SPEM vs HYG
Comparison between STATE STREET(R) SPDR(R) PORTFOLIO EMERGING MARKETS ETF (SPEM, ETF) and ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (HYG, ETF).
5-Year PerformanceSPEM has outperformed HYG, delivering a return of +8.0% compared to +3.8%
SPEM vs HYG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SPEM vs HYG - Historical Returns
Returns include dividend reinvestment.
SPEM vs HYG - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | SPEM | HYG |
|---|---|---|
| 2026 | +10.69% | +2.14% |
| 2025 | +26.06% | +8.34% |
| 2024 | +12.77% | +8.33% |
| 2023 | +9.34% | +11.32% |
| 2022 | -18.38% | -10.95% |
| 2021 | +0.94% | +3.96% |
| 2020 | +12.23% | +4.04% |
| 2019 | +19.24% | +14.24% |
| 2018 | -15.13% | -2.11% |
| 2017 | +33.44% | +5.63% |
| 2016 | +14.74% | +14.09% |
| 2015 | -14.68% | -5.03% |
| 2014 | +1.97% | +1.72% |
| 2013 | -3.47% | +4.77% |
| 2012 | +14.83% | +11.30% |
| 2011 | -19.79% | +6.68% |
| 2010 | +15.47% | +11.02% |
| 2009 | +65.42% | +28.98% |
| 2008 | -48.76% | -16.57% |
| 2007 | +36.13% | +1.62% |
SPEM vs HYG Drawdown Comparison
The maximum drawdown for SPEM was -64.42%, occurring on Nov 20, 2008. Recovery took 1721 trading sessions.
The maximum drawdown for HYG was -34.28%, occurring on Nov 20, 2008. Recovery took 556 trading sessions.
The current SPEM drawdown is -1.41%. The current HYG drawdown is -0.23%.
| Rank | SPEM | HYG |
|---|---|---|
| #1 | -64.42% Oct 31, 2007 - Sep 3, 2014 | -34.28% Sep 19, 2007 - Dec 2, 2009 |
| #2 | -36.05% Jan 26, 2018 - Nov 9, 2020 | -22.03% Feb 13, 2020 - Nov 4, 2020 |
| #3 | -34.89% Sep 5, 2014 - Jul 12, 2017 | -15.79% Dec 27, 2021 - Mar 7, 2024 |
| #4 | -33.40% Feb 17, 2021 - Oct 7, 2024 | -13.44% Apr 15, 2015 - Jul 8, 2016 |
| #5 | -17.89% Jul 23, 2007 - Sep 19, 2007 | -10.05% Jul 22, 2011 - Oct 24, 2011 |
| #6 | -17.63% Oct 7, 2024 - Jun 9, 2025 | -8.38% May 25, 2007 - Sep 18, 2007 |
| #7 | -11.36% Feb 25, 2026 - Apr 17, 2026 | -7.90% Oct 27, 2011 - Dec 23, 2011 |
| #8 | -7.02% Jun 22, 2026 - Jul 29, 2026 | -7.07% Apr 23, 2010 - Jul 20, 2010 |
| #9 | -5.47% Jun 2, 2026 - Jun 22, 2026 | -7.05% May 8, 2013 - Nov 29, 2013 |
| #10 | -5.02% Jan 20, 2021 - Feb 5, 2021 | -6.42% Jun 25, 2014 - Apr 15, 2015 |
| #11 | -4.86% Oct 29, 2025 - Jan 2, 2026 | -6.41% Oct 1, 2018 - Jan 31, 2019 |
| #12 | -4.56% May 6, 2026 - Jun 2, 2026 | -6.05% Jan 8, 2010 - Mar 16, 2010 |
| #13 | -4.38% Oct 8, 2025 - Oct 20, 2025 | -4.56% May 18, 2011 - Jul 7, 2011 |
| #14 | -4.30% Nov 22, 2017 - Dec 28, 2017 | -4.56% Feb 28, 2025 - May 12, 2025 |
| #15 | -4.11% Oct 18, 2007 - Oct 26, 2007 | -4.50% May 2, 2012 - Jun 29, 2012 |
Correlation
Correlation between SPEM and HYG is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2007 - 2026)
SPEM vs HYG dividend yield comparison.
| Year | SPEM | HYG |
|---|---|---|
| 2026 | 1.01% | 3.46% |
| 2025 | 2.77% | 5.71% |
| 2024 | 2.78% | 6.01% |
| 2023 | 2.80% | 5.74% |
| 2022 | 3.38% | 5.30% |
| 2021 | 3.14% | 4.02% |
| 2020 | 1.92% | 4.88% |
| 2019 | 2.94% | 4.99% |
| 2018 | 2.34% | 5.54% |
| 2017 | 1.12% | 5.12% |
| 2016 | 1.52% | 5.27% |
| 2015 | 2.40% | 5.90% |
| 2014 | 2.26% | 5.69% |
| 2013 | 1.91% | 6.10% |
| 2012 | 1.99% | 6.60% |
| 2011 | 3.64% | 7.51% |
| 2010 | 2.32% | 8.25% |
| 2009 | 0.71% | 9.48% |
| 2008 | 3.69% | 10.08% |
| 2007 | 1.82% | 5.23% |
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