HYEM vs. BBHY
HYEM (VanEck Emerging Markets High Yield Bond ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - HYEM tracks the ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past 5 years, HYEM returned 3.15%/yr vs 3.99%/yr for BBHY. Their 0.47 correlation means their historical movements had little consistent relationship. HYEM charges 0.40%/yr vs 0.15%/yr for BBHY.
Performance
HYEM vs. BBHY - Performance Comparison
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Returns By Period
In the year-to-date period, HYEM achieves a 4.38% return, which is significantly higher than BBHY's 2.13% return.
HYEM
- 1D
- 0.15%
- 1M
- 0.25%
- 6M
- 2.70%
- YTD
- 4.38%
- 1Y
- 7.54%
- 3Y*
- 10.22%
- 5Y*
- 3.15%
- 10Y*
- 4.33%
- ALL TIME*
- 4.72%
BBHY
- 1D
- 0.30%
- 1M
- -0.11%
- 6M
- 1.34%
- YTD
- 2.13%
- 1Y
- 5.69%
- 3Y*
- 8.37%
- 5Y*
- 3.99%
- 10Y*
- —
- ALL TIME*
- 4.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.07M | $3.06M | $2.90M | |
| $1.89M | $2.23M | $4.32M |
HYEM vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYEM VanEck Emerging Markets High Yield Bond ETF | 4.38% | 9.24% | 12.14% | 8.35% | -13.39% | -1.31% | 6.87% | 12.85% | -3.38% | 7.94% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2.13% | 8.51% | 7.81% | 11.98% | -10.37% | 3.88% | 5.36% | 14.35% | -2.50% | 6.57% |
Correlation
The correlation between HYEM and BBHY is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.47 |
The correlation between HYEM and BBHY shifts across timeframes, from 0.45 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYEM vs. BBHY — Risk / Return Rank
HYEM
BBHY
HYEM vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets High Yield Bond ETF (HYEM) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYEM | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.41 | +0.37 |
| Martin ratioReturn relative to average drawdown | 11.12 | 10.49 | +0.63 |
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Drawdowns
HYEM vs. BBHY - Drawdown Comparison
The maximum HYEM drawdown since its inception was -30.96%, which is greater than BBHY's maximum drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for HYEM and BBHY.
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Drawdown Indicators
| HYEM | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -24.98% | -5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.37% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -5.23% | -5.00% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -15.32% | -10.97% |
Max Drawdown (10Y)Largest decline over 10 years | -30.96% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.25% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -2.34% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.54% | +0.14% |
Volatility
HYEM vs. BBHY - Volatility Comparison
The current volatility for VanEck Emerging Markets High Yield Bond ETF (HYEM) is 0.72%, while JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a volatility of 0.88%. This indicates that HYEM experiences smaller price fluctuations and is considered to be less risky than BBHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYEM | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.88% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 3.02% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 3.67% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.50% | 7.27% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.26% | 7.48% | +1.78% |
HYEM vs. BBHY - Expense Ratio Comparison
HYEM has a 0.40% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Dividends
HYEM vs. BBHY - Dividend Comparison
HYEM's dividend yield for the trailing twelve months is around 6.79%, less than BBHY's 7.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.11% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% | 0.00% |
HYEM VanEck Emerging Markets High Yield Bond ETF | 6.79% | 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
HYEM and BBHY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBHY has higher volatility (0.88%) compared to HYEM (0.72%). In terms of maximum drawdown, HYEM dropped -30.96% vs BBHY's -24.98%.
On 5-year performance, BBHY leads with 3.99% vs 3.15% for HYEM. On fees, BBHY is cheaper at 0.15% per year. On volatility, HYEM has been the lower-risk option at 0.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBHY has performed better with a 3.99% return vs 3.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBHY is cheaper with a 0.15% expense ratio, compared with 0.40% for HYEM.
BBHY has the higher dividend yield at 7.11%, compared with 6.79% for HYEM.
HYEM tracks ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index, while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: VanEck and JPMorgan. Their fees differ too: 0.40% for HYEM and 0.15% for BBHY.
HYEM currently has the higher Sharpe Ratio (1.72 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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