HYG vs SPEM

Comparison between ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (HYG, ETF) and SPDR(R) PORTFOLIO EMERGING MARKETS ETF (SPEM, ETF).

5-Year PerformanceSPEM has outperformed HYG, delivering a return of +6.9% compared to +3.9%

HYG vs SPEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HYG(ETF)	SPEM(ETF)
Net Assets	$17B	$17B
Expense Ratio	0.49%	0.07%
Max Drawdown	41.90%	65.07%
Sharpe Ratio	1.00	1.61
5Y Beta	0.24	0.70
5Y Dividends CAGR	4.66%	4.52%

Net Assets

HYG

$17B

Winner

SPEM

$17B

Expense Ratio

HYG

0.49%

Winner

SPEM

0.07%

Max Drawdown

Winner

HYG

41.90%

SPEM

65.07%

Sharpe Ratio

HYG

1.00

Winner

SPEM

1.61

5Y Beta

Winner

HYG

0.24

SPEM

0.70

5Y Dividends CAGR

Winner

HYG

4.66%

SPEM

4.52%

HYG vs SPEM - Historical Returns

Returns include dividend reinvestment.

Period	HYG	SPEM
1 month	+0.03%	+3.80%
3 months	+0.35%	+2.57%
6 months	+2.12%	+9.61%
1 year	+6.72%	+28.49%
5 years(CAGR)	+3.93%	+6.87%
10 years(CAGR)	+5.00%	+9.56%
Max(CAGR)	+4.96%	+5.61%

HYG

+0.03%

Winner

SPEM

+3.80%

HYG

+0.35%

Winner

SPEM

+2.57%

HYG

+2.12%

Winner

SPEM

+9.61%

HYG

+6.72%

Winner

SPEM

+28.49%

5Y(CAGR)

HYG

+3.93%

Winner

SPEM

+6.87%

10Y(CAGR)

HYG

+5.00%

Winner

SPEM

+9.56%

Max(CAGR)

HYG

+4.96%

Winner

SPEM

+5.61%

HYG vs SPEM - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	HYG	SPEM
2026	+0.99%	+7.93%
2025	+8.34%	+26.06%
2024	+8.33%	+12.77%
2023	+11.32%	+9.34%
2022	-10.95%	-18.38%
2021	+3.96%	+0.94%
2020	+4.04%	+12.23%
2019	+14.24%	+19.24%
2018	-2.11%	-15.13%
2017	+5.63%	+33.44%
2016	+14.09%	+14.74%
2015	-5.03%	-14.68%
2014	+1.72%	+1.97%
2013	+4.77%	-3.47%
2012	+11.30%	+14.83%
2011	+6.68%	-19.79%
2010	+11.02%	+15.47%
2009	+28.98%	+65.42%
2008	-16.57%	-48.76%
2007	+1.62%	+36.13%

HYG vs SPEM Drawdown Comparison

The maximum drawdown for HYG was -34.28%, occurring on Nov 20, 2008. Recovery took 556 trading sessions.

The maximum drawdown for SPEM was -64.42%, occurring on Nov 20, 2008. Recovery took 1721 trading sessions.

The current HYG drawdown is -0.45%. The current SPEM drawdown is -2.35%.

Rank	HYG	SPEM
#1	-34.28% Sep 19, 2007 - Dec 2, 2009	-64.42% Oct 31, 2007 - Sep 3, 2014
#2	-22.03% Feb 13, 2020 - Nov 4, 2020	-36.05% Jan 26, 2018 - Nov 9, 2020
#3	-15.79% Dec 27, 2021 - Mar 7, 2024	-34.89% Sep 5, 2014 - Jul 12, 2017
#4	-13.44% Apr 15, 2015 - Jul 8, 2016	-33.40% Feb 17, 2021 - Oct 7, 2024
#5	-10.05% Jul 22, 2011 - Oct 24, 2011	-17.89% Jul 23, 2007 - Sep 19, 2007
#6	-8.38% May 25, 2007 - Sep 18, 2007	-17.63% Oct 7, 2024 - Jun 9, 2025
#7	-7.90% Oct 27, 2011 - Dec 23, 2011	-11.36% Feb 25, 2026 - Apr 17, 2026
#8	-7.07% Apr 23, 2010 - Jul 20, 2010	-5.02% Jan 20, 2021 - Feb 5, 2021
#9	-7.05% May 8, 2013 - Nov 29, 2013	-4.86% Oct 29, 2025 - Jan 2, 2026
#10	-6.42% Jun 25, 2014 - Apr 15, 2015	-4.38% Oct 8, 2025 - Oct 20, 2025
#11	-6.41% Oct 1, 2018 - Jan 31, 2019	-4.30% Nov 22, 2017 - Dec 28, 2017
#12	-6.05% Jan 8, 2010 - Mar 16, 2010	-4.11% Oct 18, 2007 - Oct 26, 2007
#13	-4.56% May 18, 2011 - Jul 7, 2011	-3.46% Sep 19, 2017 - Oct 13, 2017
#14	-4.56% Feb 28, 2025 - May 12, 2025	-3.43% Jun 4, 2007 - Jun 14, 2007
#15	-4.50% May 2, 2012 - Jun 29, 2012	-3.14% Jul 23, 2025 - Aug 12, 2025

Correlation

Correlation between HYG and SPEM is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (2007 - 2026)

HYG vs SPEM dividend yield comparison.

Year	HYG	SPEM
2026	2.00%	0.00%
2025	5.71%	2.77%
2024	6.01%	2.78%
2023	5.74%	2.80%
2022	5.30%	3.38%
2021	4.02%	3.14%
2020	4.88%	1.92%
2019	4.99%	2.94%
2018	5.54%	2.34%
2017	5.12%	1.12%
2016	5.27%	1.52%
2015	5.90%	2.40%
2014	5.69%	2.26%
2013	6.10%	1.91%
2012	6.60%	1.99%
2011	7.51%	3.64%
2010	8.25%	2.32%
2009	9.48%	0.71%
2008	10.08%	3.69%
2007	5.23%	1.82%