GBHI vs. HYEM

Last updated Jun 6, 2026

GBHI (Gabelli High Income ETF) and HYEM (VanEck Vectors Emerging Markets High Yield Bond ETF) are both High Yield Bonds funds. GBHI is actively managed, while HYEM is passively managed. At a 0.50 correlation, their price movements are largely independent. GBHI charges 0.55%/yr vs 0.40%/yr for HYEM.

Performance

GBHI vs. HYEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli High Income ETF (GBHI) and VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBHI achieves a 1.77% return, which is significantly lower than HYEM's 3.66% return.

GBHI

• 1D: -0.39%
• 1M: -0.24%
• YTD: 1.77%
• 6M: 2.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYEM

• 1D: -0.15%
• 1M: 0.11%
• YTD: 3.66%
• 6M: 4.19%
• 1Y: 9.57%
• 3Y*: 10.70%
• 5Y*: 2.99%
• 10Y*: 4.57%

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

GBHI vs. HYEM - Yearly Performance Comparison

	2026 (YTD)	2025
GBHI Gabelli High Income ETF	1.77%	1.29%
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF	3.66%	0.90%

Correlation

The correlation between GBHI and HYEM is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.50

Return for Risk

GBHI vs. HYEM — Risk / Return Rank

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

HYEM

HYEM Risk / Return Rank: 74
HYEM Sharpe Ratio Rank: 70
HYEM Sortino Ratio Rank: 75
HYEM Omega Ratio Rank: 77
HYEM Calmar Ratio Rank: 73
HYEM Martin Ratio Rank: 77

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.

GBHI vs. HYEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli High Income ETF (GBHI) and VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GBHI	HYEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.22	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.73	0.54	+1.19

Drawdowns

GBHI vs. HYEM - Drawdown Comparison

The maximum GBHI drawdown since its inception was -2.12%, smaller than the maximum HYEM drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for GBHI and HYEM.

Drawdown Indicators

	GBHI	HYEM	Difference
Max Drawdown Largest peak-to-trough decline	-2.12%	-30.96%	+28.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.96%	—
Current Drawdown Current decline from peak	-0.43%	-0.35%	-0.08%
Average Drawdown Average peak-to-trough decline	-0.27%	-4.40%	+4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.67%	—

Volatility

Volatility by Period

	GBHI	HYEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.34%	4.34%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.34%	7.49%	-4.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.34%	9.27%	-5.93%

GBHI vs. HYEM - Expense Ratio Comparison

GBHI has a 0.55% expense ratio, which is higher than HYEM's 0.40% expense ratio.

Dividends

GBHI vs. HYEM - Dividend Comparison

GBHI's dividend yield for the trailing twelve months is around 1.85%, less than HYEM's 6.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GBHI Gabelli High Income ETF	1.85%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF	6.54%	6.67%	6.34%	6.27%	6.47%	5.33%	5.56%	6.14%	5.71%	5.86%	6.25%	7.64%

Frequently Asked Questions

Can I hold both GBHI and HYEM in my portfolio?

GBHI and HYEM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBHI or HYEM?

On fees, HYEM is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBHI or HYEM?

HYEM is cheaper with a 0.40% expense ratio, compared with 0.55% for GBHI.

Which ETF pays a higher dividend yield, GBHI or HYEM?

HYEM has the higher dividend yield at 6.54%, compared with 1.85% for GBHI.

What is the main difference between GBHI and HYEM?

They also come from different issuers: Gabelli and VanEck. Their fees differ too: 0.55% for GBHI and 0.40% for HYEM.