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VanEck Short High Yield Muni ETF (SHYD)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS92189F3872
CUSIP92189F387
IssuerVanEck
Inception DateJan 13, 2014
RegionNorth America (U.S.)
CategoryMunicipal Bonds
Index TrackedBloomberg Municipal High Yield Short Duration
Asset ClassBond

Expense Ratio

SHYD has a high expense ratio of 0.35%, indicating higher-than-average management fees.


Expense ratio chart for SHYD: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

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.


VanEck Short High Yield Muni ETF

Popular comparisons: SHYD vs. FLMI, SHYD vs. BKLN, SHYD vs. FLHY, SHYD vs. QQQ, SHYD vs. SGOV, SHYD vs. FLRT

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.


0.00%50.00%100.00%150.00%200.00%December2024FebruaryMarchAprilMay
21.07%
184.01%
SHYD (VanEck Short High Yield Muni ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

VanEck Short High Yield Muni ETF had a return of 2.20% year-to-date (YTD) and 4.06% in the last 12 months. Over the past 10 years, VanEck Short High Yield Muni ETF had an annualized return of 1.75%, while the S&P 500 had an annualized return of 10.67%, indicating that VanEck Short High Yield Muni ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date2.20%9.49%
1 month1.67%1.20%
6 months6.68%18.29%
1 year4.06%26.44%
5 years (annualized)0.88%12.64%
10 years (annualized)1.75%10.67%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.00%1.34%0.42%-0.28%2.20%
20231.03%-0.50%-0.02%1.32%-0.76%0.25%-0.35%0.13%-2.10%-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%0.12%-9.11%
20212.16%-1.39%0.68%0.82%0.58%0.98%0.78%-0.38%-1.18%-0.33%0.56%0.74%4.04%
20201.59%0.43%-12.01%-1.67%4.89%3.48%2.53%0.32%0.27%-0.85%2.56%1.08%1.56%
20191.03%0.28%1.25%0.28%1.48%0.43%0.51%1.36%-0.47%0.26%0.34%0.57%7.55%
2018-0.12%0.56%0.16%0.31%1.01%0.72%0.46%-0.07%-0.46%-0.80%0.87%0.60%3.26%
20170.50%0.09%0.85%0.89%1.05%-0.02%0.65%1.07%-0.21%0.17%-0.39%0.15%4.89%
20161.43%1.10%0.39%0.69%0.27%1.14%0.15%-0.15%-0.18%-0.53%-6.57%2.34%-0.21%
20151.21%-0.33%-0.84%0.48%-0.24%-1.09%-0.18%-0.04%0.48%0.52%-0.20%-0.61%-0.86%
20140.09%1.19%-0.27%0.10%1.17%-0.22%-0.74%0.89%0.41%0.72%0.22%0.91%4.54%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of SHYD is 32, 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.


The Risk-Adjusted Performance Rank of SHYD is 3232
SHYD (VanEck Short High Yield Muni ETF)
The Sharpe Ratio Rank of SHYD is 3333Sharpe Ratio Rank
The Sortino Ratio Rank of SHYD is 3030Sortino Ratio Rank
The Omega Ratio Rank of SHYD is 3131Omega Ratio Rank
The Calmar Ratio Rank of SHYD is 3030Calmar Ratio Rank
The Martin Ratio Rank of SHYD is 3838Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


SHYD
Sharpe ratio
The chart of Sharpe ratio for SHYD, currently valued at 0.68, compared to the broader market0.002.004.000.68
Sortino ratio
The chart of Sortino ratio for SHYD, currently valued at 0.99, compared to the broader market-2.000.002.004.006.008.0010.000.99
Omega ratio
The chart of Omega ratio for SHYD, currently valued at 1.12, compared to the broader market0.501.001.502.002.501.12
Calmar ratio
The chart of Calmar ratio for SHYD, currently valued at 0.34, compared to the broader market0.002.004.006.008.0010.0012.0014.000.34
Martin ratio
The chart of Martin ratio for SHYD, currently valued at 2.61, compared to the broader market0.0020.0040.0060.0080.002.61
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.27, compared to the broader market0.002.004.002.27
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.22, compared to the broader market-2.000.002.004.006.008.0010.003.22
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.39, compared to the broader market0.501.001.502.002.501.39
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.83, compared to the broader market0.002.004.006.008.0010.0012.0014.001.83
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.69, compared to the broader market0.0020.0040.0060.0080.008.69

Sharpe Ratio

The current VanEck Short High Yield Muni ETF Sharpe ratio is 0.68. This value is calculated based on the past 12 months of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of VanEck Short High Yield Muni ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2024FebruaryMarchAprilMay
0.68
2.27
SHYD (VanEck Short High Yield Muni ETF)
Benchmark (^GSPC)

Dividends

Dividend History

VanEck Short High Yield Muni ETF granted a 3.04% dividend yield in the last twelve months. The annual payout for that period amounted to $0.68 per share.


PeriodTTM2023202220212020201920182017201620152014
Dividend$0.68$0.66$0.59$0.64$0.76$0.81$0.77$0.75$0.71$0.80$0.74

Dividend yield

3.04%2.99%2.66%2.56%3.05%3.19%3.17%3.11%2.97%3.26%2.90%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.06$0.05$0.07$0.05$0.22
2023$0.00$0.05$0.05$0.06$0.05$0.06$0.05$0.06$0.06$0.06$0.06$0.11$0.66
2022$0.00$0.04$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$0.64
2020$0.00$0.06$0.06$0.07$0.06$0.07$0.06$0.06$0.06$0.06$0.06$0.13$0.76
2019$0.00$0.06$0.06$0.07$0.06$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$0.06$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$0.06$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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2024FebruaryMarchAprilMay
-5.48%
-0.60%
SHYD (VanEck Short High Yield Muni ETF)
Benchmark (^GSPC)

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 5.48%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-31.22%Feb 28, 202015Mar 19, 2020210Jan 19, 2021225
-13.32%Aug 10, 2021314Nov 4, 2022
-7.97%Aug 25, 201669Dec 1, 2016190Sep 5, 2017259
-4.24%Feb 5, 2015140Aug 25, 2015133Mar 7, 2016273
-2.01%Jun 26, 20146Jul 3, 201456Sep 23, 201462

Volatility

Volatility Chart

The current VanEck Short High Yield Muni ETF volatility is 0.90%, 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.


1.00%2.00%3.00%4.00%5.00%December2024FebruaryMarchAprilMay
0.90%
3.93%
SHYD (VanEck Short High Yield Muni ETF)
Benchmark (^GSPC)