HYEM vs SPY
Comparison between VANECK EMERGING MARKETS HIGH YIELD BOND ETF (HYEM, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed HYEM, delivering a return of +13.3% compared to +3.0%
HYEM vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HYEM vs SPY - Historical Returns
Returns include dividend reinvestment.
HYEM vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HYEM | SPY |
|---|---|---|
| 2026 | +3.50% | +8.26% |
| 2025 | +9.01% | +18.00% |
| 2024 | +12.45% | +25.59% |
| 2023 | +7.86% | +26.72% |
| 2022 | -12.90% | -18.64% |
| 2021 | -0.98% | +30.52% |
| 2020 | +6.12% | +17.28% |
| 2019 | +13.10% | +31.09% |
| 2018 | -3.50% | -5.24% |
| 2017 | +8.03% | +20.78% |
| 2016 | +15.76% | +13.59% |
| 2015 | +3.55% | +1.31% |
| 2014 | -2.46% | +14.56% |
| 2013 | -1.69% | +29.00% |
| 2012 | +12.10% | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
HYEM vs SPY Drawdown Comparison
The maximum drawdown for HYEM was -30.96%, occurring on Mar 19, 2020. Recovery took 192 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HYEM drawdown is -0.35%. The current SPY drawdown is -2.90%.
| Rank | HYEM | SPY |
|---|---|---|
| #1 | -30.96% Feb 12, 2020 - Nov 13, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -26.31% Jun 24, 2021 - Sep 17, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -14.00% Jul 11, 2014 - May 13, 2016 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -9.87% May 9, 2013 - Apr 1, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -7.30% Feb 1, 2018 - Feb 5, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -5.22% Feb 28, 2025 - May 16, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -4.81% Sep 30, 2016 - Jan 5, 2017 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.52% Aug 1, 2019 - Nov 25, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.51% May 14, 2012 - Jun 25, 2012 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -2.73% Feb 25, 2026 - Apr 16, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.50% Jun 25, 2012 - Jul 13, 2012 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.02% Feb 19, 2021 - May 6, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -1.78% Sep 11, 2012 - Oct 16, 2012 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.77% Jan 23, 2013 - Apr 4, 2013 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.60% Jan 17, 2020 - Feb 12, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HYEM and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
HYEM vs SPY dividend yield comparison.
| Year | HYEM | SPY |
|---|---|---|
| 2026 | 2.69% | 0.24% |
| 2025 | 6.67% | 1.07% |
| 2024 | 6.34% | 1.21% |
| 2023 | 6.27% | 1.40% |
| 2022 | 6.47% | 1.65% |
| 2021 | 5.33% | 1.20% |
| 2020 | 5.56% | 1.52% |
| 2019 | 6.14% | 1.75% |
| 2018 | 5.71% | 2.04% |
| 2017 | 5.86% | 1.80% |
| 2016 | 6.25% | 2.03% |
| 2015 | 7.64% | 2.06% |
| 2014 | 6.77% | 1.87% |
| 2013 | 6.14% | 1.81% |
| 2012 | 3.91% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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