HYMB vs. LEO
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and BNY Mellon Strategic Municipals, Inc. (LEO).
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.
Performance
HYMB vs. LEO - Performance Comparison
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HYMB vs. LEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 0.18% | 2.04% | 5.52% | 7.73% | -15.54% | 5.16% | 3.74% | 9.51% | 4.91% | 3.22% |
LEO BNY Mellon Strategic Municipals, Inc. | 0.06% | 9.85% | 6.94% | 0.07% | -24.13% | 4.53% | 5.03% | 24.76% | -12.13% | 9.07% |
Returns By Period
In the year-to-date period, HYMB achieves a 0.18% return, which is significantly higher than LEO's 0.06% return. Over the past 10 years, HYMB has outperformed LEO with an annualized return of 2.46%, while LEO has yielded a comparatively lower 1.30% annualized return.
HYMB
- 1D
- 0.49%
- 1M
- -2.20%
- YTD
- 0.18%
- 6M
- 1.76%
- 1Y
- 2.93%
- 3Y*
- 4.12%
- 5Y*
- 0.36%
- 10Y*
- 2.46%
LEO
- 1D
- 3.28%
- 1M
- -2.98%
- YTD
- 0.06%
- 6M
- 2.94%
- 1Y
- 7.47%
- 3Y*
- 4.45%
- 5Y*
- -1.83%
- 10Y*
- 1.30%
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Return for Risk
HYMB vs. LEO — Risk / Return Rank
HYMB
LEO
HYMB vs. LEO - 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 BNY Mellon Strategic Municipals, Inc. (LEO). 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 | LEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 0.66 | -0.17 |
Sortino ratioReturn per unit of downside risk | 0.62 | 0.99 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.60 | 0.83 | -0.23 |
Martin ratioReturn relative to average drawdown | 1.48 | 2.18 | -0.69 |
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 | LEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.66 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.15 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.09 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.31 | +0.13 |
Correlation
The correlation between HYMB and LEO is 0.29, 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.
Dividends
HYMB vs. LEO - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.58%, more than LEO's 4.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.58% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
LEO BNY Mellon Strategic Municipals, Inc. | 4.36% | 4.03% | 3.77% | 4.37% | 5.66% | 4.84% | 4.95% | 4.94% | 5.96% | 5.97% | 6.14% | 6.04% |
Drawdowns
HYMB vs. LEO - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, smaller than the maximum LEO drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for HYMB and LEO.
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Drawdown Indicators
| HYMB | LEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.57% | -47.35% | +17.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.07% | -9.03% | +3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.15% | -41.53% | +21.38% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -41.53% | +11.96% |
Current DrawdownCurrent decline from peak | -2.20% | -19.06% | +16.86% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -9.73% | +5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 3.43% | -1.37% |
Volatility
HYMB vs. LEO - Volatility Comparison
The current volatility for SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) is 2.15%, while BNY Mellon Strategic Municipals, Inc. (LEO) has a volatility of 5.10%. This indicates that HYMB experiences smaller price fluctuations and is considered to be less risky than LEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYMB | LEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 5.10% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 7.08% | -4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 11.30% | -5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 12.26% | -5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 13.88% | -2.53% |