HYMU vs. CCRV
Compare and contrast key facts about BlackRock High Yield Muni Income Bond ETF (HYMU) and iShares Commodity Curve Carry Strategy ETF (CCRV).
HYMU and CCRV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021. CCRV is a passively managed fund by iShares that tracks the performance of the CCRV-US - ICE BofA Commodity Enhanced Carry Index. It was launched on Sep 1, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYMU or CCRV.
Key characteristics
| HYMU | CCRV | |
|---|---|---|
| YTD Return | 7.31% | 4.58% |
| 1Y Return | 14.99% | 2.53% |
| 3Y Return (Ann) | -0.16% | 9.67% |
| Sharpe Ratio | 2.85 | 0.18 |
| Sortino Ratio | 4.25 | 0.35 |
| Omega Ratio | 1.58 | 1.04 |
| Calmar Ratio | 1.04 | 0.22 |
| Martin Ratio | 20.31 | 0.62 |
| Ulcer Index | 0.77% | 4.22% |
| Daily Std Dev | 5.45% | 14.51% |
| Max Drawdown | -22.55% | -24.81% |
| Current Drawdown | -2.25% | -6.73% |
Correlation
The correlation between HYMU and CCRV is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
HYMU vs. CCRV - Performance Comparison
In the year-to-date period, HYMU achieves a 7.31% return, which is significantly higher than CCRV's 4.58% 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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HYMU vs. CCRV - Expense Ratio Comparison
HYMU has a 0.35% expense ratio, which is lower than CCRV's 0.40% expense ratio.
Risk-Adjusted Performance
HYMU vs. CCRV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Muni Income Bond ETF (HYMU) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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
HYMU vs. CCRV - Dividend Comparison
HYMU's dividend yield for the trailing twelve months is around 4.20%, less than CCRV's 6.94% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
HYMU BlackRock High Yield Muni Income Bond ETF | 4.20% | 4.36% | 4.02% | 2.96% |
CCRV iShares Commodity Curve Carry Strategy ETF | 6.94% | 7.26% | 33.27% | 26.22% |
Drawdowns
HYMU vs. CCRV - Drawdown Comparison
The maximum HYMU drawdown since its inception was -22.55%, smaller than the maximum CCRV drawdown of -24.81%. Use the drawdown chart below to compare losses from any high point for HYMU and CCRV. For additional features, visit the drawdowns tool.
Volatility
HYMU vs. CCRV - Volatility Comparison
The current volatility for BlackRock High Yield Muni Income Bond ETF (HYMU) is 2.03%, while iShares Commodity Curve Carry Strategy ETF (CCRV) has a volatility of 5.12%. This indicates that HYMU experiences smaller price fluctuations and is considered to be less risky than CCRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.