HYD vs SPY

Comparison between VANECK HIGH YIELD MUNI ETF (HYD, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed HYD, delivering a return of +13.3% compared to +0.0%

HYD vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HYD(ETF)	SPY(ETF)
Net Assets	$4B	$652B
Expense Ratio	0.32%	0.09%
Max Drawdown	36.74%	56.47%
Sharpe Ratio	0.64	2.07
5Y Beta	0.05	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	-0.04%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

HYD

$4B

Winner

SPY

$652B

Expense Ratio

HYD

0.32%

Winner

SPY

0.09%

Max Drawdown

Winner

HYD

36.74%

SPY

56.47%

Sharpe Ratio

HYD

0.64

Winner

SPY

2.07

5Y Beta

Winner

HYD

0.05

SPY

1.00

P/E Ratio

HYD

N/A

SPY

28.24

Forward P/E

HYD

N/A

SPY

21.85

5Y Dividends CAGR

HYD

-0.04%

Winner

SPY

5.43%

5Y EPS CAGR

HYD

N/A

SPY

25.79%

Debt to Equity

HYD

N/A

SPY

22.35%

P/S Ratio

HYD

N/A

SPY

3.55

P/B Ratio

HYD

N/A

SPY

5.29

HYD vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	HYD	SPY
1 month	+0.89%	+9.11%
3 months	+1.31%	+6.59%
6 months	+2.85%	+10.56%
1 year	+6.82%	+32.04%
5 years(CAGR)	+0.01%	+13.35%
10 years(CAGR)	+2.04%	+15.49%
Max(CAGR)	+4.78%	+8.50%

HYD

+0.89%

Winner

SPY

+9.11%

HYD

+1.31%

Winner

SPY

+6.59%

HYD

+2.85%

Winner

SPY

+10.56%

HYD

+6.82%

Winner

SPY

+32.04%

5Y(CAGR)

HYD

+0.01%

Winner

SPY

+13.35%

10Y(CAGR)

HYD

+2.04%

Winner

SPY

+15.49%

Max(CAGR)

HYD

+4.78%

Winner

SPY

+8.50%

HYD vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HYD	SPY
2026	+1.46%	+8.27%
2025	+3.03%	+18.00%
2024	+5.54%	+25.59%
2023	+6.06%	+26.72%
2022	-15.78%	-18.64%
2021	+5.36%	+30.52%
2020	+0.24%	+17.28%
2019	+9.24%	+31.09%
2018	+1.99%	-5.24%
2017	+9.96%	+20.78%
2016	+0.04%	+13.59%
2015	+4.86%	+1.31%
2014	+14.42%	+14.56%
2013	-8.80%	+29.00%
2012	+15.72%	+14.17%
2011	+10.69%	+0.85%
2010	+0.26%	+13.14%
2009	+23.80%	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

HYD vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current HYD drawdown is -2.60%.

Rank	HYD	SPY
#1	-35.61% Feb 26, 2020 - May 24, 2021	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-20.72% Aug 3, 2021 - Oct 24, 2022	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-15.48% May 24, 2013 - Oct 8, 2014	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-11.12% Oct 25, 2010 - Aug 2, 2011	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-10.52% Sep 6, 2016 - Aug 3, 2017	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-7.05% Aug 3, 2011 - Sep 16, 2011	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-5.41% Oct 5, 2009 - May 12, 2010	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-4.66% Dec 6, 2012 - Jan 22, 2013	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-4.02% Apr 17, 2015 - Oct 2, 2015	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-3.60% Jun 5, 2009 - Aug 21, 2009	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-3.34% Aug 24, 2018 - Feb 26, 2019	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-2.50% Feb 2, 2015 - Mar 24, 2015	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-2.35% Sep 22, 2011 - Dec 21, 2011	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.86% Mar 9, 2012 - Mar 27, 2012	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.86% Mar 26, 2009 - Apr 22, 2009	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between HYD and SPY is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (1999 - 2026)

HYD vs SPY dividend yield comparison.

Year	HYD	SPY
2026	1.47%	0.24%
2025	4.29%	1.07%
2024	4.29%	1.21%
2023	4.13%	1.40%
2022	3.96%	1.65%
2021	3.50%	1.20%
2020	4.01%	1.52%
2019	4.08%	1.75%
2018	4.43%	2.04%
2017	4.29%	1.80%
2016	4.58%	2.03%
2015	4.82%	2.06%
2014	4.98%	1.87%
2013	6.34%	1.81%
2012	5.00%	2.18%
2011	5.86%	2.05%
2010	6.93%	1.80%
2009	5.72%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%