VanEck Short Muni ETF (SMB)

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VanEck Short Muni ETF (SMB) is up 0.8% since the beginning of the year. SMB is currently trading at $17 per share. Investors who bought $1,000 worth of SMB shares 5 years ago would now be looking at an investment worth $1,064.

VanEck Short Muni ETF (SMB) has returned 0.79% so far this year and 3.44% over the past 12 months. Over the last ten years, SMB has returned 1.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Feb 28, 2008, SMB's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, an investment would double in approximately 34.0 years.

Historically, 62% of months were positive and 38% were negative. The best month was Jan 2009 with a return of +3.2%, while the worst month was Nov 2016 at -3.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SMB closed higher 47% of trading days. The best single day was Mar 20, 2020 with a return of +5.3%, while the worst single day was Mar 18, 2020 at -6.9%.

VanEck Short Muni ETF has an annualized alpha of 1.93%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since February 28, 2008.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (6.67%) than losses (0.72%) - typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SMB has an expense ratio of 0.20%, which is considered low.

SMB ranks 65 for risk / return — better than 65% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

VanEck Short Muni ETF provided a 2.69% dividend yield over the last twelve months, with an annual payout of $0.47 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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.

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 0.02%.

The chart below shows the rolling one-month volatility.