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IHY vs. HYEM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IHY and HYEM is 0.39, 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

IHY vs. HYEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors International High Yield Bond ETF (IHY) and VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM). The values are adjusted to include any dividend payments, if applicable.

60.00%65.00%70.00%December2025FebruaryMarchAprilMay
66.48%
71.82%
IHY
HYEM

Key characteristics

Sharpe Ratio

IHY:

1.43

HYEM:

1.18

Sortino Ratio

IHY:

2.07

HYEM:

1.74

Omega Ratio

IHY:

1.28

HYEM:

1.26

Calmar Ratio

IHY:

0.99

HYEM:

1.66

Martin Ratio

IHY:

5.57

HYEM:

8.87

Ulcer Index

IHY:

1.60%

HYEM:

0.98%

Daily Std Dev

IHY:

6.32%

HYEM:

7.19%

Max Drawdown

IHY:

-27.63%

HYEM:

-30.96%

Current Drawdown

IHY:

-1.27%

HYEM:

-1.16%

Returns By Period

In the year-to-date period, IHY achieves a 5.11% return, which is significantly higher than HYEM's 1.60% return. Over the past 10 years, IHY has underperformed HYEM with an annualized return of 3.34%, while HYEM has yielded a comparatively higher 3.86% annualized return.


IHY

YTD

5.11%

1M

2.60%

6M

3.02%

1Y

8.98%

5Y*

4.50%

10Y*

3.34%

HYEM

YTD

1.60%

1M

1.84%

6M

1.40%

1Y

8.46%

5Y*

4.91%

10Y*

3.86%

*Annualized

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IHY vs. HYEM - Expense Ratio Comparison

Both IHY and HYEM have an expense ratio of 0.40%.


Risk-Adjusted Performance

IHY vs. HYEM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IHY
The Risk-Adjusted Performance Rank of IHY is 8888
Overall Rank
The Sharpe Ratio Rank of IHY is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of IHY is 9090
Sortino Ratio Rank
The Omega Ratio Rank of IHY is 8989
Omega Ratio Rank
The Calmar Ratio Rank of IHY is 8383
Calmar Ratio Rank
The Martin Ratio Rank of IHY is 8787
Martin Ratio Rank

HYEM
The Risk-Adjusted Performance Rank of HYEM is 8989
Overall Rank
The Sharpe Ratio Rank of HYEM is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of HYEM is 8787
Sortino Ratio Rank
The Omega Ratio Rank of HYEM is 8888
Omega Ratio Rank
The Calmar Ratio Rank of HYEM is 9191
Calmar Ratio Rank
The Martin Ratio Rank of HYEM is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IHY vs. HYEM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors International High Yield Bond ETF (IHY) 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.


The current IHY Sharpe Ratio is 1.43, which is comparable to the HYEM Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of IHY and HYEM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
1.43
1.18
IHY
HYEM

Dividends

IHY vs. HYEM - Dividend Comparison

IHY's dividend yield for the trailing twelve months is around 5.41%, less than HYEM's 6.67% yield.


TTM20242023202220212020201920182017201620152014
IHY
VanEck Vectors International High Yield Bond ETF
5.41%5.60%5.26%4.97%4.55%4.65%4.86%4.70%4.37%5.11%5.79%5.74%
HYEM
VanEck Vectors Emerging Markets High Yield Bond ETF
6.67%6.34%6.27%6.47%5.33%5.56%6.14%5.71%5.86%6.25%7.64%6.77%

Drawdowns

IHY vs. HYEM - Drawdown Comparison

The maximum IHY drawdown since its inception was -27.63%, smaller than the maximum HYEM drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for IHY and HYEM. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay
-1.27%
-1.16%
IHY
HYEM

Volatility

IHY vs. HYEM - Volatility Comparison

The current volatility for VanEck Vectors International High Yield Bond ETF (IHY) is 1.68%, while VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) has a volatility of 3.57%. This indicates that IHY experiences smaller price fluctuations and is considered to be less risky than HYEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%December2025FebruaryMarchAprilMay
1.68%
3.57%
IHY
HYEM