HYD vs BILS

Comparison between VANECK HIGH YIELD MUNI ETF (HYD, ETF) and SPDR BLOOMBERG 3-12 MONTH T-BILL ETF (BILS, ETF).

5-Year PerformanceBILS has outperformed HYD, delivering a return of +3.2% compared to +0.0%

HYD vs BILS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HYD(ETF)	BILS(ETF)
Net Assets	$4B	$4.10B
Expense Ratio	0.32%	0.14%
Max Drawdown	36.74%	1.20%
Sharpe Ratio	0.64	1.17
5Y Beta	0.05	-0.00
5Y Dividends CAGR	-0.04%	N/A

Net Assets

HYD

$4B

Winner

BILS

$4.10B

Expense Ratio

HYD

0.32%

Winner

BILS

0.14%

Max Drawdown

HYD

36.74%

Winner

BILS

1.20%

Sharpe Ratio

HYD

0.64

Winner

BILS

1.17

5Y Beta

HYD

0.05

Winner

BILS

-0.00

5Y Dividends CAGR

HYD

-0.04%

BILS

N/A

HYD vs BILS - Historical Returns

Returns include dividend reinvestment.

Period	HYD	BILS
1 month	+0.89%	+0.30%
3 months	+1.31%	+0.84%
6 months	+2.85%	+1.79%
1 year	+6.82%	+3.98%
5 years(CAGR)	+0.01%	+3.25%
10 years(CAGR)	+2.04%	N/A
Max(CAGR)	+4.78%	+2.89%

Winner

HYD

+0.89%

BILS

+0.30%

Winner

HYD

+1.31%

BILS

+0.84%

Winner

HYD

+2.85%

BILS

+1.79%

Winner

HYD

+6.82%

BILS

+3.98%

5Y(CAGR)

HYD

+0.01%

Winner

BILS

+3.25%

10Y(CAGR)

HYD

+2.04%

BILS

N/A

Max(CAGR)

Winner

HYD

+4.78%

BILS

+2.89%

HYD vs BILS - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	HYD	BILS
2026	+1.46%	+1.16%
2025	+3.03%	+4.19%
2024	+5.54%	+5.15%
2023	+6.06%	+4.92%
2022	-15.78%	+0.91%
2021	+5.36%	-0.08%
2020	+0.24%	+0.00%
2019	+9.24%	N/A
2018	+1.99%	N/A
2017	+9.96%	N/A
2016	+0.04%	N/A
2015	+4.86%	N/A
2014	+14.42%	N/A
2013	-8.80%	N/A
2012	+15.72%	N/A
2011	+10.69%	N/A
2010	+0.26%	N/A
2009	+23.80%	N/A

HYD vs BILS Drawdown Comparison

The maximum drawdown for HYD was -35.61%, occurring on Mar 18, 2020. Recovery took 313 trading sessions.

The maximum drawdown for BILS was -0.41%, occurring on Jun 14, 2022. Recovery took 415 trading sessions.

The current HYD drawdown is -2.60%.

Rank	HYD	BILS
#1	-35.61% Feb 26, 2020 - May 24, 2021	-0.41% Feb 5, 2021 - Sep 29, 2022
#2	-20.72% Aug 3, 2021 - Oct 24, 2022	-0.08% Oct 6, 2022 - Oct 27, 2022
#3	-15.48% May 24, 2013 - Oct 8, 2014	-0.07% Mar 17, 2023 - Mar 23, 2023
#4	-11.12% Oct 25, 2010 - Aug 2, 2011	-0.04% Feb 1, 2024 - Feb 7, 2024
#5	-10.52% Sep 6, 2016 - Aug 3, 2017	-0.04% Apr 5, 2023 - Apr 13, 2023
#6	-7.05% Aug 3, 2011 - Sep 16, 2011	-0.04% Mar 13, 2023 - Mar 15, 2023
#7	-5.41% Oct 5, 2009 - May 12, 2010	-0.03% Mar 2, 2023 - Mar 9, 2023
#8	-4.66% Dec 6, 2012 - Jan 22, 2013	-0.03% Apr 8, 2025 - Apr 11, 2025
#9	-4.02% Apr 17, 2015 - Oct 2, 2015	-0.03% Apr 13, 2023 - Apr 19, 2023
#10	-3.60% Jun 5, 2009 - Aug 21, 2009	-0.03% Nov 10, 2022 - Nov 17, 2022
#11	-3.34% Aug 24, 2018 - Feb 26, 2019	-0.03% Oct 28, 2025 - Oct 31, 2025
#12	-2.50% Feb 2, 2015 - Mar 24, 2015	-0.03% Mar 24, 2023 - Mar 30, 2023
#13	-2.35% Sep 22, 2011 - Dec 21, 2011	-0.02% Oct 9, 2020 - Feb 5, 2021
#14	-1.86% Mar 9, 2012 - Mar 27, 2012	-0.02% Dec 17, 2024 - Dec 19, 2024
#15	-1.86% Mar 26, 2009 - Apr 22, 2009	-0.02% Mar 15, 2023 - Mar 17, 2023

Correlation

Correlation between HYD and BILS is 0.21 which considered as a very weak or no correlation - the stocks move independently of each other.

0.21

-101

Dividend Comparison (2009 - 2026)

HYD vs BILS dividend yield comparison.

Year	HYD	BILS
2026	1.47%	1.16%
2025	4.29%	4.08%
2024	4.29%	5.01%
2023	4.13%	4.98%
2022	3.96%	1.61%
2021	3.50%	0.00%
2020	4.01%	0.00%
2019	4.08%	0.00%
2018	4.43%	0.00%
2017	4.29%	0.00%
2016	4.58%	0.00%
2015	4.82%	0.00%
2014	4.98%	0.00%
2013	6.34%	0.00%
2012	5.00%	0.00%
2011	5.86%	0.00%
2010	6.93%	0.00%
2009	5.72%	0.00%