HYD vs. HYMB
Compare and contrast key facts about VanEck Vectors High-Yield Municipal Index ETF (HYD) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
HYD and HYMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYD is a passively managed fund by VanEck that tracks the performance of the Bloomberg Barclays Municipal Custom High Yield Composite Index. It was launched on Feb 4, 2009. HYMB is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Yield. It was launched on Apr 13, 2011. Both HYD and HYMB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYD or HYMB.
Correlation
The correlation between HYD and HYMB is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HYD vs. HYMB - Performance Comparison
Key characteristics
HYD:
0.23
HYMB:
0.22
HYD:
0.32
HYMB:
0.30
HYD:
1.05
HYMB:
1.05
HYD:
0.14
HYMB:
0.16
HYD:
0.99
HYMB:
0.83
HYD:
1.53%
HYMB:
1.76%
HYD:
6.63%
HYMB:
6.67%
HYD:
-35.60%
HYMB:
-29.57%
HYD:
-9.09%
HYMB:
-6.89%
Returns By Period
In the year-to-date period, HYD achieves a -2.54% return, which is significantly higher than HYMB's -2.77% return. Over the past 10 years, HYD has outperformed HYMB with an annualized return of 3.04%, while HYMB has yielded a comparatively lower 2.38% annualized return.
HYD
-2.54%
-2.53%
-1.78%
1.67%
2.33%
3.04%
HYMB
-2.77%
-2.95%
-2.61%
1.87%
2.24%
2.38%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HYD vs. HYMB - Expense Ratio Comparison
Both HYD and HYMB have an expense ratio of 0.35%.
Risk-Adjusted Performance
HYD vs. HYMB — Risk-Adjusted Performance Rank
HYD
HYMB
HYD vs. HYMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors High-Yield Municipal Index ETF (HYD) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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.
Dividends
HYD vs. HYMB - Dividend Comparison
HYD's dividend yield for the trailing twelve months is around 4.44%, less than HYMB's 4.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYD VanEck Vectors High-Yield Municipal Index ETF | 4.44% | 4.29% | 4.13% | 3.96% | 3.50% | 4.01% | 4.08% | 14.47% | 4.29% | 4.58% | 4.82% | 4.98% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.49% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% |
Drawdowns
HYD vs. HYMB - Drawdown Comparison
The maximum HYD drawdown since its inception was -35.60%, which is greater than HYMB's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for HYD and HYMB. For additional features, visit the drawdowns tool.
Volatility
HYD vs. HYMB - Volatility Comparison
VanEck Vectors High-Yield Municipal Index ETF (HYD) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) have volatilities of 4.62% and 4.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.