HYEMvsPGHYETF Comparison
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VanEck Emerging Markets High Yield Bond ETF (HYEM) belongs to the EM Corporate Bonds segment. Invesco Global ex-US High Yield Corporate Bond ETF (PGHY) is part of the Intl HY Bonds segment. Both ETFs have the same top 3 sector exposures: Finance, Energy and Non-Energy Materials. HYEM is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.35% for PGHY. HYEM is up 4.13% year-to-date (YTD) with +$82M in YTD flows. PGHY performs worse with -1% YTD performance, and +$42M in YTD flows. Run a side-by-side ETF comparison of HYEM and PGHY 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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HYEM vs PGHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HYEM PGHY | +0.57%-0.03% | +1.21%-0.49% | +4.13%-1.00% | +6.42%+0.79% | +33.94%+21.97% | +16.25%+20.77% |
| Flows | HYEM PGHY | -$2M+$2M | +$12M+$12M | +$82M+$42M | +$106M+$48M | +$99M+$48M | -$521M+$15M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYEM PGHY | +1.42%+2.14% | +2.24%+2.56% | +2.49%+2.71% | +3.82%+2.64% |
| Max drawdown | HYEM PGHY | -0.33%-1.15% | -2.71%-3.08% | -3.72%-3.42% | -25.10%-8.76% |
| Max drawdown duration | HYEM PGHY | 48d77d | 51d191d | 77d73d | 1095d800d |
Trading data
HYEM | PGHY | |
Last sale 9/2/2026 at 1:30 PM | $19.93 | $19.60 |
| Previous close 09/01/2026 | $19.87 | $19.56 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 2, 2026
1-year trailing difference
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HYEM | PGHY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
HYEM | PGHY | |
|---|---|---|
| Last price | $19.93 | $19.60 |
| 1D performance | +0.30% | +0.20% |
| AuM | $517.29 M | $226.80 M |
| E/R | 0.4% | 0.35% |
Characteristics
HYEM | PGHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Invesco |
| Benchmark | ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index | ICE USD Global High Yield Excluding US Issuers Constrained Index |
| N° of holdings | 554 | 591 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2012 | June 20, 2013 |
| ESG | No | No |
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Exposure
Countries
HYEM
Argentina
10.6%
Turkey
9.01%
Brazil
8.57%
Mexico
7.15%
Other
64.67%
PGHY
Brazil
10.55%
Canada
10.16%
United Kingdom
9.55%
Other
69.75%
Sectors
HYEM
Finance
20.23%
Energy
19.13%
Non-Energy Materi.
14.57%
Utilities
12.15%
Industrials
10.4%
Other
23.52%
PGHY
Finance
19%
Energy
14.5%
Non-Energy Materi.
13.87%
Telecommunication.
13.33%
Industrials
8.85%
Utilities
8.07%
Other
22.38%
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Diversification
HYEM
Total weight of top 15 holdings out of 15
9.25%
PGHY
Total weight of top 15 holdings out of 15
8.87%
Top 15 holdings
Data as of July 31, 2026
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%
PGHY
ICBC, 3.2% perp., USD
1.36%
Samarco Mineracao, 4% 30jun2031, USD
1.01%
1011778 B.C., 4% 15oct2030, USD
0.59%
Nissan Motor, 4.81% 17sep2030, USD
0.58%
Genmab, 7.25% 15dec2033, USD
0.57%
Nissan Motor, 4.345% 17sep2027, USD
0.56%
Rakuten Group, 9.75% 15apr2029, USD
0.51%
Digicel International Finance, 8.625% 1aug2032, USD
0.51%
Connect Finco SARL, 9% 15sep2029, USD
0.50%
Vodafone Group, 7% 4apr2079, USD
0.48%
Gol Linhas Aereas, 14.375% 6jun2030, USD
0.48%
Ardagh Group, 9.5% 1dec2030, USD
0.46%
Rakuten Group, 11.25% 15feb2027, USD
0.43%
Altice France (SFR Group), 6.5% 15apr2032, USD
0.42%
Grupo Nutresa, 9% 12may2035, USD
0.42%
Frequently asked questions about HYEM and PGHY
How have the HYEM and PGHY ETFs performed in 2026?
As of September 1, 2026, HYEM is up 4.13% year-to-date (YTD), while PGHY has lost -1%. That puts HYEM better performer ahead so far this year.
Which ETF is attracting more investor money: HYEM or PGHY?
Year-to-date, the HYEM ETF saw +$82M in flows, compared to +$42M for PGHY.
Which ETF is more volatile: HYEM or PGHY?
Over the past year, HYEM had a volatility of 2.24%, while PGHY experienced 2.56%.
Which ETF is bigger: HYEM or PGHY?
As of September 1, 2026, HYEM holds $517.29 M in assets under management (AUM), while PGHY manages $226.80 M.
What sectors do the HYEM and PGHY ETFs invest in?
HYEM leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, PGHY focuses on Finance, Energy and Non-Energy Materials.
What are the top holdings of the HYEM ETF and PGHY ETF?
HYEM top holdings include Buenos Aires (province), 6.625% 1sep2037, USD (A), Samarco Mineracao, 4% 30jun2031, USD and Digicel International Finance, 8.625% 1aug2032, USD. PGHY holds in its top three: ICBC, 3.2% perp., USD, Samarco Mineracao, 4% 30jun2031, USD and 1011778 B.C., 4% 15oct2030, USD.
Which ETF is more diversified: HYEM or PGHY?
HYEM holds 555 securities with 9.25% of its assets in the top 15. PGHY has 592 securities and a top 15 weight of 8.87%.
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