SMB vs. HYD
Compare and contrast key facts about VanEck Short Muni ETF (SMB) and VanEck Vectors High-Yield Municipal Index ETF (HYD).
SMB and HYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMB is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Short Continuous. It was launched on Feb 22, 2008. HYD is a passively managed fund by VanEck that tracks the performance of the Bloomberg Barclays Municipal Custom High Yield Composite Index. It was launched on Feb 4, 2009. Both SMB and HYD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMB or HYD.
Correlation
The correlation between SMB and HYD is -0.80. 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.
Performance
SMB vs. HYD - Performance Comparison
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Key characteristics
SMB:
3.53%
HYD:
5.76%
SMB:
-0.12%
HYD:
-0.48%
SMB:
-0.06%
HYD:
-0.48%
Returns By Period
SMB
N/A
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HYD
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SMB vs. HYD - Expense Ratio Comparison
SMB has a 0.20% expense ratio, which is lower than HYD's 0.35% expense ratio.
Risk-Adjusted Performance
SMB vs. HYD — Risk-Adjusted Performance Rank
SMB
HYD
SMB vs. HYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Short Muni ETF (SMB) and VanEck Vectors High-Yield Municipal Index ETF (HYD). 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
SMB vs. HYD - Dividend Comparison
SMB's dividend yield for the trailing twelve months is around 2.46%, less than HYD's 4.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMB VanEck Short Muni ETF | 2.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYD VanEck Vectors High-Yield Municipal Index ETF | 4.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMB vs. HYD - Drawdown Comparison
The maximum SMB drawdown since its inception was -0.12%, smaller than the maximum HYD drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for SMB and HYD. For additional features, visit the drawdowns tool.
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Volatility
SMB vs. HYD - Volatility Comparison
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