VanEck Short High Yield Muni ETF (SHYD) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SHYD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SHYD
SHYD charges 0.35% annually. There are 97 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.03% | 45.70B | Aug 2015 | SHYD vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.87B | Oct 2022 | SHYD vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 178.36M | Jul 2019 | SHYD vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 144.40M | Aug 2025 | SHYD vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 94.44M | Aug 2025 | SHYD vs TAXS |
Best Risk-Adjusted Alternatives to SHYD
SHYD has a PortfoliosLab risk / return rank of 53. There are 101 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 9.88M | Sep 2024 | SHYD vs MYMG | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | SHYD vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.38B | Mar 2015 | SHYD vs MEAR | |
| First Trust Ultra Short Duration Municipal ETF | 95 | 230.57M | Nov 2018 | SHYD vs FUMB | |
| Invesco BulletShares 2027 Municipal Bond ETF | 94 | 339.63M | Sep 2019 | SHYD vs BSMR |
Top Performing SHYD Alternatives (YTD)
SHYD is at 0.74% YTD. There are 110 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 3.96% | 30.60M | Sep 2019 | SHYD vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.71% | 138.42M | Jun 2013 | SHYD vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.33% | 18.90M | Sep 2016 | SHYD vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.33% | 25.30M | Nov 2025 | SHYD vs THYM | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | 2.87% | 2.93B | Apr 2011 | SHYD vs HYMB |
Lowest Volatility Alternatives to SHYD
SHYD has 3.00% 1-year volatility. There are 88 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 349.85M | Mar 2018 | SHYD vs IBMM | |
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 27.03M | Sep 2025 | SHYD vs ZMUN | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | 0.71% | 348.98M | Nov 2018 | SHYD vs IBMN | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | SHYD vs AUSM | |
| State Street My2026 Municipal Bond ETF | 0.75% | 8.74M | Sep 2024 | SHYD vs MYMF |
Lowest Drawdown Alternatives to SHYD
SHYD has a 1-year max drawdown of -2.17%. There are 37 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 230.57M | Nov 2018 | SHYD vs FUMB | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | -0.25% | 348.98M | Nov 2018 | SHYD vs IBMN | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 294.75M | Sep 2019 | SHYD vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | SHYD vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 40.29M | Jul 2024 | SHYD vs GUMI |
Other ETFs from VanEck
The 10 most viewed VanEck ETFs shown here include SMH, GDX, NLR and span 10 categories. AUM among these funds goes as high as $68B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | Semiconductors, Technology Equities | 96 | 77.13% | 67.82B | Dec 2011 | SHYD vs SMH | |
| VanEck Gold Miners ETF | Gold, Precious Metals | 35 | -0.90% | 27.13B | May 2006 | SHYD vs GDX | |
| VanEck Uranium and Nuclear ETF | Alternative Energy Equities | 25 | 6.14% | 4.87B | Aug 2007 | SHYD vs NLR | |
| VanEck Junior Gold Miners ETF | Gold, Precious Metals, Materials | 35 | -2.55% | 8.65B | Nov 2009 | SHYD vs GDXJ | |
| VanEck Morningstar Wide Moat ETF | Large Cap Blend Equities | 27 | -0.94% | 11.84B | Apr 2012 | SHYD vs MOAT | |
| VanEck Fabless Semiconductor ETF | Semiconductors, Technology Equities | 93 | 78.44% | 271.12M | Aug 2024 | SHYD vs SMHX | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | Materials | 87 | 33.01% | 3.01B | Oct 2010 | SHYD vs REMX | |
| VanEck BDC Income ETF | Financials Equities | 3 | -8.99% | 1.57B | Feb 2013 | SHYD vs BIZD | |
| VanEck Bitcoin Trust | Cryptocurrency | 2 | -25.27% | 1.22B | Jan 2024 | SHYD vs HODL | |
| VanEck Vectors Investment Grade Floating Rate ETF | Corporate Bonds | 99 | 1.91% | 2.75B | Apr 2011 | SHYD vs FLTR |
Often Compared With SHYD
Investors most often compare SHYD with SGOV, MUST, FLMI. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare SHYD with Any Fund or Stock
Compare SHYD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SHYD with funds that move differently
VanEck Short High Yield Muni ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SHYD.
Explore SHYD Diversifiers