HYMU vs. VKQ
Compare and contrast key facts about BlackRock High Yield Muni Income Bond ETF (HYMU) and Invesco Municipal Trust (VKQ).
HYMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYMU or VKQ.
Key characteristics
| HYMU | VKQ | |
|---|---|---|
| YTD Return | 7.13% | 11.98% |
| 1Y Return | 13.26% | 20.49% |
| 3Y Return (Ann) | -0.21% | -4.48% |
| Sharpe Ratio | 2.62 | 2.32 |
| Sortino Ratio | 3.90 | 3.58 |
| Omega Ratio | 1.53 | 1.46 |
| Calmar Ratio | 1.01 | 0.77 |
| Martin Ratio | 18.43 | 13.32 |
| Ulcer Index | 0.77% | 1.73% |
| Daily Std Dev | 5.44% | 9.94% |
| Max Drawdown | -22.55% | -51.05% |
| Current Drawdown | -2.42% | -15.16% |
Correlation
The correlation between HYMU and VKQ is 0.45, 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. VKQ - Performance Comparison
In the year-to-date period, HYMU achieves a 7.13% return, which is significantly lower than VKQ's 11.98% 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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Risk-Adjusted Performance
HYMU vs. VKQ - 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 Municipal Trust (VKQ). 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. VKQ - Dividend Comparison
HYMU's dividend yield for the trailing twelve months is around 4.21%, less than VKQ's 5.34% 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% |
VKQ Invesco Municipal Trust | 5.34% | 4.60% | 5.63% | 4.71% | 4.66% | 4.99% | 5.98% | 5.76% | 6.43% | 6.39% | 6.37% | 7.35% |
Drawdowns
HYMU vs. VKQ - Drawdown Comparison
The maximum HYMU drawdown since its inception was -22.55%, smaller than the maximum VKQ drawdown of -51.05%. Use the drawdown chart below to compare losses from any high point for HYMU and VKQ. For additional features, visit the drawdowns tool.
Volatility
HYMU vs. VKQ - Volatility Comparison
The current volatility for BlackRock High Yield Muni Income Bond ETF (HYMU) is 2.01%, while Invesco Municipal Trust (VKQ) has a volatility of 2.62%. This indicates that HYMU experiences smaller price fluctuations and is considered to be less risky than VKQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.