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ISIN
US92189F4458
CUSIP
92189F445
Issuer
VanEck
Inception Date
Apr 2, 2012
Region
Global (Broad)
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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.32%0.24%-3.18%2.82%0.39%-0.65%0.84%
20251.37%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%
20233.94%-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
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.


IHY Risk / Return Rank: 2828
Overall Rank
IHY Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
IHY Sortino Ratio Rank: 2929
Sortino Ratio Rank
IHY Omega Ratio Rank: 2727
Omega Ratio Rank
IHY Calmar Ratio Rank: 2424
Calmar Ratio Rank
IHY Martin Ratio Rank: 3030
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


IHYBenchmarkDifference
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.


4.50%5.00%5.50%$0.00$0.20$0.40$0.60$0.80$1.00$1.20$1.4020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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 4mo2y 6mo
3y 10moJun 2021 - Apr 2025
COVID crash2020
-23.89%Mar 2020
2mo 1d4mo 6d
6mo 7dJan 2020 - Jul 2020
2016 correction2016
-15.26%Jan 2016
1y 6mo1y 8d
2y 6moJul 2014 - Jan 2017
2012 pullback2012
-9.02%Jun 2012
2mo 1d2mo 18d
4mo 19dApr 2012 - Aug 2012
2013 pullback2013
-7.21%Jun 2013
1mo 16d3mo 25d
5mo 11dMay 2013 - Oct 2013

Drawdown Indicators


IHYBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-1.22%

-1.80%

+0.58%

Average Drawdown

Average peak-to-trough decline

-5.26%

-10.71%

+5.45%

Ulcer Index

Depth 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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Portfolio Analyzer

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