XUEE.DE vs. HY3M.DE
XUEE.DE (Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both Emerging Markets Bonds funds - XUEE.DE tracks the FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged) while HY3M.DE tracks the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. Over the past 3 years, XUEE.DE returned 6.75%/yr vs 9.22%/yr for HY3M.DE. At a correlation of -0.05, they often move in opposite directions. Both charge a 0.40% expense ratio.
Performance
XUEE.DE vs. HY3M.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XUEE.DE achieves a 1.61% return, which is significantly lower than HY3M.DE's 6.33% return.
XUEE.DE
- 1D
- 0.00%
- 1M
- -0.71%
- 6M
- 1.68%
- YTD
- 1.61%
- 1Y
- 8.67%
- 3Y*
- 6.75%
- 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*
- —
XUEE.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 1.61% | 11.07% | 3.86% | 8.04% | -21.68% | 0.04% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | -7.66% | 2.08% |
Correlation
The correlation between XUEE.DE and HY3M.DE is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | -0.05 |
The correlation between XUEE.DE and HY3M.DE shifts across timeframes, from -0.19 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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
XUEE.DE vs. HY3M.DE — Risk / Return Rank
XUEE.DE
HY3M.DE
XUEE.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.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.
| XUEE.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.41 | -1.32 |
| Martin ratioReturn relative to average drawdown | 8.41 | 10.01 | -1.60 |
Loading charts...
Drawdowns
XUEE.DE vs. HY3M.DE - Drawdown Comparison
The maximum XUEE.DE drawdown since its inception was -30.69%, 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 XUEE.DE and HY3M.DE.
Loading charts...
Drawdown Indicators
| XUEE.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -21.08% | -9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -3.08% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -8.48% | -12.09% | +3.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.58% | — |
Current DrawdownCurrent decline from peak | -2.52% | -1.17% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -14.17% | -7.04% | -7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.05% | -0.02% |
Volatility
XUEE.DE vs. HY3M.DE - Volatility Comparison
The current volatility for Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged (XUEE.DE) is 1.15%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.97%. This indicates that XUEE.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
| XUEE.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.97% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 5.14% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.18% | 6.85% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.05% | 8.61% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.05% | 13.20% | -4.15% |
XUEE.DE vs. HY3M.DE - Expense Ratio Comparison
Both XUEE.DE and HY3M.DE have an expense ratio of 0.40%.
Dividends
XUEE.DE vs. HY3M.DE - Dividend Comparison
XUEE.DE's dividend yield for the trailing twelve months is around 5.01%, while HY3M.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEE.DE Xtrackers II USD Emerging Markets Bond UCITS ETF EUR Hedged | 5.01% | 5.41% | 6.51% | 4.80% | 4.74% |
Frequently Asked Questions
XUEE.DE and HY3M.DE have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XUEE.DE and HY3M.DE have the same expense ratio: 0.40% per year.
XUEE.DE tracks FTSE Emerging Markets USD Government and Government-Related Bond Select (EUR Hedged), while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: Xtrackers and VanEck.
Find the right allocation for XUEE.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