HYMB vs. AFTEX
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and American Funds Tax Exempt Bond Fund (AFTEX).
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. AFTEX is managed by American Funds. It was launched on Oct 2, 1979.
Performance
HYMB vs. AFTEX - Performance Comparison
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HYMB vs. AFTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 0.18% | 2.04% | 5.52% | 7.73% | -15.54% | 5.16% | 3.74% | 9.51% | 4.91% | 3.22% |
AFTEX American Funds Tax Exempt Bond Fund | -0.65% | 4.88% | 2.28% | 5.96% | -9.68% | 1.87% | 4.73% | 7.42% | 0.78% | 5.83% |
Returns By Period
In the year-to-date period, HYMB achieves a 0.18% return, which is significantly higher than AFTEX's -0.65% return. Over the past 10 years, HYMB has outperformed AFTEX with an annualized return of 2.46%, while AFTEX has yielded a comparatively lower 2.08% annualized return.
HYMB
- 1D
- 0.49%
- 1M
- -2.20%
- YTD
- 0.18%
- 6M
- 1.76%
- 1Y
- 2.93%
- 3Y*
- 4.12%
- 5Y*
- 0.36%
- 10Y*
- 2.46%
AFTEX
- 1D
- 0.16%
- 1M
- -2.60%
- YTD
- -0.65%
- 6M
- 0.77%
- 1Y
- 3.69%
- 3Y*
- 3.27%
- 5Y*
- 0.79%
- 10Y*
- 2.08%
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HYMB vs. AFTEX - Expense Ratio Comparison
HYMB has a 0.35% expense ratio, which is lower than AFTEX's 0.50% expense ratio.
Return for Risk
HYMB vs. AFTEX — Risk / Return Rank
HYMB
AFTEX
HYMB vs. AFTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and American Funds Tax Exempt Bond Fund (AFTEX). 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.
| HYMB | AFTEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 0.96 | -0.47 |
Sortino ratioReturn per unit of downside risk | 0.62 | 1.31 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.26 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.05 | -0.45 |
Martin ratioReturn relative to average drawdown | 1.48 | 3.52 | -2.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYMB | AFTEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.96 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.21 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.55 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.42 | -0.98 |
Correlation
The correlation between HYMB and AFTEX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HYMB vs. AFTEX - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.58%, more than AFTEX's 3.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.58% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
AFTEX American Funds Tax Exempt Bond Fund | 3.04% | 3.98% | 2.90% | 2.22% | 1.75% | 2.31% | 2.43% | 2.83% | 2.86% | 3.30% | 2.90% | 3.21% |
Drawdowns
HYMB vs. AFTEX - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, which is greater than AFTEX's maximum drawdown of -14.55%. Use the drawdown chart below to compare losses from any high point for HYMB and AFTEX.
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Drawdown Indicators
| HYMB | AFTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.57% | -14.55% | -15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.07% | -4.51% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -20.15% | -14.55% | -5.60% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -14.55% | -15.02% |
Current DrawdownCurrent decline from peak | -2.20% | -2.60% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -1.67% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.34% | +0.72% |
Volatility
HYMB vs. AFTEX - Volatility Comparison
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a higher volatility of 2.15% compared to American Funds Tax Exempt Bond Fund (AFTEX) at 1.00%. This indicates that HYMB's price experiences larger fluctuations and is considered to be riskier than AFTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYMB | AFTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 1.00% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 1.63% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 4.58% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 3.72% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 3.77% | +7.58% |