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

Correlation

The correlation between HYD and MUB is -0.04. 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

HYD vs. MUB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors High-Yield Municipal Index ETF (HYD) and iShares National AMT-Free Muni Bond ETF (MUB). The values are adjusted to include any dividend payments, if applicable.

60.00%80.00%100.00%120.00%140.00%December2025FebruaryMarchAprilMay
133.95%
61.25%
HYD
MUB

Key characteristics

Sharpe Ratio

HYD:

0.27

MUB:

0.22

Sortino Ratio

HYD:

0.37

MUB:

0.32

Omega Ratio

HYD:

1.06

MUB:

1.04

Calmar Ratio

HYD:

0.16

MUB:

0.22

Martin Ratio

HYD:

1.06

MUB:

0.70

Ulcer Index

HYD:

1.67%

MUB:

1.49%

Daily Std Dev

HYD:

6.59%

MUB:

4.76%

Max Drawdown

HYD:

-35.60%

MUB:

-13.68%

Current Drawdown

HYD:

-8.38%

MUB:

-2.45%

Returns By Period

In the year-to-date period, HYD achieves a -1.78% return, which is significantly lower than MUB's -0.86% return. Over the past 10 years, HYD has outperformed MUB with an annualized return of 3.21%, while MUB has yielded a comparatively lower 1.99% annualized return.


HYD

YTD

-1.78%

1M

1.86%

6M

-0.40%

1Y

1.16%

5Y*

2.23%

10Y*

3.21%

MUB

YTD

-0.86%

1M

0.96%

6M

0.23%

1Y

0.65%

5Y*

0.92%

10Y*

1.99%

*Annualized

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HYD vs. MUB - Expense Ratio Comparison

HYD has a 0.35% expense ratio, which is higher than MUB's 0.07% expense ratio.


Risk-Adjusted Performance

HYD vs. MUB — Risk-Adjusted Performance Rank

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

HYD
The Risk-Adjusted Performance Rank of HYD is 3535
Overall Rank
The Sharpe Ratio Rank of HYD is 3838
Sharpe Ratio Rank
The Sortino Ratio Rank of HYD is 3030
Sortino Ratio Rank
The Omega Ratio Rank of HYD is 3434
Omega Ratio Rank
The Calmar Ratio Rank of HYD is 3333
Calmar Ratio Rank
The Martin Ratio Rank of HYD is 4242
Martin Ratio Rank

MUB
The Risk-Adjusted Performance Rank of MUB is 3232
Overall Rank
The Sharpe Ratio Rank of MUB is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of MUB is 2727
Sortino Ratio Rank
The Omega Ratio Rank of MUB is 2727
Omega Ratio Rank
The Calmar Ratio Rank of MUB is 3838
Calmar Ratio Rank
The Martin Ratio Rank of MUB is 3434
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.

HYD vs. MUB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors High-Yield Municipal Index ETF (HYD) and iShares National AMT-Free Muni Bond ETF (MUB). 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 HYD Sharpe Ratio is 0.27, which is comparable to the MUB Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of HYD and MUB, 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 Ratio0.000.501.001.502.00December2025FebruaryMarchAprilMay
0.18
0.14
HYD
MUB

Dividends

HYD vs. MUB - Dividend Comparison

HYD's dividend yield for the trailing twelve months is around 4.34%, more than MUB's 3.13% yield.


TTM20242023202220212020201920182017201620152014
HYD
VanEck Vectors High-Yield Municipal Index ETF
4.34%4.29%4.13%3.96%3.50%4.01%4.08%14.47%4.29%4.58%4.82%4.98%
MUB
iShares National AMT-Free Muni Bond ETF
3.13%3.01%2.65%2.11%1.81%2.11%2.42%2.46%2.26%2.21%2.51%2.73%

Drawdowns

HYD vs. MUB - Drawdown Comparison

The maximum HYD drawdown since its inception was -35.60%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for HYD and MUB. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2025FebruaryMarchAprilMay
-8.38%
-2.45%
HYD
MUB

Volatility

HYD vs. MUB - Volatility Comparison

VanEck Vectors High-Yield Municipal Index ETF (HYD) has a higher volatility of 2.55% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 2.35%. This indicates that HYD's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%December2025FebruaryMarchAprilMay
2.55%
2.35%
HYD
MUB