7.DE vs. HY3M.DE - Expense Ratio Comparison
IUS7.DE has a 0.45% expense ratio, which is higher than HY3M.DE's 0.40% expense ratio.
Dividends
IUS7.DE vs. HY3M.DE - Dividend Comparison
IUS7.DE's dividend yield for the trailing twelve months is around 5.65%, 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% |
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 5.65% | 6.10% | 5.62% | 5.77% | 5.63% | 3.81% | 4.18% | 4.73% | 4.70% | 5.11% | 5.30% | 4.71% |
Frequently Asked Questions
IUS7.DE and HY3M.DE have a correlation of 0.53, 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 IUS7.DE.
IUS7.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 IUS7.DE and 0.40% for HY3M.DE.
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