XQUA.DE vs. HY3M.DE
XQUA.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both Emerging Markets Bonds funds - XQUA.DE tracks the JPM EMBI Global Diversified TR USD 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, XQUA.DE returned 0.12%/yr vs 3.37%/yr for HY3M.DE. A 0.57 correlation means they provide meaningful diversification when combined. XQUA.DE charges 0.45%/yr vs 0.40%/yr for HY3M.DE.
Performance
XQUA.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XQUA.DE achieves a 3.11% return, which is significantly lower than HY3M.DE's 6.33% return.
XQUA.DE
- 1D
- -0.22%
- 1M
- 0.44%
- 6M
- 2.55%
- YTD
- 3.11%
- 1Y
- 7.86%
- 3Y*
- 3.90%
- 5Y*
- 0.12%
- 10Y*
- 1.36%
HY3M.DE
- 1D
- -0.75%
- 1M
- 0.99%
- 6M
- 4.72%
- YTD
- 6.33%
- 1Y
- 9.36%
- 3Y*
- 9.22%
- 5Y*
- 3.37%
- 10Y*
- —
XQUA.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 3.11% | -1.36% | 5.24% | 3.95% | -12.55% | 6.78% | -2.76% | 17.84% | 7.03% |
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 XQUA.DE and HY3M.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.57 |
The correlation between XQUA.DE and HY3M.DE has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.
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Return for Risk
XQUA.DE vs. HY3M.DE — Risk / Return Rank
XQUA.DE
HY3M.DE
XQUA.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.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.
| XQUA.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.41 | -1.48 |
| Martin ratioReturn relative to average drawdown | 5.79 | 10.01 | -4.22 |
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Drawdowns
XQUA.DE vs. HY3M.DE - Drawdown Comparison
The maximum XQUA.DE drawdown since its inception was -20.21%, roughly equal to the maximum HY3M.DE drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for XQUA.DE and HY3M.DE.
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Drawdown Indicators
| XQUA.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.21% | -21.08% | +0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -3.08% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | -12.09% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -16.16% | -13.58% | -2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -20.21% | — | — |
Current DrawdownCurrent decline from peak | -5.07% | -1.17% | -3.90% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -7.04% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.05% | +0.30% |
Volatility
XQUA.DE vs. HY3M.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) is 1.59%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.97%. This indicates that XQUA.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
| XQUA.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.97% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 5.14% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.22% | 6.85% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 8.61% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.81% | 13.20% | -4.39% |
XQUA.DE vs. HY3M.DE - Expense Ratio Comparison
XQUA.DE has a 0.45% expense ratio, which is higher than HY3M.DE's 0.40% expense ratio.
Dividends
XQUA.DE vs. HY3M.DE - Dividend Comparison
XQUA.DE's dividend yield for the trailing twelve months is around 4.52%, while HY3M.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 4.52% | 4.80% | 4.40% | 4.34% | 7.07% | 3.83% | 4.92% | 4.19% | 3.08% | 3.74% |
Frequently Asked Questions
XQUA.DE and HY3M.DE have a correlation of 0.55, 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 XQUA.DE.
XQUA.DE tracks JPM EMBI Global Diversified TR USD, while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.45% for XQUA.DE and 0.40% for HY3M.DE.
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