AOHY vs. HYEM
Compare and contrast key facts about Angel Oak High Yield Opportunities ETF (AOHY) and VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM).
AOHY and HYEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOHY is an actively managed fund by Angel Oak. It was launched on Mar 31, 2009. HYEM is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index. It was launched on May 8, 2012.
Performance
AOHY vs. HYEM - Performance Comparison
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AOHY vs. HYEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AOHY Angel Oak High Yield Opportunities ETF | 0.49% | 7.62% | 7.50% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 0.36% | 9.24% | 9.89% |
Returns By Period
In the year-to-date period, AOHY achieves a 0.49% return, which is significantly higher than HYEM's 0.36% return.
AOHY
- 1D
- 0.46%
- 1M
- -0.64%
- YTD
- 0.49%
- 6M
- 1.33%
- 1Y
- 6.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYEM
- 1D
- 0.10%
- 1M
- -1.79%
- YTD
- 0.36%
- 6M
- 1.52%
- 1Y
- 7.53%
- 3Y*
- 9.25%
- 5Y*
- 2.64%
- 10Y*
- 4.66%
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AOHY vs. HYEM - Expense Ratio Comparison
AOHY has a 0.55% expense ratio, which is higher than HYEM's 0.40% expense ratio.
Return for Risk
AOHY vs. HYEM — Risk / Return Rank
AOHY
HYEM
AOHY vs. HYEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AOHY | HYEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 1.14 | +0.43 |
Sortino ratioReturn per unit of downside risk | 2.30 | 1.61 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.26 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.54 | +0.38 |
Martin ratioReturn relative to average drawdown | 10.01 | 7.62 | +2.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AOHY | HYEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.14 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.94 | 0.52 | +1.42 |
Correlation
The correlation between AOHY and HYEM is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AOHY vs. HYEM - Dividend Comparison
AOHY's dividend yield for the trailing twelve months is around 6.58%, less than HYEM's 6.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOHY Angel Oak High Yield Opportunities ETF | 6.58% | 6.53% | 6.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 6.77% | 6.67% | 6.34% | 6.27% | 6.47% | 5.33% | 5.56% | 6.14% | 5.71% | 5.86% | 6.25% | 7.64% |
Drawdowns
AOHY vs. HYEM - Drawdown Comparison
The maximum AOHY drawdown since its inception was -4.17%, smaller than the maximum HYEM drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for AOHY and HYEM.
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Drawdown Indicators
| AOHY | HYEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.17% | -30.96% | +26.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -4.85% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.96% | — |
Current DrawdownCurrent decline from peak | -0.72% | -2.13% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -4.45% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.98% | -0.30% |
Volatility
AOHY vs. HYEM - Volatility Comparison
The current volatility for Angel Oak High Yield Opportunities ETF (AOHY) is 1.93%, while VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) has a volatility of 2.06%. This indicates that AOHY experiences smaller price fluctuations and is considered to be less risky than HYEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOHY | HYEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 2.06% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 3.41% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.43% | 6.64% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.83% | 7.47% | -3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.83% | 9.27% | -5.44% |