- CUSIP
- 092528843
- Issuer
- iShares
- Inception Date
- Feb 7, 2025
- Category
- High Yield Muni
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
HIMU Performance Chart
iShares High Yield Muni Active ETF (HIMU) is up 3.4% since the beginning of the year. HIMU is currently trading at $49 per share.
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Returns By Period
iShares High Yield Muni Active ETF (HIMU) has returned 3.39% so far this year and 7.04% over the past 12 months.
iShares High Yield Muni Active ETF
- 1D
- -0.06%
- 1M
- 2.20%
- YTD
- 3.39%
- 6M
- 3.64%
- 1Y
- 7.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HIMU Monthly Returns History
Based on dividend-adjusted daily data since Feb 10, 2025, HIMU's average daily return is +0.02%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.
Historically, 65% of months were positive and 35% were negative. The best month was Sep 2025 with a return of +3.6%, while the worst month was Mar 2026 at -2.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HIMU closed higher 54% of trading days. The best single day was Apr 10, 2025 with a return of +2.7%, while the worst single day was Apr 8, 2025 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.84% | 1.15% | -2.58% | 2.10% | 0.78% | 1.11% | 3.39% | ||||||
| 2025 | 1.02% | -2.12% | -1.19% | -0.62% | 1.32% | -1.93% | 0.85% | 3.56% | 0.68% | 0.42% | -0.37% | 1.48% |
Benchmark Metrics
iShares High Yield Muni Active ETF has an annualized alpha of 4.17%, beta of -0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 10, 2025.
- This ETF participated in 21.99% of S&P 500 Index downside but only 17.73% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.02 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.17%
- Beta
- -0.02
- R²
- 0.00
- Upside Capture
- 17.73%
- Downside Capture
- 21.99%
Expense Ratio
HIMU has an expense ratio of 0.42%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HIMU ranks 46 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares High Yield Muni Active ETF (HIMU) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HIMU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.78 | -0.64 |
| Martin ratioReturn relative to average drawdown | 6.76 | 12.44 | -5.68 |
Dividends
Dividend History
iShares High Yield Muni Active ETF provided a 5.12% dividend yield over the last twelve months, with an annual payout of $2.52 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $2.52 | $2.22 |
Dividend yield | 5.12% | 4.57% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares High Yield Muni Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.20 | $0.20 | $0.24 | $0.21 | $0.20 | $1.06 | ||||||
| 2025 | $0.12 | $0.24 | $0.21 | $0.19 | $0.21 | $0.19 | $0.20 | $0.16 | $0.23 | $0.48 | $2.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares High Yield Muni Active ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares High Yield Muni Active ETF was 8.01%, occurring on Apr 11, 2025. Recovery took 128 trading sessions.
The current iShares High Yield Muni Active ETF drawdown is 0.06%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -8.01%Apr 2025 | 1mo 8d | 6mo 7d | 7mo 15dMar 2025 - Oct 2025 |
2026 pullback2026 | -3.29%Mar 2026 | 25d | 2mo 2d | 2mo 27dMar 2026 - May 2026 |
2025 selloff2025 | -1.43%Feb 2025 | 2d | 12d | 14dFeb 2025 - Feb 2025 |
2025 pullback2025 | -0.76%Dec 2025 | 1mo 10d | 16d | 1mo 26dNov 2025 - Jan 2026 |
2026 pullback2026 | -0.65%Jan 2026 | 0s | 15d | 15dJan 2026 - Feb 2026 |
Drawdown Indicators
| HIMU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.01% | -56.78% | +48.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -9.10% | +5.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.06% | -1.80% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -10.71% | +9.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.03% | -0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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