SHYD vs MFDX
Comparison between VANECK SHORT HIGH YIELD MUNI ETF (SHYD, ETF) and PIMCO RAFI DYNAMIC MULTI-FACTOR INTERNATIONAL EQUITY ETF (MFDX, ETF).
5-Year PerformanceMFDX has outperformed SHYD, delivering a return of +10.6% compared to +0.7%
SHYD vs MFDX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SHYD vs MFDX - Historical Returns
Returns include dividend reinvestment.
SHYD vs MFDX - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | SHYD | MFDX |
|---|---|---|
| 2026 | +1.21% | +8.40% |
| 2025 | +5.44% | +34.68% |
| 2024 | +4.61% | +5.45% |
| 2023 | +2.21% | +16.95% |
| 2022 | -9.01% | -10.83% |
| 2021 | +4.25% | +10.81% |
| 2020 | +1.41% | +6.30% |
| 2019 | +7.35% | +20.23% |
| 2018 | +3.34% | -15.31% |
| 2017 | +5.07% | +7.02% |
| 2016 | -0.59% | N/A |
| 2015 | -0.32% | N/A |
| 2014 | +4.55% | N/A |
SHYD vs MFDX Drawdown Comparison
The maximum drawdown for SHYD was -31.22%, occurring on Mar 19, 2020. Recovery took 225 trading sessions.
The maximum drawdown for MFDX was -36.04%, occurring on Mar 23, 2020. Recovery took 720 trading sessions.
The current SHYD drawdown is -0.41%. The current MFDX drawdown is -2.04%.
| Rank | SHYD | MFDX |
|---|---|---|
| #1 | -31.22% Feb 27, 2020 - Jan 19, 2021 | -36.04% Jan 26, 2018 - Dec 4, 2020 |
| #2 | -13.32% Aug 4, 2021 - Aug 15, 2025 | -25.60% Jan 12, 2022 - Dec 14, 2023 |
| #3 | -7.97% Aug 24, 2016 - Sep 5, 2017 | -11.63% Mar 19, 2025 - Apr 24, 2025 |
| #4 | -4.24% Feb 4, 2015 - Mar 7, 2016 | -10.66% Feb 25, 2026 - Mar 20, 2026 |
| #5 | -2.17% Feb 26, 2026 - Jun 16, 2026 | -10.10% Sep 26, 2024 - Mar 5, 2025 |
| #6 | -2.00% Jun 25, 2014 - Sep 23, 2014 | -7.09% Sep 3, 2021 - Jan 12, 2022 |
| #7 | -1.96% Aug 22, 2018 - Jan 2, 2019 | -6.10% Jul 16, 2024 - Aug 19, 2024 |
| #8 | -1.74% Feb 8, 2021 - May 6, 2021 | -6.02% Jun 7, 2021 - Aug 13, 2021 |
| #9 | -1.18% Sep 5, 2017 - Apr 6, 2018 | -4.55% Nov 12, 2025 - Dec 10, 2025 |
| #10 | -1.03% Mar 12, 2014 - May 14, 2014 | -4.47% Mar 27, 2024 - May 10, 2024 |
| #11 | -0.99% Sep 4, 2019 - Nov 26, 2019 | -4.21% Jan 8, 2021 - Feb 11, 2021 |
| #12 | -0.90% Sep 17, 2025 - Nov 24, 2025 | -3.52% May 7, 2021 - Jun 1, 2021 |
| #13 | -0.74% Oct 15, 2014 - Oct 30, 2014 | -3.51% Jul 23, 2025 - Aug 12, 2025 |
| #14 | -0.69% Aug 15, 2025 - Sep 5, 2025 | -3.49% Aug 13, 2021 - Sep 2, 2021 |
| #15 | -0.59% Dec 10, 2014 - Dec 30, 2014 | -3.44% May 21, 2024 - Jul 11, 2024 |
Correlation
Correlation between SHYD and MFDX is 0.81 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2014 - 2026)
SHYD vs MFDX dividend yield comparison.
| Year | SHYD | MFDX |
|---|---|---|
| 2026 | 1.83% | 1.62% |
| 2025 | 3.50% | 2.97% |
| 2024 | 3.16% | 3.16% |
| 2023 | 2.99% | 3.12% |
| 2022 | 2.66% | 2.85% |
| 2021 | 2.56% | 2.99% |
| 2020 | 3.05% | 1.58% |
| 2019 | 3.19% | 2.88% |
| 2018 | 3.17% | 2.13% |
| 2017 | 3.11% | 0.71% |
| 2016 | 2.97% | 0.00% |
| 2015 | 3.26% | 0.00% |
| 2014 | 2.90% | 0.00% |
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