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HYMB vs. ANGL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

HYMB vs. ANGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
4.12%
4.31%
HYMB
ANGL

Returns By Period

In the year-to-date period, HYMB achieves a 6.45% return, which is significantly higher than ANGL's 6.10% return. Over the past 10 years, HYMB has underperformed ANGL with an annualized return of 3.08%, while ANGL has yielded a comparatively higher 6.04% annualized return.


HYMB

YTD

6.45%

1M

-0.41%

6M

4.28%

1Y

11.97%

5Y (annualized)

1.22%

10Y (annualized)

3.08%

ANGL

YTD

6.10%

1M

-0.28%

6M

4.24%

1Y

11.22%

5Y (annualized)

5.12%

10Y (annualized)

6.04%

Key characteristics


HYMBANGL
Sharpe Ratio2.282.31
Sortino Ratio3.183.52
Omega Ratio1.451.44
Calmar Ratio0.901.32
Martin Ratio14.2615.33
Ulcer Index0.87%0.74%
Daily Std Dev5.45%4.94%
Max Drawdown-29.57%-35.07%
Current Drawdown-3.39%-0.62%

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HYMB vs. ANGL - Expense Ratio Comparison

Both HYMB and ANGL have an expense ratio of 0.35%.


HYMB
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF
Expense ratio chart for HYMB: 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 ANGL: 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%

Correlation

-0.50.00.51.00.2

The correlation between HYMB and ANGL is 0.18, 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.

Risk-Adjusted Performance

HYMB vs. ANGL - 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 VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). 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 HYMB, currently valued at 2.28, compared to the broader market0.002.004.002.282.31
The chart of Sortino ratio for HYMB, currently valued at 3.18, compared to the broader market-2.000.002.004.006.008.0010.003.183.52
The chart of Omega ratio for HYMB, currently valued at 1.45, compared to the broader market0.501.001.502.002.503.001.451.44
The chart of Calmar ratio for HYMB, currently valued at 0.90, compared to the broader market0.005.0010.0015.000.901.32
The chart of Martin ratio for HYMB, currently valued at 14.26, compared to the broader market0.0020.0040.0060.0080.00100.0014.2615.33
HYMB
ANGL

The current HYMB Sharpe Ratio is 2.28, which is comparable to the ANGL Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of HYMB and ANGL, 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 Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.28
2.31
HYMB
ANGL

Dividends

HYMB vs. ANGL - Dividend Comparison

HYMB's dividend yield for the trailing twelve months is around 4.17%, less than ANGL's 6.09% yield.


TTM20232022202120202019201820172016201520142013
HYMB
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF
4.17%4.06%3.77%3.19%3.55%3.95%4.03%3.78%4.08%4.54%4.49%5.17%
ANGL
VanEck Vectors Fallen Angel High Yield Bond ETF
6.09%5.27%4.72%3.90%4.67%5.20%6.00%5.25%5.79%5.82%6.80%6.10%

Drawdowns

HYMB vs. ANGL - Drawdown Comparison

The maximum HYMB drawdown since its inception was -29.57%, smaller than the maximum ANGL drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for HYMB and ANGL. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.39%
-0.62%
HYMB
ANGL

Volatility

HYMB vs. ANGL - Volatility Comparison

SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a higher volatility of 2.32% compared to VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) at 1.33%. This indicates that HYMB's price experiences larger fluctuations and is considered to be riskier than ANGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
2.32%
1.33%
HYMB
ANGL