VanEck International High Yield Bond ETF
$20.75−0.01 (−0.05%)
- 0.40%
- $39M
- +1.0%
- 6.10%
- 0M sh
- $20.76
- low $20.63high $22.50
The ETF.net IHY Grade
B
Score 61 out of 100
- 6 of 13
Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A70 out of 100Rank 3 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.A76 out of 100Rank 6 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 11 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 10 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 3 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 7 of 13
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
- 499
- 6%
- Electricite De France Sa
Sectors
- Financials100.0%
Geography
- United Kingdom11.29%
- France11.28%
- Luxembourg10.34%
- Netherlands8.78%
- Canada7.37%
- Italy4.80%
- Mexico4.71%
- United States4.02%
- 37.42%
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.
IHY$10,099
Returns run to the Oct 12, 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 | −1.5% |
| 1 month | −2.6% |
| 3 months | −2.5% |
| 1 year | +1.0% |
| 3 years | +8.3% |
| 5 years | +2.2% |
| 10 years | +3.4% |
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 | −1.5% | |
| 2025 | +13.4% | |
| 2024 | +3.5% | |
| 2023 | +12.1% | |
| 2022 | −14.3% | |
| 2021 | −2.8% | |
| 2020 | +8.6% |
IHY in the news
IHY Dividends
- 6.10%
- $1.27
- $0.11 per share
- Monthly
Distribution history
IHY Risk
- 6.1%
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.
- 0.59
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.
- −24.8%
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
0.40%
IHY0.40%
- The middle half of International High Yield Bond funds
- Median 0.46%
2 of the 13 International High Yield Bond funds charge less.
Other funds in International High Yield Bond
- BPGHYInvesco Global ex-US High Yield Corporate Bond ETFExpense ratio 0.35%1 year return +3.3%
- BEMHYiShares J.P. Morgan EM High Yield Bond ETFExpense ratio 0.50%1 year return +5.4%
- CNJNKColumbia U.S. High Yield ETFExpense ratio 0.46%1 year return +2.9%
- CFHYSFederated Hermes Short Duration High Yield ETFExpense ratio 0.61%1 year return +3.9%
- CPBSCPacer Barings Secured Credit Flex ETFExpense ratio 0.49%1 year return —