IQI vs HYEM

Comparison between Invesco Quality Municipal Income Trust (IQI, ETF) and VANECK EMERGING MARKETS HIGH YIELD BOND ETF (HYEM, ETF).

5-Year PerformanceHYEM has outperformed IQI, delivering a return of +3.2% compared to +0.1%

IQI vs HYEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IQI(ETF)	HYEM(ETF)
Net Assets	$521M	$522M
Expense Ratio	N/A	0.40%
Max Drawdown	55.16%	40.87%
Sharpe Ratio	1.14	0.72
5Y Beta	0.25	0.23
5Y Dividends CAGR	5.73%	0.22%

Net Assets

IQI

$521M

Winner

HYEM

$522M

Expense Ratio

IQI

N/A

HYEM

0.40%

Max Drawdown

IQI

55.16%

Winner

HYEM

40.87%

Sharpe Ratio

Winner

IQI

1.14

HYEM

0.72

5Y Beta

IQI

0.25

Winner

HYEM

0.23

5Y Dividends CAGR

Winner

IQI

5.73%

HYEM

0.22%

IQI vs HYEM - Historical Returns

Returns include dividend reinvestment.

Period	IQI	HYEM
1 month	+2.04%	+1.20%
3 months	+5.32%	+1.92%
6 months	+3.12%	+2.65%
1 year	+15.48%	+7.27%
5 years(CAGR)	+0.11%	+3.25%
10 years(CAGR)	+2.47%	+4.26%
Max(CAGR)	+5.38%	+4.75%

Winner

IQI

+2.04%

HYEM

+1.20%

Winner

IQI

+5.32%

HYEM

+1.92%

Winner

IQI

+3.12%

HYEM

+2.65%

Winner

IQI

+15.48%

HYEM

+7.27%

5Y(CAGR)

IQI

+0.11%

Winner

HYEM

+3.25%

10Y(CAGR)

IQI

+2.47%

Winner

HYEM

+4.26%

Max(CAGR)

Winner

IQI

+5.38%

HYEM

+4.75%

IQI vs HYEM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IQI	HYEM
2026	+6.71%	+5.11%
2025	+8.56%	+9.01%
2024	+9.98%	+12.45%
2023	+4.31%	+7.86%
2022	-27.10%	-12.90%
2021	+9.25%	-0.98%
2020	+8.86%	+6.12%
2019	+15.59%	+13.10%
2018	-4.47%	-3.50%
2017	+6.13%	+8.03%
2016	+2.85%	+15.76%
2015	+8.13%	+3.55%
2014	+19.39%	-2.46%
2013	-14.68%	-1.69%
2012	+7.81%	+12.10%
2011	+19.74%	N/A
2010	+8.35%	N/A
2009	+33.00%	N/A
2008	-20.84%	N/A
2007	-8.00%	N/A
2006	+10.77%	N/A
2005	+10.91%	N/A
2004	+1.23%	N/A
2003	+11.68%	N/A
2002	+7.07%	N/A
2001	+9.01%	N/A
2000	+16.17%	N/A
1999	-6.11%	N/A

IQI vs HYEM Drawdown Comparison

The maximum drawdown for IQI was -50.21%, occurring on Oct 10, 2008. Recovery took 692 trading sessions.

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

The current IQI drawdown is -1.24%.

Rank	IQI	HYEM
#1	-50.21% May 7, 2007 - Feb 3, 2010	-30.96% Feb 12, 2020 - Nov 13, 2020
#2	-35.34% Jul 29, 2021 - Jul 14, 2026	-26.31% Jun 24, 2021 - Sep 17, 2024
#3	-26.28% Mar 4, 2020 - Nov 24, 2020	-14.00% Jul 11, 2014 - May 13, 2016
#4	-22.85% Jul 25, 2012 - Jan 13, 2015	-9.87% May 9, 2013 - Apr 1, 2014
#5	-18.18% Sep 30, 2010 - Oct 28, 2011	-7.30% Feb 1, 2018 - Feb 5, 2019
#6	-13.33% Aug 18, 2016 - Apr 10, 2019	-5.22% Feb 28, 2025 - May 16, 2025
#7	-11.24% Mar 23, 2004 - Feb 4, 2005	-4.81% Sep 30, 2016 - Jan 5, 2017
#8	-10.07% Jun 17, 2003 - Jan 15, 2004	-4.52% Aug 1, 2019 - Nov 25, 2019
#9	-9.68% Nov 5, 1999 - Feb 3, 2000	-3.51% May 14, 2012 - Jun 25, 2012
#10	-9.35% Feb 2, 2015 - Dec 1, 2015	-2.73% Feb 25, 2026 - Apr 16, 2026
#11	-8.54% Sep 12, 2000 - Jan 2, 2001	-2.50% Jun 25, 2012 - Jul 13, 2012
#12	-7.40% Mar 1, 2012 - Jun 11, 2012	-2.02% Feb 19, 2021 - May 6, 2021
#13	-7.23% Oct 2, 2002 - Feb 27, 2003	-1.78% Sep 11, 2012 - Oct 16, 2012
#14	-7.19% Feb 4, 2002 - Jul 10, 2002	-1.77% Jan 23, 2013 - Apr 4, 2013
#15	-7.14% Feb 8, 2000 - Jul 18, 2000	-1.60% Jan 17, 2020 - Feb 12, 2020

Correlation

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

0.90

-101

Dividend Comparison (2000 - 2026)

IQI vs HYEM dividend yield comparison.

Year	IQI	HYEM
2026	5.00%	3.97%
2025	7.60%	6.67%
2024	6.48%	6.34%
2023	4.70%	6.27%
2022	5.82%	6.47%
2021	4.53%	5.33%
2020	4.61%	5.56%
2019	4.88%	6.14%
2018	6.04%	5.71%
2017	5.33%	5.86%
2016	6.15%	6.25%
2015	6.08%	7.64%
2014	6.24%	6.77%
2013	7.39%	6.14%
2012	6.43%	3.91%
2011	6.46%	0.00%
2010	6.96%	0.00%
2009	6.59%	0.00%
2008	7.30%	0.00%
2007	5.66%	0.00%
2006	6.73%	0.00%
2005	7.70%	0.00%
2004	6.33%	0.00%
2003	8.51%	0.00%
2002	8.43%	0.00%
2001	8.85%	0.00%
2000	2.65%	0.00%