HYMB vs. FUMB
HYMB (SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF) and FUMB (First Trust Ultra Short Duration Municipal ETF) are both Municipal Bonds funds. HYMB is passively managed, while FUMB is actively managed. Over the past 5 years, HYMB returned 0.42%/yr vs 1.96%/yr for FUMB. At a 0.17 correlation, their price movements are largely independent. HYMB charges 0.35%/yr vs 0.45%/yr for FUMB.
Performance
HYMB vs. FUMB - Performance Comparison
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Returns By Period
In the year-to-date period, HYMB achieves a 2.87% return, which is significantly higher than FUMB's 1.07% return.
HYMB
- 1D
- -0.04%
- 1M
- 1.19%
- YTD
- 2.87%
- 6M
- 3.18%
- 1Y
- 7.43%
- 3Y*
- 5.09%
- 5Y*
- 0.42%
- 10Y*
- 2.46%
FUMB
- 1D
- -0.03%
- 1M
- 0.15%
- YTD
- 1.07%
- 6M
- 1.30%
- 1Y
- 2.55%
- 3Y*
- 2.98%
- 5Y*
- 1.96%
- 10Y*
- —
HYMB vs. FUMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 2.87% | 2.04% | 5.52% | 7.73% | -15.54% | 5.16% | 3.74% | 9.51% | 1.91% |
FUMB First Trust Ultra Short Duration Municipal ETF | 1.07% | 2.78% | 3.05% | 2.84% | -0.03% | 0.38% | 1.25% | 1.76% | 0.30% |
Correlation
The correlation between HYMB and FUMB is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | 0.18 |
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Return for Risk
HYMB vs. FUMB — Risk / Return Rank
HYMB
FUMB
HYMB vs. FUMB - 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 First Trust Ultra Short Duration Municipal ETF (FUMB). 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 | FUMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.76 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 11.70 | -9.30 |
| Martin ratioReturn relative to average drawdown | 8.51 | 44.37 | -35.86 |
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 | FUMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 3.38 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 1.70 | -1.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.00 | -0.55 |
Drawdowns
HYMB vs. FUMB - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, which is greater than FUMB's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for HYMB and FUMB.
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Drawdown Indicators
| HYMB | FUMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.57% | -2.68% | -26.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -0.22% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -7.44% | -0.60% | -6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.15% | -1.25% | -18.90% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.03% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -0.19% | -3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.06% | +0.82% |
Volatility
HYMB vs. FUMB - Volatility Comparison
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a higher volatility of 1.35% compared to First Trust Ultra Short Duration Municipal ETF (FUMB) at 0.20%. This indicates that HYMB's price experiences larger fluctuations and is considered to be riskier than FUMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYMB | FUMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.20% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 0.53% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 0.76% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 1.16% | +5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.36% | 1.77% | +9.59% |
HYMB vs. FUMB - Expense Ratio Comparison
HYMB has a 0.35% expense ratio, which is lower than FUMB's 0.45% expense ratio.
Dividends
HYMB vs. FUMB - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.54%, more than FUMB's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUMB First Trust Ultra Short Duration Municipal ETF | 2.80% | 2.90% | 2.86% | 2.24% | 1.02% | 0.43% | 0.94% | 1.74% | 0.15% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.54% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
Frequently Asked Questions
HYMB and FUMB have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYMB has higher volatility (1.35%) compared to FUMB (0.20%). In terms of maximum drawdown, HYMB dropped -29.57% vs FUMB's -2.68%.
On 5-year performance, FUMB leads with 1.96% vs 0.42% for HYMB. On fees, HYMB is cheaper at 0.35% per year. On volatility, FUMB has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FUMB has performed better with a 1.96% return vs 0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYMB is cheaper with a 0.35% expense ratio, compared with 0.45% for FUMB.
HYMB has the higher dividend yield at 4.54%, compared with 2.80% for FUMB.
They also come from different issuers: State Street and First Trust. Their fees differ too: 0.35% for HYMB and 0.45% for FUMB.
FUMB currently has the higher Sharpe Ratio (3.38 vs 1.84), 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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