Correlation
The correlation between SWHYX and HYMB is -0.00. 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.
SWHYX vs. HYMB
Compare and contrast key facts about Schwab Opportunistic Municipal Bond Fund (SWHYX) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
SWHYX is managed by Charles Schwab. It was launched on Mar 30, 2014. HYMB is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Yield. It was launched on Apr 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWHYX or HYMB.
Performance
SWHYX vs. HYMB - Performance Comparison
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Key characteristics
SWHYX:
0.06
HYMB:
0.27
SWHYX:
0.05
HYMB:
0.32
SWHYX:
1.01
HYMB:
1.05
SWHYX:
0.01
HYMB:
0.18
SWHYX:
0.03
HYMB:
0.69
SWHYX:
2.18%
HYMB:
2.23%
SWHYX:
6.32%
HYMB:
6.71%
SWHYX:
-18.23%
HYMB:
-29.57%
SWHYX:
-7.07%
HYMB:
-6.11%
Returns By Period
In the year-to-date period, SWHYX achieves a -2.70% return, which is significantly lower than HYMB's -1.96% return. Over the past 10 years, SWHYX has underperformed HYMB with an annualized return of -0.08%, while HYMB has yielded a comparatively higher 2.54% annualized return.
SWHYX
-2.70%
-1.03%
-4.23%
0.07%
0.77%
0.98%
-0.08%
HYMB
-1.96%
0.20%
-3.71%
2.27%
1.63%
1.89%
2.54%
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SWHYX vs. HYMB - Expense Ratio Comparison
SWHYX has a 0.50% expense ratio, which is higher than HYMB's 0.35% expense ratio.
Risk-Adjusted Performance
SWHYX vs. HYMB — Risk-Adjusted Performance Rank
SWHYX
HYMB
SWHYX vs. HYMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Opportunistic Municipal Bond Fund (SWHYX) 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.
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Dividends
SWHYX vs. HYMB - Dividend Comparison
SWHYX's dividend yield for the trailing twelve months is around 3.54%, less than HYMB's 4.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWHYX Schwab Opportunistic Municipal Bond Fund | 3.54% | 3.80% | 6.49% | 3.38% | 2.46% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.49% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% |
Drawdowns
SWHYX vs. HYMB - Drawdown Comparison
The maximum SWHYX drawdown since its inception was -18.23%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for SWHYX and HYMB.
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Volatility
SWHYX vs. HYMB - Volatility Comparison
The current volatility for Schwab Opportunistic Municipal Bond Fund (SWHYX) is 1.04%, while SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a volatility of 1.44%. This indicates that SWHYX 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.
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