EMHY vs. USHY
Compare and contrast key facts about iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
EMHY and USHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMHY is a passively managed fund by iShares that tracks the performance of the J.P. Morgan USD Emerging Markets High Yield Bond Index. It was launched on Apr 3, 2012. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both EMHY and USHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMHY or USHY.
Key characteristics
| EMHY | USHY | |
|---|---|---|
| YTD Return | 12.79% | 8.90% |
| 1Y Return | 21.80% | 14.82% |
| 3Y Return (Ann) | 2.93% | 3.19% |
| 5Y Return (Ann) | 2.80% | 4.47% |
| Sharpe Ratio | 3.29 | 3.46 |
| Sortino Ratio | 4.90 | 5.57 |
| Omega Ratio | 1.63 | 1.71 |
| Calmar Ratio | 1.56 | 2.92 |
| Martin Ratio | 26.78 | 27.25 |
| Ulcer Index | 0.83% | 0.56% |
| Daily Std Dev | 6.77% | 4.42% |
| Max Drawdown | -30.11% | -22.44% |
| Current Drawdown | -0.18% | -0.03% |
Correlation
The correlation between EMHY and USHY is 0.65, 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.
Performance
EMHY vs. USHY - Performance Comparison
In the year-to-date period, EMHY achieves a 12.79% return, which is significantly higher than USHY's 8.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EMHY vs. USHY - Expense Ratio Comparison
EMHY has a 0.50% expense ratio, which is higher than USHY's 0.15% expense ratio.
Risk-Adjusted Performance
EMHY vs. USHY - 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 iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.
Dividends
EMHY vs. USHY - Dividend Comparison
EMHY's dividend yield for the trailing twelve months is around 6.47%, less than USHY's 6.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.47% | 6.73% | 7.08% | 5.59% | 5.44% | 5.72% | 6.80% | 5.59% | 6.43% | 6.99% | 6.37% | 6.03% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.66% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EMHY vs. USHY - Drawdown Comparison
The maximum EMHY drawdown since its inception was -30.11%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for EMHY and USHY. For additional features, visit the drawdowns tool.
Volatility
EMHY vs. USHY - Volatility Comparison
iShares J.P. Morgan EM High Yield Bond ETF (EMHY) has a higher volatility of 2.02% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 0.95%. This indicates that EMHY's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.