Data as of Oct 28, 2026.
BOND vs HYMB: Differences, Returns & Fees
Over the year to Oct 28, 2026, BOND returned −1.4% to HYMB's −1.0%, and HYMB charges 0.35% to BOND's 0.54%.
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Net assets: $8.3bn on Jun 30, 2026 for PIMCO Active Bond Exchange-Traded Fund, and $3.8bn on Oct 27, 2026 for State Street SPDR Nuveen ICE High Yield Municipal Bond ETF.
Pair scorecard
HYMB costs 0.19 points a year less; their one-year returns differ by 0.4 points.
| Measure | BOND | HYMB |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | −1.0% |
| Drawdown | ||
| Below its high | 3.1%, high on Feb 27, 2026 | 4.7%, high on Jul 2, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | ICE US Select High Yield Crossover Municipal Index |
| Cost and size | ||
| Expense ratio | 0.54% | 0.35% |
| Net assets, BOND as of Jun 30, 2026 and HYMB as of Oct 27, 2026 | $8.3bn | $3.8bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026. Method
Risk and return
Mar 9, 2012 to Oct 23, 2026 · 763 weekly returns · each against AGGHYMB returned more: +60.8% to +47.4%. BOND swung less: 4.9% to 8.9%. BOND fell less at its worst: −19.5% to −22.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BOND | HYMB | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +47.4% | +60.8% | HYMB | Price change plus distributions, reinvested. | |
| Annualized | +2.7% | +3.3% | HYMB | Total return as a yearly rate. | |
| Price return | −12.6% | −12.5% | Tie | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 4.9% | 8.9% | BOND | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 3.6% | 6.6% | BOND | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −19.5% | −22.5% | BOND | Deepest fall from a high to the low after it. | |
| Upside capture | 102.2% | 105.4% | 100.0% | HYMB (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 95.5% | 93.2% | 100.0% | HYMB (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.97 | 1.33 | 1.00 | BOND lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.88 | 0.50 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.21 | 0.21 | Tie | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.28 | 0.29 | Tie | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.010 | 0.014 | 0.001 | HYMB | Return above Treasury bills per unit of beta. |
| Calmar | 0.14 | 0.15 | HYMB (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | +0.9% a year | +1.7% a year | 0.0% | BOND significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 2.05 | 1.05 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | 0.0% to +1.7% | −1.5% to +4.9% | HYMB's includes zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.53 | 0.27 | BOND | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.7% | 6.5% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 763 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BOND and HYMB hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
BOND and HYMB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BOND and HYMB do different jobs. What does each one do in a portfolio?
- What each follows. BOND follows No index, actively managed and HYMB follows ICE US Select High Yield Crossover Municipal Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026).
- Cost. BOND charges 0.54% of assets a year and HYMB 0.35%, a gap of 0.19 points.
Data as of Oct 28, 2026.
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BOND
BOND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.54% a year. It sat 3.1% below its high of Feb 27, 2026 on Oct 28, 2026.
HYMB
HYMB tracks an index of Nuveen ICE High Yield Municipal Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.35% a year. It sat 4.7% below its high of Jul 2, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BOND or HYMB?
- In the year to Oct 28, 2026, with distributions reinvested, BOND returned −1.4% and HYMB −1.0%.
- Which is cheaper, BOND or HYMB?
- HYMB is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BOND against HYMB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bond-vs-hymb
ETFIQ. (Oct 28, 2026). BOND against HYMB. Retrieved from https://etfiq.com/compare/any/bond-vs-hymb
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