- Issuer
- VanEck
- Inception Date
- Mar 20, 2018
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- VanEck Emerging Markets High Yield Bond UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
HYEM.L Performance Chart
VanEck Emerging Markets High Yield Bond UCITS ETF (HYEM.L) is up 3.2% since the beginning of the year. HYEM.L is currently trading at $139 per share. Investors who bought $1,000 worth of HYEM.L shares 5 years ago would now be looking at an investment worth $1,142.
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Returns By Period
VanEck Emerging Markets High Yield Bond UCITS ETF (HYEM.L) has returned 3.15% so far this year and 7.88% over the past 12 months.
VanEck Emerging Markets High Yield Bond UCITS ETF
- 1D
- -0.36%
- 1M
- -0.68%
- 6M
- 2.60%
- YTD
- 3.15%
- 1Y
- 7.88%
- 3Y*
- 9.82%
- 5Y*
- 2.69%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
HYEM.L Monthly Returns History
Based on dividend-adjusted daily data since Mar 20, 2018, HYEM.L's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +9.0%, while the worst month was Mar 2020 at -15.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HYEM.L closed higher 54% of trading days. The best single day was Oct 14, 2022 with a return of +4.3%, while the worst single day was Mar 12, 2020 at -6.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.29% | 0.91% | -2.34% | 2.96% | 0.35% | 0.30% | -0.27% | 3.15% | |||||
| 2025 | 1.14% | 1.22% | -0.36% | -0.76% | 1.38% | 1.45% | 1.25% | 1.25% | 0.71% | 0.70% | -0.25% | 0.95% | 8.98% |
| 2024 | 0.72% | 1.08% | 1.35% | -0.55% | 2.10% | 1.32% | 1.47% | 1.75% | 1.32% | 0.21% | 0.67% | -0.11% | 11.89% |
| 2023 | 4.09% | -2.32% | 0.35% | -0.20% | -1.79% | 1.67% | 1.20% | -0.46% | -0.28% | -1.81% | 4.22% | 2.90% | 7.56% |
| 2022 | -2.29% | -5.22% | -2.27% | -2.19% | -1.47% | -4.83% | 0.21% | 0.24% | -5.18% | -1.83% | 8.97% | 3.02% | -12.87% |
| 2021 | 0.14% | 0.56% | -0.28% | 0.80% | 0.45% | 0.93% | -1.78% | 1.22% | -1.01% | -0.48% | -2.33% | 1.19% | -0.65% |
Benchmark Metrics
VanEck Emerging Markets High Yield Bond UCITS ETF has an annualized alpha of 2.96%, beta of 0.10, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since March 20, 2018.
- This ETF participated in 37.46% of S&P 500 Index downside but only 28.14% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.10 may look defensive, but with R2 of 0.08 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 0.08 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
- 2.96%
- Beta
- 0.10
- R²
- 0.08
- Upside Capture
- 28.14%
- Downside Capture
- 37.46%
Expense Ratio
HYEM.L has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HYEM.L ranks 64 for risk / return — better than 64% 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 Emerging Markets High Yield Bond UCITS ETF (HYEM.L) 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.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.35 | +0.18 |
| Martin ratioReturn relative to average drawdown | 9.53 | 10.19 | -0.66 |
Dividends
Dividend History
VanEck Emerging Markets High Yield Bond UCITS ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Emerging Markets High Yield Bond UCITS 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
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 Emerging Markets High Yield Bond UCITS 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 Emerging Markets High Yield Bond UCITS ETF was 27.28%, occurring on Oct 13, 2022. Recovery took 485 trading sessions.
The current VanEck Emerging Markets High Yield Bond UCITS ETF drawdown is 0.78%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-27.28%Oct 2022 | 1y 2mo | 1y 11mo | 3y 2moJul 2021 - Sep 2024 | Bear market2022 |
-21.18%Mar 2020 | 29d | 5mo 12d | 6mo 11dFeb 2020 - Sep 2020 | COVID crash2020 |
-4.62%Sep 2018 | 5mo 5d | 4mo 14d | 9mo 19dApr 2018 - Jan 2019 | Rate-hike selloffLate 2018 |
-4.27%Apr 2025 | 1mo 6d | 1mo 11d | 2mo 17dMar 2025 - May 2025 | 2025 selloff2025 |
-3.73%Nov 2020 | 1mo 29d | 10d | 2mo 9dSep 2020 - Nov 2020 | — |
Drawdown Indicators
| HYEM.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.28% | -56.78% | +29.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -9.10% | +6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -4.27% | -18.90% | +14.63% |
Max Drawdown (5Y)Largest decline over 5 years | -27.28% | -25.43% | -1.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.78% | -0.49% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -10.70% | +5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.09% | -1.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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