HYMB vs. NEAR
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and iShares Short Maturity Bond ETF (NEAR).
HYMB and NEAR 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. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYMB or NEAR.
Key characteristics
| HYMB | NEAR | |
|---|---|---|
| YTD Return | 4.77% | 4.45% |
| 1Y Return | 11.68% | 6.92% |
| 3Y Return (Ann) | -1.21% | 4.03% |
| 5Y Return (Ann) | 1.03% | 2.84% |
| 10Y Return (Ann) | 2.93% | 2.26% |
| Sharpe Ratio | 2.24 | 3.94 |
| Sortino Ratio | 3.11 | 6.36 |
| Omega Ratio | 1.44 | 1.89 |
| Calmar Ratio | 0.80 | 9.77 |
| Martin Ratio | 14.66 | 28.09 |
| Ulcer Index | 0.84% | 0.25% |
| Daily Std Dev | 5.53% | 1.75% |
| Max Drawdown | -29.57% | -9.60% |
| Current Drawdown | -4.91% | -0.49% |
Correlation
The correlation between HYMB and NEAR is 0.21, 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. NEAR - Performance Comparison
In the year-to-date period, HYMB achieves a 4.77% return, which is significantly higher than NEAR's 4.45% return. Over the past 10 years, HYMB has outperformed NEAR with an annualized return of 2.93%, while NEAR has yielded a comparatively lower 2.26% annualized 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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HYMB vs. NEAR - Expense Ratio Comparison
HYMB has a 0.35% expense ratio, which is higher than NEAR's 0.25% expense ratio.
Risk-Adjusted Performance
HYMB vs. NEAR - 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 Short Maturity Bond ETF (NEAR). 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. NEAR - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.24%, less than NEAR's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.24% | 4.06% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% | 5.17% |
NEAR iShares Short Maturity Bond ETF | 5.15% | 4.58% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% | 0.15% |
Drawdowns
HYMB vs. NEAR - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, which is greater than NEAR's maximum drawdown of -9.60%. Use the drawdown chart below to compare losses from any high point for HYMB and NEAR. For additional features, visit the drawdowns tool.
Volatility
HYMB vs. NEAR - Volatility Comparison
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a higher volatility of 2.02% compared to iShares Short Maturity Bond ETF (NEAR) at 0.41%. This indicates that HYMB's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.