EMHY Outperforms, But The Risk Premium Of HY Over EM Is Decreasing

iShares J.P. Morgan EM High Yield Bond ETF is a high-yield ETF, only sovereign + corporate, which over the last years has shown a certain outperformance compared to traditional EM and global HY. All this while maintaining relatively contained volatility, which has attracted the attention of many analysts and investors. What pushed the demand for EMHY higher was a favorable economic and monetary context, which pushed the risk premium to period lows.

Seeking Alpha • Dec 2, 2025

EMHY: Emerging Markets Junk Bond ETF With Little Appeal

The iShares J.P. Morgan EM High Yield Bond ETF offers high yield and broad geographic diversification, focusing on sovereign debt and BB-rated junk bonds. EMHY outperforms other emerging market high-yield ETFs, but lags the U.S. high-yield benchmark HYG since inception. The fund has suffered significant erosion in share price and income, especially after adjusting for inflation, raising concerns for long-term investors.

Seeking Alpha • Sep 29, 2025

EMHY: Structurally Sound In Terms Of Exposure

High-yielding emerging market bonds may seem doomed amid rising global economic tensions, and the beta effect that could have. Despite global-level and credit cycle concerns, the iShares J.P. Morgan EM High Yield Bond ETF seems promising given its structure and yield. Structurally, the vehicle is exposed to EMs with improving economies and debt repayment abilities. Moreover, its top constituents have manageable interest repayment abilities.

Seeking Alpha • Jun 19, 2025

EMHY: Beats Its Peers, But Not A Good Long-Term Investment

iShares J.P. Morgan EM High Yield Bond ETF offers high yield and geographic diversification, focusing on top-tier junk bonds in emerging markets. Based on performance since 2021, EMHY is one of the best, if not the best, emerging markets high yield bond ETFs. Nonetheless, I think long-term investors should avoid EMHY due to steady price decay and inflation impacts on income.

Seeking Alpha • Mar 14, 2025

EMHY: A Solid Way To Access Emerging Market Bonds

Bonds are increasingly attractive, especially in emerging markets, with the iShares J.P. Morgan EM High Yield Bond ETF offering high yields and diversification. EMHY focuses on high-yield sovereign and corporate bonds from emerging markets, reducing currency risk for U.S. investors and offering a 7.08% SEC yield. The fund's diverse portfolio includes 664 bonds, with significant exposure to sovereign debt, industrial sectors, and various emerging economies like Turkey and Brazil.

Seeking Alpha • Nov 25, 2024

EMHY: Not A Good Entry Point

EMHY focuses on U.S. dollar-denominated high yield bonds issued by governments and corporations in emerging market countries. The fund holds a mix of sovereign and corporate bonds, with over 53% allocated to sovereign names and the rest in corporate and agency sectors. Notable holdings include Turkey, Pemex (Mexico's state-owned oil company), Brazil, and a significant exposure to Argentina.

Seeking Alpha • Dec 20, 2023

EMHY: Despite Down Nearly 25% In 2022, The Time Is Still Not Right To Buy

EMHY invests in high yield bonds in the emerging markets. Distress ratio of non-investment grade bonds was very high in the past recessions and will likely spike in the upcoming recession as well.

Seeking Alpha • Feb 23, 2023

EMHY: Not Worth The Risk

EMHY provides exposure to emerging market high yield sovereign and corporate bonds. It pays a trailing 7.0% distribution yield.

Seeking Alpha • Feb 22, 2023

EMHY: Attractive Returns With Low Downside Risk

The iShares J.P. Morgan EM High Yield Bond ETF now offers a yield of 10.7%, which is particularly attractive considering the fund's relatively low volatility compared with EM stocks. The fund should be attractive for any investors looking to generate double-digit returns but with a lower degree of risk relative to stocks.

Seeking Alpha • Nov 21, 2022

Peak Inflation May Hint At Peak Rates In Emerging Markets

Central banks across emerging markets have reacted to elevated inflation by significantly tightening monetary policy, in some cases, well ahead of the U.S. Federal Reserve and the European Central Bank. After largely synchronized rate-hiking cycles across EM, monetary policies could once again begin to diverge among individual countries.

Seeking Alpha • Nov 8, 2022