HYMB vs. MINO
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO).
HYMB and MINO 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. MINO is an actively managed fund by PIMCO. It was launched on Sep 8, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYMB or MINO.
Correlation
The correlation between HYMB and MINO is 0.13, 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. MINO - Performance Comparison
Key characteristics
HYMB:
0.31
MINO:
0.29
HYMB:
0.41
MINO:
0.40
HYMB:
1.07
MINO:
1.06
HYMB:
0.23
MINO:
0.34
HYMB:
1.16
MINO:
1.19
HYMB:
1.79%
MINO:
1.33%
HYMB:
6.67%
MINO:
5.53%
HYMB:
-29.57%
MINO:
-15.24%
HYMB:
-6.66%
MINO:
-3.11%
Returns By Period
In the year-to-date period, HYMB achieves a -2.54% return, which is significantly lower than MINO's -1.17% return.
HYMB
-2.54%
-1.47%
-2.52%
2.44%
2.30%
2.43%
MINO
-1.17%
-0.36%
-1.02%
1.95%
N/A
N/A
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HYMB vs. MINO - Expense Ratio Comparison
HYMB has a 0.35% expense ratio, which is lower than MINO's 0.39% expense ratio.
Risk-Adjusted Performance
HYMB vs. MINO — Risk-Adjusted Performance Rank
HYMB
MINO
HYMB vs. MINO - 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 PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO). 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. MINO - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.48%, more than MINO's 3.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.48% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% |
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 3.88% | 3.91% | 3.78% | 2.87% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYMB vs. MINO - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, which is greater than MINO's maximum drawdown of -15.24%. Use the drawdown chart below to compare losses from any high point for HYMB and MINO. For additional features, visit the drawdowns tool.
Volatility
HYMB vs. MINO - Volatility Comparison
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a higher volatility of 4.53% compared to PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) at 3.89%. This indicates that HYMB's price experiences larger fluctuations and is considered to be riskier than MINO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.