- ISIN
- US92189F4458
- CUSIP
- 92189F445
- Issuer
- VanEck
- Inception Date
- Apr 2, 2012
- Region
- Global (Broad)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $43M
Share Price Chart
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Performance
IHY Performance Chart
VanEck Vectors International High Yield Bond ETF (IHY) is up 0.8% since the beginning of the year. IHY is currently trading at $22 per share. Investors who bought $1,000 worth of IHY shares 5 years ago would now be looking at an investment worth $1,091.
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Returns By Period
VanEck Vectors International High Yield Bond ETF (IHY) has returned 0.84% so far this year and 5.40% over the past 12 months. Over the last ten years, IHY has returned 4.21% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
VanEck Vectors International High Yield Bond ETF
- 1D
- -0.30%
- 1M
- 0.19%
- YTD
- 0.84%
- 6M
- 1.08%
- 1Y
- 5.40%
- 3Y*
- 8.57%
- 5Y*
- 1.76%
- 10Y*
- 4.21%
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%
IHY Monthly Returns History
Based on dividend-adjusted daily data since Apr 3, 2012, IHY's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +8.1%, while the worst month was Mar 2020 at -13.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IHY closed higher 51% of trading days. The best single day was Apr 9, 2020 with a return of +3.9%, while the worst single day was Mar 18, 2020 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.32% | 0.24% | -3.18% | 2.82% | 0.39% | -0.65% | 0.84% | ||||||
| 2025 | 1.37% | 1.10% | 0.68% | 2.26% | 1.63% | 2.61% | -0.53% | 1.76% | 0.44% | -0.21% | 0.34% | 1.22% | 13.39% |
| 2024 | -0.91% | 0.29% | 0.42% | -1.34% | 2.18% | -0.08% | 2.12% | 2.67% | 1.82% | -1.90% | -0.51% | -1.14% | 3.55% |
| 2023 | 3.94% | -2.25% | 1.45% | 0.77% | -2.07% | 2.23% | 1.59% | -1.03% | -1.50% | -0.51% | 4.76% | 4.46% | 12.11% |
| 2022 | -3.25% | -3.61% | -0.87% | -5.46% | 0.14% | -7.51% | 3.42% | -2.84% | -5.36% | 1.71% | 8.08% | 1.25% | -14.34% |
| 2021 | -0.69% | 0.63% | -0.81% | 1.71% | 1.24% | -0.83% | -0.64% | 0.52% | -2.38% | -1.24% | -1.93% | 1.67% | -2.82% |
Benchmark Metrics
VanEck Vectors International High Yield Bond ETF has an annualized alpha of 1.39%, beta of 0.22, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since April 03, 2012.
- This ETF participated in 53.53% of S&P 500 Index downside but only 37.37% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.22 may look defensive, but with R2 of 0.24 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 0.24 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
- 1.39%
- Beta
- 0.22
- R²
- 0.24
- Upside Capture
- 37.37%
- Downside Capture
- 53.53%
Expense Ratio
IHY has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IHY ranks 28 for risk / return — below 28% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Vectors International High Yield Bond ETF (IHY) 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.
| IHY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.78 | -1.64 |
| Martin ratioReturn relative to average drawdown | 4.06 | 12.44 | -8.38 |
Dividends
Dividend History
VanEck Vectors International High Yield Bond ETF provided a 5.70% dividend yield over the last twelve months, with an annual payout of $1.23 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.23 | $1.17 | $1.15 | $1.10 | $0.98 | $1.10 | $1.21 | $1.22 | $1.10 | $1.12 | $1.22 | $1.30 |
Dividend yield | 5.70% | 5.31% | 5.60% | 5.26% | 4.97% | 4.55% | 4.65% | 4.86% | 4.70% | 4.36% | 5.11% | 5.79% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Vectors International 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 | $0.10 | $0.09 | $0.12 | $0.10 | $0.11 | $0.52 | ||||||
| 2025 | $0.00 | $0.10 | $0.07 | $0.10 | $0.09 | $0.10 | $0.08 | $0.10 | $0.10 | $0.10 | $0.20 | $0.13 | $1.17 |
| 2024 | $0.00 | $0.09 | $0.08 | $0.19 | $0.00 | $0.10 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.20 | $1.15 |
| 2023 | $0.00 | $0.09 | $0.08 | $0.17 | $0.00 | $0.11 | $0.08 | $0.09 | $0.09 | $0.11 | $0.09 | $0.19 | $1.10 |
| 2022 | $0.00 | $0.08 | $0.08 | $0.17 | $0.00 | $0.09 | $0.08 | $0.08 | $0.08 | $0.07 | $0.09 | $0.17 | $0.98 |
| 2021 | $0.00 | $0.10 | $0.09 | $0.19 | $0.00 | $0.10 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.17 | $1.10 |
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 International 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 International High Yield Bond ETF was 27.63%, occurring on Oct 14, 2022. Recovery took 633 trading sessions.
The current VanEck Vectors International High Yield Bond ETF drawdown is 1.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -27.63%Oct 2022 | 1y 4mo | 2y 6mo | 3y 10moJun 2021 - Apr 2025 |
COVID crash2020 | -23.89%Mar 2020 | 2mo 1d | 4mo 6d | 6mo 7dJan 2020 - Jul 2020 |
2016 correction2016 | -15.26%Jan 2016 | 1y 6mo | 1y 8d | 2y 6moJul 2014 - Jan 2017 |
2012 pullback2012 | -9.02%Jun 2012 | 2mo 1d | 2mo 18d | 4mo 19dApr 2012 - Aug 2012 |
2013 pullback2013 | -7.21%Jun 2013 | 1mo 16d | 3mo 25d | 5mo 11dMay 2013 - Oct 2013 |
Drawdown Indicators
| IHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.63% | -56.78% | +29.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -9.10% | +4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | -18.90% | +14.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.92% | -25.43% | -1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -27.63% | -33.92% | +6.29% |
Current DrawdownCurrent decline from peak | -1.22% | -1.80% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -10.71% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.03% | -0.70% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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