TAXX vs. HYMU
Compare and contrast key facts about Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and BlackRock High Yield Muni Income Bond ETF (HYMU).
TAXX and HYMU 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. HYMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TAXX or HYMU.
Correlation
The correlation between TAXX and HYMU is 0.55, 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.
Performance
TAXX vs. HYMU - Performance Comparison
Key characteristics
TAXX:
2.86
HYMU:
0.56
TAXX:
3.93
HYMU:
0.75
TAXX:
1.66
HYMU:
1.15
TAXX:
4.82
HYMU:
0.53
TAXX:
21.45
HYMU:
3.21
TAXX:
0.20%
HYMU:
1.48%
TAXX:
1.53%
HYMU:
8.53%
TAXX:
-0.91%
HYMU:
-23.22%
TAXX:
-0.63%
HYMU:
-4.86%
Returns By Period
In the year-to-date period, TAXX achieves a 0.57% return, which is significantly higher than HYMU's -1.53% return.
TAXX
0.57%
-0.38%
0.93%
4.39%
N/A
N/A
HYMU
-1.53%
-2.82%
-2.35%
4.32%
N/A
N/A
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TAXX vs. HYMU - Expense Ratio Comparison
Both TAXX and HYMU have an expense ratio of 0.35%.
Risk-Adjusted Performance
TAXX vs. HYMU — Risk-Adjusted Performance Rank
TAXX
HYMU
TAXX vs. HYMU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and BlackRock High Yield Muni Income Bond ETF (HYMU). 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.
Dividends
TAXX vs. HYMU - Dividend Comparison
TAXX's dividend yield for the trailing twelve months is around 3.62%, less than HYMU's 4.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 3.62% | 2.71% | 0.00% | 0.00% | 0.00% |
HYMU BlackRock High Yield Muni Income Bond ETF | 4.46% | 4.35% | 4.35% | 4.01% | 2.10% |
Drawdowns
TAXX vs. HYMU - Drawdown Comparison
The maximum TAXX drawdown since its inception was -0.91%, smaller than the maximum HYMU drawdown of -23.22%. Use the drawdown chart below to compare losses from any high point for TAXX and HYMU. For additional features, visit the drawdowns tool.
Volatility
TAXX vs. HYMU - Volatility Comparison
The current volatility for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) is 0.92%, while BlackRock High Yield Muni Income Bond ETF (HYMU) has a volatility of 7.40%. This indicates that TAXX experiences smaller price fluctuations and is considered to be less risky than HYMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.