VDIV.DE vs. HY3M.DE

Last updated Jul 16, 2026

VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both exchange-traded funds - VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select 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 5 years, VDIV.DE returned 18.33%/yr vs 3.37%/yr for HY3M.DE. At a 0.15 correlation, their price movements are largely independent. VDIV.DE charges 0.38%/yr vs 0.40%/yr for HY3M.DE.

Performance

VDIV.DE vs. HY3M.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) and VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VDIV.DE achieves a 13.82% return, which is significantly higher than HY3M.DE's 6.33% return.

VDIV.DE

• 1D: 0.28%
• 1M: 2.84%
• 6M: 11.38%
• YTD: 13.82%
• 1Y: 30.96%
• 3Y*: 21.44%
• 5Y*: 18.33%
• 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*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VDIV.DE vs. HY3M.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	13.82%	24.58%	15.66%	11.45%	15.47%	27.94%	-11.00%	23.04%	-2.35%
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%	-1.34%

Correlation

The correlation between VDIV.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 (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Dec 11, 2018	0.15

The correlation between VDIV.DE and HY3M.DE shifts across timeframes, from 0.03 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VDIV.DE vs. HY3M.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VDIV.DE

VDIV.DE Risk / Return Rank: 96
VDIV.DE Sharpe Ratio Rank: 96
VDIV.DE Sortino Ratio Rank: 96
VDIV.DE Omega Ratio Rank: 95
VDIV.DE Calmar Ratio Rank: 97
VDIV.DE Martin Ratio Rank: 95

HY3M.DE

HY3M.DE Risk / Return Rank: 64
HY3M.DE Sharpe Ratio Rank: 56
HY3M.DE Sortino Ratio Rank: 61
HY3M.DE Omega Ratio Rank: 55
HY3M.DE Calmar Ratio Rank: 81
HY3M.DE Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VDIV.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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.

	VDIV.DE	HY3M.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.26	1.55	+1.71
Sortino ratio: Return per unit of downside risk	4.60	2.33	+2.26
Omega ratio: Gain probability vs. loss probability	1.62	1.28	+0.34
Calmar ratio: Return relative to maximum drawdown	8.37	3.41	+4.97
Martin ratio: Return relative to average drawdown	24.68	10.01	+14.67

VDIV.DE vs. HY3M.DE - Sharpe Ratio Comparison

The current VDIV.DE Sharpe Ratio is 3.26, which is higher than the HY3M.DE Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of VDIV.DE and HY3M.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VDIV.DE vs. HY3M.DE - Drawdown Comparison

The maximum VDIV.DE drawdown since its inception was -36.13%, 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 VDIV.DE and HY3M.DE.

Drawdown Indicators

	VDIV.DE	HY3M.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.13%	-21.08%	-15.05%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-3.08%	-0.60%
Max Drawdown (3Y) Largest decline over 3 years	-15.13%	-12.09%	-3.04%
Max Drawdown (5Y) Largest decline over 5 years	-15.13%	-13.58%	-1.55%
Current Drawdown Current decline from peak	0.00%	-1.17%	+1.17%
Average Drawdown Average peak-to-trough decline	-4.18%	-7.04%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	1.05%	+0.20%

Volatility

VDIV.DE vs. HY3M.DE - Volatility Comparison

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) has a higher volatility of 2.45% compared to VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) at 1.97%. This indicates that VDIV.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.

Volatility by Period

	VDIV.DE	HY3M.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	1.97%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	7.07%	5.14%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	9.49%	6.85%	+2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.93%	8.61%	+3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.29%	13.20%	+2.09%

VDIV.DE vs. HY3M.DE - Expense Ratio Comparison

VDIV.DE has a 0.38% expense ratio, which is lower than HY3M.DE's 0.40% expense ratio.

Dividends

VDIV.DE vs. HY3M.DE - Dividend Comparison

VDIV.DE's dividend yield for the trailing twelve months is around 3.08%, while HY3M.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.08%	3.58%	4.19%	4.97%	4.56%	3.97%	4.11%	4.35%	0.91%

Frequently Asked Questions

Can I hold both VDIV.DE and HY3M.DE in my portfolio?

VDIV.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.

Which ETF is better, VDIV.DE or HY3M.DE?

On fees, VDIV.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VDIV.DE or HY3M.DE?

VDIV.DE is cheaper with a 0.38% expense ratio, compared with 0.40% for HY3M.DE.

What is the main difference between VDIV.DE and HY3M.DE?

VDIV.DE is categorized as Global Equities, while HY3M.DE is Emerging Markets Bonds. VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index, while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Their fees differ too: 0.38% for VDIV.DE and 0.40% for HY3M.DE.