HYMU vs. TFI
Compare and contrast key facts about BlackRock High Yield Muni Income Bond ETF (HYMU) and SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI).
HYMU and TFI 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. TFI is a passively managed fund by State Street that tracks the performance of the Bloomberg US Municipal Managed Money (1-25 Y). It was launched on Sep 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYMU or TFI.
Key characteristics
| HYMU | TFI | |
|---|---|---|
| YTD Return | 6.99% | 0.05% |
| 1Y Return | 14.09% | 6.22% |
| 3Y Return (Ann) | -0.26% | -1.59% |
| Sharpe Ratio | 2.68 | 1.50 |
| Sortino Ratio | 4.00 | 2.20 |
| Omega Ratio | 1.54 | 1.29 |
| Calmar Ratio | 1.00 | 0.58 |
| Martin Ratio | 19.02 | 5.13 |
| Ulcer Index | 0.77% | 1.27% |
| Daily Std Dev | 5.46% | 4.35% |
| Max Drawdown | -22.55% | -15.49% |
| Current Drawdown | -2.55% | -5.73% |
Correlation
The correlation between HYMU and TFI is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYMU vs. TFI - Performance Comparison
In the year-to-date period, HYMU achieves a 6.99% return, which is significantly higher than TFI's 0.05% 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. TFI - Expense Ratio Comparison
HYMU has a 0.35% expense ratio, which is higher than TFI's 0.23% expense ratio.
Risk-Adjusted Performance
HYMU vs. TFI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Muni Income Bond ETF (HYMU) and SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI). 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. TFI - Dividend Comparison
HYMU's dividend yield for the trailing twelve months is around 4.21%, more than TFI's 2.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMU BlackRock High Yield Muni Income Bond ETF | 4.21% | 4.36% | 4.02% | 2.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF | 2.95% | 2.41% | 1.87% | 1.71% | 2.04% | 2.14% | 2.25% | 2.16% | 2.39% | 2.40% | 2.37% | 3.35% |
Drawdowns
HYMU vs. TFI - Drawdown Comparison
The maximum HYMU drawdown since its inception was -22.55%, which is greater than TFI's maximum drawdown of -15.49%. Use the drawdown chart below to compare losses from any high point for HYMU and TFI. For additional features, visit the drawdowns tool.
Volatility
HYMU vs. TFI - Volatility Comparison
The current volatility for BlackRock High Yield Muni Income Bond ETF (HYMU) is 2.04%, while SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) has a volatility of 2.16%. This indicates that HYMU experiences smaller price fluctuations and is considered to be less risky than TFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.