HYMB vs. AGG
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and iShares Core U.S. Aggregate Bond ETF (AGG).
HYMB and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both HYMB and AGG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYMB or AGG.
Key characteristics
| HYMB | AGG | |
|---|---|---|
| YTD Return | 5.92% | 2.65% |
| 1Y Return | 13.81% | 9.31% |
| 3Y Return (Ann) | -0.99% | -2.21% |
| 5Y Return (Ann) | 1.25% | 0.10% |
| 10Y Return (Ann) | 3.03% | 1.55% |
| Sharpe Ratio | 2.30 | 1.40 |
| Sortino Ratio | 3.23 | 2.06 |
| Omega Ratio | 1.46 | 1.25 |
| Calmar Ratio | 0.83 | 0.54 |
| Martin Ratio | 15.22 | 5.12 |
| Ulcer Index | 0.85% | 1.64% |
| Daily Std Dev | 5.60% | 5.98% |
| Max Drawdown | -29.57% | -18.43% |
| Current Drawdown | -3.87% | -7.73% |
Correlation
The correlation between HYMB and AGG is 0.45, 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.
Performance
HYMB vs. AGG - Performance Comparison
In the year-to-date period, HYMB achieves a 5.92% return, which is significantly higher than AGG's 2.65% return. Over the past 10 years, HYMB has outperformed AGG with an annualized return of 3.03%, while AGG has yielded a comparatively lower 1.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYMB vs. AGG - Expense Ratio Comparison
HYMB has a 0.35% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
HYMB vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
HYMB vs. AGG - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.19%, more than AGG's 3.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.19% | 4.06% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% | 5.17% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.93% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
HYMB vs. AGG - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for HYMB and AGG. For additional features, visit the drawdowns tool.
Volatility
HYMB vs. AGG - Volatility Comparison
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a higher volatility of 2.32% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.68%. This indicates that HYMB's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.