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ITM vs. HYMB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ITM and HYMB is 0.51, 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.


-0.50.00.51.00.5

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.

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
1.14%
1.60%
ITM
HYMB

Key characteristics

Sharpe Ratio

ITM:

0.15

HYMB:

0.89

Sortino Ratio

ITM:

0.23

HYMB:

1.22

Omega Ratio

ITM:

1.03

HYMB:

1.17

Calmar Ratio

ITM:

0.08

HYMB:

0.46

Martin Ratio

ITM:

0.48

HYMB:

5.08

Ulcer Index

ITM:

1.23%

HYMB:

0.95%

Daily Std Dev

ITM:

3.96%

HYMB:

5.43%

Max Drawdown

ITM:

-24.75%

HYMB:

-29.57%

Current Drawdown

ITM:

-5.00%

HYMB:

-4.98%

Returns By Period

In the year-to-date period, ITM achieves a 0.18% return, which is significantly lower than HYMB's 4.69% return. Over the past 10 years, ITM has underperformed HYMB with an annualized return of 2.01%, while HYMB has yielded a comparatively higher 2.74% annualized return.


ITM

YTD

0.18%

1M

-0.28%

6M

1.23%

1Y

0.52%

5Y*

0.37%

10Y*

2.01%

HYMB

YTD

4.69%

1M

-1.65%

6M

1.76%

1Y

4.78%

5Y*

0.78%

10Y*

2.74%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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
Expense ratio chart for HYMB: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for ITM: current value at 0.24% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.24%

Risk-Adjusted Performance

ITM vs. HYMB - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for ITM, currently valued at 0.15, compared to the broader market0.002.004.000.150.89
The chart of Sortino ratio for ITM, currently valued at 0.23, compared to the broader market-2.000.002.004.006.008.0010.000.231.22
The chart of Omega ratio for ITM, currently valued at 1.03, compared to the broader market0.501.001.502.002.503.001.031.17
The chart of Calmar ratio for ITM, currently valued at 0.07, compared to the broader market0.005.0010.0015.000.080.46
The chart of Martin ratio for ITM, currently valued at 0.48, compared to the broader market0.0020.0040.0060.0080.00100.000.485.08
ITM
HYMB

The current ITM Sharpe Ratio is 0.15, which is lower than the HYMB Sharpe Ratio of 0.89. 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.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.15
0.89
ITM
HYMB

Dividends

ITM vs. HYMB - Dividend Comparison

ITM's dividend yield for the trailing twelve months is around 2.71%, less than HYMB's 4.32% yield.


TTM20232022202120202019201820172016201520142013
ITM
VanEck Intermediate Muni ETF
2.71%2.39%1.92%1.70%2.13%2.32%2.34%2.21%2.29%2.27%2.43%2.63%
HYMB
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF
4.32%4.06%3.77%3.19%3.55%3.95%4.03%3.78%4.08%4.54%4.49%5.17%

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. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%JulyAugustSeptemberOctoberNovemberDecember
-5.00%
-4.98%
ITM
HYMB

Volatility

ITM vs. HYMB - Volatility Comparison

The current volatility for VanEck Intermediate Muni ETF (ITM) is 1.33%, while SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a volatility of 1.74%. 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.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.33%
1.74%
ITM
HYMB
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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