Correlation
The correlation between IMSI and HYMB is 0.16, 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.
IMSI vs. HYMB
Compare and contrast key facts about Invesco Municipal Strategic Income ETF (IMSI) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
IMSI and HYMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMSI is an actively managed fund by Invesco. It was launched on Dec 5, 2022. HYMB is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Yield. It was launched on Apr 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMSI or HYMB.
Performance
IMSI vs. HYMB - Performance Comparison
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Key characteristics
IMSI:
0.27
HYMB:
0.30
IMSI:
0.34
HYMB:
0.37
IMSI:
1.06
HYMB:
1.06
IMSI:
0.27
HYMB:
0.21
IMSI:
0.86
HYMB:
0.82
IMSI:
1.08%
HYMB:
2.22%
IMSI:
3.83%
HYMB:
6.72%
IMSI:
-4.79%
HYMB:
-29.57%
IMSI:
-1.66%
HYMB:
-5.99%
Returns By Period
In the year-to-date period, IMSI achieves a -0.13% return, which is significantly higher than HYMB's -1.84% return.
IMSI
-0.13%
0.25%
-0.85%
1.23%
N/A
N/A
N/A
HYMB
-1.84%
0.38%
-3.33%
2.03%
1.71%
1.91%
2.52%
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IMSI vs. HYMB - Expense Ratio Comparison
IMSI has a 0.39% expense ratio, which is higher than HYMB's 0.35% expense ratio.
Risk-Adjusted Performance
IMSI vs. HYMB — Risk-Adjusted Performance Rank
IMSI
HYMB
IMSI vs. HYMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Strategic Income ETF (IMSI) 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.
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Dividends
IMSI vs. HYMB - Dividend Comparison
IMSI's dividend yield for the trailing twelve months is around 3.20%, less than HYMB's 4.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMSI Invesco Municipal Strategic Income ETF | 3.20% | 2.08% | 4.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.48% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% |
Drawdowns
IMSI vs. HYMB - Drawdown Comparison
The maximum IMSI drawdown since its inception was -4.79%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for IMSI and HYMB.
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Volatility
IMSI vs. HYMB - Volatility Comparison
The current volatility for Invesco Municipal Strategic Income ETF (IMSI) is 1.15%, while SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a volatility of 1.49%. This indicates that IMSI experiences smaller price fluctuations and is considered to be less risky than HYMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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