JEDI.DE vs. HY3M.DE
JEDI.DE (VanEck Space Innovators UCITS ETF) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both exchange-traded funds - JEDI.DE is a Industrials Equities fund tracking the MarketVector Global Space Industry Screened Index, 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 3 years, JEDI.DE returned 50.70%/yr vs 9.22%/yr for HY3M.DE. At a 0.06 correlation, their price movements are largely independent. JEDI.DE charges 0.55%/yr vs 0.40%/yr for HY3M.DE.
Performance
JEDI.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JEDI.DE achieves a 32.81% return, which is significantly higher than HY3M.DE's 6.33% return.
JEDI.DE
- 1D
- 0.00%
- 1M
- -12.39%
- 6M
- 11.45%
- YTD
- 32.81%
- 1Y
- 77.97%
- 3Y*
- 50.70%
- 5Y*
- —
- 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*
- —
JEDI.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEDI.DE VanEck Space Innovators UCITS ETF | 32.81% | 72.15% | 52.14% | 8.55% | -0.32% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | 3.82% |
Correlation
The correlation between JEDI.DE and HY3M.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.06 |
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Return for Risk
JEDI.DE vs. HY3M.DE — Risk / Return Rank
JEDI.DE
HY3M.DE
JEDI.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Space Innovators UCITS ETF (JEDI.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.
| JEDI.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 3.41 | -1.27 |
| Martin ratioReturn relative to average drawdown | 6.41 | 10.01 | -3.59 |
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Drawdowns
JEDI.DE vs. HY3M.DE - Drawdown Comparison
The maximum JEDI.DE drawdown since its inception was -36.71%, 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 JEDI.DE and HY3M.DE.
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Drawdown Indicators
| JEDI.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.71% | -21.08% | -15.63% |
Max Drawdown (1Y)Largest decline over 1 year | -36.71% | -3.08% | -33.63% |
Max Drawdown (3Y)Largest decline over 3 years | -36.71% | -12.09% | -24.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.58% | — |
Current DrawdownCurrent decline from peak | -35.32% | -1.17% | -34.15% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -7.04% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 1.05% | +11.15% |
Volatility
JEDI.DE vs. HY3M.DE - Volatility Comparison
VanEck Space Innovators UCITS ETF (JEDI.DE) has a higher volatility of 14.52% compared to VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) at 1.97%. This indicates that JEDI.DE's price experiences larger fluctuations and is considered to be riskier 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
| JEDI.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.52% | 1.97% | +12.55% |
Volatility (6M)Calculated over the trailing 6-month period | 36.77% | 5.14% | +31.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.36% | 6.85% | +40.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.37% | 8.61% | +24.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.37% | 13.20% | +20.17% |
JEDI.DE vs. HY3M.DE - Expense Ratio Comparison
JEDI.DE has a 0.55% expense ratio, which is higher than HY3M.DE's 0.40% expense ratio.
Dividends
JEDI.DE vs. HY3M.DE - Dividend Comparison
Neither JEDI.DE nor HY3M.DE has paid dividends to shareholders.
Frequently Asked Questions
JEDI.DE and HY3M.DE have a correlation of 0.03, 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 JEDI.DE.
JEDI.DE is categorized as Industrials Equities, while HY3M.DE is Emerging Markets Bonds. JEDI.DE tracks MarketVector Global Space Industry Screened Index, while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Their fees differ too: 0.55% for JEDI.DE and 0.40% for HY3M.DE.
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