Which returned more over the last year, HIMU or HYD?

In the year to Oct 28, 2026, with distributions reinvested, HIMU returned +0.1% and HYD +1.0%.

Which is cheaper, HIMU or HYD?

HYD is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

HIMU vs HYD: Differences, Returns & Fees

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On Jul 31, 2026 HIMU's duration was 10.1 years and HYD's 6.6; HYD charges 0.32% to HIMU's 0.39%.

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Net assets on Oct 27, 2026: $2.7bn for iShares High Yield Muni Active ETF and $4.5bn for VanEck High Yield Muni ETF.

HIMU on its own →HYD on its own →

At a glance

+0.1%

HIMU total return, 1 year

+1.0%

HYD total return, 1 year

0.39%

HIMU expense ratio

0.32%

HYD expense ratio

Pair scorecard

HYD costs 0.07 points a year less; their one-year returns differ by 0.9 points; HYD is 1.7 times larger.

HIMU vs HYD: Differences, Returns & Fees
Measure	HIMU	HYD
Return
Measure	HIMU	HYD
Total return, 1 year	+0.1%	+1.0%
Drawdown
Measure	HIMU	HYD
Below its high	4.2%, high on Jul 6, 2026	4.0%, high on Aug 3, 2021
Benchmark
Measure	HIMU	HYD
What it tracks	No index, actively managed	ICE Broad High Yield Crossover Municipal Index
Cost and size
Measure	HIMU	HYD
Expense ratio	0.39%	0.32%
Net assets, as of Oct 27, 2026	$2.7bn	$4.5bn
Holdings
Measure	HIMU	HYD
Holdings in common	7%

Holdings in common uses holdings dated Jul 31, 2026. Method

Risk and return

Feb 21, 2025 to Oct 23, 2026 · 87 weekly returns

HIMU HYD

Return

Total return edge HYD +1.2% +1.6%

Annualized edge HYD +0.7% +0.9%

Price return edge HYD −7.0% −5.5%

Risk

Volatility edge HYD 7.8% 6.1%

Max drawdown edge HYD −8.0% −6.1%

Risk-adjusted

Sharpe edge HIMU −0.38 −0.47

Sortino edge HIMU −0.47 −0.58

Calmar edge HYD 0.09 0.15

Reading

HYD returned more: +1.6% to +1.2%. HYD swung less: 6.1% to 7.8%. HYD fell less at its worst: −6.1% to −8.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: HIMU vs HYD: Differences, Returns & Fees
Measure	HIMU	HYD	Edge	How it is measured
Return
Total return	+1.2%	+1.6%	HYD	Price change plus distributions, reinvested.
Annualized	+0.7%	+0.9%	HYD	Total return as a yearly rate.
Price return	−7.0%	−5.5%	HYD	Price change alone, distributions left out.
Risk
Volatility	7.8%	6.1%	HYD	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	6.3%	4.9%	HYD	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−8.0%	−6.1%	HYD	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.38	−0.47	HIMU	Return above Treasury bills per unit of volatility.
Sortino	−0.47	−0.58	HIMU	Return above Treasury bills per unit of downside deviation.
Calmar	0.09	0.15	HYD	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, HIMU and HYD hold 7% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first HIMU HYD

BUCKEYE OH TOBACCO SETTLEMENT FING AUTH, due Jun 1, 2055 0.49% 0.69%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 0.85% 0.44%

FLORIDA ST DEV FIN CORP, due Jul 1, 2053 0.40% 0.44%

CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE, due Jan 1, 2065 1.53% 0.31%

GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT, due Jun 1, 2066 1.40% 0.23%

CHICAGO IL BRD OF EDU, due Dec 1, 2050 0.27% 0.23%

BALDWIN CNTY AL INDL DEV AUTH SOL WST DISP REVENUE, due Mar 1, 2056 0.19% 0.17%

PUERTO RICO CMWLTH, due Jul 1, 2033 0.16% 0.29%

PUERTO RICO CMWLTH, due Jul 1, 2031 0.15% 0.24%

HOUSTON TX ARPT SYS REVENUE, due Jul 1, 2041 0.14% 0.15%

DIST OF COLUMBIA TOBACCO SETTLEMENT FING CORP, due Jun 15, 2046 0.56% 0.14%

THE CHILDRENS TRUST FUND PR TOBACCO SETTLEMENT REVENUE, due May 15, 2057 0.13% 0.18%

Only in one fund ↓

Only in HIMU

PUERTO RICO CMWLTH, due Nov 1, 2051 2.74%

PUERTO RICO CMWLTH, due Nov 1, 2051 1.41%

PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE, due Jan 1, 2050 1.00%

NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE, due Mar 15, 2059 0.86%

PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE, due Oct 1, 2050 0.84%

NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE, due Sep 15, 2050 0.83%

ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE, due Jul 1, 2056 0.77%

COLORADO ST HLTH FACS AUTH REVENUE, due Nov 15, 2051 0.76%

Only in HYD

CHICAGO IL BRD OF EDU, due Dec 1, 2042 0.79%

TOBACCO SETTLEMENT FING CORP NJ, due Jun 1, 2046 0.71%

NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE, due Jul 1, 2046 0.61%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2053 0.58%

CHICAGO IL BRD OF EDU, due Dec 1, 2039 0.53%

FLORIDA ST DEV FIN CORP, due Jul 1, 2044 0.52%

NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE, due Jan 1, 2050 0.48%

ARKANSAS DEV FIN AUTH ENVIRONMENTAL REVENUE, due Sep 1, 2052 0.45%

Check overlap with more funds →

Side by side

HIMU iShares High Yield Muni Active ETF HYD VanEck High Yield Muni ETF

Where it sits Bond ETF Bond ETF

Issuer iShares VanEck

What it is Actively managed Tracks an index

Total return, 1 year +0.1% +1.0%

Expense ratio 0.39% 0.32%

Holdings 1009 2147

Net assets, as of Oct 27, 2026 $2.7bn $4.5bn

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

Client brief · page 1 of 2 Report BR-8008059E6B

HIMU and HYD are built for the same job. How do they differ in cost, holdings and results?

What each follows. HIMU follows No index, actively managed and HYD follows ICE Broad High Yield Crossover Municipal Index.
Holdings in common. 7% of the weight is in the same securities (holdings dated Jul 31, 2026).
One-year total return (similar). Over 1 year to Oct 28, 2026 HIMU returned +0.1% and HYD +1.0% with distributions reinvested, a gap of 0.9 points.

Data as of Oct 28, 2026.

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About each fund

HIMU

HIMU is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.1% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 4.2% below its high of Jul 6, 2026 on Oct 28, 2026.

HYD

HYD tracks an index. Over the year to Oct 28, 2026 it returned +1.0% with distributions reinvested. The prospectus expense ratio is 0.32% a year. It sat 4.0% below its high of Aug 3, 2021 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, HIMU or HYD?: In the year to Oct 28, 2026, with distributions reinvested, HIMU returned +0.1% and HYD +1.0%.
Which is cheaper, HIMU or HYD?: HYD is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

HIMU vs HYMB CGHM vs HIMU FMHI vs HIMU CGHM vs HYD FMHI vs HYD HYD vs HYMB

Where to next

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

Sources and dates

HIMU filings on SEC EDGAR ↗

HIMU prospectus with the expense ratio (SEC) ↗

iShares page for HIMU ↗

HYD filings on SEC EDGAR ↗

HYD prospectus with the expense ratio (SEC) ↗

VanEck 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, HIMU against HYD, data as of Oct 28, 2026. https://etfiq.com/compare/any/himu-vs-hyd

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