Correlation
The correlation between WBND and HYMU is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
WBND vs. HYMU
Compare and contrast key facts about Western Asset Total Return ETF (WBND) and BlackRock High Yield Muni Income Bond ETF (HYMU).
WBND and HYMU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WBND is an actively managed fund by Franklin Templeton. It was launched on Oct 3, 2018. 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: WBND or HYMU.
Performance
WBND vs. HYMU - Performance Comparison
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Key characteristics
WBND:
0.82
HYMU:
0.51
WBND:
1.06
HYMU:
0.64
WBND:
1.13
HYMU:
1.12
WBND:
0.21
HYMU:
0.46
WBND:
1.60
HYMU:
2.20
WBND:
2.92%
HYMU:
1.83%
WBND:
6.42%
HYMU:
8.70%
WBND:
-29.22%
HYMU:
-23.22%
WBND:
-17.32%
HYMU:
-3.62%
Returns By Period
In the year-to-date period, WBND achieves a 3.01% return, which is significantly higher than HYMU's -0.24% return.
WBND
3.01%
-0.08%
0.04%
4.68%
0.30%
-2.41%
N/A
HYMU
-0.24%
-0.18%
-1.86%
3.84%
3.65%
N/A
N/A
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WBND vs. HYMU - Expense Ratio Comparison
WBND has a 0.47% expense ratio, which is higher than HYMU's 0.35% expense ratio.
Risk-Adjusted Performance
WBND vs. HYMU — Risk-Adjusted Performance Rank
WBND
HYMU
WBND vs. HYMU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Total Return ETF (WBND) 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.
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Dividends
WBND vs. HYMU - Dividend Comparison
WBND's dividend yield for the trailing twelve months is around 4.40%, less than HYMU's 4.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
WBND Western Asset Total Return ETF | 4.40% | 5.05% | 3.16% | 2.91% | 4.34% | 4.85% | 5.75% | 0.54% |
HYMU BlackRock High Yield Muni Income Bond ETF | 4.46% | 4.35% | 4.35% | 4.01% | 2.10% | 0.00% | 0.00% | 0.00% |
Drawdowns
WBND vs. HYMU - Drawdown Comparison
The maximum WBND drawdown since its inception was -29.22%, which is greater than HYMU's maximum drawdown of -23.22%. Use the drawdown chart below to compare losses from any high point for WBND and HYMU.
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Volatility
WBND vs. HYMU - Volatility Comparison
Western Asset Total Return ETF (WBND) has a higher volatility of 1.72% compared to BlackRock High Yield Muni Income Bond ETF (HYMU) at 1.59%. This indicates that WBND'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.
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