EMHY vs HYDB: Grades, Fees and Holdings Compared

iShares J.P. Morgan EM High Yield Bond ETF

EMHYBCboe

iShares High Yield Systematic Bond ETF

HYDBACboe

Overlap

No data

Expense ratio

HYDB −0.15pt a year

EMHY0.50%HYDB0.35%

Avg volume · 30D

HYDB 1.4×the volume

EMHY124KHYDB175K

5Y return · a year

EMHY +0.4pt

EMHY+4.4%HYDB+4.0%

EMHY vs HYDB Performance

Oct 29, 2021 – Oct 30, 2026

+24.2%EMHY+21.6%HYDB

Expense ratio: EMHY 0.50%; HYDB 0.35%, better
Fund size: EMHY $560M; HYDB $1.53B
1Y total return: EMHY +2.5%, better; HYDB +1.1%
Yield (12M): EMHY 6.82%; HYDB 7.16%, better
Holdings: EMHY 682; HYDB 253
Avg volume (30D): EMHY 124K sh; HYDB 175K sh, better
NAV per share: EMHY $38.64; HYDB $44.72
52W range

ETF.net Grade

Pillar letters and Scores for EMHY, HYDB, with each pillar’s weight
Pillar	EMHY	HYDB
Cost30% weight	D30	A93Higher
Mission25% weight	A87	A95Higher
Risk15% weight	C48Higher	C42
Tradability15% weight	A71	A85Higher
Holdings10% weight	A71Higher	B66
Durability5% weight	A82	A84Higher

Rank among International High Yield Bond funds

How we build Categories ›

Same Category. EMHY and HYDB are both graded against the same 13 International High Yield Bond funds, so their Grades compare head to head.

International High Yield Bond⁠

Category · 13 funds

See all 13 ›

HYDB ranks 1st and EMHY 7th of 13 funds in the International High Yield Bond Category.

Rank 1AHYDBiShares High Yield Systematic Bond ETFScore 81
Rank 2ASYFIAB Short Duration High Yield ETFScore 73
Rank 5BPGHYInvesco Global ex-US High Yield Corporate Bond ETFScore 63
Rank 7BEMHYiShares J.P. Morgan EM High Yield Bond ETFScore 59
Rank 8CFHYSFederated Hermes Short Duration High Yield ETFScore 51

Our read on each fund

ETF.net Research

EMHYBiShares J.P. Morgan EM High Yield Bond ETF

HYDBAiShares High Yield Systematic Bond ETF

In short

EMHY Most high-yield ETFs buy American junk bonds. EMHY crosses borders instead: dollar-denominated high yield from emerging-market governments and companies, in one index-tracking, monthly-paying wrapper iShares has run since 2012.

HYDB No data

Stated mandate

EMHY The fund seeks to track an index of U.S.-dollar-denominated high-yield bonds issued by emerging-market sovereigns and corporations, providing exposure to emerging-market debt.

HYDB No data

Why people hold it

EMHY Two credit worlds in one ticker. The index blends EM sovereign and corporate high yield, spread across roughly 700 bonds, so no single government or borrower drives the fund.ishares.com
Everything inside is priced in US dollars. You take emerging-market credit risk without layering on the currency swings of local-currency debt.ishares.com
Running since 2012 and paying monthly, it has carried this mandate through multiple emerging-market stress cycles rather than launching into a fashionable one.

HYDB No data

Worth knowing

EMHY Specialist exposure carries a specialist price: 0.50% a year, against 0.03% for SCYB and 0.05% for SPHY on plain US high-yield beta. Different job, different bill.
Junk credit risk plus country risk. EM sovereign and corporate bonds bring politics, reserves and restructuring into a portfolio already sitting below investment grade.
A mid-size fund with moderate volume, not one of the category's traffic leaders. Bid-ask spreads on EM bonds tend to widen exactly when credit markets get noisy.

