JMBA.DE vs. HY3M.DE
JMBA.DE (JPM USD Emerging Markets Sovereign Bond UCITS ETF) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both Emerging Markets Bonds funds - JMBA.DE tracks the J.P. Morgan Emerging Markets Risk-Aware Bond 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, JMBA.DE returned 1.93%/yr vs 3.37%/yr for HY3M.DE. A 0.53 correlation means they provide meaningful diversification when combined. JMBA.DE charges 0.39%/yr vs 0.40%/yr for HY3M.DE.
Performance
JMBA.DE vs. HY3M.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMBA.DE achieves a 4.33% return, which is significantly lower than HY3M.DE's 6.33% return.
JMBA.DE
- 1D
- -0.15%
- 1M
- 0.55%
- 6M
- 3.60%
- YTD
- 4.33%
- 1Y
- 10.91%
- 3Y*
- 6.62%
- 5Y*
- 1.93%
- 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*
- —
JMBA.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMBA.DE JPM USD Emerging Markets Sovereign Bond UCITS ETF | 4.33% | 0.84% | 7.77% | 5.79% | -10.80% | 5.58% | -4.14% | -7.72% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | -7.66% | 7.35% | -3.67% | 1.59% |
Correlation
The correlation between JMBA.DE and HY3M.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.53 |
The correlation between JMBA.DE and HY3M.DE has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JMBA.DE vs. HY3M.DE — Risk / Return Rank
JMBA.DE
HY3M.DE
JMBA.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.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.
| JMBA.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.28 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 3.41 | +0.43 |
| Martin ratioReturn relative to average drawdown | 11.71 | 10.01 | +1.70 |
Loading charts...
Drawdowns
JMBA.DE vs. HY3M.DE - Drawdown Comparison
The maximum JMBA.DE drawdown since its inception was -26.66%, 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 JMBA.DE and HY3M.DE.
Loading charts...
Drawdown Indicators
| JMBA.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -21.08% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -3.08% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -12.09% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -13.58% | -0.51% |
Current DrawdownCurrent decline from peak | -1.40% | -1.17% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -7.04% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.05% | -0.02% |
Volatility
JMBA.DE vs. HY3M.DE - Volatility Comparison
The current volatility for JPM USD Emerging Markets Sovereign Bond UCITS ETF (JMBA.DE) is 1.53%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.97%. This indicates that JMBA.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.
Loading charts...
Volatility by Period
| JMBA.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.97% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 5.14% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 6.85% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 8.61% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.70% | 13.20% | -2.50% |
JMBA.DE vs. HY3M.DE - Expense Ratio Comparison
JMBA.DE has a 0.39% expense ratio, which is lower than HY3M.DE's 0.40% expense ratio.
Dividends
JMBA.DE vs. HY3M.DE - Dividend Comparison
Neither JMBA.DE nor HY3M.DE has paid dividends to shareholders.
Frequently Asked Questions
JMBA.DE and HY3M.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMBA.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMBA.DE is cheaper with a 0.39% expense ratio, compared with 0.40% for HY3M.DE.
JMBA.DE tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.39% for JMBA.DE and 0.40% for HY3M.DE.
Find the right allocation for JMBA.DE and HY3M.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer