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ETFs

iShares J.P. Morgan EM High Yield Bond ETF

EMHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 03 2012
Expense Ratio
0.50%
Type
Global Ex. US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$1,397,281
AUM
$319,258,156
Associated Index
J.P. Morgan USD Emerging Markets High Yield Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Industrial & Commercial Bank of China Ltd. - FXDFR BD UNDATED USD 200000 - 238342171
0.91%
n/a
ARGENTINA REPUBLIC OF GOVERNMENT
0.88%
PEMX5055130
PETROLEOS MEXICANOS
0.83%
PEMX5386835
PETROLEOS MEXICANOS
0.80%
n/a
ARGENTINA REPUBLIC OF GOVERNMENT
0.77%
BRID
Brazil - 4.25% BD REDEEM 07/01/2025 USD 200000
0.65%
n/a
TURKEY (REPUBLIC OF)
0.61%
n/a
ARGENTINA REPUBLIC OF GOVERNMENT
0.58%
n/a
PEMEX 6.5 % Notes 2018-13.03.27 Gtd Global Series C14
0.56%
PEMX4447364
PETROLEOS MEXICANOS MTN
0.53%
Invest with EMHY

What is EMHY?

The Fund seeks to track the investment results of the J.P. Morgan USD Emerging Markets High Yield Bond Index (the Underlying Index ), which tracks the performance of below investment-grade U.S. dollar-denominated, emerging market fixed and floating-rate debt securities issued by corporate, sovereign, and quasi-sovereign entities. Bonds are eligible for inclusion in the Underlying Index if (i) the issuer is headquartered in an emerging market country, (ii) the issue is 100% guaranteed by an entity within an emerging market economy, or (iii) 100% of the issuer s operating assets are located within emerging market economies. Corporate instruments with a current face amount outstanding of $500 million or more and with at least 2.5 years until maturity are considered for inclusion. Corporate entities must be domiciled within Africa, Asia (excluding Japan), Eastern Europe, the Middle East, or Latin America. Sovereign and quasi-sovereign instruments with a current face amount outstanding of $1 billion or more and with at least 2.5 years until maturity are considered for inclusion. Quasi-sovereign entities are defined by the Index Provider as an entity that is 100% guaranteed or 100% government owned. All eligible component securities may remain in the Underlying Index until one year before maturity.

ETFs related toEMHY

ETFs correlated to EMHY include EMB, VWOB, PCY

EMHY
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM High Yield Bond ETF
EMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan USD Emerging Markets Bond ETF
VWOB
Vanguard Group, Inc. - Vanguard Emerging Markets Government Bond ETF
PCY
Invesco Capital Management LLC - Invesco Emerging Markets Sovereign Debt ETF
JPMB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan USD Emerging Markets Sovereign Bond ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
CEMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
HYEM
VanEck ETF Trust - VanEck Emerging Markets High Yield Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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Create your own algorithmic trading strategy with EMHY using Composer

FAQ

EMHY is a Global Ex. US Bonds ETF. The Fund seeks to track the investment results of the J.P. Morgan USD Emerging Markets High Yield Bond Index (the Underlying Index ), which tracks the performance of below investment-grade U.S. dollar-denominated, emerging market fixed and floating-rate debt securities issued by corporate, sovereign, and quasi-sovereign entities. Bonds are eligible for inclusion in the Underlying Index if (i) the issuer is headquartered in an emerging market country, (ii) the issue is 100% guaranteed by an entity within an emerging market economy, or (iii) 100% of the issuer s operating assets are located within emerging market economies. Corporate instruments with a current face amount outstanding of $500 million or more and with at least 2.5 years until maturity are considered for inclusion. Corporate entities must be domiciled within Africa, Asia (excluding Japan), Eastern Europe, the Middle East, or Latin America. Sovereign and quasi-sovereign instruments with a current face amount outstanding of $1 billion or more and with at least 2.5 years until maturity are considered for inclusion. Quasi-sovereign entities are defined by the Index Provider as an entity that is 100% guaranteed or 100% government owned. All eligible component securities may remain in the Underlying Index until one year before maturity.

EMHY tracks the J.P. Morgan USD Emerging Markets High Yield Bond Index.

No, EMHY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, EMHY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on EMHY is -0.0027%. This is the percent change in the value of EMHY over the most recent 1-month period. The 3-month return on EMHY is -0.0002%. This is the percent change in the value of EMHY over the most recent 3-month period.

The standard deviation of EMHY for the past year is 0.1133%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to EMHY include GVI, BLV, and BSV.

ETFs correlated to EMHY include EMB, VWOB, and PCY.

ETFs that are inversely correlated to EMHY include SJB, EFZ, and EPV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.