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ETFs

VanEck HIP Sustainable Muni ETF

SMI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 08 2021
Expense Ratio
0.24%
Type
US Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$46,392
AUM
$17,812,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
City Of Boston Ma
3.30%
n/a
State Of California
3.11%
n/a
City & County Honolulu Hi Wastewater Sy
2.90%
n/a
Port Authority Of New York & New Jersey
2.88%
n/a
Long Island Power Authority
2.87%
n/a
City Of Los Angeles Department Of Airpo
2.75%
n/a
Val Verde Unified School District
2.66%
n/a
State Of California
2.37%
n/a
New York City Municipal Water Finance A
2.30%
n/a
San Francisco City & County Airport Com
2.22%
Invest with SMI

What is SMI?

The VanEck HIP Sustainable Muni ETF (SMI) is an actively managed exchange-traded fund ( ETF ) that seeks current income generally exempt from federal income tax by investing in investment grade municipal debt securities that have been issued to fund operations or projects that support or advance sustainable development, as well as promote positive social and environmental outcomes.

ETFs related toSMI

ETFs correlated to SMI include SCMB, CMF, MUB

SMI
VanEck ETF Trust - VanEck HIP Sustainable Muni ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
FMB
First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt 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

SMI is a US Bonds ETF. The VanEck HIP Sustainable Muni ETF (SMI) is an actively managed exchange-traded fund ( ETF ) that seeks current income generally exempt from federal income tax by investing in investment grade municipal debt securities that have been issued to fund operations or projects that support or advance sustainable development, as well as promote positive social and environmental outcomes.

Yes, SMI is actively 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.

No, SMI is not passively managed. It is actively 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 SMI is -0.0148%. This is the percent change in the value of SMI over the most recent 1-month period. The 3-month return on SMI is -0.0292%. This is the percent change in the value of SMI over the most recent 3-month period.

The standard deviation of SMI for the past year is 0.0433%. 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 SMI include HYMB, SUB, and HYD.

ETFs correlated to SMI include SCMB, CMF, and MUB.

ETFs that are inversely correlated to SMI include TTT, TBT, and TMV.

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.