HYMB vs. VTEB
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and Vanguard Tax-Exempt Bond ETF (VTEB).
HYMB and VTEB 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. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015. Both HYMB and VTEB 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 VTEB.
Correlation
The correlation between HYMB and VTEB is 0.00, 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. VTEB - Performance Comparison
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Key characteristics
HYMB:
0.06
VTEB:
0.10
HYMB:
0.14
VTEB:
0.16
HYMB:
1.02
VTEB:
1.02
HYMB:
0.07
VTEB:
0.10
HYMB:
0.29
VTEB:
0.32
HYMB:
2.00%
VTEB:
1.52%
HYMB:
6.65%
VTEB:
4.73%
HYMB:
-29.57%
VTEB:
-17.00%
HYMB:
-6.72%
VTEB:
-2.92%
Returns By Period
In the year-to-date period, HYMB achieves a -2.60% return, which is significantly lower than VTEB's -1.35% return.
HYMB
-2.60%
1.21%
-2.96%
0.45%
2.40%
2.52%
VTEB
-1.35%
1.15%
-1.63%
0.64%
0.91%
N/A
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HYMB vs. VTEB - Expense Ratio Comparison
HYMB has a 0.35% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
HYMB vs. VTEB — Risk-Adjusted Performance Rank
HYMB
VTEB
HYMB vs. VTEB - 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 Vanguard Tax-Exempt Bond ETF (VTEB). 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.
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Dividends
HYMB vs. VTEB - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.52%, more than VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.52% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.27% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
HYMB vs. VTEB - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for HYMB and VTEB. For additional features, visit the drawdowns tool.
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Volatility
HYMB vs. VTEB - Volatility Comparison
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 1.58% and 1.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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