HYMB vs. HYD
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and VanEck Vectors High-Yield Municipal Index ETF (HYD).
HYMB and HYD 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. HYD is a passively managed fund by VanEck that tracks the performance of the Bloomberg Barclays Municipal Custom High Yield Composite Index. It was launched on Feb 4, 2009. Both HYMB and HYD 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 HYD.
Correlation
The correlation between HYMB and HYD is 0.02, 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.
Performance
HYMB vs. HYD - Performance Comparison
Key characteristics
HYMB:
0.06
HYD:
0.11
HYMB:
0.14
HYD:
0.17
HYMB:
1.02
HYD:
1.03
HYMB:
0.07
HYD:
0.06
HYMB:
0.29
HYD:
0.40
HYMB:
2.00%
HYD:
1.71%
HYMB:
6.65%
HYD:
6.60%
HYMB:
-29.57%
HYD:
-35.60%
HYMB:
-6.72%
HYD:
-8.81%
Returns By Period
In the year-to-date period, HYMB achieves a -2.60% return, which is significantly lower than HYD's -2.25% return. Over the past 10 years, HYMB has underperformed HYD with an annualized return of 2.51%, while HYD has yielded a comparatively higher 3.21% annualized return.
HYMB
-2.60%
1.71%
-2.96%
0.41%
2.63%
2.51%
HYD
-2.25%
1.29%
-2.17%
0.73%
2.13%
3.21%
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HYMB vs. HYD - Expense Ratio Comparison
Both HYMB and HYD have an expense ratio of 0.35%.
Risk-Adjusted Performance
HYMB vs. HYD — Risk-Adjusted Performance Rank
HYMB
HYD
HYMB vs. HYD - 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 High-Yield Municipal Index ETF (HYD). 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. HYD - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.52%, more than HYD's 4.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.52% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% |
HYD VanEck Vectors High-Yield Municipal Index ETF | 4.36% | 4.29% | 4.13% | 3.96% | 3.50% | 4.01% | 4.08% | 14.47% | 4.29% | 4.58% | 4.82% | 4.98% |
Drawdowns
HYMB vs. HYD - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, smaller than the maximum HYD drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for HYMB and HYD. For additional features, visit the drawdowns tool.
Volatility
HYMB vs. HYD - Volatility Comparison
The current volatility for SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) is 1.58%, while VanEck Vectors High-Yield Municipal Index ETF (HYD) has a volatility of 2.24%. This indicates that HYMB experiences smaller price fluctuations and is considered to be less risky than HYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.