MYHC vs. HYEM

Last updated Jun 5, 2026

MYHC (State Street My2029 High Yield Corporate Bond ETF) and HYEM (VanEck Vectors Emerging Markets High Yield Bond ETF) are both High Yield Bonds funds - MYHC tracks the ICE 2029 Maturity US High Yield Index while HYEM tracks the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. MYHC charges 0.39%/yr vs 0.40%/yr for HYEM.

Performance

MYHC vs. HYEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2029 High Yield Corporate Bond ETF (MYHC) and VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYHC

• 1D: 0.14%
• 1M: 0.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYEM

• 1D: -0.10%
• 1M: 0.91%
• YTD: 3.81%
• 6M: 4.19%
• 1Y: 10.08%
• 3Y*: 10.82%
• 5Y*: 3.02%
• 10Y*: 4.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MYHC vs. HYEM - Yearly Performance Comparison

	2026 (YTD)
MYHC State Street My2029 High Yield Corporate Bond ETF	1.93%
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF	1.49%

Correlation

The correlation between MYHC and HYEM is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 27, 2026	0.62

Return for Risk

MYHC vs. HYEM — Risk / Return Rank

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

HYEM

HYEM Risk / Return Rank: 77
HYEM Sharpe Ratio Rank: 73
HYEM Sortino Ratio Rank: 77
HYEM Omega Ratio Rank: 78
HYEM Calmar Ratio Rank: 75
HYEM Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MYHC vs. HYEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2029 High Yield Corporate Bond ETF (MYHC) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MYHC	HYEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	0.54	+1.04

Drawdowns

MYHC vs. HYEM - Drawdown Comparison

The maximum MYHC drawdown since its inception was -1.57%, smaller than the maximum HYEM drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for MYHC and HYEM.

Drawdown Indicators

	MYHC	HYEM	Difference
Max Drawdown Largest peak-to-trough decline	-1.57%	-30.96%	+29.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.96%	—
Current Drawdown Current decline from peak	-0.06%	-0.20%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.35%	-4.40%	+4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.67%	—

Volatility

Volatility by Period

	MYHC	HYEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.68%	4.33%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.68%	7.49%	-2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	9.27%	-4.59%

MYHC vs. HYEM - Expense Ratio Comparison

MYHC has a 0.39% expense ratio, which is lower than HYEM's 0.40% expense ratio.

Dividends

MYHC vs. HYEM - Dividend Comparison

MYHC's dividend yield for the trailing twelve months is around 1.86%, less than HYEM's 6.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF	6.53%	6.67%	6.34%	6.27%	6.47%	5.33%	5.56%	6.14%	5.71%	5.86%	6.25%	7.64%
MYHC State Street My2029 High Yield Corporate Bond ETF	1.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MYHC and HYEM in my portfolio?

MYHC and HYEM have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MYHC or HYEM?

On fees, MYHC is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYHC or HYEM?

MYHC is cheaper with a 0.39% expense ratio, compared with 0.40% for HYEM.

Which ETF pays a higher dividend yield, MYHC or HYEM?

HYEM has the higher dividend yield at 6.53%, compared with 1.86% for MYHC.

What is the main difference between MYHC and HYEM?

MYHC tracks ICE 2029 Maturity US High Yield Index, while HYEM tracks BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.39% for MYHC and 0.40% for HYEM.