HYD vs. VWALX
Compare and contrast key facts about VanEck Vectors High-Yield Municipal Index ETF (HYD) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX).
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. VWALX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYD or VWALX.
Correlation
The correlation between HYD and VWALX is -0.10. 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. VWALX - Performance Comparison
Key characteristics
HYD:
0.23
VWALX:
0.19
HYD:
0.32
VWALX:
0.28
HYD:
1.05
VWALX:
1.05
HYD:
0.14
VWALX:
0.18
HYD:
0.99
VWALX:
0.69
HYD:
1.53%
VWALX:
1.72%
HYD:
6.63%
VWALX:
6.21%
HYD:
-35.60%
VWALX:
-17.74%
HYD:
-9.09%
VWALX:
-4.63%
Returns By Period
In the year-to-date period, HYD achieves a -2.54% return, which is significantly higher than VWALX's -2.70% return. Over the past 10 years, HYD has outperformed VWALX with an annualized return of 3.04%, while VWALX has yielded a comparatively lower 2.68% annualized return.
HYD
-2.54%
-2.53%
-1.78%
1.67%
2.33%
3.04%
VWALX
-2.70%
-2.42%
-1.94%
1.28%
1.95%
2.68%
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HYD vs. VWALX - Expense Ratio Comparison
HYD has a 0.35% expense ratio, which is higher than VWALX's 0.09% expense ratio.
Risk-Adjusted Performance
HYD vs. VWALX — Risk-Adjusted Performance Rank
HYD
VWALX
HYD vs. VWALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors High-Yield Municipal Index ETF (HYD) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX). 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. VWALX - Dividend Comparison
HYD's dividend yield for the trailing twelve months is around 4.44%, more than VWALX's 4.01% 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% |
VWALX Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 4.01% | 3.82% | 3.59% | 3.44% | 2.93% | 3.16% | 3.44% | 3.84% | 3.77% | 3.88% | 3.75% | 3.83% |
Drawdowns
HYD vs. VWALX - Drawdown Comparison
The maximum HYD drawdown since its inception was -35.60%, which is greater than VWALX's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for HYD and VWALX. For additional features, visit the drawdowns tool.
Volatility
HYD vs. VWALX - Volatility Comparison
VanEck Vectors High-Yield Municipal Index ETF (HYD) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) have volatilities of 4.62% and 4.85%, 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.