HYEM vs GHY

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

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

HYEM vs GHY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

HYEM

$522M

Winner

GHY

$522M

Expense Ratio

HYEM

0.40%

GHY

N/A

Max Drawdown

Winner

HYEM

40.87%

GHY

55.57%

Sharpe Ratio

Winner

HYEM

0.72

GHY

-0.57

5Y Beta

Winner

HYEM

0.23

GHY

0.44

5Y Dividends CAGR

Winner

HYEM

0.22%

GHY

0.00%

HYEM vs GHY - Historical Returns

Returns include dividend reinvestment.

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

Winner

HYEM

+1.20%

GHY

+0.55%

Winner

HYEM

+1.92%

GHY

-0.31%

Winner

HYEM

+2.65%

GHY

-3.98%

Winner

HYEM

+7.27%

GHY

-3.23%

5Y(CAGR)

HYEM

+3.25%

Winner

GHY

+4.46%

10Y(CAGR)

HYEM

+4.26%

Winner

GHY

+6.70%

Max(CAGR)

HYEM

+4.75%

Winner

GHY

+5.43%

HYEM vs GHY - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

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

HYEM vs GHY Drawdown Comparison

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

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

The current GHY drawdown is -4.95%.

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

Correlation

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

0.95

-101

Dividend Comparison (2012 - 2026)

HYEM vs GHY dividend yield comparison.

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