Correlation
The correlation between DHMBX and SHYTX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
DHMBX vs. SHYTX
Compare and contrast key facts about BNY Mellon High Yield Municipal Bond Fund (DHMBX) and DWS Strategic High Yield Tax (SHYTX).
DHMBX is managed by BNY Mellon. It was launched on Sep 29, 2005. SHYTX is managed by DWS. It was launched on Jan 21, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHMBX or SHYTX.
Performance
DHMBX vs. SHYTX - Performance Comparison
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Key characteristics
DHMBX:
0.00
SHYTX:
0.75
DHMBX:
-0.02
SHYTX:
0.93
DHMBX:
1.00
SHYTX:
1.16
DHMBX:
-0.03
SHYTX:
0.74
DHMBX:
-0.15
SHYTX:
2.49
DHMBX:
3.06%
SHYTX:
1.87%
DHMBX:
8.23%
SHYTX:
6.72%
DHMBX:
-27.66%
SHYTX:
-27.13%
DHMBX:
-11.18%
SHYTX:
-3.67%
Returns By Period
In the year-to-date period, DHMBX achieves a -4.26% return, which is significantly lower than SHYTX's -1.87% return. Over the past 10 years, DHMBX has underperformed SHYTX with an annualized return of 2.67%, while SHYTX has yielded a comparatively higher 2.85% annualized return.
DHMBX
-4.26%
-1.15%
-6.35%
0.00%
0.12%
1.20%
2.67%
SHYTX
-1.87%
-0.87%
-3.23%
5.04%
3.39%
3.05%
2.85%
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DHMBX vs. SHYTX - Expense Ratio Comparison
DHMBX has a 0.69% expense ratio, which is higher than SHYTX's 0.59% expense ratio.
Risk-Adjusted Performance
DHMBX vs. SHYTX — Risk-Adjusted Performance Rank
DHMBX
SHYTX
DHMBX vs. SHYTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Municipal Bond Fund (DHMBX) and DWS Strategic High Yield Tax (SHYTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
DHMBX vs. SHYTX - Dividend Comparison
DHMBX's dividend yield for the trailing twelve months is around 4.14%, less than SHYTX's 6.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHMBX BNY Mellon High Yield Municipal Bond Fund | 4.14% | 3.91% | 3.79% | 3.69% | 2.98% | 3.45% | 3.62% | 4.15% | 3.65% | 4.98% | 4.52% | 4.57% |
SHYTX DWS Strategic High Yield Tax | 6.91% | 6.49% | 4.91% | 5.32% | 3.46% | 4.68% | 4.26% | 4.05% | 3.98% | 4.49% | 4.72% | 4.76% |
Drawdowns
DHMBX vs. SHYTX - Drawdown Comparison
The maximum DHMBX drawdown since its inception was -27.66%, roughly equal to the maximum SHYTX drawdown of -27.13%. Use the drawdown chart below to compare losses from any high point for DHMBX and SHYTX.
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Volatility
DHMBX vs. SHYTX - Volatility Comparison
BNY Mellon High Yield Municipal Bond Fund (DHMBX) has a higher volatility of 1.18% compared to DWS Strategic High Yield Tax (SHYTX) at 0.95%. This indicates that DHMBX's price experiences larger fluctuations and is considered to be riskier than SHYTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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