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

Key characteristics


HYMBLEO
YTD Return5.88%10.17%
1Y Return11.88%17.55%
3Y Return (Ann)-0.99%-5.61%
5Y Return (Ann)1.19%-1.45%
10Y Return (Ann)3.02%2.53%
Sharpe Ratio2.362.02
Sortino Ratio3.322.89
Omega Ratio1.471.37
Calmar Ratio0.920.56
Martin Ratio15.0911.05
Ulcer Index0.86%1.82%
Daily Std Dev5.51%9.97%
Max Drawdown-29.57%-47.35%
Current Drawdown-3.91%-24.14%

Correlation

-0.50.00.51.00.3

The correlation between HYMB and LEO is 0.28, 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. LEO - Performance Comparison

In the year-to-date period, HYMB achieves a 5.88% return, which is significantly lower than LEO's 10.17% return. Over the past 10 years, HYMB has outperformed LEO with an annualized return of 3.02%, while LEO has yielded a comparatively lower 2.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.03%
5.38%
HYMB
LEO

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Risk-Adjusted Performance

HYMB vs. LEO - 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 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
Sharpe ratio
The chart of Sharpe ratio for HYMB, currently valued at 2.36, compared to the broader market-2.000.002.004.002.36
Sortino ratio
The chart of Sortino ratio for HYMB, currently valued at 3.32, compared to the broader market-2.000.002.004.006.008.0010.0012.003.32
Omega ratio
The chart of Omega ratio for HYMB, currently valued at 1.47, compared to the broader market1.001.502.002.503.001.47
Calmar ratio
The chart of Calmar ratio for HYMB, currently valued at 0.92, compared to the broader market0.005.0010.0015.000.92
Martin ratio
The chart of Martin ratio for HYMB, currently valued at 15.09, compared to the broader market0.0020.0040.0060.0080.00100.00120.0015.09
LEO
Sharpe ratio
The chart of Sharpe ratio for LEO, currently valued at 2.02, compared to the broader market-2.000.002.004.002.02
Sortino ratio
The chart of Sortino ratio for LEO, currently valued at 2.89, compared to the broader market-2.000.002.004.006.008.0010.0012.002.89
Omega ratio
The chart of Omega ratio for LEO, currently valued at 1.37, compared to the broader market1.001.502.002.503.001.37
Calmar ratio
The chart of Calmar ratio for LEO, currently valued at 0.56, compared to the broader market0.005.0010.0015.000.56
Martin ratio
The chart of Martin ratio for LEO, currently valued at 11.05, compared to the broader market0.0020.0040.0060.0080.00100.00120.0011.05

HYMB vs. LEO - Sharpe Ratio Comparison

The current HYMB Sharpe Ratio is 2.36, which is comparable to the LEO Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of HYMB and LEO, 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 Ratio0.000.501.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.36
2.02
HYMB
LEO

Dividends

HYMB vs. LEO - Dividend Comparison

HYMB's dividend yield for the trailing twelve months is around 4.20%, more than LEO's 3.34% yield.


TTM20232022202120202019201820172016201520142013
HYMB
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF
4.20%4.06%3.77%3.19%3.55%3.95%4.03%3.78%4.08%4.54%4.49%5.17%
LEO
BNY Mellon Strategic Municipals, Inc.
3.34%4.37%5.66%4.84%4.95%4.94%5.96%5.97%6.14%6.04%7.11%7.74%

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. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%JuneJulyAugustSeptemberOctoberNovember
-3.91%
-24.14%
HYMB
LEO

Volatility

HYMB vs. LEO - Volatility Comparison

The current volatility for SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) is 2.27%, while BNY Mellon Strategic Municipals, Inc. (LEO) has a volatility of 3.99%. 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.


1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%JuneJulyAugustSeptemberOctoberNovember
2.27%
3.99%
HYMB
LEO