EMHY vs. VEMY
Compare and contrast key facts about iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY).
EMHY and VEMY 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. VEMY is an actively managed fund by Virtus. It was launched on Dec 12, 2022.
Performance
EMHY vs. VEMY - Performance Comparison
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EMHY vs. VEMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMHY iShares J.P. Morgan EM High Yield Bond ETF | -1.07% | 13.70% | 11.97% | 11.47% | -1.25% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 1.17% | 15.27% | 13.48% | 14.45% | -1.08% |
Returns By Period
In the year-to-date period, EMHY achieves a -1.07% return, which is significantly lower than VEMY's 1.17% return.
EMHY
- 1D
- 0.35%
- 1M
- -2.59%
- YTD
- -1.07%
- 6M
- 2.66%
- 1Y
- 10.13%
- 3Y*
- 11.28%
- 5Y*
- 4.20%
- 10Y*
- 4.63%
VEMY
- 1D
- 0.41%
- 1M
- -2.01%
- YTD
- 1.17%
- 6M
- 5.69%
- 1Y
- 13.36%
- 3Y*
- 14.22%
- 5Y*
- —
- 10Y*
- —
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EMHY vs. VEMY - Expense Ratio Comparison
EMHY has a 0.50% expense ratio, which is lower than VEMY's 0.58% expense ratio.
Return for Risk
EMHY vs. VEMY — Risk / Return Rank
EMHY
VEMY
EMHY vs. VEMY - 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 Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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 | VEMY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.69 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.33 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.43 | -0.34 |
Martin ratioReturn relative to average drawdown | 9.21 | 10.40 | -1.18 |
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 | VEMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.69 | -0.33 |
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 | 0.48 | 1.71 | -1.23 |
Correlation
The correlation between EMHY and VEMY is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EMHY vs. VEMY - Dividend Comparison
EMHY's dividend yield for the trailing twelve months is around 6.56%, less than VEMY's 8.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.56% | 6.52% | 6.86% | 6.73% | 7.08% | 5.58% | 5.44% | 5.72% | 6.79% | 5.59% | 6.43% | 6.99% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.92% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EMHY vs. VEMY - Drawdown Comparison
The maximum EMHY drawdown since its inception was -30.11%, which is greater than VEMY's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for EMHY and VEMY.
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Drawdown Indicators
| EMHY | VEMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -8.77% | -21.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.92% | -5.33% | +0.41% |
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 | -3.00% | -2.53% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -1.34% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.30% | -0.17% |
Volatility
EMHY vs. VEMY - Volatility Comparison
iShares J.P. Morgan EM High Yield Bond ETF (EMHY) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) have volatilities of 3.10% and 3.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMHY | VEMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 3.10% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 4.66% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.51% | 7.95% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.07% | 7.69% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.65% | 7.69% | +2.96% |