HYMAX vs. STMYX
HYMAX (Lord Abbett High Income Municipal Bond Fund) and STMYX (Ocean Park Tactical Municipal Fund) are both High Yield Muni funds. Over the past 5 years, HYMAX returned -0.39%/yr vs 0.43%/yr for STMYX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. HYMAX charges 0.77%/yr vs 0.92%/yr for STMYX.
Performance
HYMAX vs. STMYX - Performance Comparison
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Returns By Period
In the year-to-date period, HYMAX achieves a 2.00% return, which is significantly higher than STMYX's 0.97% return.
HYMAX
- 1D
- -0.38%
- 1M
- -2.04%
- 6M
- 1.10%
- YTD
- 2.00%
- 1Y
- 6.89%
- 3Y*
- 4.32%
- 5Y*
- -0.39%
- 10Y*
- 2.55%
- ALL TIME*
- 3.17%
STMYX
- 1D
- -0.27%
- 1M
- -1.69%
- 6M
- 0.35%
- YTD
- 0.97%
- 1Y
- 5.13%
- 3Y*
- 2.06%
- 5Y*
- 0.43%
- 10Y*
- —
- ALL TIME*
- 2.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HYMAX vs. STMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYMAX Lord Abbett High Income Municipal Bond Fund | 2.00% | 2.94% | 5.89% | 6.85% | -17.27% | 6.11% | 3.50% | 11.74% |
STMYX Ocean Park Tactical Municipal Fund | 0.97% | -1.09% | 2.00% | 4.29% | -2.93% | 3.35% | 4.35% | 7.73% |
Correlation
The correlation between HYMAX and STMYX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2019 | 0.73 |
The correlation between HYMAX and STMYX shifts across timeframes, from 0.73 (5 years) to 0.85 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYMAX vs. STMYX — Risk / Return Rank
HYMAX
STMYX
HYMAX vs. STMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett High Income Municipal Bond Fund (HYMAX) and Ocean Park Tactical Municipal Fund (STMYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYMAX | STMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.49 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.25 | +0.70 |
| Martin ratioReturn relative to average drawdown | 10.67 | 7.56 | +3.10 |
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Drawdowns
HYMAX vs. STMYX - Drawdown Comparison
The maximum HYMAX drawdown since its inception was -39.42%, which is greater than STMYX's maximum drawdown of -9.71%. Use the drawdown chart below to compare losses from any high point for HYMAX and STMYX.
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Drawdown Indicators
| HYMAX | STMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.42% | -9.71% | -29.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -2.55% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -7.74% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -22.85% | -8.59% | -14.26% |
Max Drawdown (10Y)Largest decline over 10 years | -22.85% | — | — |
Current DrawdownCurrent decline from peak | -2.04% | -2.04% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -3.11% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.75% | +0.02% |
Volatility
HYMAX vs. STMYX - Volatility Comparison
Lord Abbett High Income Municipal Bond Fund (HYMAX) and Ocean Park Tactical Municipal Fund (STMYX) have volatilities of 0.98% and 1.02%, 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.
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Volatility by Period
| HYMAX | STMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.02% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.16% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 2.64% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 3.91% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.30% | 3.69% | +1.61% |
HYMAX vs. STMYX - Expense Ratio Comparison
HYMAX has a 0.77% expense ratio, which is lower than STMYX's 0.92% expense ratio.
Dividends
HYMAX vs. STMYX - Dividend Comparison
HYMAX's dividend yield for the trailing twelve months is around 4.48%, more than STMYX's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMAX Lord Abbett High Income Municipal Bond Fund | 4.48% | 5.58% | 4.04% | 3.81% | 2.88% | 2.78% | 3.46% | 4.11% | 4.01% | 4.08% | 4.55% | 4.64% |
STMYX Ocean Park Tactical Municipal Fund | 3.62% | 3.44% | 3.03% | 2.46% | 1.13% | 4.78% | 2.47% | 2.67% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYMAX and STMYX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STMYX has higher volatility (1.02%) compared to HYMAX (0.98%). In terms of maximum drawdown, HYMAX dropped -39.42% vs STMYX's -9.71%.
HYMAX currently has the higher Sharpe Ratio (2.35 vs 2.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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