SHYM vs. INMU
Compare and contrast key facts about iShares Short Duration High Yield Muni Active ETF (SHYM) and BlackRock Intermediate Muni Income Bond ETF (INMU).
SHYM and INMU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHYM is an actively managed fund by iShares. It was launched on Mar 16, 2021. INMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021.
Performance
SHYM vs. INMU - Performance Comparison
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SHYM vs. INMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SHYM iShares Short Duration High Yield Muni Active ETF | -0.21% | 2.58% | 6.99% | 9.67% | -15.96% | 6.71% |
INMU BlackRock Intermediate Muni Income Bond ETF | -0.03% | 5.52% | 2.77% | 6.50% | -7.78% | 2.84% |
Returns By Period
In the year-to-date period, SHYM achieves a -0.21% return, which is significantly lower than INMU's -0.03% return.
SHYM
- 1D
- 0.14%
- 1M
- -1.88%
- YTD
- -0.21%
- 6M
- 0.82%
- 1Y
- 1.60%
- 3Y*
- 5.27%
- 5Y*
- 1.35%
- 10Y*
- —
INMU
- 1D
- 0.21%
- 1M
- -2.38%
- YTD
- -0.03%
- 6M
- 1.59%
- 1Y
- 4.63%
- 3Y*
- 3.98%
- 5Y*
- 1.73%
- 10Y*
- —
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SHYM vs. INMU - Expense Ratio Comparison
SHYM has a 0.35% expense ratio, which is higher than INMU's 0.30% expense ratio.
Return for Risk
SHYM vs. INMU — Risk / Return Rank
SHYM
INMU
SHYM vs. INMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration High Yield Muni Active ETF (SHYM) and BlackRock Intermediate Muni Income Bond ETF (INMU). 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.
| SHYM | INMU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.20 | 1.07 | -0.87 |
Sortino ratioReturn per unit of downside risk | 0.30 | 1.37 | -1.07 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.27 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.51 | -1.24 |
Martin ratioReturn relative to average drawdown | 1.30 | 5.35 | -4.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHYM | INMU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 1.07 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.48 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.51 | -0.30 |
Correlation
The correlation between SHYM and INMU is 0.65, 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
SHYM vs. INMU - Dividend Comparison
SHYM's dividend yield for the trailing twelve months is around 4.55%, more than INMU's 3.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SHYM iShares Short Duration High Yield Muni Active ETF | 4.55% | 4.55% | 4.35% | 4.35% | 4.01% | 2.97% |
INMU BlackRock Intermediate Muni Income Bond ETF | 3.43% | 3.48% | 3.47% | 3.44% | 1.92% | 1.14% |
Drawdowns
SHYM vs. INMU - Drawdown Comparison
The maximum SHYM drawdown since its inception was -22.55%, which is greater than INMU's maximum drawdown of -10.67%. Use the drawdown chart below to compare losses from any high point for SHYM and INMU.
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Drawdown Indicators
| SHYM | INMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.55% | -10.67% | -11.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.78% | -3.15% | -3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -10.67% | -11.88% |
Current DrawdownCurrent decline from peak | -1.88% | -2.38% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -2.86% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.89% | +0.48% |
Volatility
SHYM vs. INMU - Volatility Comparison
The current volatility for iShares Short Duration High Yield Muni Active ETF (SHYM) is 1.18%, while BlackRock Intermediate Muni Income Bond ETF (INMU) has a volatility of 1.25%. This indicates that SHYM experiences smaller price fluctuations and is considered to be less risky than INMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYM | INMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.25% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 1.86% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 4.34% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 3.59% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 3.58% | +3.47% |