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Data as of Oct 28, 2026.

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HYD vs HYMB: Differences, Returns & Fees

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HYD's duration was 6.6 years on Jul 31, 2026 and HYMB's 7.3 on Jun 30, 2026; HYD charges 0.32% to HYMB's 0.35%.

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Net assets on Oct 27, 2026: $4.5bn for VanEck High Yield Muni ETF and $3.8bn for State Street SPDR Nuveen ICE High Yield Municipal Bond ETF.

HYD on its own →HYMB on its own →
At a glance
+1.0%
HYD total return, 1 year
−1.0%
HYMB total return, 1 year
0.32%
HYD expense ratio
0.35%
HYMB expense ratio

Pair scorecard

HYD costs 0.03 points a year less; their one-year returns differ by 2.0 points; HYD is 1.2 times larger.

HYD vs HYMB: Differences, Returns & Fees
MeasureHYDHYMB
Return
Total return, 1 year+1.0%−1.0%
Drawdown
Below its high4.0%, high on Aug 3, 20214.7%, high on Jul 2, 2026
Benchmark
What it tracksICE Broad High Yield Crossover Municipal IndexICE US Select High Yield Crossover Municipal Index
Cost and size
Expense ratio0.32%0.35%
Net assets, as of Oct 27, 2026$4.5bn$3.8bn
Holdings
Holdings in common24%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Apr 21, 2011 to Oct 23, 2026 · 809 weekly returns
HYD HYMB
Return
Total return edge HYMB +74.2% +84.8%
Annualized edge HYMB (slight) +3.6% +4.0%
Price return edge HYMB −13.4% −4.7%
Risk
Volatility edge HYMB 9.8% 8.7%
Max drawdown edge HYMB −29.1% −22.5%
Risk-adjusted
Sharpe edge HYMB 0.25 0.31
Sortino edge HYMB 0.33 0.42
Calmar edge HYMB 0.13 0.18
Reading

HYMB returned more: +84.8% to +74.2%. HYMB swung less: 8.7% to 9.8%. HYMB fell less at its worst: −22.5% to −29.1%.

Full scorecard

9 measures, with how each is measured Open ↓
Risk and return: HYD vs HYMB: Differences, Returns & Fees
MeasureHYDHYMBEdgeHow it is measured
Return
Total return+74.2%+84.8%HYMBPrice change plus distributions, reinvested.
Annualized+3.6%+4.0%HYMB (slight)Total return as a yearly rate.
Price return−13.4%−4.7%HYMBPrice change alone, distributions left out.
Risk
Volatility9.8%8.7%HYMBSpread of weekly returns, annualized. Lower is steadier.
Downside deviation7.3%6.4%HYMBLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−29.1%−22.5%HYMBDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.250.31HYMBReturn above Treasury bills per unit of volatility.
Sortino0.330.42HYMBReturn above Treasury bills per unit of downside deviation.
Calmar0.130.18HYMBAnnualized return divided by the max drawdown.

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

24%

By the books each fund has filed, HYD and HYMB hold 24% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

24% in common

Positions both hold · largest shared weight first HYD HYMB
BUCKEYE OH TOBACCO SETTLEMENT FING AUTH, due Jun 1, 2055 0.69% 1.25%
PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2053 0.58% 0.61%
PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 0.44% 2.49%
NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE, due Nov 15, 2044 0.39% 0.46%
PUERTO RICO CMWLTH, due Jul 1, 2035 0.28% 0.27%
PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2040 0.27% 0.36%
MET PIER & EXPOSITION AUTH IL REVENUE, due Jun 15, 2050 0.39% 0.26%
CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE, due Jan 1, 2065 0.31% 0.25%
PUERTO RICO CMWLTH, due Jul 1, 2031 0.24% 0.28%
PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2046 0.98% 0.24%
GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT, due Jun 1, 2066 0.23% 0.30%
KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due Jun 1, 2055 0.31% 0.22%
Only in one fund ↓
Only in HYD
NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE, due Jul 1, 2046 0.61%
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%
FLORIDA ST DEV FIN CORP, due Jul 1, 2053 0.44%
PUBLIC FIN AUTH WI TOLL REVENUE, due Jun 30, 2060 0.42%
FLORIDA ST DEV FIN CORP, due Jul 1, 2047 0.39%
PUBLIC FIN AUTH WI TOLL REVENUE, due Jun 30, 2060 0.38%
Only in HYMB
NORTH CAROLINA ST TURNPIKE AUTH, due Jan 1, 2058 0.32%
MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE, due Oct 1, 2052 0.28%
DAWSON TRAILS MET DIST #1 CO, due Dec 1, 2033 0.26%
PUERTO RICO CMWLTH AQUEDUCT &SWR AUTH REVENUE, due Jul 1, 2033 0.26%
MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE, due Aug 1, 2052 0.25%
PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2040 0.25%
MINNESOTA MUNI GAS AGY GAS PROJ REVENUE, due Sep 1, 2035 0.23%
CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE, due Jul 1, 2054 0.23%
Check overlap with more funds →

Side by side

HYD VanEck High Yield Muni ETF HYMB State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
Where it sits Bond ETF Bond ETF
Issuer VanEck State Street
What it is Tracks an index Tracks an index of Nuveen ICE High Yield Municipal Bond
Total return, 1 year +1.0% −1.0%
Its benchmark over the same days not measured −1.4% (AGG)
Gap to its benchmark not measured +0.4 pts vs AGG
Expense ratio 0.32% 0.35%
Holdings 2147 2105
Net assets, as of Oct 27, 2026 $4.5bn $3.8bn

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

Client brief · page 1 of 2 Report BR-95F892029E

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

  1. What each follows. HYD follows ICE Broad High Yield Crossover Municipal Index and HYMB follows ICE US Select High Yield Crossover Municipal Index.
  2. Holdings in common. 24% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 HYD returned +1.0% and HYMB −1.0% with distributions reinvested, a gap of 2.0 points.

Data as of Oct 28, 2026.

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About each fund
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.

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, HYD or HYMB?
In the year to Oct 28, 2026, with distributions reinvested, HYD returned +1.0% and HYMB −1.0%.
Which is cheaper, HYD or HYMB?
HYD is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
CGHM vs HYDHIMU vs HYDFMHI vs HYDHIMU vs HYMBFMHI vs HYMBCGHM vs HYMBHYMB vs VTEBHYMB vs MUB
Where to next
HYD on its own →HYMB on its own →Hold both: look the portfolio through →Rankings →HYD dividend history →HYD holdings →HYMB dividend history →HYMB holdings →Standards and sources →
Sources and dates
HYD filings on SEC EDGAR ↗
HYD prospectus with the expense ratio (SEC) ↗
VanEck website ↗
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, HYD against HYMB, data as of Oct 28, 2026. https://etfiq.com/compare/any/hyd-vs-hymb

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