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ETFs

VanEck High Yield Muni ETF

HYD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 04 2009
Expense Ratio
0.32%
Type
US Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$27,668,548
AUM
$2,690,970,305
Associated Index
ICE Broad High Yield Crossover Municipal Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Buckeye Tobacco Settlement Financing Au
1.38%
n/a
Puerto Rico Sales Tax Financing Corp Sa
1.30%
n/a
Puerto Rico Sales Tax Financing Corp Sa
0.91%
n/a
Arkansas Development Finance Authority
0.87%
n/a
Puerto Rico Sales Tax Financing Corp Sa
0.82%
n/a
CA Statewide Cmnty 5.5 % Bonds 2014-1.12.54 Revenue Ser 2014-A
0.74%
n/a
Tobacco Settlement Financing Corp
0.70%
n/a
California Municipal Finance Authority
0.69%
n/a
New York Transportation Development Cor
0.65%
n/a
Tsasc Inc/Ny
0.65%
Invest with HYD

What is HYD?

The VanEck High Yield Muni ETF (HYD) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Broad High Yield Crossover Municipal Index (MHYX), which is intended to track the overall performance of the U.S. dollar-denominated high yield long-term tax-exempt bond market. Lower-rated and unrated U.S. dollar-denominated tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions. The index includes 25% BBB and 5% A investment-grade exposure as well as a 30% cap on non-rated bonds for enhanced liquidity.

ETFs related toHYD

ETFs correlated to HYD include MUB, JMHI, SCMB

HYD
VanEck ETF Trust - VanEck High Yield Muni ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
JMHI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan High Yield Municipal ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
PZA
Invesco Capital Management LLC - Invesco National AMT-Free Municipal Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
HYMB
SPDR Series Trust - SPDR Nuveen Bloomberg High Yield Municipal Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

HYD is a US Bonds ETF. The VanEck High Yield Muni ETF (HYD) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Broad High Yield Crossover Municipal Index (MHYX), which is intended to track the overall performance of the U.S. dollar-denominated high yield long-term tax-exempt bond market. Lower-rated and unrated U.S. dollar-denominated tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions. The index includes 25% BBB and 5% A investment-grade exposure as well as a 30% cap on non-rated bonds for enhanced liquidity.

HYD tracks the ICE Broad High Yield Crossover Municipal Index.

No, HYD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HYD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYD is -0.0201%. This is the percent change in the value of HYD over the most recent 1-month period. The 3-month return on HYD is -0.0349%. This is the percent change in the value of HYD over the most recent 3-month period.

The standard deviation of HYD for the past year is 0.0735%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYD include BAB, SUB, and MUNI.

ETFs correlated to HYD include MUB, JMHI, and SCMB.

ETFs that are inversely correlated to HYD include TBT, TTT, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.