EMHYvsHYEMETF Comparison
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iShares J.P. Morgan EM High Yield Bond ETF (EMHY) belongs to the EM Aggregate Bonds segment. VanEck Emerging Markets High Yield Bond ETF (HYEM) is part of the EM Corporate Bonds segment. EMHY's top 3 sector exposures are Sovereign, Finance and Energy. In contrast, HYEM's top sector exposures are Finance, Energy and Non-Energy Materials. EMHY is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.4% for HYEM. EMHY is up 3.72% year-to-date (YTD) with +$91M in YTD flows. HYEM performs better with 4.21% YTD performance, and +$82M in YTD flows. Run a side-by-side ETF comparison of EMHY and HYEM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EMHY vs HYEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EMHY HYEM | +0.46%+0.65% | +0.83%+1.22% | +3.72%+4.21% | +8.62%+6.41% | +42.23%+33.87% | +23.60%+16.49% |
| Flows | EMHY HYEM | +$4M-$2M | +$42M+$12M | +$91M+$82M | +$125M+$106M | +$245M+$99M | +$210M-$537M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EMHY HYEM | +2.75%+1.42% | +4.10%+2.24% | +4.53%+2.49% | +5.87%+3.82% |
| Max drawdown | EMHY HYEM | -0.99%-0.33% | -3.73%-2.71% | -4.91%-3.72% | -25.59%-25.10% |
| Max drawdown duration | EMHY HYEM | 37d48d | 50d51d | 73d77d | 1051d1095d |
Trading data
EMHY | HYEM | |
Last sale 9/4/2026 at 1:30 PM | $40.08 | $19.97 |
| Previous close 09/03/2026 | $40.03 | $19.96 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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EMHY | HYEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
EMHY | HYEM | |
|---|---|---|
| Last price | $40.08 | $19.97 |
| 1D performance | +0.12% | +0.05% |
| AuM | $625.39 M | $517.70 M |
| E/R | 0.5% | 0.4% |
Characteristics
EMHY | HYEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | VanEck |
| Benchmark | J.P. Morgan USD Emerging Markets High Yield Bond Index | ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index |
| N° of holdings | 681 | 554 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 3, 2012 | May 8, 2012 |
| ESG | No | No |
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Exposure
Countries
EMHY
Other
100%
HYEM
Argentina
10.6%
Turkey
9.01%
Brazil
8.57%
Mexico
7.15%
Other
64.67%
Sectors
EMHY
Sovereign
49.58%
Finance
15.93%
Energy
7.23%
Other
27.26%
HYEM
Finance
20.23%
Energy
19.13%
Non-Energy Materi.
14.57%
Utilities
12.15%
Industrials
10.4%
Other
23.52%
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Diversification
EMHY
Total weight of top 15 holdings out of 15
11.7%
HYEM
Total weight of top 15 holdings out of 15
9.25%
Top 15 holdings
Data as of July 31, 2026
EMHY
BlackRock Cash Funds - Treasury
1.85%
ICBC, 3.2% perp., USD
1.34%
Ecuador, 6.9% 31jul2035, USD
1.24%
Argentina, 4.125% 9jul2035, USD
1.08%
Ghana, 5% 3jul2035, USD
0.88%
Argentina, 5% 9jan2038, USD
0.63%
Ecuador, 8.75% 29jan2034, USD
0.58%
Argentina, 0.75% 9jul2030, USD
0.57%
Ecuador, 5% 31jul2040, USD
0.54%
Ecuador, 9.25% 29jan2039, USD
0.52%
Jamaica, 7.875% 28jul2045, USD
0.51%
Ukraine, 4% 1feb2032, USD
0.50%
Argentina, 3.5% 9jul2041, USD
0.49%
Pemex, 7.69% 23jan2050, USD
0.49%
Ghana, 5% 3jul2029, USD
0.48%
HYEM
Buenos Aires (province), 6.625% 1sep2037, USD (A)
1.65%
Samarco Mineracao, 4% 30jun2031, USD
0.73%
Digicel International Finance, 8.625% 1aug2032, USD
0.69%
Grupo Nutresa, 9% 12may2035, USD
0.57%
Ecopetrol, 8.875% 13jan2033, USD
0.56%
Grupo Nutresa, 8% 12may2030, USD
0.55%
YPF, 8.25% 17jan2034, USD
0.55%
Dar Al Arkan, 8% 25feb2029, USD
0.52%
Pemex, 7.69% 23jan2050, USD
0.51%
First Quantum Minerals, 6.375% 15feb2036, USD
0.50%
Teva Pharmaceutical Industries, 4.1% 1oct2046, USD
0.50%
First Quantum Minerals, 8.625% 1jun2031, USD
0.49%
Petroleos del Peru, 5.625% 19jun2047, USD
0.48%
Latam Airlines, 7.875% 15apr2030, USD
0.48%
Pemex, 6.7% 16feb2032, USD (C)
0.46%
Frequently asked questions about EMHY and HYEM
How have the EMHY and HYEM ETFs performed in 2026?
As of September 3, 2026, EMHY is up 3.72% year-to-date (YTD), while HYEM has returned 4.21%. That puts HYEM better performer ahead so far this year.
Which ETF is attracting more investor money: EMHY or HYEM?
Year-to-date, the EMHY ETF saw +$91M in flows, compared to +$82M for HYEM.
Which ETF is more volatile: EMHY or HYEM?
Over the past year, EMHY had a volatility of 4.1%, while HYEM experienced 2.24%.
Which ETF is bigger: EMHY or HYEM?
As of September 3, 2026, EMHY holds $625.39 M in assets under management (AUM), while HYEM manages $517.70 M.
What sectors do the EMHY and HYEM ETFs invest in?
EMHY leans toward sectors like Sovereign, Finance and Energy. Meanwhile, HYEM focuses on Finance, Energy and Non-Energy Materials.
What are the top holdings of the EMHY ETF and HYEM ETF?
EMHY top holdings include BlackRock Cash Funds - Treasury, ICBC, 3.2% perp., USD and Ecuador, 6.9% 31jul2035, USD. HYEM holds in its top three: Buenos Aires (province), 6.625% 1sep2037, USD (A), Samarco Mineracao, 4% 30jun2031, USD and Digicel International Finance, 8.625% 1aug2032, USD.
Which ETF is more diversified: EMHY or HYEM?
EMHY holds 685 securities with 11.7% of its assets in the top 15. HYEM has 555 securities and a top 15 weight of 9.25%.
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