HYEM vs. EMB
Compare and contrast key facts about VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
HYEM and EMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYEM is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index. It was launched on May 8, 2012. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007. Both HYEM and EMB 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: HYEM or EMB.
Key characteristics
| HYEM | EMB | |
|---|---|---|
| YTD Return | 12.38% | 7.49% |
| 1Y Return | 19.08% | 17.09% |
| 3Y Return (Ann) | 1.98% | -1.43% |
| 5Y Return (Ann) | 2.73% | 0.49% |
| 10Y Return (Ann) | 3.87% | 2.62% |
| Sharpe Ratio | 3.37 | 2.03 |
| Sortino Ratio | 5.19 | 2.97 |
| Omega Ratio | 1.70 | 1.36 |
| Calmar Ratio | 1.27 | 0.81 |
| Martin Ratio | 39.50 | 11.65 |
| Ulcer Index | 0.47% | 1.36% |
| Daily Std Dev | 5.48% | 7.82% |
| Max Drawdown | -30.97% | -34.70% |
| Current Drawdown | 0.00% | -5.84% |
Correlation
The correlation between HYEM and EMB is 0.55, 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
HYEM vs. EMB - Performance Comparison
In the year-to-date period, HYEM achieves a 12.38% return, which is significantly higher than EMB's 7.49% return. Over the past 10 years, HYEM has outperformed EMB with an annualized return of 3.87%, while EMB has yielded a comparatively lower 2.62% annualized 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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HYEM vs. EMB - Expense Ratio Comparison
HYEM has a 0.40% expense ratio, which is higher than EMB's 0.39% expense ratio.
Risk-Adjusted Performance
HYEM vs. EMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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
HYEM vs. EMB - Dividend Comparison
HYEM's dividend yield for the trailing twelve months is around 6.10%, more than EMB's 4.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 6.10% | 6.28% | 6.47% | 5.34% | 5.56% | 6.15% | 5.71% | 5.87% | 6.25% | 7.64% | 6.77% | 6.14% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 4.89% | 4.74% | 5.04% | 3.90% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% | 4.56% | 4.75% |
Drawdowns
HYEM vs. EMB - Drawdown Comparison
The maximum HYEM drawdown since its inception was -30.97%, smaller than the maximum EMB drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for HYEM and EMB. For additional features, visit the drawdowns tool.
Volatility
HYEM vs. EMB - Volatility Comparison
The current volatility for VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) is 1.98%, while iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a volatility of 2.10%. This indicates that HYEM experiences smaller price fluctuations and is considered to be less risky than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.