VanEck Vectors High-Yield Municipal Index ETF (HYD)
HYD is a passive ETF by VanEck tracking the investment results of the Bloomberg Barclays Municipal Custom High Yield Composite Index. HYD launched on Feb 4, 2009 and has a 0.35% expense ratio.
ETF Info
| ISIN | US92189H4092 |
|---|---|
| CUSIP | 92189H409 |
| Issuer | VanEck |
| Inception Date | Feb 4, 2009 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | Bloomberg Barclays Municipal Custom High Yield Composite Index |
| Home Page | www.vaneck.com |
| Asset Class | Bond |
Expense Ratio
HYD features an expense ratio of 0.35%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: HYD vs. MUB, HYD vs. HYMB, HYD vs. VWALX, HYD vs. VWEAX, HYD vs. VWETX, HYD vs. NEAR, HYD vs. HYG, HYD vs. VTEB, HYD vs. ICVT, HYD vs. PDI
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in VanEck Vectors High-Yield Municipal Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
VanEck Vectors High-Yield Municipal Index ETF had a return of 4.92% year-to-date (YTD) and 11.59% in the last 12 months. Over the past 10 years, VanEck Vectors High-Yield Municipal Index ETF had an annualized return of 3.66%, while the S&P 500 had an annualized return of 11.43%, indicating that VanEck Vectors High-Yield Municipal Index ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.92% | 25.82% |
| 1 month | -0.43% | 3.20% |
| 6 months | 3.08% | 14.94% |
| 1 year | 11.59% | 35.92% |
| 5 years (annualized) | -0.08% | 14.22% |
| 10 years (annualized) | 3.66% | 11.43% |
Monthly Returns
The table below presents the monthly returns of HYD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.37% | 0.64% | 0.91% | -1.68% | 0.71% | 0.97% | 2.17% | -0.07% | 1.72% | -1.27% | 4.92% | ||
| 2023 | 3.74% | -2.34% | 1.69% | 0.03% | -0.48% | 0.71% | 0.11% | -0.49% | -3.04% | -2.17% | 6.04% | 2.93% | 6.52% |
| 2022 | -3.11% | -1.35% | -3.27% | -3.97% | 1.67% | -3.05% | 2.74% | -3.00% | -6.08% | -1.60% | 6.18% | -1.82% | -15.97% |
| 2021 | 2.05% | -1.67% | 1.26% | 1.17% | 1.03% | 1.05% | 0.67% | -0.28% | -1.33% | -0.34% | 0.81% | 0.59% | 5.05% |
| 2020 | 1.95% | 0.81% | -20.11% | 5.25% | 5.93% | 2.99% | 2.40% | -0.23% | -0.28% | -0.24% | 2.78% | 1.70% | 0.17% |
| 2019 | 0.79% | 0.64% | 2.08% | 0.46% | 1.56% | 0.64% | 0.42% | 2.03% | -0.36% | 0.16% | 0.47% | 0.11% | 9.35% |
| 2018 | -0.13% | -0.54% | 0.71% | 0.67% | 1.63% | 0.35% | 0.36% | 0.53% | -0.91% | -1.62% | 0.09% | 12.32% | 13.57% |
| 2017 | 1.28% | 1.49% | 0.94% | 0.67% | 1.83% | -0.27% | 0.43% | 1.88% | 0.03% | 0.04% | 0.36% | 0.72% | 9.79% |
| 2016 | 0.74% | 0.37% | 1.10% | 1.43% | 0.93% | 1.84% | 0.38% | 0.51% | -0.13% | -1.56% | -8.81% | 4.13% | 0.40% |
| 2015 | 2.37% | -0.51% | 0.56% | -0.34% | -0.36% | -2.75% | 1.72% | -0.53% | 2.36% | 1.42% | 0.00% | 1.13% | 5.07% |
| 2014 | 3.08% | 2.14% | 0.31% | 1.85% | 2.32% | -0.82% | 0.36% | 2.16% | 0.71% | 0.62% | 0.94% | 0.34% | 14.87% |
