TFI vs. HYMU
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) and BlackRock High Yield Muni Income Bond ETF (HYMU).
TFI and HYMU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFI is a passively managed fund by State Street that tracks the performance of the Bloomberg US Municipal Managed Money (1-25 Y). It was launched on Sep 11, 2007. 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: TFI or HYMU.
Key characteristics
| TFI | HYMU | |
|---|---|---|
| YTD Return | 0.34% | 7.31% |
| 1Y Return | 6.81% | 14.99% |
| 3Y Return (Ann) | -1.49% | -0.16% |
| Sharpe Ratio | 1.66 | 2.85 |
| Sortino Ratio | 2.44 | 4.25 |
| Omega Ratio | 1.33 | 1.58 |
| Calmar Ratio | 0.63 | 1.04 |
| Martin Ratio | 5.72 | 20.31 |
| Ulcer Index | 1.26% | 0.77% |
| Daily Std Dev | 4.35% | 5.45% |
| Max Drawdown | -15.49% | -22.55% |
| Current Drawdown | -5.46% | -2.25% |
Correlation
The correlation between TFI and HYMU is 0.69, 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
TFI vs. HYMU - Performance Comparison
In the year-to-date period, TFI achieves a 0.34% return, which is significantly lower than HYMU's 7.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TFI vs. HYMU - Expense Ratio Comparison
TFI has a 0.23% expense ratio, which is lower than HYMU's 0.35% expense ratio.
Risk-Adjusted Performance
TFI vs. HYMU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) 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
TFI vs. HYMU - Dividend Comparison
TFI's dividend yield for the trailing twelve months is around 2.94%, less than HYMU's 4.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF | 2.94% | 2.41% | 1.87% | 1.71% | 2.04% | 2.14% | 2.25% | 2.16% | 2.39% | 2.40% | 2.37% | 3.35% |
HYMU BlackRock High Yield Muni Income Bond ETF | 4.20% | 4.36% | 4.02% | 2.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TFI vs. HYMU - Drawdown Comparison
The maximum TFI drawdown since its inception was -15.49%, smaller than the maximum HYMU drawdown of -22.55%. Use the drawdown chart below to compare losses from any high point for TFI and HYMU. For additional features, visit the drawdowns tool.
Volatility
TFI vs. HYMU - Volatility Comparison
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) has a higher volatility of 2.15% compared to BlackRock High Yield Muni Income Bond ETF (HYMU) at 2.03%. This indicates that TFI's price experiences larger fluctuations and is considered to be riskier than HYMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.