LDEM vs. HYXF
LDEM (iShares ESG MSCI EM Leaders ETF) and HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) are both exchange-traded funds - LDEM is a Emerging Markets Equities fund tracking the MSCI EM Extended ESG Leaders 5% Issuer Capped Index, while HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Both are passively managed. Over the past 5 years, LDEM returned 2.60%/yr vs 3.71%/yr for HYXF. At a 0.49 correlation, their price movements are largely independent. LDEM charges 0.16%/yr vs 0.35%/yr for HYXF.
Performance
LDEM vs. HYXF - Performance Comparison
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Returns By Period
In the year-to-date period, LDEM achieves a 8.26% return, which is significantly higher than HYXF's 1.34% return.
LDEM
- 1D
- 2.52%
- 1M
- 3.00%
- YTD
- 8.26%
- 6M
- 9.66%
- 1Y
- 24.07%
- 3Y*
- 13.85%
- 5Y*
- 2.60%
- 10Y*
- —
HYXF
- 1D
- 0.29%
- 1M
- 1.24%
- YTD
- 1.34%
- 6M
- 1.95%
- 1Y
- 6.13%
- 3Y*
- 8.59%
- 5Y*
- 3.71%
- 10Y*
- 5.12%
LDEM vs. HYXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LDEM iShares ESG MSCI EM Leaders ETF | 8.26% | 32.49% | 5.87% | 6.49% | -22.46% | -2.03% | 16.30% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.34% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 4.89% |
Correlation
The correlation between LDEM and HYXF is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.49 |
The correlation between LDEM and HYXF shifts across timeframes, from 0.47 (3 years) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LDEM vs. HYXF — Risk / Return Rank
LDEM
HYXF
LDEM vs. HYXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI EM Leaders ETF (LDEM) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF). 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.
| LDEM | HYXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.40 | -0.57 |
| Martin ratioReturn relative to average drawdown | 5.76 | 10.72 | -4.95 |
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Drawdowns
LDEM vs. HYXF - Drawdown Comparison
The maximum LDEM drawdown since its inception was -40.82%, which is greater than HYXF's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for LDEM and HYXF.
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Drawdown Indicators
| LDEM | HYXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.82% | -18.75% | -22.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.21% | -2.57% | -10.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -4.81% | -10.31% |
Max Drawdown (5Y)Largest decline over 5 years | -39.17% | -16.00% | -23.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.75% | — |
Current DrawdownCurrent decline from peak | -2.72% | 0.00% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -17.30% | -2.57% | -14.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 0.57% | +3.62% |
Volatility
LDEM vs. HYXF - Volatility Comparison
iShares ESG MSCI EM Leaders ETF (LDEM) has a higher volatility of 8.65% compared to iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) at 1.29%. This indicates that LDEM's price experiences larger fluctuations and is considered to be riskier than HYXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDEM | HYXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 1.29% | +7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.64% | 3.01% | +12.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 3.83% | +15.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 8.05% | +11.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.87% | 8.31% | +12.56% |
LDEM vs. HYXF - Expense Ratio Comparison
LDEM has a 0.16% expense ratio, which is lower than HYXF's 0.35% expense ratio.
Dividends
LDEM vs. HYXF - Dividend Comparison
LDEM's dividend yield for the trailing twelve months is around 3.83%, less than HYXF's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.07% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
LDEM iShares ESG MSCI EM Leaders ETF | 3.83% | 3.26% | 2.64% | 3.20% | 4.93% | 1.82% | 1.89% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDEM and HYXF have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LDEM has higher volatility (8.65%) compared to HYXF (1.29%). In terms of maximum drawdown, LDEM dropped -40.82% vs HYXF's -18.75%.
On 5-year performance, HYXF leads with 3.71% vs 2.60% for LDEM. On fees, LDEM is cheaper at 0.16% per year. On volatility, HYXF has been the lower-risk option at 1.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYXF has performed better with a 3.71% return vs 2.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDEM is cheaper with a 0.16% expense ratio, compared with 0.35% for HYXF.
HYXF has the higher dividend yield at 6.07%, compared with 3.83% for LDEM.
LDEM is categorized as Emerging Markets Equities, while HYXF is High Yield Bonds. LDEM tracks MSCI EM Extended ESG Leaders 5% Issuer Capped Index, while HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Their fees differ too: 0.16% for LDEM and 0.35% for HYXF.
HYXF currently has the higher Sharpe Ratio (1.61 vs 1.28), 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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