YYYM vs. SHYM

Last updated Jun 3, 2026

YYYM (Amplify Municipal CEF High Income ETF) and SHYM (iShares Short Duration High Yield Muni Active ETF) are both High Yield Muni funds. YYYM is passively managed, while SHYM is actively managed. A 0.75 correlation means they provide meaningful diversification when combined. YYYM charges 2.78%/yr vs 0.35%/yr for SHYM.

Performance

YYYM vs. SHYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Municipal CEF High Income ETF (YYYM) and iShares Short Duration High Yield Muni Active ETF (SHYM). 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*: —

SHYM

• 1D: 0.09%
• 1M: 0.79%
• YTD: 1.93%
• 6M: 2.24%
• 1Y: 5.14%
• 3Y*: 6.00%
• 5Y*: 1.06%
• 10Y*: —

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

YYYM vs. SHYM - Yearly Performance Comparison

	2026 (YTD)
YYYM Amplify Municipal CEF High Income ETF	0.54%
SHYM iShares Short Duration High Yield Muni Active ETF	1.13%

Correlation

The correlation between YYYM and SHYM is 0.75, 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	0.75

Return for Risk

YYYM vs. SHYM — Risk / Return Rank

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

SHYM

SHYM Risk / Return Rank: 49
SHYM Sharpe Ratio Rank: 50
SHYM Sortino Ratio Rank: 51
SHYM Omega Ratio Rank: 56
SHYM Calmar Ratio Rank: 42
SHYM Martin Ratio Rank: 44

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. SHYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Municipal CEF High Income ETF (YYYM) and iShares Short Duration High Yield Muni Active ETF (SHYM). 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	SHYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.72	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.27	-0.05

Drawdowns

YYYM vs. SHYM - Drawdown Comparison

The maximum YYYM drawdown since its inception was -5.24%, smaller than the maximum SHYM drawdown of -22.55%. Use the drawdown chart below to compare losses from any high point for YYYM and SHYM.

Drawdown Indicators

	YYYM	SHYM	Difference
Max Drawdown Largest peak-to-trough decline	-5.24%	-22.55%	+17.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.55%	—
Current Drawdown Current decline from peak	-0.33%	0.00%	-0.33%
Average Drawdown Average peak-to-trough decline	-1.30%	-6.77%	+5.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.66%	—

Volatility

Volatility by Period

	YYYM	SHYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.83%	3.01%	+7.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.83%	7.07%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.83%	6.95%	+3.88%

YYYM vs. SHYM - Expense Ratio Comparison

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

Dividends

YYYM vs. SHYM - Dividend Comparison

YYYM's dividend yield for the trailing twelve months is around 1.21%, less than SHYM's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021
SHYM iShares Short Duration High Yield Muni Active ETF	4.30%	4.55%	4.35%	4.35%	4.01%	2.97%
YYYM Amplify Municipal CEF High Income ETF	1.21%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YYYM and SHYM in my portfolio?

YYYM and SHYM have a correlation of 0.75, 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 SHYM?

On fees, SHYM 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 SHYM?

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

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

SHYM has the higher dividend yield at 4.30%, compared with 1.21% for YYYM.

What is the main difference between YYYM and SHYM?

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