VTEI vs. HYMB
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
VTEI and HYMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VTEI is a passively managed fund by Vanguard that tracks the performance of the S&P Intermediate Term National AMT-Free Municipal Bond Index. It was launched on Jan 29, 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. Both VTEI and HYMB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VTEI vs. HYMB - Performance Comparison
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VTEI vs. HYMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | 0.06% | 4.59% | 1.55% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 0.99% | 2.04% | 5.19% |
Returns By Period
In the year-to-date period, VTEI achieves a 0.06% return, which is significantly lower than HYMB's 0.99% return.
VTEI
- 1D
- 0.16%
- 1M
- -1.19%
- YTD
- 0.06%
- 6M
- 1.55%
- 1Y
- 4.52%
- 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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VTEI vs. HYMB - Expense Ratio Comparison
VTEI has a 0.08% expense ratio, which is lower than HYMB's 0.35% expense ratio.
Return for Risk
VTEI vs. HYMB — Risk / Return Rank
VTEI
HYMB
VTEI vs. HYMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) 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.
| VTEI | HYMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 0.52 | +0.81 |
Sortino ratioReturn per unit of downside risk | 1.67 | 0.64 | +1.02 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.12 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.60 | +0.72 |
Martin ratioReturn relative to average drawdown | 4.32 | 1.48 | +2.84 |
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
| VTEI | HYMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.52 | +0.81 |
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 | 0.92 | 0.44 | +0.49 |
Correlation
The correlation between VTEI and HYMB is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VTEI vs. HYMB - Dividend Comparison
VTEI's dividend yield for the trailing twelve months is around 3.05%, less than HYMB's 4.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | 3.05% | 3.00% | 2.65% | 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
VTEI vs. HYMB - Drawdown Comparison
The maximum VTEI drawdown since its inception was -3.64%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for VTEI and HYMB.
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Drawdown Indicators
| VTEI | HYMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.64% | -29.57% | +25.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -5.07% | +1.74% |
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 | -1.89% | -1.41% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -3.84% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.06% | -1.04% |
Volatility
VTEI vs. HYMB - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) is 1.16%, while SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a volatility of 2.21%. This indicates that VTEI 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
| VTEI | HYMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 2.21% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 2.95% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 5.91% | -2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.09% | 6.63% | -3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.09% | 11.34% | -8.25% |