JPMB vs. HYEM
JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) and HYEM (VanEck Vectors Emerging Markets High Yield Bond ETF) are both exchange-traded funds - JPMB is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Risk-Aware Bond Index, while HYEM is a High Yield Bonds fund tracking the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. Over the past 5 years, JPMB returned 1.42%/yr vs 2.95%/yr for HYEM. A 0.56 correlation means they provide meaningful diversification when combined. JPMB charges 0.39%/yr vs 0.40%/yr for HYEM.
Performance
JPMB vs. HYEM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPMB achieves a 1.95% return, which is significantly lower than HYEM's 4.28% return.
JPMB
- 1D
- -0.11%
- 1M
- 1.76%
- YTD
- 1.95%
- 6M
- 1.93%
- 1Y
- 10.60%
- 3Y*
- 7.78%
- 5Y*
- 1.42%
- 10Y*
- —
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%
JPMB vs. HYEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 1.95% | 13.73% | 1.46% | 9.48% | -16.05% | -2.26% | 5.36% | 17.71% | -4.74% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 4.28% | 9.24% | 12.14% | 8.35% | -13.39% | -1.31% | 6.87% | 12.85% | -3.77% |
Correlation
The correlation between JPMB and HYEM is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2018 | 0.56 |
The correlation between JPMB and HYEM shifts across timeframes, from 0.54 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPMB vs. HYEM — Risk / Return Rank
JPMB
HYEM
JPMB vs. HYEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) 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.
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.
| JPMB | HYEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.50 | -1.19 |
| Martin ratioReturn relative to average drawdown | 9.81 | 14.23 | -4.42 |
Loading charts...
Drawdowns
JPMB vs. HYEM - Drawdown Comparison
The maximum JPMB drawdown since its inception was -26.33%, smaller than the maximum HYEM drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for JPMB and HYEM.
Loading charts...
Drawdown Indicators
| JPMB | HYEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.33% | -30.96% | +4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -2.73% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -5.23% | -2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -26.16% | -26.29% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.96% | — |
Current DrawdownCurrent decline from peak | -0.53% | -0.20% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -4.38% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.67% | +0.41% |
Volatility
JPMB vs. HYEM - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) has a higher volatility of 1.79% compared to VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) at 1.14%. This indicates that JPMB'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.
Loading charts...
Volatility by Period
| JPMB | HYEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.14% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 3.25% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 4.40% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 7.51% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.63% | 9.27% | +0.36% |
JPMB vs. HYEM - Expense Ratio Comparison
JPMB has a 0.39% expense ratio, which is lower than HYEM's 0.40% expense ratio.
Dividends
JPMB vs. HYEM - Dividend Comparison
JPMB's dividend yield for the trailing twelve months is around 5.78%, less than HYEM's 6.50% 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% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 5.78% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPMB and HYEM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPMB has higher volatility (1.79%) compared to HYEM (1.14%). In terms of maximum drawdown, JPMB dropped -26.33% vs HYEM's -30.96%.
On 5-year performance, HYEM leads with 2.95% vs 1.42% for JPMB. On fees, JPMB is cheaper at 0.39% per year. On volatility, HYEM has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYEM has performed better with a 2.95% return vs 1.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPMB is cheaper with a 0.39% expense ratio, compared with 0.40% for HYEM.
HYEM has the higher dividend yield at 6.50%, compared with 5.78% for JPMB.
JPMB is categorized as Emerging Markets Bonds, while HYEM is High Yield Bonds. JPMB tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while HYEM tracks BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.39% for JPMB and 0.40% for HYEM.
HYEM currently has the higher Sharpe Ratio (2.17 vs 1.96), 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.
Find the right allocation for JPMB and HYEM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer