HYEM vs. RBIL
HYEM (VanEck Vectors Emerging Markets High Yield Bond ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - HYEM is a High Yield Bonds fund tracking the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, HYEM returned 10.08% vs 4.60% for RBIL. At a correlation of -0.15, they often move in opposite directions. HYEM charges 0.40%/yr vs 0.17%/yr for RBIL.
Performance
HYEM vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, HYEM achieves a 3.81% return, which is significantly higher than RBIL's 2.67% return.
HYEM
- 1D
- -0.10%
- 1M
- 0.91%
- YTD
- 3.81%
- 6M
- 4.19%
- 1Y
- 10.08%
- 3Y*
- 10.82%
- 5Y*
- 3.02%
- 10Y*
- 4.63%
RBIL
- 1D
- -0.03%
- 1M
- 0.34%
- YTD
- 2.67%
- 6M
- 2.74%
- 1Y
- 4.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYEM vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 3.81% | 6.81% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.67% | 2.91% |
Correlation
The correlation between HYEM and RBIL is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025 | -0.15 |
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Return for Risk
HYEM vs. RBIL — Risk / Return Rank
HYEM
RBIL
HYEM vs. RBIL - 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 F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.
| HYEM | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -4.58 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 2.41 | -0.95 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 17.11 | -13.40 |
| Martin ratioReturn relative to average drawdown | 15.14 | 71.11 | -55.97 |
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
| HYEM | RBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 5.06 | -2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 4.24 | -3.70 |
Drawdowns
HYEM vs. RBIL - Drawdown Comparison
The maximum HYEM drawdown since its inception was -30.96%, which is greater than RBIL's maximum drawdown of -0.50%. Use the drawdown chart below to compare losses from any high point for HYEM and RBIL.
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Drawdown Indicators
| HYEM | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -0.50% | -30.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -0.27% | -2.46% |
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 DrawdownCurrent decline from peak | -0.20% | -0.03% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -0.06% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.06% | +0.61% |
Volatility
HYEM vs. RBIL - Volatility Comparison
VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) has a higher volatility of 1.32% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.30%. This indicates that HYEM's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYEM | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.30% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 0.79% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 0.92% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 1.05% | +6.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 1.05% | +8.22% |
HYEM vs. RBIL - Expense Ratio Comparison
HYEM has a 0.40% expense ratio, which is higher than RBIL's 0.17% expense ratio.
Dividends
HYEM vs. RBIL - Dividend Comparison
HYEM's dividend yield for the trailing twelve months is around 6.53%, more than RBIL's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 6.53% | 6.67% | 6.34% | 6.27% | 6.47% | 5.33% | 5.56% | 6.14% | 5.71% | 5.86% | 6.25% | 7.64% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.60% | 3.65% | 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 RBIL have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYEM has higher volatility (1.32%) compared to RBIL (0.30%). In terms of maximum drawdown, HYEM dropped -30.96% vs RBIL's -0.50%.
On 1-year performance, HYEM leads with 10.08% vs 4.60% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYEM has performed better with a 10.08% return vs 4.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.40% for HYEM.
HYEM has the higher dividend yield at 6.53%, compared with 4.60% for RBIL.
HYEM is categorized as High Yield Bonds, while RBIL is Inflation-Protected Bonds. HYEM tracks BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: VanEck and F/m. Their fees differ too: 0.40% for HYEM and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (5.06 vs 2.33), 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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