HYMB vs SPY
Comparison between STATE STREET(R) SPDR NUVEEN ICE HIGH YIELD MUNICIPAL BOND ETF (HYMB, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed HYMB, delivering a return of +13.2% compared to +1.5%
HYMB vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HYMB
$3B
Winner
SPY
$784B
Expense Ratio
HYMB
0.35%
Winner
SPY
0.09%
Max Drawdown
Winner
HYMB
29.76%
SPY
56.47%
Sharpe Ratio
HYMB
0.85
Winner
SPY
1.54
5Y Beta
Winner
HYMB
0.04
SPY
1.00
P/E Ratio
HYMB
N/A
SPY
27.62
Forward P/E
HYMB
N/A
SPY
21.11
5Y Dividends CAGR
HYMB
2.22%
Winner
SPY
6.00%
5Y EPS CAGR
HYMB
N/A
SPY
25.30%
Debt to Equity
HYMB
N/A
SPY
31.11%
P/S Ratio
HYMB
N/A
SPY
3.49
P/B Ratio
HYMB
N/A
SPY
5.30
HYMB vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HYMB
+1.79%
SPY
-1.37%
3M
HYMB
+3.21%
Winner
SPY
+12.22%
6M
HYMB
+3.40%
Winner
SPY
+7.20%
1Y
HYMB
+7.20%
Winner
SPY
+23.58%
5Y(CAGR)
HYMB
+1.51%
Winner
SPY
+13.19%
10Y(CAGR)
HYMB
+4.88%
Winner
SPY
+15.12%
Max(CAGR)
HYMB
+7.90%
Winner
SPY
+8.44%
HYMB vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HYMB | SPY |
|---|---|---|
| 2026 | +3.36% | +7.95% |
| 2025 | +1.88% | +18.00% |
| 2024 | +6.23% | +25.59% |
| 2023 | +7.95% | +26.72% |
| 2022 | -12.50% | -18.64% |
| 2021 | +8.78% | +30.52% |
| 2020 | +7.56% | +17.28% |
| 2019 | +13.96% | +31.09% |
| 2018 | +9.09% | -5.24% |
| 2017 | +6.91% | +20.78% |
| 2016 | +6.01% | +13.59% |
| 2015 | +8.40% | +1.31% |
| 2014 | +22.66% | +14.56% |
| 2013 | -3.77% | +29.00% |
| 2012 | +21.66% | +14.17% |
| 2011 | +15.14% | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +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% |
HYMB vs SPY Drawdown Comparison
The maximum drawdown for HYMB was -29.57%, occurring on Mar 23, 2020. Recovery took 187 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SPY drawdown is -3.18%.
| Rank | HYMB | SPY |
|---|---|---|
| #1 | -29.57% Mar 5, 2020 - Nov 30, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -17.88% Dec 31, 2021 - Sep 6, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -15.22% May 20, 2013 - Mar 3, 2014 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -7.40% Sep 6, 2016 - Apr 11, 2017 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -6.66% Feb 28, 2025 - Oct 22, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -4.28% Dec 6, 2012 - Jan 15, 2013 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -3.46% Dec 4, 2024 - Feb 28, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -3.11% Feb 27, 2026 - May 28, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.07% Sep 5, 2017 - Mar 27, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -2.71% Apr 13, 2015 - Sep 1, 2015 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.62% Oct 2, 2024 - Nov 29, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.49% Feb 11, 2021 - Apr 15, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.37% Feb 2, 2015 - Apr 13, 2015 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.61% Sep 1, 2021 - Dec 1, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.56% Sep 6, 2018 - Dec 6, 2018 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HYMB and SPY is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
Dividend Comparison (1999 - 2026)
HYMB vs SPY dividend yield comparison.
| Year | HYMB | SPY |
|---|---|---|
| 2026 | 1.89% | 0.50% |
| 2025 | 4.55% | 1.07% |
| 2024 | 4.29% | 1.21% |
| 2023 | 4.07% | 1.40% |
| 2022 | 7.54% | 1.65% |
| 2021 | 6.38% | 1.20% |
| 2020 | 7.11% | 1.52% |
| 2019 | 7.90% | 1.75% |
| 2018 | 8.06% | 2.04% |
| 2017 | 7.56% | 1.80% |
| 2016 | 8.16% | 2.03% |
| 2015 | 9.09% | 2.06% |
| 2014 | 8.99% | 1.87% |
| 2013 | 10.35% | 1.81% |
| 2012 | 9.97% | 2.18% |
| 2011 | 8.59% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 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% |
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