GHY vs HYEM

Comparison between PGIM Global High Yield Fund Inc (GHY, ETF) and VANECK EMERGING MARKETS HIGH YIELD BOND ETF (HYEM, ETF).

5-Year PerformanceGHY has outperformed HYEM, delivering a return of +4.5% compared to +3.2%

GHY vs HYEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GHY(ETF)	HYEM(ETF)
Net Assets	$522M	$522M
Expense Ratio	N/A	0.40%
Max Drawdown	55.57%	40.87%
Sharpe Ratio	-0.57	0.72
5Y Beta	0.44	0.23
5Y Dividends CAGR	0.00%	0.22%

Net Assets

Winner

GHY

$522M

HYEM

$522M

Expense Ratio

GHY

N/A

HYEM

0.40%

Max Drawdown

GHY

55.57%

Winner

HYEM

40.87%

Sharpe Ratio

GHY

-0.57

Winner

HYEM

0.72

5Y Beta

GHY

0.44

Winner

HYEM

0.23

5Y Dividends CAGR

GHY

0.00%

Winner

HYEM

0.22%

GHY vs HYEM - Historical Returns

Returns include dividend reinvestment.

Period	GHY	HYEM
1 month	+0.55%	+1.20%
3 months	-0.31%	+1.92%
6 months	-3.98%	+2.65%
1 year	-3.23%	+7.27%
5 years(CAGR)	+4.46%	+3.25%
10 years(CAGR)	+6.70%	+4.26%
Max(CAGR)	+5.43%	+4.75%

GHY

+0.55%

Winner

HYEM

+1.20%

GHY

-0.31%

Winner

HYEM

+1.92%

GHY

-3.98%

Winner

HYEM

+2.65%

GHY

-3.23%

Winner

HYEM

+7.27%

5Y(CAGR)

Winner

GHY

+4.46%

HYEM

+3.25%

10Y(CAGR)

Winner

GHY

+6.70%

HYEM

+4.26%

Max(CAGR)

Winner

GHY

+5.43%

HYEM

+4.75%

GHY vs HYEM - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	GHY	HYEM
2026	+0.18%	+5.11%
2025	+8.75%	+9.01%
2024	+18.99%	+12.45%
2023	+16.12%	+7.86%
2022	-19.80%	-12.90%
2021	+13.81%	-0.98%
2020	+6.26%	+6.12%
2019	+25.23%	+13.10%
2018	-4.14%	-3.50%
2017	+4.57%	+8.03%
2016	+14.99%	+15.76%
2015	-2.05%	+3.55%
2014	+1.79%	-2.46%
2013	-5.63%	-1.69%
2012	+0.20%	+12.10%

GHY vs HYEM Drawdown Comparison

The maximum drawdown for GHY was -41.30%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.

The maximum drawdown for HYEM was -30.96%, occurring on Mar 19, 2020. Recovery took 192 trading sessions.

The current GHY drawdown is -4.95%.

Rank	GHY	HYEM
#1	-41.30% Feb 19, 2020 - Dec 2, 2020	-30.96% Feb 12, 2020 - Nov 13, 2020
#2	-29.44% Sep 13, 2021 - Jun 12, 2024	-26.31% Jun 24, 2021 - Sep 17, 2024
#3	-16.36% Mar 25, 2025 - Jun 12, 2025	-14.00% Jul 11, 2014 - May 13, 2016
#4	-14.81% Jun 17, 2014 - Jun 6, 2016	-9.87% May 9, 2013 - Apr 1, 2014
#5	-13.72% Jan 16, 2013 - Jun 13, 2014	-7.30% Feb 1, 2018 - Feb 5, 2019
#6	-11.93% Feb 13, 2026 - Mar 30, 2026	-5.22% Feb 28, 2025 - May 16, 2025
#7	-7.87% Jul 9, 2025 - Feb 12, 2026	-4.81% Sep 30, 2016 - Jan 5, 2017
#8	-7.75% Oct 11, 2017 - Jan 30, 2019	-4.52% Aug 1, 2019 - Nov 25, 2019
#9	-6.76% Aug 31, 2016 - Jan 11, 2017	-3.51% May 14, 2012 - Jun 25, 2012
#10	-4.13% Jun 30, 2021 - Aug 5, 2021	-2.73% Feb 25, 2026 - Apr 16, 2026
#11	-4.05% Nov 8, 2024 - Nov 22, 2024	-2.50% Jun 25, 2012 - Jul 13, 2012
#12	-3.80% Dec 6, 2024 - Jan 6, 2025	-2.02% Feb 19, 2021 - May 6, 2021
#13	-3.64% Jul 18, 2019 - Sep 12, 2019	-1.78% Sep 11, 2012 - Oct 16, 2012
#14	-3.46% Jan 27, 2025 - Feb 5, 2025	-1.77% Jan 23, 2013 - Apr 4, 2013
#15	-3.19% Jun 20, 2016 - Jul 14, 2016	-1.60% Jan 17, 2020 - Feb 12, 2020

Correlation

Correlation between GHY and HYEM is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2012 - 2026)

GHY vs HYEM dividend yield comparison.

Year	GHY	HYEM
2026	6.31%	3.97%
2025	10.21%	6.67%
2024	10.23%	6.34%
2023	11.09%	6.27%
2022	11.62%	6.47%
2021	8.35%	5.33%
2020	8.67%	5.56%
2019	8.04%	6.14%
2018	7.72%	5.71%
2017	7.77%	5.86%
2016	8.53%	6.25%
2015	10.07%	7.64%
2014	11.02%	6.77%
2013	8.65%	6.14%
2012	0.00%	3.91%