YYYM vs. NHYM

Last updated Jun 3, 2026

YYYM (Amplify Municipal CEF High Income ETF) and NHYM (Nuveen High Yield Municipal Income ETF) are both High Yield Muni funds. YYYM is passively managed, while NHYM is actively managed. A 0.65 correlation means they provide meaningful diversification when combined. YYYM charges 2.78%/yr vs 0.35%/yr for NHYM.

Performance

YYYM vs. NHYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Municipal CEF High Income ETF (YYYM) and Nuveen High Yield Municipal Income ETF (NHYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

YYYM

• 1D: -0.05%
• 1M: 1.36%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NHYM

• 1D: 0.28%
• 1M: 1.10%
• YTD: 2.83%
• 6M: 3.37%
• 1Y: 8.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YYYM vs. NHYM - Yearly Performance Comparison

	2026 (YTD)
YYYM Amplify Municipal CEF High Income ETF	0.54%
NHYM Nuveen High Yield Municipal Income ETF	1.67%

Correlation

The correlation between YYYM and NHYM is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 11, 2026	0.65

Return for Risk

YYYM vs. NHYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NHYM

NHYM Risk / Return Rank: 62
NHYM Sharpe Ratio Rank: 59
NHYM Sortino Ratio Rank: 66
NHYM Omega Ratio Rank: 68
NHYM Calmar Ratio Rank: 63
NHYM Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YYYM vs. NHYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Municipal CEF High Income ETF (YYYM) and Nuveen High Yield Municipal Income ETF (NHYM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	YYYM	NHYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.77	-0.55

Drawdowns

YYYM vs. NHYM - Drawdown Comparison

The maximum YYYM drawdown since its inception was -5.24%, smaller than the maximum NHYM drawdown of -6.11%. Use the drawdown chart below to compare losses from any high point for YYYM and NHYM.

Drawdown Indicators

	YYYM	NHYM	Difference
Max Drawdown Largest peak-to-trough decline	-5.24%	-6.11%	+0.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.77%	—
Current Drawdown Current decline from peak	-0.33%	0.00%	-0.33%
Average Drawdown Average peak-to-trough decline	-1.30%	-1.74%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.95%	—

Volatility

Volatility by Period

	YYYM	NHYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.83%	4.39%	+6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.83%	5.94%	+4.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.83%	5.94%	+4.89%

YYYM vs. NHYM - Expense Ratio Comparison

YYYM has a 2.78% expense ratio, which is higher than NHYM's 0.35% expense ratio.

Dividends

YYYM vs. NHYM - Dividend Comparison

YYYM's dividend yield for the trailing twelve months is around 1.21%, less than NHYM's 4.53% yield.

Position	TTM	2025
NHYM Nuveen High Yield Municipal Income ETF	4.53%	4.06%
YYYM Amplify Municipal CEF High Income ETF	1.21%	0.00%

Frequently Asked Questions

Can I hold both YYYM and NHYM in my portfolio?

YYYM and NHYM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YYYM or NHYM?

On fees, NHYM is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YYYM or NHYM?

NHYM is cheaper with a 0.35% expense ratio, compared with 2.78% for YYYM.

Which ETF pays a higher dividend yield, YYYM or NHYM?

NHYM has the higher dividend yield at 4.53%, compared with 1.21% for YYYM.

What is the main difference between YYYM and NHYM?

They also come from different issuers: Amplify and Nuveen. Their fees differ too: 2.78% for YYYM and 0.35% for NHYM.