Which returned more over the last year, EWT or HYMB?

In the year to Oct 28, 2026, with distributions reinvested, EWT returned +69.9% and HYMB −1.0%.

Which is cheaper, EWT or HYMB?

HYMB is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

EWT vs HYMB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWT returned +69.9% to HYMB's −1.0%; 0% of their weight is in the same names.

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Net assets: $12.0bn on Oct 28, 2026 for iShares MSCI Taiwan ETF, and $3.8bn on Oct 27, 2026 for State Street SPDR Nuveen ICE High Yield Municipal Bond ETF.

EWT on its own →HYMB on its own →

At a glance

+69.9%

EWT total return, 1 year

−1.0%

HYMB total return, 1 year

0.59%

EWT expense ratio

0.35%

HYMB expense ratio

Pair scorecard

HYMB costs 0.24 points a year less; their one-year returns differ by 70.9 points; EWT is 3.1 times larger.

EWT vs HYMB: Differences, Returns & Fees
Measure	EWT	HYMB
Return
Measure	EWT	HYMB
Total return, 1 year	+69.9%	−1.0%
Drawdown
Measure	EWT	HYMB
Below its high	7.7%, high on Oct 5, 2026	4.7%, high on Jul 2, 2026
Benchmark
Measure	EWT	HYMB
What it tracks	MSCI Taiwan 25/50 Index	ICE US Select High Yield Crossover Municipal Index
Cost and size
Measure	EWT	HYMB
Expense ratio	0.59%	0.35%
Net assets, as of Oct 27, 2026	$11.8bn	$3.8bn
Holdings
Measure	EWT	HYMB
Holdings in common	0%
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	47.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Apr 21, 2011 to Oct 23, 2026 · 809 weekly returns

EWT HYMB

Return

Total return edge EWT +527.9% +84.8%

Annualized edge EWT +12.5% +4.0%

Price return edge EWT +236.2% −4.7%

Risk

Volatility edge HYMB 20.5% 8.7%

Max drawdown edge HYMB −38.2% −22.5%

Downside capture 88.6% 88.6%

Beta 0.82 1.31

Risk-adjusted

Sharpe edge EWT 0.60 0.31

Sortino edge EWT 0.87 0.42

Treynor 0.155 0.021

Calmar edge EWT 0.33 0.18

Against the benchmark

Alpha +4.5% a year +1.9% a year

Alpha t-stat 1.63 1.23

Information ratio 0.19 0.33

Tracking error 13.9% 6.4%

Each against its own benchmark: EWT against EEM, Apr 25, 2003 to Oct 23, 2026; HYMB against AGG, Apr 21, 2011 to Oct 23, 2026.

Reading

EWT returned more: +527.9% to +84.8%. HYMB swung less: 8.7% to 20.5%. HYMB fell less at its worst: −22.5% to −38.2%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: EWT vs HYMB: Differences, Returns & Fees
Measure	EWT	HYMB	Edge	How it is measured
Return
Total return	+527.9%	+84.8%	EWT	Price change plus distributions, reinvested.
Annualized	+12.5%	+4.0%	EWT	Total return as a yearly rate.
Price return	+236.2%	−4.7%	EWT	Price change alone, distributions left out.
Risk
Volatility	20.5%	8.7%	HYMB	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.1%	6.4%	HYMB	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−38.2%	−22.5%	HYMB	Deepest fall from a high to the low after it.
Upside capture	78.9%	104.0%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	88.6%	88.6%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.82	1.31	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.67	0.49	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.60	0.31	EWT	Return above Treasury bills per unit of volatility.
Sortino	0.87	0.42	EWT	Return above Treasury bills per unit of downside deviation.
Treynor	0.155	0.021		Return above Treasury bills per unit of beta.
Calmar	0.33	0.18	EWT	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	EEM	AGG		The ETF each fund is measured against.
Alpha	+4.5% a year	+1.9% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	1.63	1.23	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−0.9% to +9.8%	−1.2% to +5.0%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.19	0.33		Return against its benchmark per unit of tracking error.
Tracking error	13.9%	6.4%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 809 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, EWT and HYMB hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWT HYMB

Only in one fund ↓

Only in EWT

TAIWAN SEMICONDUCTOR MANUFACTURING 22.12%

MEDIATEK 6.03%

HON HAI PRECISION INDUSTRY 3.31%

DELTA ELECTRONICS 3.25%

ASE TECHNOLOGY HOLDING 2.86%

NAN YA PLASTICS CORP 2.54%

UNIMICRON TECHNOLOGY 2.04%

ELITE MATERIAL 1.88%

Only in HYMB

PRCGEN 5.000 07/01/58 1.94%

PRCGEN 4.784 07/01/58 1.25%

BUCGEN 5.000 06/01/55 1.08%

PRC 4.000 07/01/46 0.64%

PRCGEN 4.329 07/01/40 0.61%

NYCDEV 5.000 11/15/44 0.49%

PRC 4.000 07/01/41 0.47%

CHIEDU 6.000 12/01/41 0.46%

Check overlap with more funds →

Side by side

EWT iShares MSCI Taiwan ETF HYMB State Street SPDR Nuveen ICE High Yield Municipal Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares State Street

What it is Tracks the MSCI Taiwan Tracks an index of Nuveen ICE High Yield Municipal Bond

Total return, 1 year +69.9% −1.0%

Its benchmark over the same days +16.3% (EEM) −1.4% (AGG)

Gap to its benchmark +53.6 pts vs EEM +0.4 pts vs AGG

Expense ratio 0.59% 0.35%

Holdings 79 2105

Net assets, EWT as of Oct 28, 2026 and HYMB as of Oct 27, 2026 $12.0bn $3.8bn

EWT and HYMB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-EF1E2CEC72

EWT and HYMB do different jobs. What does each one do in a portfolio?

What each follows. EWT follows MSCI Taiwan 25/50 Index 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 Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 EWT returned +69.9% and HYMB −1.0% with distributions reinvested, a gap of 70.9 points.

Data as of Oct 28, 2026.

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About each fund

EWT

EWT tracks the MSCI Taiwan. Over the year to Oct 28, 2026 it returned +69.9% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.59% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 47.7%. It sat 7.7% below its high of Oct 5, 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, EWT or HYMB?: In the year to Oct 28, 2026, with distributions reinvested, EWT returned +69.9% and HYMB −1.0%.
Which is cheaper, EWT or HYMB?: HYMB is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

EWT vs VTEB EWT vs MUB EWT vs VCLT EWT vs VUSB FXI vs HYMB EWZ vs HYMB EZU vs HYMB HYMB vs VPL

Where to next

EWT on its own →HYMB on its own →Hold both: look the portfolio through →Rankings →EWT dividend history →EWT holdings →HYMB dividend history →HYMB holdings →Standards and sources →

Sources and dates

EWT filings on SEC EDGAR ↗

EWT prospectus with the expense ratio (SEC) ↗

iShares page for EWT ↗

HYMB filings on SEC EDGAR ↗

HYMB prospectus with the expense ratio (SEC) ↗

State Street website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, EWT against HYMB, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewt-vs-hymb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.