CGHY vs. HYEM
CGHY (Capital Group High Yield Bond ETF) and HYEM (VanEck Vectors Emerging Markets High Yield Bond ETF) are both High Yield Bonds funds. At a 0.43 correlation, their price movements are largely independent. CGHY charges 0.39%/yr vs 0.40%/yr for HYEM.
Performance
CGHY vs. HYEM - Performance Comparison
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Returns By Period
In the year-to-date period, CGHY achieves a 2.11% return, which is significantly lower than HYEM's 3.81% return.
CGHY
- 1D
- 0.22%
- 1M
- 0.58%
- YTD
- 2.11%
- 6M
- 2.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYEM
- 1D
- -0.10%
- 1M
- 0.91%
- YTD
- 3.81%
- 6M
- 4.19%
- 1Y
- 10.08%
- 3Y*
- 10.82%
- 5Y*
- 3.02%
- 10Y*
- 4.63%
CGHY vs. HYEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CGHY Capital Group High Yield Bond ETF | 2.11% | 3.77% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 3.81% | 4.53% |
Correlation
The correlation between CGHY and HYEM is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.43 |
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Return for Risk
CGHY vs. HYEM — Risk / Return Rank
CGHY
HYEM
CGHY vs. HYEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group High Yield Bond ETF (CGHY) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CGHY | HYEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.33 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.92 | 0.54 | +1.38 |
Drawdowns
CGHY vs. HYEM - Drawdown Comparison
The maximum CGHY drawdown since its inception was -2.38%, smaller than the maximum HYEM drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for CGHY and HYEM.
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Drawdown Indicators
| CGHY | HYEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.38% | -30.96% | +28.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.73% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.23% | — |
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 | -0.14% | -0.20% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -4.40% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.67% | — |
Volatility
CGHY vs. HYEM - Volatility Comparison
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Volatility by Period
| CGHY | HYEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 4.33% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 7.49% | -4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.33% | 9.27% | -5.94% |
CGHY vs. HYEM - Expense Ratio Comparison
CGHY has a 0.39% expense ratio, which is lower than HYEM's 0.40% expense ratio.
Dividends
CGHY vs. HYEM - Dividend Comparison
CGHY's dividend yield for the trailing twelve months is around 5.07%, less than HYEM's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGHY Capital Group High Yield Bond ETF | 5.07% | 3.09% | 0.00% | 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 | 6.53% | 6.67% | 6.34% | 6.27% | 6.47% | 5.33% | 5.56% | 6.14% | 5.71% | 5.86% | 6.25% | 7.64% |
Frequently Asked Questions
CGHY and HYEM have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGHY is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGHY is cheaper with a 0.39% expense ratio, compared with 0.40% for HYEM.
HYEM has the higher dividend yield at 6.53%, compared with 5.07% for CGHY.
They also come from different issuers: Capital Group and VanEck. Their fees differ too: 0.39% for CGHY and 0.40% for HYEM.
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