XZHY.DE vs. HY3M.DE
XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS ETF) are both exchange-traded funds - XZHY.DE is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Sustainable and SRI, 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 3 years, XZHY.DE returned 7.16%/yr vs 9.22%/yr for HY3M.DE. A 0.58 correlation means they provide meaningful diversification when combined. XZHY.DE charges 0.25%/yr vs 0.40%/yr for HY3M.DE.
Performance
XZHY.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZHY.DE achieves a 4.31% return, which is significantly lower than HY3M.DE's 6.33% return.
XZHY.DE
- 1D
- 0.00%
- 1M
- 0.94%
- 6M
- 3.04%
- YTD
- 4.31%
- 1Y
- 7.17%
- 3Y*
- 7.16%
- 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*
- —
XZHY.DE vs. HY3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 4.31% | -3.17% | 13.38% | 8.40% | -5.88% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | 1.50% |
Correlation
The correlation between XZHY.DE and HY3M.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.58 |
The correlation between XZHY.DE and HY3M.DE shifts across timeframes, from 0.58 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XZHY.DE vs. HY3M.DE — Risk / Return Rank
XZHY.DE
HY3M.DE
XZHY.DE vs. HY3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.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.
| XZHY.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 3.41 | -1.09 |
| Martin ratioReturn relative to average drawdown | 7.69 | 10.01 | -2.31 |
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Drawdowns
XZHY.DE vs. HY3M.DE - Drawdown Comparison
The maximum XZHY.DE drawdown since its inception was -11.51%, smaller than the maximum HY3M.DE drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for XZHY.DE and HY3M.DE.
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Drawdown Indicators
| XZHY.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -21.08% | +9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.08% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -11.51% | -12.09% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.58% | — |
Current DrawdownCurrent decline from peak | -1.91% | -1.17% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -7.04% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.05% | -0.11% |
Volatility
XZHY.DE vs. HY3M.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) is 1.48%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.97%. This indicates that XZHY.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
| XZHY.DE | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.97% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 5.14% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 6.85% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 8.61% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 13.20% | -5.67% |
XZHY.DE vs. HY3M.DE - Expense Ratio Comparison
XZHY.DE has a 0.25% expense ratio, which is lower than HY3M.DE's 0.40% expense ratio.
Dividends
XZHY.DE vs. HY3M.DE - Dividend Comparison
Neither XZHY.DE nor HY3M.DE has paid dividends to shareholders.
Frequently Asked Questions
XZHY.DE and HY3M.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZHY.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZHY.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for HY3M.DE.
XZHY.DE is categorized as High Yield Bonds, while HY3M.DE is Emerging Markets Bonds. XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI, 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: 0.25% for XZHY.DE and 0.40% for HY3M.DE.
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