HYXU vs. HYEM
Compare and contrast key facts about iShares International High Yield Bond ETF (HYXU) and VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM).
HYXU and HYEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYXU is a passively managed fund by iShares that tracks the performance of the Markit iBoxx Global Developed Markets ex-US High Yield Index. It was launched on Apr 3, 2012. 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. Both HYXU and HYEM 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: HYXU or HYEM.
Key characteristics
| HYXU | HYEM | |
|---|---|---|
| YTD Return | 3.11% | 12.15% |
| 1Y Return | 11.99% | 18.24% |
| 3Y Return (Ann) | -0.19% | 1.73% |
| 5Y Return (Ann) | 2.17% | 2.69% |
| 10Y Return (Ann) | 1.70% | 3.86% |
| Sharpe Ratio | 1.57 | 3.34 |
| Sortino Ratio | 2.35 | 5.14 |
| Omega Ratio | 1.28 | 1.70 |
| Calmar Ratio | 0.77 | 1.26 |
| Martin Ratio | 6.36 | 39.02 |
| Ulcer Index | 1.92% | 0.47% |
| Daily Std Dev | 7.80% | 5.48% |
| Max Drawdown | -32.45% | -30.97% |
| Current Drawdown | -5.06% | 0.00% |
Correlation
The correlation between HYXU and HYEM is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HYXU vs. HYEM - Performance Comparison
In the year-to-date period, HYXU achieves a 3.11% return, which is significantly lower than HYEM's 12.15% return. Over the past 10 years, HYXU has underperformed HYEM with an annualized return of 1.70%, while HYEM has yielded a comparatively higher 3.86% 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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HYXU vs. HYEM - Expense Ratio Comparison
Both HYXU and HYEM have an expense ratio of 0.40%.
Risk-Adjusted Performance
HYXU vs. HYEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International High Yield Bond ETF (HYXU) 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.
Dividends
HYXU vs. HYEM - Dividend Comparison
HYXU's dividend yield for the trailing twelve months is around 3.28%, less than HYEM's 6.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYXU iShares International High Yield Bond ETF | 3.28% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.50% | 3.25% | 4.55% | 5.02% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 6.11% | 6.28% | 6.47% | 5.34% | 5.56% | 6.15% | 5.71% | 5.87% | 6.25% | 7.64% | 6.77% | 6.14% |
Drawdowns
HYXU vs. HYEM - Drawdown Comparison
The maximum HYXU drawdown since its inception was -32.45%, roughly equal to the maximum HYEM drawdown of -30.97%. Use the drawdown chart below to compare losses from any high point for HYXU and HYEM. For additional features, visit the drawdowns tool.
Volatility
HYXU vs. HYEM - Volatility Comparison
iShares International High Yield Bond ETF (HYXU) has a higher volatility of 2.13% compared to VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) at 1.98%. This indicates that HYXU's price experiences larger fluctuations and is considered to be riskier than HYEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.