EZPW vs. HYD

Last updated Jul 14, 2026

EZPW (EZCORP, Inc.) is a stock, while HYD (VanEck High Yield Muni ETF) is Municipal Bonds fund tracking the ICE Broad High Yield Crossover Municipal Index. Over the past 10 years, EZPW returned 12.80%/yr vs 1.84%/yr for HYD. At a 0.00 correlation, their price movements are largely independent.

Performance

EZPW vs. HYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EZCORP, Inc. (EZPW) and VanEck High Yield Muni ETF (HYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EZPW achieves a 68.23% return, which is significantly higher than HYD's 2.30% return. Over the past 10 years, EZPW has outperformed HYD with an annualized return of 12.80%, while HYD has yielded a comparatively lower 1.84% annualized return.

EZPW

• 1D: -4.11%
• 1M: 4.54%
• 6M: 49.11%
• YTD: 68.23%
• 1Y: 130.23%
• 3Y*: 55.02%
• 5Y*: 40.30%
• 10Y*: 12.80%

HYD

• 1D: -0.20%
• 1M: -0.01%
• 6M: 1.92%
• YTD: 2.30%
• 1Y: 7.62%
• 3Y*: 4.26%
• 5Y*: -0.33%
• 10Y*: 1.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EZPW vs. HYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EZPW EZCORP, Inc.	68.23%	58.92%	39.82%	7.24%	10.58%	53.86%	-29.77%	-11.77%	-36.64%	14.55%
HYD VanEck High Yield Muni ETF	2.30%	2.83%	4.94%	6.52%	-15.97%	5.05%	0.17%	9.34%	2.19%	9.78%

Correlation

The correlation between EZPW and HYD is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Feb 5, 2009	0.00

The correlation between EZPW and HYD shifts across timeframes, from 0.00 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EZPW vs. HYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZPW

EZPW Risk / Return Rank: 97
EZPW Sharpe Ratio Rank: 98
EZPW Sortino Ratio Rank: 96
EZPW Omega Ratio Rank: 96
EZPW Calmar Ratio Rank: 98
EZPW Martin Ratio Rank: 98

HYD

HYD Risk / Return Rank: 75
HYD Sharpe Ratio Rank: 76
HYD Sortino Ratio Rank: 81
HYD Omega Ratio Rank: 85
HYD Calmar Ratio Rank: 60
HYD Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZPW vs. HYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EZCORP, Inc. (EZPW) and VanEck High Yield Muni ETF (HYD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EZPW	HYD	Difference
Sharpe ratio: Return per unit of total volatility	3.48	1.93	+1.55
Sortino ratio: Return per unit of downside risk	3.83	2.85	+0.97
Omega ratio: Gain probability vs. loss probability	1.53	1.40	+0.13
Calmar ratio: Return relative to maximum drawdown	8.09	2.39	+5.70
Martin ratio: Return relative to average drawdown	28.38	10.76	+17.62

EZPW vs. HYD - Sharpe Ratio Comparison

The current EZPW Sharpe Ratio is 3.48, which is higher than the HYD Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of EZPW and HYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EZPW vs. HYD - Drawdown Comparison

The maximum EZPW drawdown since its inception was -97.28%, which is greater than HYD's maximum drawdown of -35.61%. Use the drawdown chart below to compare losses from any high point for EZPW and HYD.

Drawdown Indicators

	EZPW	HYD	Difference
Max Drawdown Largest peak-to-trough decline	-97.28%	-35.61%	-61.67%
Max Drawdown (1Y) Largest decline over 1 year	-16.19%	-3.21%	-12.98%
Max Drawdown (3Y) Largest decline over 3 years	-20.51%	-7.23%	-13.28%
Max Drawdown (5Y) Largest decline over 5 years	-35.94%	-20.72%	-15.22%
Max Drawdown (10Y) Largest decline over 10 years	-76.59%	-35.61%	-40.98%
Current Drawdown Current decline from peak	-14.18%	-1.87%	-12.31%
Average Drawdown Average peak-to-trough decline	-59.00%	-4.31%	-54.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.61%	0.74%	+3.87%

Volatility

EZPW vs. HYD - Volatility Comparison

EZCORP, Inc. (EZPW) has a higher volatility of 16.81% compared to VanEck High Yield Muni ETF (HYD) at 1.07%. This indicates that EZPW's price experiences larger fluctuations and is considered to be riskier than HYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EZPW	HYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.81%	1.07%	+15.74%
Volatility (6M) Calculated over the trailing 6-month period	30.06%	3.14%	+26.92%
Volatility (1Y) Calculated over the trailing 1-year period	37.73%	3.98%	+33.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.47%	6.47%	+28.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.99%	12.61%	+26.38%

Dividends

EZPW vs. HYD - Dividend Comparison

EZPW has not paid dividends to shareholders, while HYD's dividend yield for the trailing twelve months is around 4.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EZPW EZCORP, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HYD VanEck High Yield Muni ETF	4.32%	4.29%	4.29%	4.13%	3.96%	3.50%	4.01%	4.08%	4.43%	4.29%	4.58%	4.82%

Frequently Asked Questions

Can I hold both EZPW and HYD in my portfolio?

EZPW and HYD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EZPW or HYD?

EZPW has higher volatility (16.81%) compared to HYD (1.07%). In terms of maximum drawdown, EZPW dropped -97.28% vs HYD's -35.61%.

Which has better risk-adjusted returns?

EZPW currently has the higher Sharpe Ratio (3.48 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.