SHYD vs FLMI
Comparison between VANECK SHORT HIGH YIELD MUNI ETF (SHYD, ETF) and FRANKLIN DYNAMIC MUNICIPAL BOND ETF (FLMI, ETF).
5-Year PerformanceFLMI has outperformed SHYD, delivering a return of +2.2% compared to +1.0%
SHYD vs FLMI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SHYD vs FLMI - Historical Returns
Returns include dividend reinvestment.
SHYD vs FLMI - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | SHYD | FLMI |
|---|---|---|
| 2026 | +1.10% | +2.22% |
| 2025 | +5.44% | +5.73% |
| 2024 | +4.61% | +5.19% |
| 2023 | +2.21% | +7.38% |
| 2022 | -9.01% | -10.15% |
| 2021 | +4.25% | +4.02% |
| 2020 | +1.41% | +5.96% |
| 2019 | +7.35% | +6.69% |
| 2018 | +3.34% | +0.34% |
| 2017 | +5.07% | -0.02% |
| 2016 | -0.59% | N/A |
| 2015 | -0.32% | N/A |
| 2014 | +4.55% | N/A |
SHYD vs FLMI Drawdown Comparison
The maximum drawdown for SHYD was -31.22%, occurring on Mar 19, 2020. Recovery took 225 trading sessions.
The maximum drawdown for FLMI was -14.66%, occurring on Oct 25, 2022. Recovery took 751 trading sessions.
The current SHYD drawdown is -0.17%. The current FLMI drawdown is -0.33%.
| Rank | SHYD | FLMI |
|---|---|---|
| #1 | -31.22% Feb 27, 2020 - Jan 19, 2021 | -14.66% Aug 4, 2021 - Jul 31, 2024 |
| #2 | -13.32% Aug 4, 2021 - Aug 15, 2025 | -13.63% Mar 9, 2020 - Nov 17, 2020 |
| #3 | -7.97% Aug 24, 2016 - Sep 5, 2017 | -4.66% Mar 3, 2025 - Sep 5, 2025 |
| #4 | -4.24% Feb 4, 2015 - Mar 7, 2016 | -2.90% Feb 27, 2026 - Mar 24, 2026 |
| #5 | -2.17% Feb 26, 2026 - Mar 24, 2026 | -2.61% Nov 29, 2024 - Feb 25, 2025 |
| #6 | -2.00% Jun 25, 2014 - Sep 23, 2014 | -2.57% Feb 12, 2021 - May 24, 2021 |
| #7 | -1.96% Aug 22, 2018 - Jan 2, 2019 | -2.21% Jan 31, 2018 - Jan 3, 2019 |
| #8 | -1.74% Feb 8, 2021 - May 6, 2021 | -1.95% Oct 1, 2024 - Nov 29, 2024 |
| #9 | -1.18% Sep 5, 2017 - Apr 6, 2018 | -1.56% Sep 3, 2019 - Jan 24, 2020 |
| #10 | -1.03% Mar 12, 2014 - May 14, 2014 | -0.90% Jun 16, 2021 - Jul 8, 2021 |
| #11 | -0.99% Sep 4, 2019 - Nov 26, 2019 | -0.90% Sep 5, 2017 - Jan 8, 2018 |
| #12 | -0.90% Sep 17, 2025 - Nov 24, 2025 | -0.73% Aug 5, 2024 - Aug 20, 2024 |
| #13 | -0.74% Oct 15, 2014 - Oct 30, 2014 | -0.52% Sep 18, 2025 - Oct 1, 2025 |
| #14 | -0.69% Aug 15, 2025 - Sep 5, 2025 | -0.52% Oct 28, 2025 - Nov 11, 2025 |
| #15 | -0.59% Dec 10, 2014 - Dec 30, 2014 | -0.44% Aug 20, 2024 - Sep 3, 2024 |
Correlation
Correlation between SHYD and FLMI is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2014 - 2026)
SHYD vs FLMI dividend yield comparison.
| Year | SHYD | FLMI |
|---|---|---|
| 2026 | 1.44% | 1.64% |
| 2025 | 3.50% | 3.89% |
| 2024 | 3.16% | 4.08% |
| 2023 | 2.99% | 3.71% |
| 2022 | 2.66% | 3.08% |
| 2021 | 2.56% | 2.22% |
| 2020 | 3.05% | 2.09% |
| 2019 | 3.19% | 2.71% |
| 2018 | 3.17% | 2.41% |
| 2017 | 3.11% | 0.34% |
| 2016 | 2.97% | 0.00% |
| 2015 | 3.26% | 0.00% |
| 2014 | 2.90% | 0.00% |
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