HYMB vs. MUB
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and iShares National AMT-Free Muni Bond ETF (MUB).
HYMB and MUB 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. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007. Both HYMB and MUB 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 MUB.
Correlation
The correlation between HYMB and MUB is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
HYMB vs. MUB - Performance Comparison
Key characteristics
HYMB:
0.09
MUB:
0.08
HYMB:
0.26
MUB:
0.19
HYMB:
1.04
MUB:
1.03
HYMB:
0.14
MUB:
0.12
HYMB:
0.63
MUB:
0.39
HYMB:
1.97%
MUB:
1.50%
HYMB:
6.65%
MUB:
4.76%
HYMB:
-29.57%
MUB:
-13.68%
HYMB:
-6.56%
MUB:
-2.76%
Returns By Period
In the year-to-date period, HYMB achieves a -2.44% return, which is significantly lower than MUB's -1.18% return. Over the past 10 years, HYMB has outperformed MUB with an annualized return of 2.53%, while MUB has yielded a comparatively lower 1.99% annualized return.
HYMB
-2.44%
2.26%
-1.74%
0.58%
2.66%
2.53%
MUB
-1.18%
2.06%
-0.70%
0.38%
0.85%
1.99%
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HYMB vs. MUB - Expense Ratio Comparison
HYMB has a 0.35% expense ratio, which is higher than MUB's 0.07% expense ratio.
Risk-Adjusted Performance
HYMB vs. MUB — Risk-Adjusted Performance Rank
HYMB
MUB
HYMB vs. MUB - 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 iShares National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.51%, more than MUB's 3.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.51% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% |
MUB iShares National AMT-Free Muni Bond ETF | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
Drawdowns
HYMB vs. MUB - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for HYMB and MUB. For additional features, visit the drawdowns tool.
Volatility
HYMB vs. MUB - Volatility Comparison
The current volatility for SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) is 1.58%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.85%. This indicates that HYMB experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.