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

Correlation

The correlation between HYD and NEAR is 0.24, 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.


-0.50.00.51.00.2

Performance

HYD vs. NEAR - 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 Short Maturity Bond ETF (NEAR). The values are adjusted to include any dividend payments, if applicable.

20.00%30.00%40.00%50.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
59.59%
26.83%
HYD
NEAR

Key characteristics

Sharpe Ratio

HYD:

0.74

NEAR:

3.16

Sortino Ratio

HYD:

1.04

NEAR:

4.68

Omega Ratio

HYD:

1.14

NEAR:

1.65

Calmar Ratio

HYD:

0.31

NEAR:

6.93

Martin Ratio

HYD:

4.31

NEAR:

18.90

Ulcer Index

HYD:

0.91%

NEAR:

0.28%

Daily Std Dev

HYD:

5.29%

NEAR:

1.68%

Max Drawdown

HYD:

-35.60%

NEAR:

-9.60%

Current Drawdown

HYD:

-7.99%

NEAR:

-0.24%

Returns By Period

In the year-to-date period, HYD achieves a 3.50% return, which is significantly lower than NEAR's 4.86% return. Over the past 10 years, HYD has outperformed NEAR with an annualized return of 3.48%, while NEAR has yielded a comparatively lower 2.31% annualized return.


HYD

YTD

3.50%

1M

-1.56%

6M

0.74%

1Y

3.90%

5Y*

-0.54%

10Y*

3.48%

NEAR

YTD

4.86%

1M

0.54%

6M

3.20%

1Y

5.11%

5Y*

2.86%

10Y*

2.31%

Compare stocks, funds, or ETFs

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HYD vs. NEAR - Expense Ratio Comparison

HYD has a 0.35% expense ratio, which is higher than NEAR's 0.25% expense ratio.


HYD
VanEck Vectors High-Yield Municipal Index ETF
Expense ratio chart for HYD: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for NEAR: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

HYD vs. NEAR - 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 Short Maturity Bond ETF (NEAR). 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.


Sharpe ratio
The chart of Sharpe ratio for HYD, currently valued at 0.74, compared to the broader market0.002.004.000.743.16
The chart of Sortino ratio for HYD, currently valued at 1.04, compared to the broader market-2.000.002.004.006.008.0010.001.044.68
The chart of Omega ratio for HYD, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.001.141.65
The chart of Calmar ratio for HYD, currently valued at 0.31, compared to the broader market0.005.0010.0015.000.316.93
The chart of Martin ratio for HYD, currently valued at 4.31, compared to the broader market0.0020.0040.0060.0080.00100.004.3118.90
HYD
NEAR

The current HYD Sharpe Ratio is 0.74, which is lower than the NEAR Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of HYD and NEAR, 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 Ratio1.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
0.74
3.16
HYD
NEAR

Dividends

HYD vs. NEAR - Dividend Comparison

HYD's dividend yield for the trailing twelve months is around 4.32%, less than NEAR's 5.01% yield.


TTM20232022202120202019201820172016201520142013
HYD
VanEck Vectors High-Yield Municipal Index ETF
4.32%4.13%3.96%3.50%4.01%4.08%14.47%4.29%4.58%4.83%4.98%6.34%
NEAR
iShares Short Maturity Bond ETF
5.01%4.58%1.78%0.76%1.53%2.69%2.25%1.52%1.07%0.85%0.85%0.15%

Drawdowns

HYD vs. NEAR - Drawdown Comparison

The maximum HYD drawdown since its inception was -35.60%, which is greater than NEAR's maximum drawdown of -9.60%. Use the drawdown chart below to compare losses from any high point for HYD and NEAR. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.99%
-0.24%
HYD
NEAR

Volatility

HYD vs. NEAR - Volatility Comparison

VanEck Vectors High-Yield Municipal Index ETF (HYD) has a higher volatility of 1.86% compared to iShares Short Maturity Bond ETF (NEAR) at 0.48%. This indicates that HYD's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.86%
0.48%
HYD
NEAR
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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