Snapshot*
Top 10 Holdings
What is HYEM?
VanEck Emerging Markets High Yield Bond ETF (HYEM) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index (EMHY). The Index is comprised of U.S. dollar denominated bonds issued by non-sovereign emerging market (EM) issuers that are rated below investment grade.
ETFs related toHYEM
ETFs correlated to HYEM include EMHY, PCY, EMB
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.
Automated Strategies
Related toHYEM
Rotating Bonds
Smarter Dividends
Create your own algorithmic trading strategy with HYEM using Composer
News Related to HYEM
Pathward Financial Announces It Has Received Notice Of Deficiency From Nasdaq
May 28, 2025 • by Benzinga NewsdeskRenewable Properties Begins Construction On Three California Projects; Optus Bank Pathward And BridgePeak Energy Capital Provided Two Loans Totaling $16.3M And $19.518M Respectively
May 5, 2025 • by Benzinga NewsdeskPiper Sandler Maintains Overweight on Pathward Financial, Raises Price Target to $94
Apr 23, 2025 • by Benzinga NewsdeskPathward Financial Q2 EPS $3.11 Beats $2.74 Estimate, Sales $262.87M Beat $259.11M Estimate
Apr 22, 2025 • by Benzinga NewsdeskFAQ
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.