- ISIN
- US4642862852
- CUSIP
- 464286285
- Issuer
- iShares
- Inception Date
- Apr 3, 2012
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- J.P. Morgan USD Emerging Markets High Yield Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $623M
Highlights
- Avg. Volume (1M)
- 89K
- Avg. Volume Value (1M)
- $3.58M
Share Price Chart
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Performance
EMHY Performance Chart
iShares J.P. Morgan EM High Yield Bond ETF (EMHY) is up 3.0% since the beginning of the year. EMHY is currently trading at $40 per share. Investors who bought $1,000 worth of EMHY shares 5 years ago would now be looking at an investment worth $1,239.
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Returns By Period
iShares J.P. Morgan EM High Yield Bond ETF (EMHY) has returned 2.96% so far this year and 9.70% over the past 12 months. Over the last ten years, EMHY has returned 4.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
iShares J.P. Morgan EM High Yield Bond ETF
- 1D
- 0.10%
- 1M
- -0.79%
- 6M
- 1.95%
- YTD
- 2.96%
- 1Y
- 9.70%
- 3Y*
- 11.65%
- 5Y*
- 4.38%
- 10Y*
- 4.28%
- ALL TIME*
- 4.94%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
EMHY Monthly Returns History
Based on dividend-adjusted daily data since Apr 3, 2012, EMHY's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +10.8%, while the worst month was Mar 2020 at -16.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, EMHY closed higher 54% of trading days. The best single day was Mar 13, 2020 with a return of +7.4%, while the worst single day was Mar 16, 2020 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.99% | 0.72% | -3.08% | 3.14% | 1.18% | 0.61% | -0.52% | 2.96% | |||||
| 2025 | 1.79% | 1.40% | -1.26% | -0.23% | 1.40% | 2.52% | 1.09% | 1.75% | 0.64% | 2.14% | 0.67% | 1.06% | 13.70% |
| 2024 | -0.41% | 2.37% | 2.18% | -1.32% | 2.59% | -0.69% | 2.77% | 1.90% | 2.32% | -1.03% | 2.08% | -1.23% | 11.97% |
| 2023 | 4.39% | -2.84% | 0.44% | -0.69% | -1.52% | 3.77% | 2.29% | -1.68% | -1.96% | -0.69% | 5.66% | 4.21% | 11.47% |
| 2022 | -2.37% | -5.07% | 0.61% | -4.50% | -0.67% | -7.30% | 2.76% | -1.39% | -5.41% | -0.45% | 10.77% | 0.34% | -13.03% |
| 2021 | -1.38% | -0.81% | -0.99% | 2.47% | 1.36% | 0.32% | -0.33% | 1.39% | -2.73% | -1.01% | -2.74% | 2.71% | -1.91% |
Benchmark Metrics
iShares J.P. Morgan EM High Yield Bond ETF has an annualized alpha of 0.71%, beta of 0.35, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since April 03, 2012.
- This ETF participated in 54.72% of S&P 500 Index downside but only 41.20% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.35 may look defensive, but with R2 of 0.36 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.36 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.71%
- Beta
- 0.35
- R²
- 0.36
- Upside Capture
- 41.20%
- Downside Capture
- 54.72%
Expense Ratio
EMHY has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMHY ranks 74 for risk / return — above 74% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and compare them to S&P 500 Index.
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.
| EMHY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.00 | +0.21 |
| Martin ratioReturn relative to average drawdown | 9.86 | 8.49 | +1.37 |
Dividends
Dividend History
iShares J.P. Morgan EM High Yield Bond ETF provided a 5.94% dividend yield over the last twelve months, with an annual payout of $2.39 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.39 | $2.63 | $2.61 | $2.45 | $2.48 | $2.41 | $2.52 | $2.71 | $3.01 | $2.79 | $3.13 | $3.15 |
Dividend yield | 5.94% | 6.52% | 6.86% | 6.73% | 7.08% | 5.58% | 5.44% | 5.72% | 6.79% | 5.59% | 6.43% | 6.99% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares J.P. Morgan EM High Yield Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.21 | $0.22 | $0.22 | $0.22 | $0.22 | $0.23 | $1.32 | |||||
| 2025 | $0.00 | $0.27 | $0.21 | $0.22 | $0.22 | $0.22 | $0.21 | $0.21 | $0.21 | $0.22 | $0.22 | $0.42 | $2.63 |
| 2024 | $0.00 | $0.19 | $0.20 | $0.21 | $0.20 | $0.20 | $0.21 | $0.21 | $0.22 | $0.21 | $0.22 | $0.53 | $2.61 |
| 2023 | $0.00 | $0.19 | $0.20 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.19 | $0.20 | $0.20 | $0.43 | $2.45 |
| 2022 | $0.00 | $0.20 | $0.19 | $0.21 | $0.22 | $0.19 | $0.22 | $0.22 | $0.17 | $0.20 | $0.20 | $0.46 | $2.48 |
| 2021 | $0.00 | $0.21 | $0.22 | $0.20 | $0.20 | $0.20 | $0.20 | $0.21 | $0.19 | $0.19 | $0.19 | $0.40 | $2.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares J.P. Morgan EM High Yield Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares J.P. Morgan EM High Yield Bond ETF was 30.11%, occurring on Mar 18, 2020. Recovery took 182 trading sessions.
The current iShares J.P. Morgan EM High Yield Bond ETF drawdown is 0.86%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-30.11%Mar 2020 | 29d | 8mo 21d | 9mo 20dFeb 2020 - Dec 2020 | COVID crash2020 |
-25.83%Oct 2022 | 1y 1mo | 1y 9mo | 2y 10moSep 2021 - Jul 2024 | Bear market2022 |
-14.90%Dec 2014 | 4mo 24d | 1y 4mo | 1y 8moJul 2014 - Apr 2016 | — |
-14.03%Jun 2013 | 1mo 15d | 11mo 3d | 1y 13dMay 2013 - May 2014 | — |
-9.71%Aug 2018 | 7mo 7d | 7mo 4d | 1y 2moJan 2018 - Mar 2019 | — |
Drawdown Indicators
| EMHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -56.78% | +26.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -9.10% | +4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | -18.90% | +12.95% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | -25.43% | -0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -30.11% | -33.92% | +3.81% |
Current DrawdownCurrent decline from peak | -0.86% | -1.58% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -10.70% | +5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 2.14% | -1.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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