VanEck Short Muni ETF (SMB)
SMB is a passive ETF by VanEck tracking the investment results of the Bloomberg AMT-Free Short Continuous. SMB launched on Feb 22, 2008 and has a 0.20% expense ratio.
ETF Info
| ISIN | US92189F5281 |
|---|---|
| CUSIP | 92189F528 |
| Issuer | VanEck |
| Inception Date | Feb 22, 2008 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | Bloomberg AMT-Free Short Continuous |
| Asset Class | Bond |
Expense Ratio
SMB has an expense ratio of 0.20%, which is considered low compared to other funds.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SMB vs. SUB, SMB vs. VTI, SMB vs. MUB, SMB vs. ITB, SMB vs. VUAG.L, SMB vs. QQQ, SMB vs. FTABX, SMB vs. VTEB, SMB vs. HYD, SMB vs. VTES
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in VanEck Short 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 Muni ETF had a return of 2.23% year-to-date (YTD) and 3.92% in the last 12 months. Over the past 10 years, VanEck Short Muni ETF had an annualized return of 1.17%, while the S&P 500 had an annualized return of 11.39%, indicating that VanEck Short Muni ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.23% | 25.45% |
| 1 month | -0.34% | 2.91% |
| 6 months | 1.99% | 14.05% |
| 1 year | 3.92% | 35.64% |
| 5 years (annualized) | 0.95% | 14.13% |
| 10 years (annualized) | 1.17% | 11.39% |
Monthly Returns
The table below presents the monthly returns of SMB, 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 | 0.12% | -0.05% | -0.12% | -0.09% | -0.21% | 0.77% | 0.93% | 0.89% | 0.49% | -0.50% | 2.23% | ||
| 2023 | 0.95% | -1.51% | 1.55% | -0.59% | -0.40% | 0.48% | 0.23% | -0.12% | -0.50% | -0.05% | 2.41% | 0.72% | 3.15% |
| 2022 | -2.17% | -0.09% | -2.13% | -1.50% | 1.77% | 0.04% | 0.53% | -1.42% | -1.52% | -0.61% | 1.95% | 0.67% | -4.50% |
| 2021 | 0.44% | -1.00% | 0.30% | 0.38% | 0.04% | 0.07% | 0.28% | -0.07% | -0.30% | -0.26% | 0.07% | 0.16% | 0.12% |
| 2020 | 0.76% | 0.07% | -2.90% | 1.35% | 2.21% | 0.45% | 0.62% | 0.14% | -0.15% | -0.03% | 0.35% | 0.48% | 3.33% |
| 2019 | 0.69% | 0.54% | 0.53% | -0.03% | 0.87% | 0.33% | 0.66% | 0.37% | -0.62% | 0.61% | 0.24% | 0.25% | 4.52% |
| 2018 | 0.35% | -0.23% | -0.01% | -0.70% | 0.88% | 0.42% | 0.48% | -0.22% | -0.39% | 0.12% | 0.54% | 0.62% | 1.86% |
| 2017 | 0.87% | 0.35% | 0.12% | 0.33% | 0.67% | -0.57% | 0.79% | 0.39% | -0.52% | 0.10% | -1.21% | -0.13% | 1.17% |
| 2016 | 0.34% | 0.61% | -0.25% | 0.46% | -0.16% | 0.61% | 0.37% | 0.03% | -0.52% | -0.20% | -3.09% | 1.36% | -0.50% |
| 2015 | 0.86% | -0.19% | -0.37% | -0.36% | -0.42% | 0.04% | 1.10% | -0.56% | 0.44% | 0.38% | -0.20% | 0.38% | 1.10% |
| 2014 | 0.00% | 0.86% | -0.57% | -0.01% | 0.29% | 0.03% | 0.15% | 0.56% | -0.07% | 0.03% | -0.07% | -0.22% | 0.98% |
| 2013 | 0.74% | -0.00% | 0.22% | 0.28% | -0.84% | -0.85% | 0.51% | -1.32% | 1.21% | 0.34% | -0.04% | 0.58% | 0.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SMB is 56, 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 Muni ETF (SMB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
VanEck Short Muni ETF provided a 2.30% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.31 | $0.22 | $0.22 | $0.27 | $0.28 | $0.26 | $0.21 | $0.20 | $0.20 | $0.21 | $0.24 |
Dividend yield | 2.30% | 1.84% | 1.32% | 1.25% | 1.51% | 1.58% | 1.49% | 1.24% | 1.13% | 1.14% | 1.21% | 1.37% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Short 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 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.34 | |
| 2023 | $0.00 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.31 |
| 2022 | $0.00 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.22 |
| 2021 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.06 | $0.22 |
| 2020 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.04 | $0.27 |
| 2019 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.28 |
| 2018 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.26 |
| 2017 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.21 |
| 2016 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.20 |
| 2015 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.20 |
| 2014 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.21 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.24 |
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 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 Muni ETF was 12.64%, occurring on Mar 19, 2020. Recovery took 57 trading sessions.
The current VanEck Short Muni ETF drawdown is 0.54%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.64% | Mar 10, 2020 | 8 | Mar 19, 2020 | 57 | Jun 10, 2020 | 65 |
| -7.48% | Jul 29, 2021 | 314 | Oct 25, 2022 | 456 | Aug 20, 2024 | 770 |
| -5.58% | Sep 12, 2008 | 58 | Dec 16, 2008 | 12 | Jan 6, 2009 | 70 |
| -4.1% | Aug 27, 2010 | 103 | Jan 24, 2011 | 79 | May 17, 2011 | 182 |
| -4.1% | Aug 3, 2016 | 85 | Dec 1, 2016 | 169 | Aug 4, 2017 | 254 |
Volatility
Volatility Chart
The current VanEck Short Muni ETF volatility is 0.64%, 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.