Data as of Oct 28, 2026.
HYG vs IEMG: Differences, Returns & Fees
Over the year to Oct 28, 2026, HYG returned +1.3% to IEMG's +15.3%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $17.5bn for iShares iBoxx $ High Yield Corporate Bond ETF and $150.4bn for iShares Core MSCI Emerging Markets ETF.
Pair scorecard
IEMG costs 0.40 points a year less; their one-year returns differ by 14.0 points; IEMG is 8.6 times larger.
| Measure | HYG | IEMG |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.3% | +15.3% |
| Drawdown | ||
| Below its high | 10.1%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | Markit iBoxx USD Liquid High Yield Index | MSCI Emerging Markets Investable Market Index (IMI) |
| Cost and size | ||
| Expense ratio | 0.49% | 0.09% |
| Net assets, as of Oct 27, 2026 | $17.5bn | $150.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 32.7% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, HYG and IEMG hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
HYG and IEMG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HYG
HYG tracks an index of US high yield bonds. Over the year to Oct 28, 2026 it returned +1.3% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.49% a year.
IEMG
IEMG tracks the MSCI Emerging Markets. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,857 positions, with the top ten at 32.7%. It sat 10.1% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, HYG or IEMG?
- In the year to Oct 28, 2026, with distributions reinvested, HYG returned +1.3% and IEMG +15.3%.
- Which is cheaper, HYG or IEMG?
- IEMG is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, HYG against IEMG, data as of Oct 28, 2026. https://etfiq.com/compare/any/hyg-vs-iemg
ETFIQ. (Oct 28, 2026). HYG against IEMG. Retrieved from https://etfiq.com/compare/any/hyg-vs-iemg
[HYG against IEMG (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hyg-vs-iemg)
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