HTAX vs. HYMU

Last updated Jun 5, 2026

HTAX (Nomura National High-Yield Municipal Bond ETF) and HYMU (BlackRock High Yield Muni Income Bond ETF) are both High Yield Muni funds. Both are actively managed. HTAX charges 0.49%/yr vs 0.35%/yr for HYMU.

Performance

HTAX vs. HYMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nomura National High-Yield Municipal Bond ETF (HTAX) and BlackRock High Yield Muni Income Bond ETF (HYMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HTAX

• 1D: 0.19%
• 1M: 1.53%
• YTD: 3.80%
• 6M: 4.06%
• 1Y: 8.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYMU

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HTAX vs. HYMU - Yearly Performance Comparison

	2026 (YTD)
HTAX Nomura National High-Yield Municipal Bond ETF	0.84%
HYMU BlackRock High Yield Muni Income Bond ETF	0.00%

Return for Risk

HTAX vs. HYMU — Risk / Return Rank

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

HTAX

HTAX Risk / Return Rank: 59
HTAX Sharpe Ratio Rank: 58
HTAX Sortino Ratio Rank: 62
HTAX Omega Ratio Rank: 64
HTAX Calmar Ratio Rank: 59
HTAX Martin Ratio Rank: 52

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.

HTAX vs. HYMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura National High-Yield Municipal Bond ETF (HTAX) and BlackRock High Yield Muni Income Bond ETF (HYMU). 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.

	HTAX	HYMU	Difference
Sharpe ratio: Return per unit of total volatility	1.93	—	—
Sortino ratio: Return per unit of downside risk	2.85	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.88	—	—
Martin ratio: Return relative to average drawdown	8.78	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HTAX	HYMU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	—	—

Drawdowns

HTAX vs. HYMU - Drawdown Comparison

The maximum HTAX drawdown since its inception was -6.10%, which is greater than HYMU's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for HTAX and HYMU.

Drawdown Indicators

	HTAX	HYMU	Difference
Max Drawdown Largest peak-to-trough decline	-6.10%	0.00%	-6.10%
Max Drawdown (1Y) Largest decline over 1 year	-3.14%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.77%	0.00%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	—	—

Volatility

Volatility by Period

	HTAX	HYMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.71%	0.00%	+4.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.47%	0.00%	+6.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.47%	0.00%	+6.47%

HTAX vs. HYMU - Expense Ratio Comparison

HTAX has a 0.49% expense ratio, which is higher than HYMU's 0.35% expense ratio.

Dividends

HTAX vs. HYMU - Dividend Comparison

HTAX's dividend yield for the trailing twelve months is around 4.46%, while HYMU has not paid dividends to shareholders.

Position	TTM	2025
HTAX Nomura National High-Yield Municipal Bond ETF	4.46%	3.67%
HYMU BlackRock High Yield Muni Income Bond ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HTAX or HYMU?

On fees, HYMU is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HTAX or HYMU?

HYMU is cheaper with a 0.35% expense ratio, compared with 0.49% for HTAX.

Which ETF pays a higher dividend yield, HTAX or HYMU?

HTAX has the higher dividend yield at 4.46%, compared with 0.00% for HYMU.

What is the main difference between HTAX and HYMU?

They also come from different issuers: Nomura and BlackRock. Their fees differ too: 0.49% for HTAX and 0.35% for HYMU.