VanEck Short High Yield Muni ETF (SHYD)
SHYD is a passive ETF by VanEck tracking the investment results of the Bloomberg Municipal High Yield Short Duration. SHYD launched on Jan 13, 2014 and has a 0.35% expense ratio.
ETF Info
| ISIN | US92189F3872 |
|---|---|
| CUSIP | 92189F387 |
| Issuer | VanEck |
| Inception Date | Jan 13, 2014 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | Bloomberg Municipal High Yield Short Duration |
| Asset Class | Bond |
Expense Ratio
SHYD 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: SHYD vs. FLMI, SHYD vs. SGOV, SHYD vs. MUST, SHYD vs. FLRT, SHYD vs. FLHY, SHYD vs. BKLN, SHYD vs. QQQ, SHYD vs. MUB, SHYD vs. FTABX, SHYD vs. MEAR
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in VanEck Short High Yield Muni 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 Short High Yield Muni ETF had a return of 5.02% year-to-date (YTD) and 8.61% in the last 12 months. Over the past 10 years, VanEck Short High Yield Muni ETF had an annualized return of 1.85%, while the S&P 500 had an annualized return of 11.41%, indicating that VanEck Short High Yield Muni ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.02% | 25.70% |
| 1 month | 0.13% | 3.51% |
| 6 months | 2.76% | 14.80% |
| 1 year | 8.61% | 37.91% |
| 5 years (annualized) | 0.91% | 14.18% |
| 10 years (annualized) | 1.85% | 11.41% |
Monthly Returns
The table below presents the monthly returns of SHYD, 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 | -0.00% | 1.34% | 0.42% | -0.29% | -0.54% | 1.45% | 0.46% | 0.90% | 1.02% | -0.10% | 5.02% | ||
| 2023 | 1.03% | -0.50% | -0.02% | 1.32% | -0.76% | 0.25% | -0.35% | 0.13% | -2.11% | -0.44% | 1.94% | 1.95% | 2.39% |
| 2022 | -3.18% | -0.60% | -3.55% | -2.42% | 2.04% | -2.39% | 3.08% | -1.64% | -3.77% | -0.41% | 3.56% | 0.13% | -9.11% |
| 2021 | 2.16% | -1.39% | 0.68% | 0.82% | 0.58% | 0.98% | 0.78% | -0.38% | -1.17% | -0.32% | 0.56% | 0.74% | 4.05% |
| 2020 | 1.59% | 0.43% | -12.01% | -1.67% | 4.89% | 3.48% | 2.53% | 0.32% | 0.27% | -0.85% | 2.56% | 1.09% | 1.57% |
| 2019 | 1.03% | 0.28% | 1.25% | 0.28% | 1.48% | 0.42% | 0.51% | 1.36% | -0.47% | 0.26% | 0.34% | 0.57% | 7.56% |
| 2018 | -0.12% | 0.56% | 0.17% | 0.32% | 1.01% | 0.72% | 0.46% | -0.07% | -0.46% | -0.80% | 0.87% | 0.61% | 3.27% |
| 2017 | 0.50% | 0.09% | 0.85% | 0.89% | 1.05% | -0.02% | 0.65% | 1.07% | -0.21% | 0.18% | -0.39% | 0.15% | 4.89% |
| 2016 | 1.43% | 1.10% | 0.39% | 0.69% | 0.27% | 1.14% | 0.15% | -0.15% | -0.18% | -0.53% | -6.57% | 2.34% | -0.21% |
| 2015 | 1.21% | -0.33% | -0.84% | 0.48% | -0.24% | -1.09% | -0.18% | -0.04% | 0.48% | 0.52% | -0.20% | -0.61% | -0.86% |
| 2014 | 0.09% | 1.19% | -0.27% | 0.10% | 1.17% | -0.22% | -0.74% | 0.89% | 0.41% | 0.72% | 0.22% | 0.91% | 4.55% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SHYD is 52, 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 Short High Yield Muni ETF (SHYD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
VanEck Short High Yield Muni ETF provided a 3.09% dividend yield over the last twelve months, with an annual payout of $0.70 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.66 | $0.59 | $0.65 | $0.76 | $0.81 | $0.77 | $0.75 | $0.71 | $0.80 | $0.74 |
Dividend yield | 3.09% | 2.99% | 2.67% | 2.57% | 3.06% | 3.20% | 3.19% | 3.11% | 2.97% | 3.26% | 2.91% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Short High Yield Muni 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 | $0.06 | $0.05 | $0.07 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.59 | |
| 2023 | $0.00 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.07 | $0.11 | $0.66 |
| 2022 | $0.00 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.59 |
| 2021 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.65 |
| 2020 | $0.00 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.13 | $0.76 |
| 2019 | $0.00 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.14 | $0.81 |
| 2018 | $0.00 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.14 | $0.77 |
| 2017 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.13 | $0.75 |
| 2016 | $0.00 | $0.07 | $0.07 | $0.07 | $0.05 | $0.07 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.12 | $0.71 |
| 2015 | $0.00 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.13 | $0.80 |
| 2014 | $0.09 | $0.07 | $0.07 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.13 | $0.74 |
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 Short High Yield Muni 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 Short High Yield Muni ETF was 31.22%, occurring on Mar 19, 2020. Recovery took 210 trading sessions.
The current VanEck Short High Yield Muni ETF drawdown is 2.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.22% | Feb 28, 2020 | 15 | Mar 19, 2020 | 210 | Jan 19, 2021 | 225 |
| -13.31% | Aug 5, 2021 | 317 | Nov 4, 2022 | — | — | — |
| -7.97% | Aug 25, 2016 | 69 | Dec 1, 2016 | 190 | Sep 5, 2017 | 259 |
| -4.24% | Feb 5, 2015 | 140 | Aug 25, 2015 | 133 | Mar 7, 2016 | 273 |
| -2.01% | Jun 26, 2014 | 6 | Jul 3, 2014 | 56 | Sep 23, 2014 | 62 |
Volatility
Volatility Chart
The current VanEck Short High Yield Muni ETF volatility is 1.45%, 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.