| 2013 | 1.52% | 0.39% | -0.97% | 1.24% | 0.12% | -7.05% | -1.67% | -5.01% | 3.87% | -0.07% | 0.36% | -1.36% | -8.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HYD is 60, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for VanEck Vectors High-Yield Municipal Index ETF (HYD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
VanEck Vectors High-Yield Municipal Index ETF provided a 4.24% dividend yield over the last twelve months, with an annual payout of $2.21 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.21 | $2.13 | $2.00 | $2.19 | $2.47 | $2.61 | $8.83 | $2.68 | $2.72 | $2.98 | $3.07 | $3.58 |
Dividend yield | 4.24% | 4.13% | 3.96% | 3.50% | 4.01% | 4.08% | 14.47% | 4.29% | 4.58% | 4.83% | 4.98% | 6.34% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Vectors High-Yield Municipal Index 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.19 | $0.17 | $0.19 | $0.21 | $0.19 | $0.19 | $0.19 | $0.18 | $0.17 | $0.19 | $1.87 | |
| 2023 | $0.00 | $0.18 | $0.16 | $0.19 | $0.16 | $0.17 | $0.18 | $0.18 | $0.18 | $0.20 | $0.19 | $0.34 | $2.13 |
| 2022 | $0.00 | $0.18 | $0.16 | $0.17 | $0.17 | $0.15 | $0.19 | $0.17 | $0.16 | $0.16 | $0.18 | $0.32 | $2.00 |
| 2021 | $0.00 | $0.20 | $0.18 | $0.19 | $0.18 | $0.19 | $0.17 | $0.18 | $0.19 | $0.18 | $0.18 | $0.34 | $2.19 |
| 2020 | $0.00 | $0.21 | $0.20 | $0.24 | $0.21 | $0.22 | $0.19 | $0.19 | $0.21 | $0.21 | $0.20 | $0.39 | $2.47 |
| 2019 | $0.00 | $0.22 | $0.20 | $0.22 | $0.22 | $0.23 | $0.22 | $0.22 | $0.24 | $0.22 | $0.21 | $0.42 | $2.61 |
| 2018 | $0.00 | $0.22 | $0.21 | $0.23 | $0.23 | $0.22 | $0.21 | $0.23 | $0.22 | $0.22 | $0.25 | $6.58 | $8.83 |
| 2017 | $0.00 | $0.23 | $0.21 | $0.23 | $0.22 | $0.23 | $0.22 | $0.20 | $0.22 | $0.24 | $0.23 | $0.45 | $2.68 |
| 2016 | $0.00 | $0.23 | $0.22 | $0.23 | $0.23 | $0.23 | $0.21 | $0.21 | $0.22 | $0.22 | $0.22 | $0.50 | $2.72 |
| 2015 | $0.00 | $0.26 | $0.25 | $0.27 | $0.24 | $0.25 | $0.25 | $0.26 | $0.25 | $0.25 | $0.24 | $0.47 | $2.98 |
| 2014 | $0.00 | $0.28 | $0.30 | $0.27 | $0.24 | $0.24 | $0.25 | $0.26 | $0.25 | $0.24 | $0.24 | $0.49 | $3.07 |
| 2013 | $0.28 | $0.25 | $0.29 | $0.26 | $0.28 | $0.31 | $0.30 | $0.30 | $0.27 | $0.29 | $0.75 | $3.58 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Vectors High-Yield Municipal Index 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 VanEck Vectors High-Yield Municipal Index ETF was 35.60%, occurring on Mar 18, 2020. Recovery took 298 trading sessions.
The current VanEck Vectors High-Yield Municipal Index ETF drawdown is 6.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.6% | Feb 27, 2020 | 15 | Mar 18, 2020 | 298 | May 24, 2021 | 313 |
| -20.72% | Aug 4, 2021 | 309 | Oct 24, 2022 | — | — | — |
| -15.48% | May 28, 2013 | 74 | Sep 10, 2013 | 272 | Oct 8, 2014 | 346 |
| -11.12% | Oct 26, 2010 | 58 | Jan 18, 2011 | 136 | Aug 2, 2011 | 194 |
| -10.52% | Sep 8, 2016 | 60 | Dec 1, 2016 | 168 | Aug 3, 2017 | 228 |
Volatility
Volatility Chart
The current VanEck Vectors High-Yield Municipal Index ETF volatility is 2.16%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.