HYMB vs. IBMM

Last updated Jun 4, 2026

HYMB (SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF) and IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) are both Municipal Bonds funds - HYMB tracks the Bloomberg Municipal Yield while IBMM tracks the S&P AMT-Free Municipal Series Dec 2024 Index. Both are passively managed. HYMB charges 0.35%/yr vs 0.18%/yr for IBMM.

Performance

HYMB vs. IBMM - 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 iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYMB vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF	1.82%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Return for Risk

HYMB vs. IBMM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYMB

HYMB Risk / Return Rank: 53
HYMB Sharpe Ratio Rank: 53
HYMB Sortino Ratio Rank: 54
HYMB Omega Ratio Rank: 60
HYMB Calmar Ratio Rank: 48
HYMB Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYMB vs. IBMM - 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 iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). 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	IBMM	Difference
Sharpe ratio: Return per unit of total volatility	1.84	—	—
Sortino ratio: Return per unit of downside risk	2.63	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.40	—	—
Martin ratio: Return relative to average drawdown	8.51	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HYMB	IBMM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
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	—	—

Drawdowns

HYMB vs. IBMM - Drawdown Comparison

The maximum HYMB drawdown since its inception was -29.57%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for HYMB and IBMM.

Drawdown Indicators

	HYMB	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-29.57%	0.00%	-29.57%
Max Drawdown (1Y) Largest decline over 1 year	-3.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	—	—
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-3.81%	0.00%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	—	—

Volatility

Volatility by Period

	HYMB	IBMM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.05%	0.00%	+4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.66%	0.00%	+6.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.36%	0.00%	+11.36%

HYMB vs. IBMM - Expense Ratio Comparison

HYMB has a 0.35% expense ratio, which is higher than IBMM's 0.18% expense ratio.

Dividends

HYMB vs. IBMM - Dividend Comparison

HYMB's dividend yield for the trailing twelve months is around 4.54%, while IBMM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HYMB or IBMM?

On fees, IBMM is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYMB or IBMM?

IBMM is cheaper with a 0.18% expense ratio, compared with 0.35% for HYMB.

Which ETF pays a higher dividend yield, HYMB or IBMM?

HYMB has the higher dividend yield at 4.54%, compared with 0.00% for IBMM.

What is the main difference between HYMB and IBMM?

HYMB tracks Bloomberg Municipal Yield, while IBMM tracks S&P AMT-Free Municipal Series Dec 2024 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for HYMB and 0.18% for IBMM.