EMHY — iShares J.P. Morgan EM High Yield Bond ETF

EMHY Price Performance — Growth of $10,000

Value of a $10,000 investment in EMHY over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

EMHY Drawdown

The "underwater" chart: EMHY's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares J.P. Morgan EM High Yield Bond ETF (EMHY) operates within the International Bonds category, which currently contains 8 ETFs tracked by ETFValuer. Issued by iShares, the fund has accumulated assets under management of $607 million while trading at a price of $40.14. It holds an overall rank of #256 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 59.3 out of 100. Investors face an expense ratio of 0.5% for holding the fund, which offers a dividend yield of 6.37%. The combination of a mid-tier rank and a moderate asset base suggests a specific level of investor adoption relative to the broader universe of 458 funds. This profile positions the ETF as a specialized vehicle within a small category of 8 peers rather than a dominant market leader.

Over the most recent single day, the fund recorded a return of 0.00%, followed by a weekly decline of -0.52% and a monthly drop of -0.68%. Despite these short-term losses, the fund posted positive returns over longer horizons, including a 3-month gain of +0.97% and a 6-month increase of +2.13%. Year-to-date performance stands at +2.76%, while the 1-year return has reached +9.87%. The longer-term trajectory shows significant acceleration, with the 3-year return totaling +37.86%. This pattern indicates a divergence where recent short-term weakness contrasts with sustained positive growth over the past three years.

The fund carries a volatility label of Very Low and a beta of 0.76, suggesting it moves less than the broader market and exhibits relatively stable price action. A Sharpe ratio of 0.86 indicates that the returns generated per unit of risk taken are moderate relative to the risk-free rate. The maximum drawdown recorded for the fund is -5.95%, which reflects the largest peak-to-trough decline experienced during the measurement period. This combination of low volatility, a beta below 1.0, and a contained maximum drawdown implies the fund has demonstrated resilience during market downturns. The data suggests the ETF provides a smoother ride compared to higher-beta assets while still delivering positive returns over the 3-year period.

AI-generated summary based on the data on this page.

EMHY Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 18.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how EMHY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With EMHY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with EMHY's top 10 — EMB overlaps most, holding 3 of the same companies as EMHY's top 10 (7.4% of EMHY's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.77% (as of 2026-07-23) — The extra yield investors demand to hold high-yield corporate bonds over Treasuries — a real-time gauge of credit risk appetite relevant to this fund’s holdings.

Trade-Weighted US Dollar Index: 120.53 (as of 2026-07-17) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

EMHY Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.31% and average daily volume is 89K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $607M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: EMHY is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

EMHY Performance History

How EMHY Compares to Other International Bonds ETFs