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EMHY vs. SPHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between EMHY and SPHY is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.4

Performance

EMHY vs. SPHY - 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 SPDR Portfolio High Yield Bond ETF (SPHY). The values are adjusted to include any dividend payments, if applicable.

60.00%65.00%70.00%75.00%80.00%NovemberDecember2025FebruaryMarchApril
69.80%
80.25%
EMHY
SPHY

Key characteristics

Sharpe Ratio

EMHY:

1.37

SPHY:

1.59

Sortino Ratio

EMHY:

1.97

SPHY:

2.32

Omega Ratio

EMHY:

1.28

SPHY:

1.34

Calmar Ratio

EMHY:

1.77

SPHY:

1.82

Martin Ratio

EMHY:

8.97

SPHY:

9.82

Ulcer Index

EMHY:

1.17%

SPHY:

0.90%

Daily Std Dev

EMHY:

7.68%

SPHY:

5.58%

Max Drawdown

EMHY:

-30.11%

SPHY:

-21.97%

Current Drawdown

EMHY:

-0.89%

SPHY:

-0.99%

Returns By Period

In the year-to-date period, EMHY achieves a 2.29% return, which is significantly higher than SPHY's 1.22% return. Over the past 10 years, EMHY has underperformed SPHY with an annualized return of 3.86%, while SPHY has yielded a comparatively higher 4.48% annualized return.


EMHY

YTD

2.29%

1M

0.10%

6M

2.79%

1Y

11.22%

5Y*

6.57%

10Y*

3.86%

SPHY

YTD

1.22%

1M

-0.14%

6M

2.15%

1Y

9.22%

5Y*

6.85%

10Y*

4.48%

*Annualized

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EMHY vs. SPHY - Expense Ratio Comparison

EMHY has a 0.50% expense ratio, which is higher than SPHY's 0.10% expense ratio.


Expense ratio chart for EMHY: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
EMHY: 0.50%
Expense ratio chart for SPHY: current value is 0.10%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPHY: 0.10%

Risk-Adjusted Performance

EMHY vs. SPHY — Risk-Adjusted Performance Rank

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

EMHY
The Risk-Adjusted Performance Rank of EMHY is 8989
Overall Rank
The Sharpe Ratio Rank of EMHY is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of EMHY is 8888
Sortino Ratio Rank
The Omega Ratio Rank of EMHY is 8989
Omega Ratio Rank
The Calmar Ratio Rank of EMHY is 9191
Calmar Ratio Rank
The Martin Ratio Rank of EMHY is 9292
Martin Ratio Rank

SPHY
The Risk-Adjusted Performance Rank of SPHY is 9292
Overall Rank
The Sharpe Ratio Rank of SPHY is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of SPHY is 9191
Sortino Ratio Rank
The Omega Ratio Rank of SPHY is 9292
Omega Ratio Rank
The Calmar Ratio Rank of SPHY is 9292
Calmar Ratio Rank
The Martin Ratio Rank of SPHY is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EMHY vs. SPHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.


The chart of Sharpe ratio for EMHY, currently valued at 1.37, compared to the broader market-1.000.001.002.003.004.00
EMHY: 1.37
SPHY: 1.59
The chart of Sortino ratio for EMHY, currently valued at 1.97, compared to the broader market-2.000.002.004.006.008.00
EMHY: 1.97
SPHY: 2.32
The chart of Omega ratio for EMHY, currently valued at 1.28, compared to the broader market0.501.001.502.002.50
EMHY: 1.28
SPHY: 1.34
The chart of Calmar ratio for EMHY, currently valued at 1.77, compared to the broader market0.002.004.006.008.0010.0012.00
EMHY: 1.77
SPHY: 1.82
The chart of Martin ratio for EMHY, currently valued at 8.97, compared to the broader market0.0020.0040.0060.00
EMHY: 8.97
SPHY: 9.82

The current EMHY Sharpe Ratio is 1.37, which is comparable to the SPHY Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of EMHY and SPHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.37
1.59
EMHY
SPHY

Dividends

EMHY vs. SPHY - Dividend Comparison

EMHY's dividend yield for the trailing twelve months is around 7.10%, less than SPHY's 7.76% yield.


TTM20242023202220212020201920182017201620152014
EMHY
iShares J.P. Morgan EM High Yield Bond ETF
7.10%6.86%6.73%7.08%5.58%5.44%5.72%6.79%5.59%6.43%6.99%6.36%
SPHY
SPDR Portfolio High Yield Bond ETF
7.76%7.80%7.30%6.47%5.14%5.63%5.73%4.09%4.41%4.27%4.29%3.98%

Drawdowns

EMHY vs. SPHY - Drawdown Comparison

The maximum EMHY drawdown since its inception was -30.11%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for EMHY and SPHY. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-0.89%
-0.99%
EMHY
SPHY

Volatility

EMHY vs. SPHY - Volatility Comparison

iShares J.P. Morgan EM High Yield Bond ETF (EMHY) has a higher volatility of 5.34% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 4.19%. This indicates that EMHY's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
5.34%
4.19%
EMHY
SPHY