PR vs. HYEM

Last updated Jun 4, 2026

PR (Permian Resources Corporation) is a stock, while HYEM (VanEck Vectors Emerging Markets High Yield Bond ETF) is High Yield Bonds fund tracking the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index. Over the past 3 years, PR returned 32.35%/yr vs 11.00%/yr for HYEM. At a 0.16 correlation, their price movements are largely independent.

Performance

PR vs. HYEM - Performance Comparison

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

Returns By Period

In the year-to-date period, PR achieves a 45.04% return, which is significantly higher than HYEM's 3.92% return.

PR

• 1D: 2.33%
• 1M: -10.39%
• YTD: 45.04%
• 6M: 39.55%
• 1Y: 58.02%
• 3Y*: 32.35%
• 5Y*: —
• 10Y*: —

HYEM

• 1D: -0.10%
• 1M: 1.26%
• YTD: 3.92%
• 6M: 4.87%
• 1Y: 10.30%
• 3Y*: 11.00%
• 5Y*: 3.04%
• 10Y*: 4.65%

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

PR vs. HYEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PR Permian Resources Corporation	45.04%	1.89%	11.66%	49.42%	23.93%
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF	3.92%	9.24%	12.14%	8.35%	5.41%

Correlation

The correlation between PR and HYEM is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Sep 2, 2022	0.16

The correlation between PR and HYEM shifts across timeframes, from -0.08 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PR vs. HYEM — Risk / Return Rank

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

PR

PR Risk / Return Rank: 81
PR Sharpe Ratio Rank: 85
PR Sortino Ratio Rank: 79
PR Omega Ratio Rank: 76
PR Calmar Ratio Rank: 84
PR Martin Ratio Rank: 83

HYEM

HYEM Risk / Return Rank: 76
HYEM Sharpe Ratio Rank: 72
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.

PR vs. HYEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Permian Resources Corporation (PR) 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.

	PR	HYEM	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.39	-0.63
Sortino ratio: Return per unit of downside risk	2.31	3.50	-1.19
Omega ratio: Gain probability vs. loss probability	1.28	1.47	-0.20
Calmar ratio: Return relative to maximum drawdown	3.38	3.79	-0.42
Martin ratio: Return relative to average drawdown	7.81	15.48	-7.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PR vs. HYEM - Sharpe Ratio Comparison

The current PR Sharpe Ratio is 1.76, which is comparable to the HYEM Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of PR and HYEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PR	HYEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	2.39	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.54	+0.29

Drawdowns

PR vs. HYEM - Drawdown Comparison

The maximum PR drawdown since its inception was -39.39%, which is greater than HYEM's maximum drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for PR and HYEM.

Drawdown Indicators

	PR	HYEM	Difference
Max Drawdown Largest peak-to-trough decline	-39.39%	-30.96%	-8.43%
Max Drawdown (1Y) Largest decline over 1 year	-17.26%	-2.73%	-14.53%
Max Drawdown (3Y) Largest decline over 3 years	-39.39%	-5.23%	-34.16%
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	-10.39%	-0.10%	-10.29%
Average Drawdown Average peak-to-trough decline	-12.50%	-4.40%	-8.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	0.67%	+6.79%

Volatility

PR vs. HYEM - Volatility Comparison

Permian Resources Corporation (PR) has a higher volatility of 10.83% compared to VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM) at 1.33%. This indicates that PR'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.

Volatility by Period

	PR	HYEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.83%	1.33%	+9.50%
Volatility (6M) Calculated over the trailing 6-month period	23.50%	3.24%	+20.26%
Volatility (1Y) Calculated over the trailing 1-year period	33.40%	4.33%	+29.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.21%	7.49%	+34.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.21%	9.27%	+32.94%

Dividends

PR vs. HYEM - Dividend Comparison

PR's dividend yield for the trailing twelve months is around 3.02%, less than HYEM's 6.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF	6.52%	6.67%	6.34%	6.27%	6.47%	5.33%	5.56%	6.14%	5.71%	5.86%	6.25%	7.64%
PR Permian Resources Corporation	3.02%	4.28%	5.91%	2.72%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PR and HYEM in my portfolio?

PR and HYEM have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PR or HYEM?

PR has higher volatility (10.83%) compared to HYEM (1.33%). In terms of maximum drawdown, PR dropped -39.39% vs HYEM's -30.96%.

Which has better risk-adjusted returns?

HYEM currently has the higher Sharpe Ratio (2.39 vs 1.76), 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.