HYMU vs. QVML
Compare and contrast key facts about BlackRock High Yield Muni Income Bond ETF (HYMU) and Invesco S&P 500 QVM Multi-factor ETF (QVML).
HYMU and QVML 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. QVML is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality, Value &Momentum Top 90% Multi-Factor Index - Benchmark TR Gross. It was launched on Jun 30, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYMU or QVML.
Key characteristics
| HYMU | QVML | |
|---|---|---|
| YTD Return | 7.81% | 20.61% |
| 1Y Return | 14.79% | 29.85% |
| 3Y Return (Ann) | -0.31% | 10.38% |
| Sharpe Ratio | 2.23 | 2.33 |
| Daily Std Dev | 6.71% | 12.66% |
| Max Drawdown | -22.55% | -23.53% |
| Current Drawdown | -1.80% | -0.67% |
Correlation
The correlation between HYMU and QVML 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
HYMU vs. QVML - Performance Comparison
In the year-to-date period, HYMU achieves a 7.81% return, which is significantly lower than QVML's 20.61% 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. QVML - Expense Ratio Comparison
HYMU has a 0.35% expense ratio, which is higher than QVML's 0.11% expense ratio.
Risk-Adjusted Performance
HYMU vs. QVML - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Muni Income Bond ETF (HYMU) and Invesco S&P 500 QVM Multi-factor ETF (QVML). 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. QVML - Dividend Comparison
HYMU's dividend yield for the trailing twelve months is around 4.31%, more than QVML's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
HYMU BlackRock High Yield Muni Income Bond ETF | 4.31% | 4.35% | 4.01% | 2.97% |
QVML Invesco S&P 500 QVM Multi-factor ETF | 0.87% | 1.43% | 1.72% | 0.62% |
Drawdowns
HYMU vs. QVML - Drawdown Comparison
The maximum HYMU drawdown since its inception was -22.55%, roughly equal to the maximum QVML drawdown of -23.53%. Use the drawdown chart below to compare losses from any high point for HYMU and QVML. For additional features, visit the drawdowns tool.
Volatility
HYMU vs. QVML - Volatility Comparison
The current volatility for BlackRock High Yield Muni Income Bond ETF (HYMU) is 1.10%, while Invesco S&P 500 QVM Multi-factor ETF (QVML) has a volatility of 3.95%. This indicates that HYMU experiences smaller price fluctuations and is considered to be less risky than QVML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.