VEMY vs. EMHY
VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) and EMHY (iShares J.P. Morgan EM High Yield Bond ETF) are both Emerging Markets Bonds funds. VEMY is actively managed, while EMHY is passively managed. Over the past 3 years, VEMY returned 15.52%/yr vs 12.97%/yr for EMHY. Their correlation of 0.89 suggests significant overlap in exposure. VEMY charges 0.58%/yr vs 0.50%/yr for EMHY.
Performance
VEMY vs. EMHY - Performance Comparison
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Returns By Period
In the year-to-date period, VEMY achieves a 5.93% return, which is significantly higher than EMHY's 3.08% return.
VEMY
- 1D
- 0.03%
- 1M
- 1.22%
- YTD
- 5.93%
- 6M
- 6.67%
- 1Y
- 18.43%
- 3Y*
- 15.52%
- 5Y*
- —
- 10Y*
- —
EMHY
- 1D
- 0.27%
- 1M
- 1.10%
- YTD
- 3.08%
- 6M
- 3.87%
- 1Y
- 13.12%
- 3Y*
- 12.97%
- 5Y*
- 4.31%
- 10Y*
- 4.71%
VEMY vs. EMHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 5.93% | 15.27% | 13.48% | 14.45% | -1.08% |
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 3.08% | 13.70% | 11.97% | 11.47% | -1.25% |
Correlation
The correlation between VEMY and EMHY is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022 | 0.89 |
The correlation between VEMY and EMHY has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
VEMY vs. EMHY — Risk / Return Rank
VEMY
EMHY
VEMY vs. EMHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) and iShares J.P. Morgan EM High Yield Bond ETF (EMHY). 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.
| VEMY | EMHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.47 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 3.04 | +1.59 |
| Martin ratioReturn relative to average drawdown | 21.97 | 13.80 | +8.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEMY | EMHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 2.33 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.83 | 0.50 | +1.32 |
Drawdowns
VEMY vs. EMHY - Drawdown Comparison
The maximum VEMY drawdown since its inception was -8.77%, smaller than the maximum EMHY drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for VEMY and EMHY.
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Drawdown Indicators
| VEMY | EMHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.77% | -30.11% | +21.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -4.34% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -6.57% | -5.95% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.11% | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.10% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -4.89% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.95% | -0.11% |
Volatility
VEMY vs. EMHY - Volatility Comparison
Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) and iShares J.P. Morgan EM High Yield Bond ETF (EMHY) have volatilities of 1.54% and 1.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEMY | EMHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.60% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 4.30% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 5.65% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.63% | 9.10% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 10.66% | -3.03% |
VEMY vs. EMHY - Expense Ratio Comparison
VEMY has a 0.58% expense ratio, which is higher than EMHY's 0.50% expense ratio.
Dividends
VEMY vs. EMHY - Dividend Comparison
VEMY's dividend yield for the trailing twelve months is around 8.37%, more than EMHY's 6.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHY iShares J.P. Morgan EM High Yield Bond ETF | 6.39% | 6.52% | 6.86% | 6.73% | 7.08% | 5.58% | 5.44% | 5.72% | 6.79% | 5.59% | 6.43% | 6.99% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.37% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEMY and EMHY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMHY has higher volatility (1.60%) compared to VEMY (1.54%). In terms of maximum drawdown, VEMY dropped -8.77% vs EMHY's -30.11%.
On 3-year performance, VEMY leads with 15.52% vs 12.97% for EMHY. On fees, EMHY is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VEMY has performed better with a 15.52% return vs 12.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMHY is cheaper with a 0.50% expense ratio, compared with 0.58% for VEMY.
VEMY has the higher dividend yield at 8.37%, compared with 6.39% for EMHY.
They also come from different issuers: Virtus and iShares. Their fees differ too: 0.58% for VEMY and 0.50% for EMHY.
VEMY currently has the higher Sharpe Ratio (3.06 vs 2.33), 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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