VanEck Vectors High-Yield Municipal Index ETF (HYD) Sharpe Ratio: 1.53

HYD's Sharpe Ratio of 1.53 indicates that for each unit of volatility, it generates 1.53 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 12, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

HYD Sharpe Ratio Rank

Below Average

HYD ranks above 32.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Returns may not adequately compensate for volatility taken
Consider smaller allocation given below-average risk-adjusted profile
Explore higher-ranked investments with better consistency
Assess whether the volatility profile aligns with your portfolio goals

HYD Sharpe Ratio Market Positioning

The chart shows HYD's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 1.24 or lower
Yellow zone (middle 50%): 1.24 to 2.70
Green zone (top 25%): 2.70 or higher
Top 1%: 7.15+
Median: 2.07 — half of all investments score higher

How it compares to other similar ETFs

The table compares VanEck Vectors High-Yield Municipal Index ETF's Sharpe Ratio with other ETFs in the Municipal Bonds category across multiple time periods, showing how HYD's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 12, 2026.

Symbol	Name	1Y Sharpe Ratio
SMMU	PIMCO Short Term Municipal Bond Active ETF	4.56
STAX	Macquarie Tax-Free USA Short Term ETF	4.34
MEAR	iShares Short Maturity Municipal Bond ETF	4.00
SUB	iShares Short-Term National Muni Bond ETF	3.85
CALI	iShares Short-Term California Muni Active ETF	3.71
CGSM	Capital Group Short Duration Municipal Income ETF	3.63
VSDM	Vanguard Short Duration Tax-Exempt Bond ETF	3.61
IBMQ	iShares iBonds Dec 2028 Term Muni Bond ETF	3.45
FUMB	First Trust Ultra Short Duration Municipal ETF	3.41
VTES	Vanguard Short-Term Tax-Exempt Bond ETF Shares	3.34
HYD	VanEck Vectors High-Yield Municipal Index ETF	1.53

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

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Historical Sharpe Ratio

The chart shows HYD's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HYD consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore HYD risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

HYD Sortino Ratio