HYMB vs. NVG
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and Nuveen AMT-Free Municipal Credit Income Fund (NVG).
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.
Performance
HYMB vs. NVG - Performance Comparison
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HYMB vs. NVG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 0.82% | 2.04% | 5.52% | 7.73% | -15.54% | 5.16% | 3.74% | 9.51% | 4.91% | 3.22% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 0.63% | 11.61% | 10.79% | 1.94% | -28.47% | 12.14% | 6.40% | 25.63% | -4.03% | 13.19% |
Returns By Period
In the year-to-date period, HYMB achieves a 0.82% return, which is significantly higher than NVG's 0.63% return. Over the past 10 years, HYMB has underperformed NVG with an annualized return of 2.52%, while NVG has yielded a comparatively higher 3.89% annualized return.
HYMB
- 1D
- 0.64%
- 1M
- -1.35%
- YTD
- 0.82%
- 6M
- 2.23%
- 1Y
- 2.88%
- 3Y*
- 4.34%
- 5Y*
- 0.49%
- 10Y*
- 2.52%
NVG
- 1D
- 1.46%
- 1M
- -4.78%
- YTD
- 0.63%
- 6M
- 4.53%
- 1Y
- 8.78%
- 3Y*
- 8.96%
- 5Y*
- -0.06%
- 10Y*
- 3.89%
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Return for Risk
HYMB vs. NVG — Risk / Return Rank
HYMB
NVG
HYMB vs. NVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and Nuveen AMT-Free Municipal Credit Income Fund (NVG). 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.
| HYMB | NVG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.76 | -0.27 |
Sortino ratioReturn per unit of downside risk | 0.61 | 1.09 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.16 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.87 | -0.17 |
Martin ratioReturn relative to average drawdown | 1.74 | 2.85 | -1.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYMB | NVG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.76 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | -0.01 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.30 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.39 | +0.05 |
Correlation
The correlation between HYMB and NVG is 0.33, 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.
Dividends
HYMB vs. NVG - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.59%, less than NVG's 7.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.59% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.58% | 7.49% | 6.74% | 4.45% | 6.18% | 4.69% | 5.24% | 4.94% | 6.07% | 5.67% | 6.17% | 5.46% |
Drawdowns
HYMB vs. NVG - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, smaller than the maximum NVG drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for HYMB and NVG.
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Drawdown Indicators
| HYMB | NVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.57% | -41.72% | +12.15% |
Max Drawdown (1Y)Largest decline over 1 year | -5.07% | -10.44% | +5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -20.15% | -40.58% | +20.43% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -40.58% | +11.01% |
Current DrawdownCurrent decline from peak | -1.57% | -9.26% | +7.69% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -7.92% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 3.20% | -1.14% |
Volatility
HYMB vs. NVG - Volatility Comparison
The current volatility for SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) is 2.21%, while Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a volatility of 5.39%. This indicates that HYMB experiences smaller price fluctuations and is considered to be less risky than NVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYMB | NVG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 5.39% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 7.51% | -4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 11.64% | -5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 12.90% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.34% | 12.80% | -1.46% |