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SHYD vs. REMX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SHYD vs. REMX

Last updated Jun 4, 2026

SHYD (VanEck Short High Yield Muni ETF) and REMX (VanEck Vectors Rare Earth/Strategic Metals ETF) are both exchange-traded funds - SHYD is a Municipal Bonds fund tracking the Bloomberg Municipal High Yield Short Duration, while REMX is a Materials fund tracking the MVIS Global Rare Earth/Strategic Metals Index. Both are passively managed. Over the past 10 years, SHYD returned 2.02%/yr vs 10.14%/yr for REMX. At a 0.07 correlation, their price movements are largely independent. SHYD charges 0.35%/yr vs 0.59%/yr for REMX.

Performance

SHYD vs. REMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Short High Yield Muni ETF (SHYD) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SHYD achieves a 0.74% return, which is significantly lower than REMX's 33.01% return. Over the past 10 years, SHYD has underperformed REMX with an annualized return of 2.02%, while REMX has yielded a comparatively higher 10.14% annualized return.

SHYD

1D
-0.09%
1M
0.48%
YTD
0.74%
6M
1.44%
1Y
5.37%
3Y*
4.40%
5Y*
0.93%
10Y*
2.02%

REMX

1D
-3.78%
1M
-3.72%
YTD
33.01%
6M
37.14%
1Y
172.35%
3Y*
6.84%
5Y*
4.50%
10Y*
10.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SHYD vs. REMX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SHYD
VanEck Short High Yield Muni ETF		0.74%5.58%4.85%2.39%-9.11%4.04%1.56%7.55%3.26%4.89%
REMX
VanEck Vectors Rare Earth/Strategic Metals ETF		33.01%92.95%-35.02%-19.18%-31.13%79.81%64.82%0.74%-49.63%82.60%

Correlation

The correlation between SHYD and REMX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.13

Correlation (10Y)
Calculated over the trailing 10-year period

0.09

Correlation (All Time)
Calculated using the full available price history since Jan 15, 2014

0.07

The correlation between SHYD and REMX shifts across timeframes, from 0.07 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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VanEck Short High Yield Muni ETF

VanEck Vectors Rare Earth/Strategic Metals ETF

Often compared with SHYD:
SHYD vs. SGOVSHYD vs. MUSTSHYD vs. FLMISHYD vs. FLRTSHYD vs. MUBSHYD vs. QQQSHYD vs. BKLN
Often compared with REMX:
REMX vs. LITREMX vs. XLBREMX vs. USARREMX vs. COPXREMX vs. RAREREMX vs. GNRREMX vs. WTRE

Return for Risk

SHYD vs. REMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHYD
SHYD Risk / Return Rank: 5353
Overall Rank
SHYD Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SHYD Sortino Ratio Rank: 5656
Sortino Ratio Rank
SHYD Omega Ratio Rank: 5959
Omega Ratio Rank
SHYD Calmar Ratio Rank: 5050
Calmar Ratio Rank
SHYD Martin Ratio Rank: 4848
Martin Ratio Rank
REMX
REMX Risk / Return Rank: 8787
Overall Rank
REMX Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
REMX Sortino Ratio Rank: 8080
Sortino Ratio Rank
REMX Omega Ratio Rank: 7575
Omega Ratio Rank
REMX Calmar Ratio Rank: 9494
Calmar Ratio Rank
REMX Martin Ratio Rank: 9090
Martin Ratio Rank
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.

SHYD vs. REMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Short High Yield Muni ETF (SHYD) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX). 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.

SHYDREMXDifference
Sharpe ratioReturn per unit of total volatility
1.80
3.61

-1.81

Sortino ratioReturn per unit of downside risk
2.71
3.66

-0.96

Omega ratioGain probability vs. loss probability

1.37

1.46

-0.09

Calmar ratioReturn relative to maximum drawdown

2.48

7.43

-4.94

Martin ratioReturn relative to average drawdown

8.17

21.32

-13.15

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHYD vs. REMX - Sharpe Ratio Comparison

The current SHYD Sharpe Ratio is 1.80, which is lower than the REMX Sharpe Ratio of 3.61. The chart below compares the historical Sharpe Ratios of SHYD and REMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SHYDREMXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.80

3.61

-1.81

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.17

0.11

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.21

0.28

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

-0.08

+0.33

Drawdowns

SHYD vs. REMX - Drawdown Comparison

The maximum SHYD drawdown since its inception was -31.22%, smaller than the maximum REMX drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for SHYD and REMX.

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Drawdown Indicators

SHYDREMXDifference

Max Drawdown

Largest peak-to-trough decline

-31.22%

-90.20%

+58.98%

Max Drawdown (1Y)

Largest decline over 1 year

-2.17%

-23.35%

+21.18%

Max Drawdown (3Y)

Largest decline over 3 years

-4.17%

-62.11%

+57.94%

Max Drawdown (5Y)

Largest decline over 5 years

-13.32%

-73.34%

+60.02%

Max Drawdown (10Y)

Largest decline over 10 years

-31.22%

-73.34%

+42.12%

Current Drawdown

Current decline from peak

-0.39%

-54.98%

+54.59%

Average Drawdown

Average peak-to-trough decline

-3.03%

-66.87%

+63.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.66%

8.12%

-7.46%

Volatility

SHYD vs. REMX - Volatility Comparison

The current volatility for VanEck Short High Yield Muni ETF (SHYD) is 0.84%, while VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) has a volatility of 13.02%. This indicates that SHYD experiences smaller price fluctuations and is considered to be less risky than REMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SHYDREMXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.84%

13.02%

-12.18%

Volatility (6M)

Calculated over the trailing 6-month period

1.93%

34.77%

-32.84%

Volatility (1Y)

Calculated over the trailing 1-year period

3.00%

48.11%

-45.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.37%

40.24%

-34.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.69%

36.94%

-27.25%

SHYD vs. REMX - Expense Ratio Comparison

SHYD has a 0.35% expense ratio, which is lower than REMX's 0.59% expense ratio.

Dividends

SHYD vs. REMX - Dividend Comparison

SHYD's dividend yield for the trailing twelve months is around 3.51%, more than REMX's 1.32% yield.

PositionTTM20252024202320222021202020192018201720162015
REMX
VanEck Vectors Rare Earth/Strategic Metals ETF		1.32%1.76%2.56%0.00%1.56%5.25%0.81%1.64%12.43%2.89%2.23%4.77%
SHYD
VanEck Short High Yield Muni ETF		3.51%3.50%3.16%2.99%2.66%2.56%3.05%3.19%3.17%3.11%2.97%3.26%

Frequently Asked Questions

SHYD and REMX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

REMX has higher volatility (13.02%) compared to SHYD (0.84%). In terms of maximum drawdown, SHYD dropped -31.22% vs REMX's -90.20%.

On 10-year performance, REMX leads with 10.14% vs 2.02% for SHYD. On fees, SHYD is cheaper at 0.35% per year. On volatility, SHYD has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, REMX has performed better with a 10.14% return vs 2.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SHYD is cheaper with a 0.35% expense ratio, compared with 0.59% for REMX.

SHYD has the higher dividend yield at 3.51%, compared with 1.32% for REMX.

SHYD is categorized as Municipal Bonds, while REMX is Materials. SHYD tracks Bloomberg Municipal High Yield Short Duration, while REMX tracks MVIS Global Rare Earth/Strategic Metals Index. Their fees differ too: 0.35% for SHYD and 0.59% for REMX.

REMX currently has the higher Sharpe Ratio (3.61 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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