EMHY vs. BREM
EMHY (iShares J.P. Morgan EM High Yield Bond ETF) and BREM (iShares Emerging Markets Bond Active ETF) are both Emerging Markets Bonds funds. EMHY is passively managed, while BREM is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.
Performance
EMHY vs. BREM - Performance Comparison
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Returns By Period
In the year-to-date period, EMHY achieves a 2.80% return, which is significantly lower than BREM's 3.26% return.
EMHY
- 1D
- -0.37%
- 1M
- 1.38%
- YTD
- 2.80%
- 6M
- 3.49%
- 1Y
- 12.96%
- 3Y*
- 13.15%
- 5Y*
- 4.25%
- 10Y*
- 4.73%
BREM
- 1D
- -0.21%
- 1M
- 1.16%
- YTD
- 3.26%
- 6M
- 3.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMHY vs. BREM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2.80% | 3.41% |
BREM iShares Emerging Markets Bond Active ETF | 3.26% | 2.74% |
Correlation
The correlation between EMHY and BREM is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 17, 2025 | 0.84 |
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Return for Risk
EMHY vs. BREM — Risk / Return Rank
EMHY
BREM
EMHY vs. BREM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and iShares Emerging Markets Bond Active ETF (BREM). 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.
| EMHY | BREM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.47 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | — | — |
| Martin ratioReturn relative to average drawdown | 13.63 | — | — |
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
| EMHY | BREM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.75 | -1.25 |
Drawdowns
EMHY vs. BREM - Drawdown Comparison
The maximum EMHY drawdown since its inception was -30.11%, which is greater than BREM's maximum drawdown of -4.54%. Use the drawdown chart below to compare losses from any high point for EMHY and BREM.
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Drawdown Indicators
| EMHY | BREM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -4.54% | -25.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.11% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.21% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -0.67% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | — | — |
Volatility
EMHY vs. BREM - Volatility Comparison
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Volatility by Period
| EMHY | BREM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 5.70% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.10% | 5.70% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.66% | 5.70% | +4.96% |
EMHY vs. BREM - Expense Ratio Comparison
Both EMHY and BREM have an expense ratio of 0.50%.
Dividends
EMHY vs. BREM - Dividend Comparison
EMHY's dividend yield for the trailing twelve months is around 6.41%, more than BREM's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BREM iShares Emerging Markets Bond Active ETF | 3.91% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.41% | 6.52% | 6.86% | 6.73% | 7.08% | 5.58% | 5.44% | 5.72% | 6.79% | 5.59% | 6.43% | 6.99% |
Frequently Asked Questions
EMHY and BREM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMHY and BREM have the same expense ratio: 0.50% per year.
EMHY has the higher dividend yield at 6.41%, compared with 3.91% for BREM.
They also come from different issuers: iShares and BlackRock.
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