HYMB vs. NDMO
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and Nuveen Dynamic Municipal Opportunities Fund (NDMO).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYMB or NDMO.
Key characteristics
| HYMB | NDMO | |
|---|---|---|
| YTD Return | 5.92% | 15.27% |
| 1Y Return | 13.81% | 17.80% |
| 3Y Return (Ann) | -0.99% | -5.60% |
| Sharpe Ratio | 2.30 | 1.42 |
| Sortino Ratio | 3.23 | 2.23 |
| Omega Ratio | 1.46 | 1.26 |
| Calmar Ratio | 0.83 | 0.49 |
| Martin Ratio | 15.22 | 8.63 |
| Ulcer Index | 0.85% | 2.04% |
| Daily Std Dev | 5.60% | 12.35% |
| Max Drawdown | -29.57% | -42.54% |
| Current Drawdown | -3.87% | -23.61% |
Correlation
The correlation between HYMB and NDMO is 0.35, 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. NDMO - Performance Comparison
In the year-to-date period, HYMB achieves a 5.92% return, which is significantly lower than NDMO's 15.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HYMB vs. NDMO - 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 Nuveen Dynamic Municipal Opportunities Fund (NDMO). 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. NDMO - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.19%, less than NDMO's 6.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.19% | 4.06% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% | 5.17% |
NDMO Nuveen Dynamic Municipal Opportunities Fund | 6.90% | 7.81% | 9.30% | 5.55% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYMB vs. NDMO - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, smaller than the maximum NDMO drawdown of -42.54%. Use the drawdown chart below to compare losses from any high point for HYMB and NDMO. For additional features, visit the drawdowns tool.
Volatility
HYMB vs. NDMO - Volatility Comparison
The current volatility for SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) is 2.32%, while Nuveen Dynamic Municipal Opportunities Fund (NDMO) has a volatility of 3.01%. This indicates that HYMB experiences smaller price fluctuations and is considered to be less risky than NDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.