IBHI vs. HYEM
Compare and contrast key facts about iShares iBonds 2029 Term High Yield and Income ETF (IBHI) and VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM).
IBHI and HYEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHI is a passively managed fund by iShares that tracks the performance of the Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross. It was launched on Mar 8, 2022. 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 IBHI 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.
Performance
IBHI vs. HYEM - Performance Comparison
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IBHI vs. HYEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBHI iShares iBonds 2029 Term High Yield and Income ETF | -0.24% | 7.88% | 8.33% | 14.21% | -8.52% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 0.36% | 9.24% | 12.14% | 8.35% | -0.75% |
Returns By Period
In the year-to-date period, IBHI achieves a -0.24% return, which is significantly lower than HYEM's 0.36% return.
IBHI
- 1D
- 0.13%
- 1M
- -0.20%
- YTD
- -0.24%
- 6M
- 0.93%
- 1Y
- 7.11%
- 3Y*
- 8.32%
- 5Y*
- —
- 10Y*
- —
HYEM
- 1D
- 0.10%
- 1M
- -1.79%
- YTD
- 0.36%
- 6M
- 1.52%
- 1Y
- 7.53%
- 3Y*
- 9.25%
- 5Y*
- 2.64%
- 10Y*
- 4.66%
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IBHI vs. HYEM - Expense Ratio Comparison
IBHI has a 0.35% expense ratio, which is lower than HYEM's 0.40% expense ratio.
Return for Risk
IBHI vs. HYEM — Risk / Return Rank
IBHI
HYEM
IBHI vs. HYEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2029 Term High Yield and Income ETF (IBHI) 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.
| IBHI | HYEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.14 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.74 | 1.61 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.54 | +0.11 |
Martin ratioReturn relative to average drawdown | 9.17 | 7.62 | +1.54 |
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
| IBHI | HYEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.14 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.52 | +0.10 |
Correlation
The correlation between IBHI and HYEM is 0.56, 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.
Dividends
IBHI vs. HYEM - Dividend Comparison
IBHI's dividend yield for the trailing twelve months is around 6.88%, more than HYEM's 6.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 6.88% | 6.79% | 6.66% | 6.48% | 5.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 6.77% | 6.67% | 6.34% | 6.27% | 6.47% | 5.33% | 5.56% | 6.14% | 5.71% | 5.86% | 6.25% | 7.64% |
Drawdowns
IBHI vs. HYEM - Drawdown Comparison
The maximum IBHI drawdown since its inception was -13.65%, smaller than the maximum HYEM drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for IBHI and HYEM.
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Drawdown Indicators
| IBHI | HYEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -30.96% | +17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -4.85% | +0.37% |
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 | -0.89% | -2.13% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -2.96% | -4.45% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.98% | -0.17% |
Volatility
IBHI vs. HYEM - Volatility Comparison
iShares iBonds 2029 Term High Yield and Income ETF (IBHI) and VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) have volatilities of 2.02% and 2.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHI | HYEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 2.06% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 3.41% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 6.64% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 7.47% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.12% | 9.27% | -1.15% |