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

Performance

HYMB vs. NEAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and iShares Short Maturity Bond ETF (NEAR). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
4.53%
3.35%
HYMB
NEAR

Returns By Period

In the year-to-date period, HYMB achieves a 6.53% return, which is significantly higher than NEAR's 4.37% return. Over the past 10 years, HYMB has outperformed NEAR with an annualized return of 3.09%, while NEAR has yielded a comparatively lower 2.25% annualized return.


HYMB

YTD

6.53%

1M

-0.34%

6M

4.20%

1Y

11.69%

5Y (annualized)

1.25%

10Y (annualized)

3.09%

NEAR

YTD

4.37%

1M

-0.25%

6M

3.28%

1Y

6.43%

5Y (annualized)

2.81%

10Y (annualized)

2.25%

Key characteristics


HYMBNEAR
Sharpe Ratio2.223.76
Sortino Ratio3.105.86
Omega Ratio1.441.83
Calmar Ratio0.908.46
Martin Ratio13.8624.16
Ulcer Index0.87%0.27%
Daily Std Dev5.43%1.72%
Max Drawdown-29.57%-9.60%
Current Drawdown-3.32%-0.57%

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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.


HYMB
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF
Expense ratio chart for HYMB: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for NEAR: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Correlation

-0.50.00.51.00.2

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.

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.


Sharpe ratio
The chart of Sharpe ratio for HYMB, currently valued at 2.22, compared to the broader market0.002.004.006.002.223.76
The chart of Sortino ratio for HYMB, currently valued at 3.10, compared to the broader market-2.000.002.004.006.008.0010.0012.003.105.86
The chart of Omega ratio for HYMB, currently valued at 1.44, compared to the broader market0.501.001.502.002.503.001.441.83
The chart of Calmar ratio for HYMB, currently valued at 0.90, compared to the broader market0.005.0010.0015.000.908.46
The chart of Martin ratio for HYMB, currently valued at 13.86, compared to the broader market0.0020.0040.0060.0080.00100.00120.0013.8624.16
HYMB
NEAR

The current HYMB Sharpe Ratio is 2.22, which is lower than the NEAR Sharpe Ratio of 3.76. The chart below compares the historical Sharpe Ratios of HYMB and NEAR, 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 Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
2.22
3.76
HYMB
NEAR

Dividends

HYMB vs. NEAR - Dividend Comparison

HYMB's dividend yield for the trailing twelve months is around 4.17%, less than NEAR's 5.16% yield.


TTM20232022202120202019201820172016201520142013
HYMB
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF
4.17%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
5.16%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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.32%
-0.57%
HYMB
NEAR

Volatility

HYMB vs. NEAR - Volatility Comparison

SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a higher volatility of 2.26% compared to iShares Short Maturity Bond ETF (NEAR) at 0.48%. 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.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
2.26%
0.48%
HYMB
NEAR