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

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.


-0.50.00.51.00.7

Performance

EMHY vs. USHY - 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 iShares Broad USD High Yield Corporate Bond ETF (USHY). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
5.50%
4.99%
EMHY
USHY

Key characteristics

Sharpe Ratio

EMHY:

1.86

USHY:

2.03

Sortino Ratio

EMHY:

2.65

USHY:

2.93

Omega Ratio

EMHY:

1.34

USHY:

1.37

Calmar Ratio

EMHY:

1.38

USHY:

3.70

Martin Ratio

EMHY:

13.66

USHY:

14.31

Ulcer Index

EMHY:

0.86%

USHY:

0.60%

Daily Std Dev

EMHY:

6.35%

USHY:

4.20%

Max Drawdown

EMHY:

-30.11%

USHY:

-22.44%

Current Drawdown

EMHY:

-2.35%

USHY:

-1.21%

Returns By Period

In the year-to-date period, EMHY achieves a 11.35% return, which is significantly higher than USHY's 8.27% return.


EMHY

YTD

11.35%

1M

-1.00%

6M

5.68%

1Y

12.02%

5Y*

2.00%

10Y*

4.16%

USHY

YTD

8.27%

1M

-0.29%

6M

5.10%

1Y

8.54%

5Y*

3.93%

10Y*

N/A

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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.


Expense ratio chart for EMHY: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for USHY: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

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.


The chart of Sharpe ratio for EMHY, currently valued at 1.90, compared to the broader market0.002.004.001.902.03
The chart of Sortino ratio for EMHY, currently valued at 2.69, compared to the broader market-2.000.002.004.006.008.0010.002.692.93
The chart of Omega ratio for EMHY, currently valued at 1.35, compared to the broader market0.501.001.502.002.503.001.351.37
The chart of Calmar ratio for EMHY, currently valued at 1.41, compared to the broader market0.005.0010.0015.001.413.70
The chart of Martin ratio for EMHY, currently valued at 13.71, compared to the broader market0.0020.0040.0060.0080.00100.0013.7114.31
EMHY
USHY

The current EMHY Sharpe Ratio is 1.86, which is comparable to the USHY Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of EMHY and USHY, 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 Ratio2.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.90
2.03
EMHY
USHY

Dividends

EMHY vs. USHY - Dividend Comparison

EMHY's dividend yield for the trailing twelve months is around 6.64%, less than USHY's 6.90% yield.


TTM20232022202120202019201820172016201520142013
EMHY
iShares J.P. Morgan EM High Yield Bond ETF
6.64%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
6.90%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.


-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.35%
-1.21%
EMHY
USHY

Volatility

EMHY vs. USHY - Volatility Comparison

iShares J.P. Morgan EM High Yield Bond ETF (EMHY) has a higher volatility of 1.70% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.45%. 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.


1.00%1.50%2.00%2.50%JulyAugustSeptemberOctoberNovemberDecember
1.70%
1.45%
EMHY
USHY