TAXX vs. HYMB
Compare and contrast key facts about Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
TAXX and HYMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TAXX is an actively managed fund by BondBloxx. It was launched on Mar 14, 2024. 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.
Performance
TAXX vs. HYMB - Performance Comparison
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TAXX vs. HYMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 0.49% | 4.52% | 3.51% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 0.99% | 2.04% | 3.49% |
Returns By Period
In the year-to-date period, TAXX achieves a 0.49% return, which is significantly lower than HYMB's 0.99% return.
TAXX
- 1D
- 0.06%
- 1M
- -0.39%
- YTD
- 0.49%
- 6M
- 1.28%
- 1Y
- 3.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYMB
- 1D
- 0.16%
- 1M
- -0.64%
- YTD
- 0.99%
- 6M
- 2.43%
- 1Y
- 3.05%
- 3Y*
- 4.39%
- 5Y*
- 0.52%
- 10Y*
- 2.50%
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TAXX vs. HYMB - Expense Ratio Comparison
Both TAXX and HYMB have an expense ratio of 0.35%.
Return for Risk
TAXX vs. HYMB — Risk / Return Rank
TAXX
HYMB
TAXX vs. HYMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) 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.
| TAXX | HYMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 0.52 | +1.57 |
Sortino ratioReturn per unit of downside risk | 2.90 | 0.64 | +2.25 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.12 | +0.41 |
Calmar ratioReturn relative to maximum drawdown | 4.23 | 0.60 | +3.63 |
Martin ratioReturn relative to average drawdown | 13.32 | 1.48 | +11.84 |
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
| TAXX | HYMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 0.52 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.08 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.58 | 0.44 | +2.14 |
Correlation
The correlation between TAXX and HYMB is 0.53, 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
TAXX vs. HYMB - Dividend Comparison
TAXX's dividend yield for the trailing twelve months is around 3.61%, less than HYMB's 4.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 3.61% | 3.72% | 2.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.59% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
Drawdowns
TAXX vs. HYMB - Drawdown Comparison
The maximum TAXX drawdown since its inception was -0.91%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for TAXX and HYMB.
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Drawdown Indicators
| TAXX | HYMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.91% | -29.57% | +28.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -5.07% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -0.59% | -1.41% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -3.84% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 2.06% | -1.77% |
Volatility
TAXX vs. HYMB - Volatility Comparison
The current volatility for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) is 0.43%, while SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a volatility of 2.21%. This indicates that TAXX 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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Volatility by Period
| TAXX | HYMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 2.21% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 0.89% | 2.95% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.90% | 5.91% | -4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.62% | 6.63% | -5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.62% | 11.34% | -9.72% |