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HICOX vs. HYD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HICOX and HYD is -0.03. 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.


Performance

HICOX vs. HYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Colorado Bond Shares A Tax Exempt Fund (HICOX) and VanEck Vectors High-Yield Municipal Index ETF (HYD). The values are adjusted to include any dividend payments, if applicable.

90.00%100.00%110.00%120.00%130.00%140.00%December2025FebruaryMarchAprilMay
98.01%
132.84%
HICOX
HYD

Key characteristics

Sharpe Ratio

HICOX:

1.25

HYD:

0.11

Sortino Ratio

HICOX:

1.76

HYD:

0.24

Omega Ratio

HICOX:

1.32

HYD:

1.04

Calmar Ratio

HICOX:

1.47

HYD:

0.10

Martin Ratio

HICOX:

5.74

HYD:

0.65

Ulcer Index

HICOX:

0.94%

HYD:

1.69%

Daily Std Dev

HICOX:

4.03%

HYD:

6.60%

Max Drawdown

HICOX:

-8.07%

HYD:

-35.60%

Current Drawdown

HICOX:

-2.07%

HYD:

-8.81%

Returns By Period

In the year-to-date period, HICOX achieves a -0.33% return, which is significantly higher than HYD's -2.25% return. Over the past 10 years, HICOX has outperformed HYD with an annualized return of 4.09%, while HYD has yielded a comparatively lower 3.21% annualized return.


HICOX

YTD

-0.33%

1M

0.57%

6M

0.83%

1Y

5.01%

5Y*

4.47%

10Y*

4.09%

HYD

YTD

-2.25%

1M

2.28%

6M

-1.14%

1Y

0.69%

5Y*

2.13%

10Y*

3.21%

*Annualized

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HICOX vs. HYD - Expense Ratio Comparison

HICOX has a 0.55% expense ratio, which is higher than HYD's 0.35% expense ratio.


Risk-Adjusted Performance

HICOX vs. HYD — Risk-Adjusted Performance Rank

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

HICOX
The Risk-Adjusted Performance Rank of HICOX is 8787
Overall Rank
The Sharpe Ratio Rank of HICOX is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of HICOX is 8585
Sortino Ratio Rank
The Omega Ratio Rank of HICOX is 8989
Omega Ratio Rank
The Calmar Ratio Rank of HICOX is 9090
Calmar Ratio Rank
The Martin Ratio Rank of HICOX is 8888
Martin Ratio Rank

HYD
The Risk-Adjusted Performance Rank of HYD is 2828
Overall Rank
The Sharpe Ratio Rank of HYD is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of HYD is 2525
Sortino Ratio Rank
The Omega Ratio Rank of HYD is 2727
Omega Ratio Rank
The Calmar Ratio Rank of HYD is 2828
Calmar Ratio Rank
The Martin Ratio Rank of HYD is 3535
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HICOX vs. HYD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Colorado Bond Shares A Tax Exempt Fund (HICOX) and VanEck Vectors High-Yield Municipal Index 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.


The current HICOX Sharpe Ratio is 1.25, which is higher than the HYD Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of HICOX and HYD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
1.25
0.11
HICOX
HYD

Dividends

HICOX vs. HYD - Dividend Comparison

HICOX's dividend yield for the trailing twelve months is around 5.51%, more than HYD's 4.36% yield.


TTM20242023202220212020201920182017201620152014
HICOX
Colorado Bond Shares A Tax Exempt Fund
5.51%5.44%4.97%4.43%3.84%4.00%4.07%4.03%4.69%4.73%4.13%4.79%
HYD
VanEck Vectors High-Yield Municipal Index ETF
4.36%4.29%4.13%3.96%3.50%4.01%4.08%14.47%4.29%4.58%4.82%4.98%

Drawdowns

HICOX vs. HYD - Drawdown Comparison

The maximum HICOX drawdown since its inception was -8.07%, smaller than the maximum HYD drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for HICOX and HYD. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2025FebruaryMarchAprilMay
-2.07%
-8.81%
HICOX
HYD

Volatility

HICOX vs. HYD - Volatility Comparison

The current volatility for Colorado Bond Shares A Tax Exempt Fund (HICOX) is 2.09%, while VanEck Vectors High-Yield Municipal Index ETF (HYD) has a volatility of 2.41%. This indicates that HICOX experiences smaller price fluctuations and is considered to be less risky than HYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%December2025FebruaryMarchAprilMay
2.09%
2.41%
HICOX
HYD