PGHYvsHYEMETF Comparison
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Invesco Global ex-US High Yield Corporate Bond ETF (PGHY) belongs to the Intl HY Bonds segment. VanEck Emerging Markets High Yield Bond ETF (HYEM) is part of the EM Corporate Bonds segment. Both ETFs have the same top 3 sector exposures: Finance, Energy and Non-Energy Materials. PGHY is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.4% for HYEM. PGHY is down -3.19% year-to-date (YTD) with +$48M in YTD flows. HYEM performs better with 2.24% YTD performance, and +$88M in YTD flows. Run a side-by-side ETF comparison of PGHY 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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PGHY vs HYEM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PGHY HYEM | -1.77%-1.41% | -2.89%-1.22% | -3.19%+2.24% | -1.41%+4.35% | +21.07%+33.34% | +18.98%+17.64% |
| Flows | PGHY HYEM | +$4M- | +$12M+$4M | +$48M+$88M | +$48M+$88M | +$89M+$151M | +$21M-$511M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PGHY HYEM | +2.67%+2.21% | +2.67%+2.39% | +2.71%+2.51% | +2.68%+3.82% |
| Max drawdown | PGHY HYEM | -3.16%-2.65% | -4.14%-2.71% | -4.14%-3.72% | -8.50%-23.34% |
| Max drawdown duration | PGHY HYEM | 91d48d | 234d51d | 234d77d | 753d1003d |
Trading data
PGHY | HYEM | |
Last sale 10/15/2026 at 1:30 PM | $19.05 | $19.45 |
| Previous close 10/14/2026 | $19.00 | $19.40 |
| Consolidated volume 10/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 16, 2026
1-year trailing difference
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PGHY | 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 10/15/2026 at 1:30 PM
Live
Closed
PGHY | HYEM | |
|---|---|---|
| Last price | $19.05 | $19.45 |
| 1D performance | +0.26% | +0.26% |
| AuM | $226.21 M | $510.76 M |
| E/R | 0.35% | 0.4% |
Characteristics
PGHY | HYEM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | VanEck |
| Benchmark | ICE USD Global High Yield Excluding US Issuers Constrained Index | ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index |
| N° of holdings | 601 | 542 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 20, 2013 | May 8, 2012 |
| ESG | No | No |
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Exposure
Countries
PGHY
Brazil
10.18%
Canada
9.51%
United Kingdom
9.51%
Other
70.8%
HYEM
Argentina
10.35%
Turkey
9.26%
Brazil
8.43%
Mexico
7.31%
Other
64.65%
Sectors
PGHY
Finance
19.01%
Energy
14.79%
Non-Energy Materi.
13.51%
Telecommunication.
13.09%
Industrials
8.68%
Utilities
8.22%
Other
22.69%
HYEM
Finance
20.22%
Energy
19.08%
Non-Energy Materi.
13.93%
Utilities
12.42%
Industrials
10.28%
Other
24.07%
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Diversification
PGHY
Total weight of top 15 holdings out of 15
8.64%
HYEM
Total weight of top 15 holdings out of 15
9.1%
Top 15 holdings
Data as of August 31, 2026
PGHY
ICBC, 3.2% perp., USD
1.32%
Samarco Mineracao, 4% 30jun2031, USD
0.98%
1011778 B.C., 4% 15oct2030, USD
0.57%
Genmab, 7.25% 15dec2033, USD
0.57%
Nissan Motor, 4.81% 17sep2030, USD
0.56%
Nissan Motor, 4.345% 17sep2027, USD
0.55%
Rakuten Group, 9.75% 15apr2029, USD
0.51%
Digicel International Finance, 8.625% 1aug2032, USD
0.49%
Connect Finco SARL, 9% 15sep2029, USD
0.48%
Vodafone Group, 7% 4apr2079, USD
0.47%
Gol Linhas Aereas, 14.375% 6jun2030, USD
0.47%
Ardagh Group, 9.5% 1dec2030, USD
0.45%
Altice France (SFR Group), 6.5% 15apr2032, USD
0.41%
Grupo Nutresa, 9% 12may2035, USD
0.41%
Electricite de France (EDF), 9.125% perp., USD
0.40%
HYEM
Buenos Aires (province), 6.625% 1sep2037, USD (A)
1.48%
Samarco Mineracao, 4% 30jun2031, USD
0.78%
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
0.53%
Pemex, 6.7% 16feb2032, USD (C)
0.52%
Pemex, 7.69% 23jan2050, USD
0.52%
First Quantum Minerals, 6.375% 15feb2036, USD
0.50%
Teva Pharmaceutical Industries, 4.1% 1oct2046, USD
0.49%
Petroleos del Peru, 5.625% 19jun2047, USD
0.49%
First Quantum Minerals, 8.625% 1jun2031, USD
0.48%
Latam Airlines, 7.875% 15apr2030, USD
0.47%
Teva Pharmaceutical Industries, 6.75% 1mar2028, USD
0.47%
Frequently asked questions about PGHY and HYEM
How have the PGHY and HYEM ETFs performed in 2026?
As of October 14, 2026, PGHY is down -3.19% year-to-date (YTD), while HYEM has returned 2.24%. That puts HYEM better performer ahead so far this year.
Which ETF is attracting more investor money: PGHY or HYEM?
Year-to-date, the PGHY ETF saw +$48M in flows, compared to +$88M for HYEM.
Which ETF is more volatile: PGHY or HYEM?
Over the past year, PGHY had a volatility of 2.67%, while HYEM experienced 2.39%.
Which ETF is bigger: PGHY or HYEM?
As of October 14, 2026, PGHY holds $226.21 M in assets under management (AUM), while HYEM manages $510.76 M.
What sectors do the PGHY and HYEM ETFs invest in?
PGHY leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, HYEM focuses on Finance, Energy and Non-Energy Materials.
What are the top holdings of the PGHY ETF and HYEM ETF?
PGHY top holdings include ICBC, 3.2% perp., USD, Samarco Mineracao, 4% 30jun2031, USD and 1011778 B.C., 4% 15oct2030, 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: PGHY or HYEM?
PGHY holds 603 securities with 8.64% of its assets in the top 15. HYEM has 544 securities and a top 15 weight of 9.1%.
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