TEMR vs. THYF
TEMR (T. Rowe Price Emerging Markets Equity Research ETF) and THYF (T. Rowe Price U.S. High Yield ETF) are both exchange-traded funds - TEMR is a Actively Managed fund actively managed by T. Rowe Price, while THYF is a High Yield Bonds fund actively managed by T. Rowe Price. Both are actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. TEMR charges 0.40%/yr vs 0.56%/yr for THYF.
Performance
TEMR vs. THYF - Performance Comparison
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Returns By Period
TEMR
- 1D
- -2.26%
- 1M
- -9.70%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
THYF
- 1D
- -0.16%
- 1M
- -0.51%
- 6M
- 1.00%
- YTD
- 1.55%
- 1Y
- 4.80%
- 3Y*
- 7.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $55.08K | $37.97K | $35.36K | |
| $505.67K | $618.14K | $1.02M |
TEMR vs. THYF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TEMR T. Rowe Price Emerging Markets Equity Research ETF | 4.99% |
THYF T. Rowe Price U.S. High Yield ETF | 1.70% |
Correlation
The correlation between TEMR and THYF is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.62 |
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Return for Risk
TEMR vs. THYF — Risk / Return Rank
TEMR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
THYF
TEMR vs. THYF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Equity Research ETF (TEMR) and T. Rowe Price U.S. High Yield ETF (THYF). 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.
| TEMR | THYF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.72 | — |
| Martin ratioReturn relative to average drawdown | — | 7.71 | — |
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Drawdowns
TEMR vs. THYF - Drawdown Comparison
The maximum TEMR drawdown since its inception was -14.32%, which is greater than THYF's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for TEMR and THYF.
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Drawdown Indicators
| TEMR | THYF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.32% | -5.24% | -9.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.80% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.07% | — |
Current DrawdownCurrent decline from peak | -14.32% | -0.83% | -13.49% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -0.79% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.62% | — |
Volatility
TEMR vs. THYF - Volatility Comparison
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Volatility by Period
| TEMR | THYF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.01% | 3.55% | +29.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.01% | 5.73% | +27.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.01% | 5.73% | +27.28% |
TEMR vs. THYF - Expense Ratio Comparison
TEMR has a 0.40% expense ratio, which is lower than THYF's 0.56% expense ratio.
Dividends
TEMR vs. THYF - Dividend Comparison
TEMR has not paid dividends to shareholders, while THYF's dividend yield for the trailing twelve months is around 6.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TEMR T. Rowe Price Emerging Markets Equity Research ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
THYF T. Rowe Price U.S. High Yield ETF | 6.96% | 7.17% | 7.30% | 8.02% | 1.50% |
Frequently Asked Questions
TEMR and THYF 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.
On fees, TEMR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TEMR is cheaper with a 0.40% expense ratio, compared with 0.56% for THYF.
THYF has the higher dividend yield at 6.96%, compared with 0.00% for TEMR.
TEMR is categorized as Actively Managed, while THYF is High Yield Bonds. Their fees differ too: 0.40% for TEMR and 0.56% for THYF.
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