HYDB No data

Full EMHY profile⁠

Full HYDB profile⁠

EMHY vs HYDB Holdings

How EMHY and HYDB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile0.0%
Sector21 Sectors0.0%
Asset classFixed Income100%

Sector

Sector weights in EMHY and HYDB, widest gap first
Sector	More in EMHYMore in HYDB	EMHY	HYDB
Sovereign	EMHY +52.6 points	52.6%	0.0%
Industrial	EMHY +20.1 points	20.1%	0.0%
Energy	HYDB +20.0 points	0.0%	20.0%
Consumer Discretionary	HYDB +18.7 points	0.0%	18.7%
Financial Institutions	EMHY +14.8 points	14.8%	0.0%
Communications	HYDB +14.0 points	0.0%	14.0%
Basic Industry	HYDB +11.5 points	0.0%	11.5%
Agency	EMHY +9.4 points	9.4%	0.0%
Reits	HYDB +6.5 points	0.0%	6.5%
Finance Companies	HYDB +5.8 points	0.0%	5.8%
Capital Goods	HYDB +5.7 points	0.0%	5.7%
Health Care	HYDB +5.1 points	0.0%	5.1%
Consumer Non-Cyclical	HYDB +3.0 points	0.0%	3.0%
Utility	EMHY +3.0 points	3.0%	0.0%
Electric	HYDB +2.7 points	0.0%	2.7%
Brokerage/Asset Managers/Exchanges	HYDB +2.5 points	0.0%	2.5%
Transportation	HYDB +1.9 points	0.0%	1.9%
Real Estate	HYDB +1.4 points	0.0%	1.4%
Banking	HYDB +1.0 points	0.0%	1.0%
Technology	HYDB +0.2 points	0.0%	0.2%
Local Authority	EMHY +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in EMHY and HYDB, widest gap first
Country	More in EMHYMore in HYDB	EMHY	HYDB
United States	HYDB +86.9 points	0.0%	86.9%
Turkey	EMHY +67.5 points	67.5%	0.0%
Brazil	EMHY +6.5 points	6.5%	0.0%
Colombia	EMHY +5.7 points	5.7%	0.0%
Mexico	EMHY +5.4 points	5.4%	0.0%
Argentina	EMHY +4.6 points	4.6%	0.0%
Hong Kong	EMHY +3.6 points	3.6%	0.0%
Canada	HYDB +3.6 points	0.0%	3.6%
Other countries (12)	HYDB +2.8 points	6.7%	9.5%

Outside the US: EMHY 4% developed, 96% emerging.

Concentration

Weight in the 10 largest Holdings

EMHY7.1%
HYDB7.5%

Securities held

EMHY676
HYDB249

Asset class

EMHY: Fixed Income
HYDB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. EMHY holds 676 securities, HYDB 249.

All 674 EMHY holdings⁠All 256 HYDB holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EMHY vs HYDB Cost

Overpaying EMHY vs HYDB

$2,853

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EMHY 0.50%
$9,979
HYDB 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

EMHY 0.50%
HYDB 0.35%
Overpaying

Year by year

Year	EMHY	HYDB	Overpaying
10	$900	$634	$266
20	$3,460	$2,454	$1,006
30	$9,979	$7,126	$2,853

Expense ratio

0.50%EMHY
0.35%HYDB, cheaper

HYDB0.35%EMHY0.50%

0.35%0.69%

Middle half of International High Yield Bond funds
Median 0.46%

HYDB cheapest of 13 funds

EMHY 9th cheapest of 13 funds

EMHY vs HYDB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EMHY 6.82%; HYDB 7.16%, better
Payout (12M): EMHY $2.64; HYDB $3.21
Last payment: EMHY $0.23; HYDB $0.27
Ex-dividend: EMHY Oct 1, 2026; HYDB Oct 1, 2026
Paid on: EMHY Oct 6, 2026; HYDB Oct 6, 2026
Frequency: EMHY Monthly; HYDB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

EMHYMonthly · 46 paymentsAll EMHY payments⁠

HYDBMonthly · 45 paymentsAll HYDB payments⁠

EMHY vs HYDB Risk

Fall from peak · 5 years

EMHY
HYDB

Risk facts

VolatilityStd dev, 3 years: EMHY 6.3%HYDB 4.9%, better
Return per unit of riskSharpe ratio, 3 years: EMHY 1.16, betterHYDB 0.77
Worst fallMax drawdown, 5 years: EMHY −23.5%HYDB −14.3%, better
Market sensitivityBeta, 5 years: EMHY 0.76HYDB 0.65; Market = 1

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