HYEM vs GVIP

Comparison between VANECK EMERGING MARKETS HIGH YIELD BOND ETF (HYEM, ETF) and GOLDMAN SACHS HEDGE INDUSTRY VIP ETF (GVIP, ETF).

5-Year PerformanceGVIP has outperformed HYEM, delivering a return of +12.0% compared to +3.0%

HYEM vs GVIP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HYEM(ETF)	GVIP(ETF)
Net Assets	$504M	$505M
Expense Ratio	0.40%	0.45%
Max Drawdown	40.87%	37.10%
Sharpe Ratio	1.37	1.35
5Y Beta	0.23	1.19
P/E Ratio	N/A	53.18
Forward P/E	N/A	22.21
5Y Dividends CAGR	0.87%	48.90%
5Y EPS CAGR	N/A	21.97%
P/S Ratio	N/A	3.80
P/B Ratio	N/A	6.28

Net Assets

HYEM

$504M

Winner

GVIP

$505M

Expense Ratio

Winner

HYEM

0.40%

GVIP

0.45%

Max Drawdown

HYEM

40.87%

Winner

GVIP

37.10%

Sharpe Ratio

Winner

HYEM

1.37

GVIP

1.35

5Y Beta

Winner

HYEM

0.23

GVIP

1.19

P/E Ratio

HYEM

N/A

GVIP

53.18

Forward P/E

HYEM

N/A

GVIP

22.21

5Y Dividends CAGR

HYEM

0.87%

Winner

GVIP

48.90%

5Y EPS CAGR

HYEM

N/A

GVIP

21.97%

P/S Ratio

HYEM

N/A

GVIP

3.80

P/B Ratio

HYEM

N/A

GVIP

6.28

HYEM vs GVIP - Historical Returns

Returns include dividend reinvestment.

Period	HYEM	GVIP
1 month	+0.76%	+0.93%
3 months	+1.79%	+13.28%
6 months	+4.19%	+12.21%
1 year	+9.57%	+31.19%
5 years(CAGR)	+2.98%	+12.00%
10 years(CAGR)	+4.62%	+17.17%
Max(CAGR)	+4.72%	+17.17%

HYEM

+0.76%

Winner

GVIP

+0.93%

HYEM

+1.79%

Winner

GVIP

+13.28%

HYEM

+4.19%

Winner

GVIP

+12.21%

HYEM

+9.57%

Winner

GVIP

+31.19%

5Y(CAGR)

HYEM

+2.98%

Winner

GVIP

+12.00%

10Y(CAGR)

HYEM

+4.62%

Winner

GVIP

+17.17%

Max(CAGR)

HYEM

+4.72%

Winner

GVIP

+17.17%

HYEM vs GVIP - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	HYEM	GVIP
2026	+3.50%	+10.71%
2025	+9.01%	+24.18%
2024	+12.45%	+31.42%
2023	+7.86%	+40.11%
2022	-12.90%	-32.35%
2021	-0.98%	+13.57%
2020	+6.12%	+42.47%
2019	+13.10%	+29.65%
2018	-3.50%	-8.03%
2017	+8.03%	+24.67%
2016	+15.76%	+7.97%
2015	+3.55%	N/A
2014	-2.46%	N/A
2013	-1.69%	N/A
2012	+12.10%	N/A

HYEM vs GVIP Drawdown Comparison

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

The maximum drawdown for GVIP was -37.09%, occurring on Oct 14, 2022. Recovery took 573 trading sessions.

The current HYEM drawdown is -0.35%. The current GVIP drawdown is -4.51%.

Rank	HYEM	GVIP
#1	-30.96% Feb 12, 2020 - Nov 13, 2020	-37.09% Nov 16, 2021 - Feb 29, 2024
#2	-26.31% Jun 24, 2021 - Sep 17, 2024	-36.63% Feb 19, 2020 - Jul 20, 2020
#3	-14.00% Jul 11, 2014 - May 13, 2016	-23.29% Feb 14, 2025 - Jun 26, 2025
#4	-9.87% May 9, 2013 - Apr 1, 2014	-21.47% Sep 20, 2018 - Apr 10, 2019
#5	-7.30% Feb 1, 2018 - Feb 5, 2019	-13.67% Feb 2, 2026 - Apr 14, 2026
#6	-5.22% Feb 28, 2025 - May 16, 2025	-10.25% Jul 16, 2024 - Aug 19, 2024
#7	-4.81% Sep 30, 2016 - Jan 5, 2017	-9.91% Apr 30, 2019 - Jul 26, 2019
#8	-4.52% Aug 1, 2019 - Nov 25, 2019	-9.66% Jan 26, 2018 - Mar 12, 2018
#9	-3.51% May 14, 2012 - Jun 25, 2012	-9.55% Jul 26, 2019 - Nov 18, 2019
#10	-2.73% Feb 25, 2026 - Apr 16, 2026	-9.08% Mar 12, 2018 - Jun 18, 2018
#11	-2.50% Jun 25, 2012 - Jul 13, 2012	-8.76% Sep 2, 2020 - Oct 13, 2020
#12	-2.02% Feb 19, 2021 - May 6, 2021	-7.59% Oct 13, 2020 - Nov 5, 2020
#13	-1.78% Sep 11, 2012 - Oct 16, 2012	-7.24% Oct 29, 2025 - Dec 10, 2025
#14	-1.77% Jan 23, 2013 - Apr 4, 2013	-7.10% Feb 16, 2021 - Apr 9, 2021
#15	-1.60% Jan 17, 2020 - Feb 12, 2020	-7.04% Apr 29, 2021 - Jun 23, 2021

Correlation

Correlation between HYEM and GVIP is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2012 - 2026)

HYEM vs GVIP dividend yield comparison.

Year	HYEM	GVIP
2026	2.69%	0.00%
2025	6.67%	0.34%
2024	6.34%	0.29%
2023	6.27%	0.77%
2022	6.47%	0.02%
2021	5.33%	0.00%
2020	5.56%	0.12%
2019	6.14%	0.77%
2018	5.71%	0.44%
2017	5.86%	0.45%
2016	6.25%	0.08%
2015	7.64%	0.00%
2014	6.77%	0.00%
2013	6.14%	0.00%
2012	3.91%	0.00%