SHYM vs EWX

Comparison between iShares High Yield Muni Income Active ETF (SHYM, ETF) and STATE STREET(R) SPDR(R) S&P(R) EMERGING MARKETS SMALL CAP ETF (EWX, ETF).

5-Year PerformanceEWX has outperformed SHYM, delivering a return of +7.2% compared to +0.8%

SHYM vs EWX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHYM(ETF)	EWX(ETF)
Net Assets	$745M	$747M
Expense Ratio	0.40%	0.65%
Max Drawdown	26.45%	63.90%
Sharpe Ratio	0.40	1.16
5Y Beta	-0.05	0.62
5Y Dividends CAGR	66.79%	9.64%

Net Assets

SHYM

$745M

Winner

EWX

$747M

Expense Ratio

Winner

SHYM

0.40%

EWX

0.65%

Max Drawdown

Winner

SHYM

26.45%

EWX

63.90%

Sharpe Ratio

SHYM

0.40

Winner

EWX

1.16

5Y Beta

Winner

SHYM

-0.05

EWX

0.62

5Y Dividends CAGR

Winner

SHYM

66.79%

EWX

9.64%

SHYM vs EWX - Historical Returns

Returns include dividend reinvestment.

Period	SHYM	EWX
1 month	+1.43%	+3.91%
3 months	+1.58%	+12.72%
6 months	+2.47%	+17.24%
1 year	+4.94%	+26.67%
5 years(CAGR)	+0.84%	+7.25%
10 years(CAGR)	N/A	+10.02%
Max(CAGR)	+1.88%	+4.70%

SHYM

+1.43%

Winner

EWX

+3.91%

SHYM

+1.58%

Winner

EWX

+12.72%

SHYM

+2.47%

Winner

EWX

+17.24%

SHYM

+4.94%

Winner

EWX

+26.67%

5Y(CAGR)

SHYM

+0.84%

Winner

EWX

+7.25%

10Y(CAGR)

SHYM

N/A

EWX

+10.02%

Max(CAGR)

SHYM

+1.88%

Winner

EWX

+4.70%

SHYM vs EWX - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	SHYM	EWX
2026	+2.04%	+13.83%
2025	+2.36%	+16.17%
2024	+7.19%	+7.64%
2023	+8.51%	+17.12%
2022	-15.84%	-15.32%
2021	+6.71%	+16.66%
2020	N/A	+13.04%
2019	N/A	+14.58%
2018	N/A	-19.74%
2017	N/A	+32.53%
2016	N/A	+10.04%
2015	N/A	-11.76%
2014	N/A	+0.87%
2013	N/A	+0.15%
2012	N/A	+23.85%
2011	N/A	-30.79%
2010	N/A	+19.60%
2009	N/A	+92.49%
2008	N/A	-53.20%

SHYM vs EWX Drawdown Comparison

The maximum drawdown for SHYM was -22.55%, occurring on Oct 24, 2022. Recovery took 908 trading sessions.

The maximum drawdown for EWX was -63.90%, occurring on Nov 20, 2008. Recovery took 583 trading sessions.

The current EWX drawdown is -0.45%.

Rank	SHYM	EWX
#1	-22.55% Jul 19, 2021 - Feb 28, 2025	-63.90% May 19, 2008 - Sep 13, 2010
#2	-8.06% Feb 28, 2025 - Jan 2, 2026	-42.99% Jan 26, 2018 - Dec 28, 2020
#3	-2.23% Feb 27, 2026 - May 29, 2026	-34.12% Jan 5, 2011 - Sep 5, 2014
#4	-0.72% Jun 10, 2021 - Jul 2, 2021	-31.87% Sep 5, 2014 - Jul 14, 2017
#5	-0.27% Apr 15, 2021 - Apr 22, 2021	-24.67% Jul 12, 2021 - Apr 9, 2024
#6	-0.27% Jan 14, 2026 - Jan 27, 2026	-21.36% Oct 7, 2024 - Jul 3, 2025
#7	-0.18% Feb 4, 2026 - Feb 12, 2026	-9.20% Jul 12, 2024 - Sep 24, 2024
#8	-0.16% Jun 9, 2026 - Jun 15, 2026	-7.98% Feb 25, 2026 - Apr 13, 2026
#9	-0.13% Jun 4, 2026 - Jun 9, 2026	-6.48% Nov 4, 2010 - Jan 3, 2011
#10	-0.13% Apr 28, 2021 - May 5, 2021	-5.86% May 26, 2026 - Jun 10, 2026
#11	-0.12% May 6, 2021 - May 13, 2021	-5.85% Apr 28, 2021 - May 28, 2021
#12	-0.10% Mar 26, 2021 - Mar 30, 2021	-4.99% Sep 17, 2025 - Jan 9, 2026
#13	-0.06% Jul 12, 2021 - Jul 14, 2021	-4.85% Apr 9, 2024 - May 2, 2024
#14	-0.04% Jan 12, 2026 - Jan 14, 2026	-4.38% May 11, 2026 - May 26, 2026
#15	-0.04% Feb 23, 2026 - Feb 27, 2026	-3.93% May 20, 2024 - Jul 3, 2024

Correlation

Correlation between SHYM and EWX is 0.80 which considered as a strong positive correlation - the stocks tend to move together.

0.80

-101

Dividend Comparison (2008 - 2026)

SHYM vs EWX dividend yield comparison.

Year	SHYM	EWX
2026	1.70%	0.00%
2025	4.55%	2.91%
2024	4.35%	2.90%
2023	4.35%	2.32%
2022	4.01%	3.00%
2021	2.97%	2.77%
2020	0.00%	2.24%
2019	0.00%	2.73%
2018	0.00%	3.26%
2017	0.00%	2.30%
2016	0.00%	2.46%
2015	0.00%	3.04%
2014	0.00%	2.74%
2013	0.00%	2.33%
2012	0.00%	2.27%
2011	0.00%	5.58%
2010	0.00%	3.03%
2009	0.00%	1.79%
2008	0.00%	0.85%