IBMM vs. HYMB

Last updated Jun 5, 2026

IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) and HYMB (SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF) are both Municipal Bonds funds - IBMM tracks the S&P AMT-Free Municipal Series Dec 2024 Index while HYMB tracks the Bloomberg Municipal Yield. Both are passively managed. IBMM charges 0.18%/yr vs 0.35%/yr for HYMB.

Performance

IBMM vs. HYMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYMB

• 1D: 0.20%
• 1M: 1.19%
• YTD: 3.07%
• 6M: 3.18%
• 1Y: 7.38%
• 3Y*: 5.23%
• 5Y*: 0.46%
• 10Y*: 2.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBMM vs. HYMB - Yearly Performance Comparison

	2026 (YTD)
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF	2.03%

Return for Risk

IBMM vs. HYMB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYMB

HYMB Risk / Return Rank: 55
HYMB Sharpe Ratio Rank: 55
HYMB Sortino Ratio Rank: 56
HYMB Omega Ratio Rank: 62
HYMB Calmar Ratio Rank: 49
HYMB Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBMM vs. HYMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBMM	HYMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.83	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.07	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.45	—

Drawdowns

IBMM vs. HYMB - Drawdown Comparison

The maximum IBMM drawdown since its inception was 0.00%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for IBMM and HYMB.

Drawdown Indicators

	IBMM	HYMB	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-29.57%	+29.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-3.80%	+3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.88%	—

Volatility

Volatility by Period

	IBMM	HYMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	4.06%	-4.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	6.66%	-6.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	11.35%	-11.35%

IBMM vs. HYMB - Expense Ratio Comparison

IBMM has a 0.18% expense ratio, which is lower than HYMB's 0.35% expense ratio.

Dividends

IBMM vs. HYMB - Dividend Comparison

IBMM has not paid dividends to shareholders, while HYMB's dividend yield for the trailing twelve months is around 4.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF	4.54%	4.55%	4.29%	4.07%	3.77%	3.19%	3.55%	3.95%	4.03%	3.78%	4.08%	4.54%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IBMM or HYMB?

On fees, IBMM is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBMM or HYMB?

IBMM is cheaper with a 0.18% expense ratio, compared with 0.35% for HYMB.

Which ETF pays a higher dividend yield, IBMM or HYMB?

HYMB has the higher dividend yield at 4.54%, compared with 0.00% for IBMM.

What is the main difference between IBMM and HYMB?

IBMM tracks S&P AMT-Free Municipal Series Dec 2024 Index, while HYMB tracks Bloomberg Municipal Yield. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for IBMM and 0.35% for HYMB.