ITM vs. HYMB

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Intermediate Muni ETF (ITM) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).

ITM and HYMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITM is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Intermediate Continuous. It was launched on Dec 4, 2007. 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. Both ITM and HYMB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ITM vs. HYMB - Performance Comparison

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

ITM vs. HYMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ITM VanEck Intermediate Muni ETF	-0.78%	5.34%	0.73%	5.69%	-9.33%	0.21%	5.87%	8.46%	0.96%	6.13%
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF	0.82%	2.04%	5.52%	7.73%	-15.54%	5.16%	3.74%	9.51%	4.91%	3.22%

Returns By Period

In the year-to-date period, ITM achieves a -0.78% return, which is significantly lower than HYMB's 0.82% return. Over the past 10 years, ITM has underperformed HYMB with an annualized return of 1.95%, while HYMB has yielded a comparatively higher 2.52% annualized return.

ITM

• 1D: 0.31%
• 1M: -2.46%
• YTD: -0.78%
• 6M: 1.21%
• 1Y: 5.00%
• 3Y*: 2.85%
• 5Y*: 0.46%
• 10Y*: 1.95%

HYMB

• 1D: 0.64%
• 1M: -1.35%
• YTD: 0.82%
• 6M: 2.23%
• 1Y: 2.88%
• 3Y*: 4.34%
• 5Y*: 0.49%
• 10Y*: 2.52%

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

ITM vs. HYMB - Expense Ratio Comparison

ITM has a 0.24% expense ratio, which is lower than HYMB's 0.35% expense ratio.

HYMB

SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF

ITM

VanEck Intermediate Muni ETF

Return for Risk

ITM vs. HYMB — Risk / Return Rank

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

ITM

ITM Risk / Return Rank: 60
ITM Sharpe Ratio Rank: 65
ITM Sortino Ratio Rank: 54
ITM Omega Ratio Rank: 72
ITM Calmar Ratio Rank: 58
ITM Martin Ratio Rank: 52

HYMB

HYMB Risk / Return Rank: 25
HYMB Sharpe Ratio Rank: 26
HYMB Sortino Ratio Rank: 21
HYMB Omega Ratio Rank: 27
HYMB Calmar Ratio Rank: 28
HYMB Martin Ratio Rank: 24

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.

ITM vs. HYMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) 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.

	ITM	HYMB	Difference
Sharpe ratio Return per unit of total volatility	1.20	0.49	+0.71
Sortino ratio Return per unit of downside risk	1.49	0.61	+0.87
Omega ratio Gain probability vs. loss probability	1.28	1.12	+0.16
Calmar ratio Return relative to maximum drawdown	1.57	0.71	+0.87
Martin ratio Return relative to average drawdown	5.30	1.74	+3.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITM vs. HYMB - Sharpe Ratio Comparison

The current ITM Sharpe Ratio is 1.20, which is higher than the HYMB Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of ITM and HYMB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ITM	HYMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	0.49	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.07	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.22	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.44	-0.01

Correlation

The correlation between ITM and HYMB is 0.53, 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.

Dividends

ITM vs. HYMB - Dividend Comparison

ITM's dividend yield for the trailing twelve months is around 2.95%, less than HYMB's 4.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITM VanEck Intermediate Muni ETF	2.95%	2.86%	2.73%	2.40%	1.92%	1.70%	2.13%	2.44%	2.33%	2.21%	2.29%	2.28%
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF	4.59%	4.55%	4.29%	4.07%	3.77%	3.19%	3.55%	3.95%	4.03%	3.78%	4.08%	4.54%

Drawdowns

ITM vs. HYMB - Drawdown Comparison

The maximum ITM drawdown since its inception was -24.75%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for ITM and HYMB.

Drawdown Indicators

	ITM	HYMB	Difference
Max Drawdown Largest peak-to-trough decline	-24.75%	-29.57%	+4.82%
Max Drawdown (1Y) Largest decline over 1 year	-3.43%	-5.07%	+1.64%
Max Drawdown (5Y) Largest decline over 5 years	-15.11%	-20.15%	+5.04%
Max Drawdown (10Y) Largest decline over 10 years	-24.75%	-29.57%	+4.82%
Current Drawdown Current decline from peak	-2.69%	-1.57%	-1.12%
Average Drawdown Average peak-to-trough decline	-2.99%	-3.84%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	2.06%	-1.04%

Volatility

ITM vs. HYMB - Volatility Comparison

The current volatility for VanEck Intermediate Muni ETF (ITM) is 1.34%, while SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a volatility of 2.21%. This indicates that ITM 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.

Volatility by Period

	ITM	HYMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	2.21%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	2.01%	2.95%	-0.94%
Volatility (1Y) Calculated over the trailing 1-year period	4.21%	5.95%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.28%	6.63%	-2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.09%	11.34%	-4.25%