HYEM vs. NHYB
HYEM (VanEck Vectors Emerging Markets High Yield Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - HYEM tracks the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. At a 0.46 correlation, their price movements are largely independent. HYEM charges 0.40%/yr vs 0.08%/yr for NHYB.
Performance
HYEM vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, HYEM achieves a 4.28% return, which is significantly higher than NHYB's 1.91% return.
HYEM
- 1D
- -0.15%
- 1M
- 1.26%
- YTD
- 4.28%
- 6M
- 4.29%
- 1Y
- 9.50%
- 3Y*
- 10.35%
- 5Y*
- 2.95%
- 10Y*
- 4.64%
NHYB
- 1D
- -0.04%
- 1M
- 0.52%
- YTD
- 1.91%
- 6M
- 1.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYEM vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 4.28% | 1.13% |
NHYB Nuveen High Yield Corporate Bond ETF | 1.91% | 1.24% |
Correlation
The correlation between HYEM and NHYB is 0.46, 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 Sep 24, 2025 | 0.46 |
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Return for Risk
HYEM vs. NHYB — Risk / Return Rank
HYEM
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYEM vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) and Nuveen High Yield Corporate Bond ETF (NHYB). 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 | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | — | — |
| Martin ratioReturn relative to average drawdown | 14.23 | — | — |
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Drawdowns
HYEM vs. NHYB - Drawdown Comparison
The maximum HYEM drawdown since its inception was -30.96%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for HYEM and NHYB.
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Drawdown Indicators
| HYEM | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -2.40% | -28.56% |
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 | -26.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.96% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.20% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -0.36% | -4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | — | — |
Volatility
HYEM vs. NHYB - Volatility Comparison
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Volatility by Period
| HYEM | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 3.64% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.51% | 3.64% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 3.64% | +5.63% |
HYEM vs. NHYB - Expense Ratio Comparison
HYEM has a 0.40% expense ratio, which is higher than NHYB's 0.08% expense ratio.
Dividends
HYEM vs. NHYB - Dividend Comparison
HYEM's dividend yield for the trailing twelve months is around 6.50%, more than NHYB's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 6.50% | 6.67% | 6.34% | 6.27% | 6.47% | 5.33% | 5.56% | 6.14% | 5.71% | 5.86% | 6.25% | 7.64% |
NHYB Nuveen High Yield Corporate Bond ETF | 4.25% | 1.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYEM and NHYB have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NHYB is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NHYB is cheaper with a 0.08% expense ratio, compared with 0.40% for HYEM.
HYEM has the higher dividend yield at 6.50%, compared with 4.25% for NHYB.
HYEM tracks BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: VanEck and Nuveen. Their fees differ too: 0.40% for HYEM and 0.08% for NHYB.
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