VVSM.DE vs. HY3M.DE
VVSM.DE (VanEck Semiconductor UCITS ETF) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG 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, VVSM.DE returned 36.40%/yr vs 3.37%/yr for HY3M.DE. At a 0.04 correlation, their price movements are largely independent. VVSM.DE charges 0.35%/yr vs 0.40%/yr for HY3M.DE.
Performance
VVSM.DE vs. HY3M.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VVSM.DE achieves a 80.30% return, which is significantly higher than HY3M.DE's 6.33% return.
VVSM.DE
- 1D
- -3.66%
- 1M
- -7.73%
- 6M
- 65.61%
- YTD
- 80.30%
- 1Y
- 126.86%
- 3Y*
- 53.22%
- 5Y*
- 36.40%
- 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*
- —
VVSM.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVSM.DE VanEck Semiconductor UCITS ETF | 80.30% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | -7.66% | 7.35% | -0.34% |
Correlation
The correlation between VVSM.DE and HY3M.DE is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.04 |
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
VVSM.DE vs. HY3M.DE — Risk / Return Rank
VVSM.DE
HY3M.DE
VVSM.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.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.
| VVSM.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.28 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 9.29 | 3.41 | +5.88 |
| Martin ratioReturn relative to average drawdown | 30.71 | 10.01 | +20.71 |
Loading charts...
Drawdowns
VVSM.DE vs. HY3M.DE - Drawdown Comparison
The maximum VVSM.DE drawdown since its inception was -37.65%, 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 VVSM.DE and HY3M.DE.
Loading charts...
Drawdown Indicators
| VVSM.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.65% | -21.08% | -16.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.58% | -3.08% | -10.50% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -12.09% | -25.43% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -13.58% | -24.07% |
Current DrawdownCurrent decline from peak | -12.11% | -1.17% | -10.94% |
Average DrawdownAverage peak-to-trough decline | -10.40% | -7.04% | -3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 1.05% | +3.07% |
Volatility
VVSM.DE vs. HY3M.DE - Volatility Comparison
VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 16.15% compared to VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) at 1.97%. This indicates that VVSM.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.
Loading charts...
Volatility by Period
| VVSM.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.15% | 1.97% | +14.18% |
Volatility (6M)Calculated over the trailing 6-month period | 29.25% | 5.14% | +24.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.61% | 6.85% | +29.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.17% | 8.61% | +23.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 13.20% | +19.13% |
VVSM.DE vs. HY3M.DE - Expense Ratio Comparison
VVSM.DE has a 0.35% expense ratio, which is lower than HY3M.DE's 0.40% expense ratio.
Dividends
VVSM.DE vs. HY3M.DE - Dividend Comparison
Neither VVSM.DE nor HY3M.DE has paid dividends to shareholders.
Frequently Asked Questions
VVSM.DE and HY3M.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVSM.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVSM.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for HY3M.DE.
VVSM.DE is categorized as Semiconductors, while HY3M.DE is Emerging Markets Bonds. VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index, while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Their fees differ too: 0.35% for VVSM.DE and 0.40% for HY3M.DE.
Find the right allocation for VVSM.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