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ETFs

VanEck Short High Yield Muni ETF

SHYD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 13 2014
Expense Ratio
0.35%
Type
US Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$4,975,280
AUM
$369,015,000
Associated Index
ICE 1-12 Year Broad High Yield Crossover Municipal Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
California Municipal Finance Authority
1.76%
n/a
New York Transportation Development Cor
1.23%
n/a
New York Transportation Development Cor
1.18%
n/a
New York Transportation Development Cor
1.13%
n/a
Louisiana Loc 3.5 % Bonds 2017-01.11.32 Series 2017
1.11%
n/a
Commonwealth Of Puerto Rico
1.01%
n/a
Commonwealth Of Puerto Rico
0.86%
n/a
Mission Economic Development Corp
0.86%
n/a
Puerto Rico Commonwealth Aqueduct & Sew
0.84%
n/a
Indiana Finance Authority
0.82%
Invest with SHYD

What is SHYD?

The VanEck Short High Yield Muni ETF (SHYD) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE 1-12 Year Broad High Yield Crossover Municipal Index (MIHX), which is intended to track the overall performance of the U.S. dollar-denominated high yield short-term tax-exempt bond market. The index is comprised of 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.

ETFs related toSHYD

ETFs correlated to SHYD include JMHI, PZA, HYD

SHYD
VanEck ETF Trust - VanEck Short High Yield Muni ETF
JMHI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan High Yield Municipal ETF
PZA
Invesco Capital Management LLC - Invesco National AMT-Free Municipal Bond ETF
HYD
VanEck ETF Trust - VanEck High Yield Muni ETF
MLN
VanEck ETF Trust - VanEck Long Muni ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF

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

SHYD is a US Bonds ETF. The VanEck Short High Yield Muni ETF (SHYD) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE 1-12 Year Broad High Yield Crossover Municipal Index (MIHX), which is intended to track the overall performance of the U.S. dollar-denominated high yield short-term tax-exempt bond market. The index is comprised of 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.

SHYD tracks the ICE 1-12 Year Broad High Yield Crossover Municipal Index.

No, SHYD 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, SHYD 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 SHYD is -0.0134%. This is the percent change in the value of SHYD over the most recent 1-month period. The 3-month return on SHYD is -0.0205%. This is the percent change in the value of SHYD over the most recent 3-month period.

The standard deviation of SHYD for the past year is 0.0692%. 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 SHYD include SUB, CMF, and NYF.

ETFs correlated to SHYD include JMHI, PZA, and HYD.

ETFs that are inversely correlated to SHYD include TBX, PST, and KMLM.

Disclaimers

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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.