VanEck International High Yield Bond ETF
$21.22−0.18 (−0.84%)
- Expense ratio
- 0.40%
- Fund size
- $43M
- 1Y return
- +1.7%
- Yield · Last 12 months
- 5.88%
- Holdings
- 539
- Volume · 30D
- 0M sh
- NAV per share
- $21.39
- 52W range
The ETF.net IHY Grade
Score 60 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 70Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 72Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 34Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 40Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 80Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 59Category rank
Our read on IHY
BMost high yield ETFs are a bet on American borrowers. IHY flips the map: junk-rated bonds from non-US companies only, issued in dollars, euros, sterling and Canadian dollars, with no issuer allowed to hog the portfolio.
The fund seeks to track, before fees and expenses, the price and yield performance of the ICE BofA Global ex-US Issuers High Yield Constrained Index.
Why people hold it
- The ex-US specialist in a cohort where the household names all buy US corporate paper. Its index takes below investment grade bonds from non-US issuers in the major domestic and Eurobond markets.vaneck.com
- No single borrower can dominate. The index caps any one issuer at 3%, trimming the outliers, and the fund spreads across roughly 500 bonds.vaneck.com
- Four currencies of issuance (US dollar, euro, pound sterling, Canadian dollar) widen the opportunity set well beyond the dollar-only high yield market.vaneck.com
- Running since 2012 with monthly distributions and a plain passive index mandate. Long history for such a narrow corner of the bond market.
Worth knowing
- Small and thinly traded, so bid-ask spreads tend to run wider than the category's giants. Trade size and timing matter more here.
- 0.40% is the cohort median, but the largest US-focused peers (SCYB, SPHY, USHY) charge a fraction of that. The ex-US mandate is what you're paying up for.
- Monthly payouts can include return of capital, which the fund discloses. Part of a distribution may be your own principal coming back.
IHY Holdings
- Other
- 539
- 6%
- -EUR CASH-
Sectors
- Financials100.0%
Geography
- United Kingdom11.16%
- France11.10%
- Luxembourg10.23%
- Netherlands8.71%
- Canada7.81%
- Italy5.12%
- Mexico4.57%
- United States4.06%
- 37.24%
Developed 71% · Emerging 29%
IHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IHY |
|---|---|
| Year to date | +1.0% |
| 1 month | −1.2% |
| 3 months | +0.2% |
| 1 year | +1.7% |
| 3 years | +8.7% |
| 5 years | +2.0% |
| 10 years | +3.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IHY |
|---|---|---|
| 2026 YTD | +1.0% | |
| 2025 | +13.4% | |
| 2024 | +3.5% | |
| 2023 | +12.1% | |
| 2022 | −14.3% | |
| 2021 | −2.8% | |
| 2020 | +8.6% |
IHY in the news
ETF.net Research hasn’t filed on IHY yet — coverage lands here as it’s written.
IHY Dividends
- 5.88%
- $1.26
- $0.10 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.10 |
| Aug 3, 2026 | Aug 6, 2026 | $0.11 |
| Jul 1, 2026 | Jul 7, 2026 | $0.10 |
| Jun 1, 2026 | Jun 4, 2026 | $0.11 |
| May 1, 2026 | May 6, 2026 | $0.10 |
| Apr 1, 2026 | Apr 7, 2026 | $0.12 |
| Mar 2, 2026 | Mar 5, 2026 | $0.09 |
| Feb 2, 2026 | Feb 5, 2026 | $0.10 |
| Dec 29, 2025 | Dec 31, 2025 | $0.13 |
| Nov 28, 2025 | Dec 3, 2025 | $0.10 |
| Nov 3, 2025 | Nov 6, 2025 | $0.10 |
| Oct 1, 2025 | Oct 6, 2025 | $0.10 |
IHY Risk
- 5.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.69
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.77
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IHY Cost
- The middle half of International High Yield Bond funds
- Median 0.46%
2 of the 13 International High Yield Bond funds charge less.