VanEck International High Yield Bond ETF (IHY) Performance
IHY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.0% since Dec 31, 2025
- 1 year
- −0.3% total return
- 5 years
- +1.8% a year
- 10 years
- +3.4% a year
- Since first price
- +3.8% a year since 2012
IHY trailing returns vs AGG, TLT, SPY
| Period | IHY total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −2.1% | −2.6% | +0.9% | +1.5% | −1.0% |
| 3 months | −2.4% | −3.8% | −0.4% | −1.0% | +3.2% |
| 6 months | −2.7% | −5.5% | −1.5% | −3.8% | +7.8% |
| YTD | −2.0% | −6.2% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.3% | −6.0% | −1.1% | −6.9% | +14.4% |
| 3 years | +26.3%+8.1%/yr | +6.9% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +9.6%+1.8%/yr | −16.1% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +39.8%+3.4%/yr | −15.3% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionApr 3, 2012 | +71.5%+3.8%/yr | −19.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IHY vs AGG
From Apr 3, 2012: IHY grew to $17,150, AGG to $13,051.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IHY returns by calendar year
8 of 13 full years positive. Best 2025 (+13.4%), worst 2022 (−14.3%). 2026 is year to date.
IHY annual returns table
| Year | IHY | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −2.0% | −4.8% | −1.0% | −3.4% | +12.3% |
| 2025 | +13.4% | −4.1% | +7.2% | +4.3% | +17.7% |
| 2024 | +3.6% | −3.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +12.1% | −5.3% | +5.7% | +2.8% | +26.2% |
| 2022 | −14.3% | −23.4% | −13.0% | −31.2% | −18.2% |
| 2021 | −2.8% | −7.0% | −1.8% | −4.6% | +28.7% |
| 2020 | +8.6% | −23.9% | +7.5% | +18.2% | +18.3% |
| 2019 | +12.8% | −2.0% | +8.5% | +14.1% | +31.2% |
| 2018 | −4.5% | −7.0% | +0.1% | −1.6% | −4.6% |
| 2017 | +12.5% | −1.2% | +3.6% | +9.2% | +21.7% |
| 2016 | +11.4% | −3.8% | +2.4% | +1.2% | +12.0% |
| 2015 | −3.2% | −8.6% | +0.5% | −1.8% | +1.2% |
| 2014 | −5.1% | −12.8% | +6.0% | +27.3% | +13.5% |
| 2013 | +7.2% | −7.2% | −2.0% | −13.4% | +32.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IHY largest drawdowns
Now 4.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 9, 2021 | −27.6% | Oct 14, 2022 | Apr 25, 2025 | 1.3 years | 3.9 years |
| Jan 21, 2020 | −23.9% | Mar 23, 2020 | Jul 27, 2020 | 2 months | 6 months |
| Jul 9, 2014 | −15.3% | Jan 20, 2016 | Jan 27, 2017 | 1.5 years | 2.6 years |
| Apr 4, 2012 | −9.0% | Jun 5, 2012 | Aug 22, 2012 | 2 months | 5 months |
| May 8, 2013 | −7.2% | Jun 24, 2013 | Oct 17, 2013 | 47 days | 5 months |
| Feb 1, 2018 | −7.0% | Dec 11, 2018 | Jun 11, 2019 | 10 months | 1.4 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
IHY risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +8.2% | +1.9% | +3.4% | +4.0% |
| Volatility (annualized) | 6.1% | 9.0% | 8.9% | 8.8% |
| Sharpe ratio | 0.61 | -0.15 | 0.17 | 0.32 |
| Sortino ratio | 1.03 | -0.20 | 0.22 | 0.44 |
| Best month | +4.8% | +8.1% | +8.1% | +8.1% |
| Worst month | −3.2% | −7.5% | −13.3% | −13.3% |
| Best 12 months | +16.8% | +16.8% | +26.2% | +26.2% |
| Worst 12 months | +0.4% | −24.2% | −24.2% | −24.2% |
| Positive months | 67% | 58% | 61% | 60% |
| Beta vs S&P 500 | 0.29 | 0.42 | 0.42 | — |
| Correlation with S&P 500 | 0.59 | 0.73 | 0.72 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IHY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 163 | −24.2% | +7.1% | +26.2% | 74% |
| 3-year (a year) | 139 | −5.3% | +3.8% | +13.1% | 77% |
| 5-year (a year) | 115 | −2.5% | +2.6% | +8.1% | 92% |
| 10-year (a year) | 55 | +1.4% | +2.9% | +5.1% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
IHY performance overview
VanEck International High Yield Bond ETF (IHY) returned −0.3% over the past year and +3.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +3.8% a year, turning $10,000 into about $17,150. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −27.6%, from Jun 9, 2021 to Oct 14, 2022, and it took 2.5 years to get back to the old high. IHY finished 8 of its 13 full calendar years with a gain; the best year was 2025 (+13.4%) and the worst 2022 (−14.3%). Volatility has been 8.8% a year.
Related: IHY chart, IHY dividends, IHY bond profile. See the IHY overview for the latest quote and fund facts.
IHY performance FAQ
What is the IHY return over the past year?
IHY returned −0.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.0%.
What is the average annual return of IHY?
IHY has returned +1.8% a year over 5 years, +3.4% a year over 10 years, +3.8% a year since April 3, 2012 (total return, distributions reinvested).
How much would $10,000 invested in IHY be worth?
$10,000 invested in IHY at its first recorded close on April 3, 2012 would be worth about $17,150 on October 23, 2026 with distributions reinvested.
What was the worst year for IHY?
The worst calendar year was 2022, with a total return of −14.3%. The best was 2025 at +13.4%.
What is the biggest drawdown of IHY?
The largest peak-to-trough decline was −27.6% between June 9, 2021 and October 14, 2022. It recovered to the old high on April 25, 2025, 2.5 years after the bottom.
How volatile is IHY?
Over the past 3 years IHY had an annualized volatility of 6.1% and a Sharpe ratio of 0.61 (excess return over 1–3 month T-bills per unit of risk).