- ISIN
- US92189F3534
- CUSIP
- 92189F353
- Issuer
- VanEck
- Inception Date
- May 8, 2012
- Region
- Global (Broad)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $522M
Share Price Chart
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Performance
HYEM Performance Chart
VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) is up 4.4% since the beginning of the year. HYEM is currently trading at $20 per share. Investors who bought $1,000 worth of HYEM shares 5 years ago would now be looking at an investment worth $1,163.
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Returns By Period
VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) has returned 4.43% so far this year and 9.89% over the past 12 months. Over the last ten years, HYEM has returned 4.65% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
VanEck Vectors Emerging Markets High Yield Bond ETF
- 1D
- 0.20%
- 1M
- 1.41%
- YTD
- 4.43%
- 6M
- 4.34%
- 1Y
- 9.89%
- 3Y*
- 10.41%
- 5Y*
- 3.07%
- 10Y*
- 4.65%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HYEM Monthly Returns History
Based on dividend-adjusted daily data since May 14, 2012, HYEM's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2022 with a return of +10.5%, while the worst month was Mar 2020 at -15.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HYEM closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +5.4%, while the worst single day was Mar 18, 2020 at -9.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.51% | 0.92% | -2.13% | 2.55% | 0.96% | 0.61% | 4.43% | ||||||
| 2025 | 1.64% | 1.12% | -0.77% | -0.86% | 1.72% | 1.80% | 0.92% | 1.90% | 0.01% | 0.38% | 0.08% | 0.97% | 9.24% |
| 2024 | 1.73% | 0.85% | 1.52% | -1.07% | 2.65% | 0.34% | 2.17% | 1.58% | 1.73% | -1.11% | 1.39% | -0.19% | 12.14% |
| 2023 | 4.45% | -2.87% | 0.69% | -0.20% | -1.93% | 3.23% | 0.44% | -0.92% | -0.51% | -1.41% | 4.47% | 2.94% | 8.35% |
| 2022 | -2.63% | -5.90% | -0.96% | -3.52% | -1.23% | -5.94% | 0.61% | 0.28% | -4.34% | -2.36% | 10.51% | 2.27% | -13.39% |
| 2021 | -0.88% | 1.30% | -0.81% | 1.06% | 0.91% | 0.46% | -0.91% | 1.04% | -1.80% | -1.12% | -2.18% | 1.72% | -1.31% |
Benchmark Metrics
VanEck Vectors Emerging Markets High Yield Bond ETF has an annualized alpha of 1.80%, beta of 0.24, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since May 14, 2012.
- This ETF participated in 44.55% of S&P 500 Index downside but only 34.55% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.24 may look defensive, but with R2 of 0.21 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 0.21 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.80%
- Beta
- 0.24
- R²
- 0.21
- Upside Capture
- 34.55%
- Downside Capture
- 44.55%
Expense Ratio
HYEM has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HYEM ranks 76 for risk / return — better than 76% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) 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.
| HYEM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.78 | +0.86 |
| Martin ratioReturn relative to average drawdown | 14.81 | 12.44 | +2.37 |
Dividends
Dividend History
VanEck Vectors Emerging Markets High Yield Bond ETF provided a 6.49% dividend yield over the last twelve months, with an annual payout of $1.31 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 | $1.31 | $1.33 | $1.23 | $1.16 | $1.18 | $1.19 | $1.33 | $1.46 | $1.28 | $1.44 | $1.50 | $1.69 |
Dividend yield | 6.49% | 6.67% | 6.34% | 6.27% | 6.47% | 5.33% | 5.56% | 6.14% | 5.71% | 5.86% | 6.25% | 7.64% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Vectors Emerging Markets 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 | $0.12 | $0.10 | $0.12 | $0.11 | $0.09 | $0.54 | ||||||
| 2025 | $0.00 | $0.11 | $0.10 | $0.12 | $0.11 | $0.11 | $0.10 | $0.12 | $0.11 | $0.10 | $0.23 | $0.11 | $1.33 |
| 2024 | $0.00 | $0.10 | $0.10 | $0.11 | $0.08 | $0.11 | $0.10 | $0.11 | $0.10 | $0.10 | $0.11 | $0.22 | $1.23 |
| 2023 | $0.00 | $0.10 | $0.09 | $0.10 | $0.09 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.08 | $0.19 | $1.16 |
| 2022 | $0.00 | $0.09 | $0.09 | $0.11 | $0.10 | $0.11 | $0.12 | $0.12 | $0.07 | $0.08 | $0.10 | $0.19 | $1.18 |
| 2021 | $0.00 | $0.08 | $0.10 | $0.11 | $0.11 | $0.11 | $0.07 | $0.10 | $0.10 | $0.10 | $0.10 | $0.21 | $1.19 |
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 VanEck Vectors Emerging Markets 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 VanEck Vectors Emerging Markets High Yield Bond ETF was 30.96%, occurring on Mar 19, 2020. Recovery took 167 trading sessions.
The current VanEck Vectors Emerging Markets High Yield Bond ETF drawdown is 0.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -30.96%Mar 2020 | 1mo 5d | 7mo 29d | 9mo 4dFeb 2020 - Nov 2020 |
Bear market2022 | -26.30%Nov 2022 | 1y 4mo | 1y 10mo | 3y 2moJun 2021 - Sep 2024 |
2014 correction2014 | -14.00%Dec 2014 | 5mo 5d | 1y 4mo | 1y 10moJul 2014 - May 2016 |
2013 pullback2013 | -9.87%Jun 2013 | 1mo 15d | 9mo 11d | 10mo 26dMay 2013 - Apr 2014 |
Rate-hike selloffLate 2018 | -7.30%Sep 2018 | 7mo 5d | 5mo 3d | 1y 3dFeb 2018 - Feb 2019 |
Drawdown Indicators
| HYEM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -56.78% | +25.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -9.10% | +6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -18.90% | +13.67% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | -25.43% | -0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -30.96% | -33.92% | +2.96% |
Current DrawdownCurrent decline from peak | -0.05% | -1.80% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -10.71% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.03% | -1.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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