Correlation
The correlation between SHYTX and DHMBX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
SHYTX vs. DHMBX
Compare and contrast key facts about DWS Strategic High Yield Tax (SHYTX) and BNY Mellon High Yield Municipal Bond Fund (DHMBX).
SHYTX is managed by DWS. It was launched on Jan 21, 1987. DHMBX is managed by BNY Mellon. It was launched on Sep 29, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHYTX or DHMBX.
Performance
SHYTX vs. DHMBX - Performance Comparison
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Key characteristics
SHYTX:
0.75
DHMBX:
0.00
SHYTX:
0.93
DHMBX:
-0.02
SHYTX:
1.16
DHMBX:
1.00
SHYTX:
0.74
DHMBX:
-0.03
SHYTX:
2.49
DHMBX:
-0.15
SHYTX:
1.87%
DHMBX:
3.06%
SHYTX:
6.72%
DHMBX:
8.23%
SHYTX:
-27.13%
DHMBX:
-27.66%
SHYTX:
-3.67%
DHMBX:
-11.18%
Returns By Period
In the year-to-date period, SHYTX achieves a -1.87% return, which is significantly higher than DHMBX's -4.26% return. Over the past 10 years, SHYTX has outperformed DHMBX with an annualized return of 2.85%, while DHMBX has yielded a comparatively lower 2.67% annualized return.
SHYTX
-1.87%
-0.87%
-3.23%
4.55%
3.39%
3.05%
2.85%
DHMBX
-4.26%
-1.25%
-6.35%
-0.53%
0.12%
1.20%
2.67%
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SHYTX vs. DHMBX - Expense Ratio Comparison
SHYTX has a 0.59% expense ratio, which is lower than DHMBX's 0.69% expense ratio.
Risk-Adjusted Performance
SHYTX vs. DHMBX — Risk-Adjusted Performance Rank
SHYTX
DHMBX
SHYTX vs. DHMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Strategic High Yield Tax (SHYTX) and BNY Mellon High Yield Municipal Bond Fund (DHMBX). 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
SHYTX vs. DHMBX - Dividend Comparison
SHYTX's dividend yield for the trailing twelve months is around 6.53%, more than DHMBX's 3.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYTX DWS Strategic High Yield Tax | 6.53% | 6.49% | 4.91% | 5.32% | 3.46% | 4.68% | 4.26% | 4.05% | 3.98% | 4.49% | 4.72% | 4.76% |
DHMBX BNY Mellon High Yield Municipal Bond Fund | 3.77% | 3.91% | 3.79% | 3.70% | 3.00% | 3.47% | 3.61% | 4.15% | 3.96% | 4.98% | 4.96% | 4.57% |
Drawdowns
SHYTX vs. DHMBX - Drawdown Comparison
The maximum SHYTX drawdown since its inception was -27.13%, roughly equal to the maximum DHMBX drawdown of -27.66%. Use the drawdown chart below to compare losses from any high point for SHYTX and DHMBX.
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Volatility
SHYTX vs. DHMBX - Volatility Comparison
The current volatility for DWS Strategic High Yield Tax (SHYTX) is 0.95%, while BNY Mellon High Yield Municipal Bond Fund (DHMBX) has a volatility of 1.18%. This indicates that SHYTX experiences smaller price fluctuations and is considered to be less risky than DHMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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