EMHY vs. QCON

Last updated Jun 4, 2026

EMHY (iShares J.P. Morgan EM High Yield Bond ETF) and QCON (American Century Quality Convertible Securities ETF) are both exchange-traded funds - EMHY is a Emerging Markets Bonds fund tracking the J.P. Morgan USD Emerging Markets High Yield Bond Index, while QCON is a Corporate Bonds fund actively managed by American Century. EMHY is passively managed, while QCON is actively managed. EMHY charges 0.50%/yr vs 0.32%/yr for QCON.

Performance

EMHY vs. QCON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and American Century Quality Convertible Securities ETF (QCON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

QCON

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EMHY vs. QCON - Yearly Performance Comparison

	2026 (YTD)
EMHY iShares J.P. Morgan EM High Yield Bond ETF	1.53%
QCON American Century Quality Convertible Securities ETF	0.00%

EMHY vs. QCON - Sectors Allocation Comparison

Sectors	EMHY	QCON
Industrials	100.0%	1.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	7.9%
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	1.5%

Return for Risk

EMHY vs. QCON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMHY

EMHY Risk / Return Rank: 71
EMHY Sharpe Ratio Rank: 69
EMHY Sortino Ratio Rank: 75
EMHY Omega Ratio Rank: 77
EMHY Calmar Ratio Rank: 60
EMHY Martin Ratio Rank: 72

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.

EMHY vs. QCON - 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 American Century Quality Convertible Securities ETF (QCON). 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	QCON	Difference
Sharpe ratio: Return per unit of total volatility	2.30	—	—
Sortino ratio: Return per unit of downside risk	3.44	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	3.00	—	—
Martin ratio: Return 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.

Sharpe Ratios by Period

	EMHY	QCON	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	—	—

Drawdowns

EMHY vs. QCON - Drawdown Comparison

The maximum EMHY drawdown since its inception was -30.11%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for EMHY and QCON.

Drawdown Indicators

	EMHY	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	0.00%	-30.11%
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 Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-4.90%	0.00%	-4.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	EMHY	QCON	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%	0.00%	+5.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.10%	0.00%	+9.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.66%	0.00%	+10.66%

EMHY vs. QCON - Expense Ratio Comparison

EMHY has a 0.50% expense ratio, which is higher than QCON's 0.32% expense ratio.

Dividends

EMHY vs. QCON - Dividend Comparison

EMHY's dividend yield for the trailing twelve months is around 6.41%, while QCON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QCON American Century Quality Convertible Securities ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, EMHY or QCON?

On fees, QCON is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMHY or QCON?

QCON is cheaper with a 0.32% expense ratio, compared with 0.50% for EMHY.

Which ETF pays a higher dividend yield, EMHY or QCON?

EMHY has the higher dividend yield at 6.41%, compared with 0.00% for QCON.

What is the main difference between EMHY and QCON?

EMHY is categorized as Emerging Markets Bonds, while QCON is Corporate Bonds. They also come from different issuers: iShares and American Century. Their fees differ too: 0.50% for EMHY and 0.32% for QCON.