HYD vs CMF
Comparison between VANECK HIGH YIELD MUNI ETF (HYD, ETF) and ISHARES CALIFORNIA MUNI BOND ETF (CMF, ETF).
5-Year PerformanceCMF has outperformed HYD, delivering a return of +0.7% compared to -0.1%
HYD vs CMF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HYD vs CMF - Historical Returns
Returns include dividend reinvestment.
HYD vs CMF - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | HYD | CMF |
|---|---|---|
| 2026 | +2.52% | +1.24% |
| 2025 | +3.03% | +3.22% |
| 2024 | +5.54% | +1.78% |
| 2023 | +6.06% | +5.24% |
| 2022 | -15.78% | -8.18% |
| 2021 | +5.36% | +0.77% |
| 2020 | +0.24% | +4.50% |
| 2019 | +9.24% | +7.01% |
| 2018 | +1.99% | +0.92% |
| 2017 | +9.96% | +4.69% |
| 2016 | +0.04% | -0.37% |
| 2015 | +4.86% | +3.00% |
| 2014 | +14.42% | +10.66% |
| 2013 | -8.80% | -3.23% |
| 2012 | +15.72% | +7.34% |
| 2011 | +10.69% | +15.75% |
| 2010 | +0.26% | -2.55% |
| 2009 | +23.80% | +8.14% |
| 2008 | N/A | +0.64% |
| 2007 | N/A | +1.37% |
HYD vs CMF Drawdown Comparison
The maximum drawdown for HYD was -35.61%, occurring on Mar 18, 2020. Recovery took 313 trading sessions.
The maximum drawdown for CMF was -16.45%, occurring on Jun 10, 2015. Recovery took 1295 trading sessions.
The current HYD drawdown is -1.59%. The current CMF drawdown is -0.57%.
| Rank | HYD | CMF |
|---|---|---|
| #1 | -35.61% Feb 26, 2020 - May 24, 2021 | -16.45% Dec 26, 2014 - Feb 20, 2020 |
| #2 | -20.72% Aug 3, 2021 - Oct 24, 2022 | -14.57% Mar 9, 2020 - Jul 16, 2020 |
| #3 | -15.48% May 24, 2013 - Oct 8, 2014 | -13.25% May 21, 2008 - Jan 7, 2009 |
| #4 | -11.12% Oct 25, 2010 - Aug 2, 2011 | -12.46% Aug 3, 2021 - Sep 18, 2025 |
| #5 | -10.52% Sep 6, 2016 - Aug 3, 2017 | -11.65% Sep 1, 2010 - Aug 2, 2011 |
| #6 | -7.05% Aug 3, 2011 - Sep 16, 2011 | -10.57% Nov 30, 2012 - Apr 10, 2014 |
| #7 | -5.41% Oct 5, 2009 - May 12, 2010 | -5.15% Jan 22, 2008 - May 21, 2008 |
| #8 | -4.66% Dec 6, 2012 - Jan 22, 2013 | -4.75% Apr 27, 2009 - Aug 17, 2009 |
| #9 | -4.02% Apr 17, 2015 - Oct 2, 2015 | -4.19% Sep 24, 2009 - Apr 27, 2010 |
| #10 | -3.60% Jun 5, 2009 - Aug 21, 2009 | -3.80% Apr 18, 2012 - Sep 28, 2012 |
| #11 | -3.34% Aug 24, 2018 - Feb 26, 2019 | -3.05% Jan 14, 2009 - Feb 9, 2009 |
| #12 | -2.50% Feb 2, 2015 - Mar 24, 2015 | -2.91% Feb 27, 2026 - Mar 24, 2026 |
| #13 | -2.35% Sep 22, 2011 - Dec 21, 2011 | -2.89% Sep 22, 2011 - Dec 8, 2011 |
| #14 | -1.86% Mar 9, 2012 - Mar 27, 2012 | -2.72% Feb 11, 2009 - Mar 24, 2009 |
| #15 | -1.86% Mar 26, 2009 - Apr 22, 2009 | -2.18% Feb 12, 2021 - Jun 11, 2021 |
Correlation
Correlation between HYD and CMF is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2007 - 2026)
HYD vs CMF dividend yield comparison.
| Year | HYD | CMF |
|---|---|---|
| 2026 | 1.75% | 1.22% |
| 2025 | 4.29% | 2.94% |
| 2024 | 4.29% | 2.78% |
| 2023 | 4.13% | 2.29% |
| 2022 | 3.96% | 1.91% |
| 2021 | 3.50% | 1.58% |
| 2020 | 4.01% | 1.80% |
| 2019 | 4.08% | 2.03% |
| 2018 | 4.43% | 2.17% |
| 2017 | 4.29% | 2.09% |
| 2016 | 4.58% | 2.21% |
| 2015 | 4.82% | 2.55% |
| 2014 | 4.98% | 2.80% |
| 2013 | 6.34% | 3.12% |
| 2012 | 5.00% | 3.08% |
| 2011 | 5.86% | 3.66% |
| 2010 | 6.93% | 4.19% |
| 2009 | 5.72% | 3.77% |
| 2008 | 0.00% | 3.52% |
| 2007 | 0.00% | 0.82% |
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