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 is an international bond fund issued by iShares with $646 million in assets under management. It holds a C grade and ranks 4th out of 8 peers in its category, placing it at #315 overall among all tracked ETFs. The fund carries a 0.5% expense ratio, which exceeds the category median of 0.37%, while offering a 6.49% dividend yield that is notably higher than the 4.86% median. Concentration is relatively low, with the top 10 holdings representing only 18.1% of assets and the largest position, BlackRock Funds III, accounting for 8.2%.

The fund has delivered an 8.21% return over the past year, significantly outperforming the category median of 2.92%. Short-term momentum appears subdued, with one-day and one-week returns near zero, though the three-month gain of 1.24% suggests gradual improvement. Year-to-date performance stands at 3.77%, while the three-year total return is 41.75%. The current price of $40.08 sits at 56.5% of its 52-week range, indicating it is trading slightly above the midpoint. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, and price history is available for 3.0 years.

With a beta of 0.76, the fund has exhibited lower sensitivity to market movements compared to the broader market. Annualized volatility is recorded at 5.59%, a level labeled as Very Low, which aligns with a maximum drawdown of -5.95%. The Sharpe ratio of 0.57 suggests moderate risk-adjusted returns relative to the volatility experienced. Liquidity is characterized by an average daily volume of 110,838 shares and a bid-ask spread of 1.43%, indicating moderate trading costs.

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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.65% (as of 2026-09-03) — 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: 118.75 (as of 2026-08-28) — 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 1.43% and average daily volume is 111K/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 $646M 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