SHYM vs NIE

Comparison between iShares High Yield Muni Income Active ETF (SHYM, ETF) and Virtus Equity & Convertible Income Fund (NIE, ETF).

5-Year PerformanceNIE has outperformed SHYM, delivering a return of +9.2% compared to +0.5%

SHYM vs NIE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHYM(ETF)	NIE(ETF)
Net Assets	$801M	$804M
Expense Ratio	0.40%	N/A
Max Drawdown	26.45%	63.84%
Sharpe Ratio	0.30	1.09
5Y Beta	-0.05	0.86
5Y Dividends CAGR	37.88%	11.38%

Net Assets

SHYM

$801M

Winner

NIE

$804M

Expense Ratio

SHYM

0.40%

NIE

N/A

Max Drawdown

Winner

SHYM

26.45%

NIE

63.84%

Sharpe Ratio

SHYM

0.30

Winner

NIE

1.09

5Y Beta

Winner

SHYM

-0.05

NIE

0.86

5Y Dividends CAGR

Winner

SHYM

37.88%

NIE

11.38%

SHYM vs NIE - Historical Returns

Returns include dividend reinvestment.

Period	SHYM	NIE
1 month	+0.24%	-0.19%
3 months	+0.73%	-0.24%
6 months	+0.25%	+5.78%
1 year	+4.60%	+16.85%
5 years(CAGR)	+0.50%	+9.19%
10 years(CAGR)	N/A	+13.31%
Max(CAGR)	+1.75%	+9.32%

Winner

SHYM

+0.24%

NIE

-0.19%

Winner

SHYM

+0.73%

NIE

-0.24%

SHYM

+0.25%

Winner

NIE

+5.78%

SHYM

+4.60%

Winner

NIE

+16.85%

5Y(CAGR)

SHYM

+0.50%

Winner

NIE

+9.19%

10Y(CAGR)

SHYM

N/A

NIE

+13.31%

Max(CAGR)

SHYM

+1.75%

Winner

NIE

+9.32%

SHYM vs NIE - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SHYM	NIE
2026	+1.70%	+7.98%
2025	+2.36%	+15.68%
2024	+7.19%	+30.10%
2023	+8.51%	+25.76%
2022	-15.84%	-27.06%
2021	+6.71%	+19.62%
2020	N/A	+32.12%
2019	N/A	+29.25%
2018	N/A	-6.49%
2017	N/A	+21.91%
2016	N/A	+12.12%
2015	N/A	-5.39%
2014	N/A	+13.87%
2013	N/A	+23.03%
2012	N/A	+11.55%
2011	N/A	-9.28%
2010	N/A	+16.88%
2009	N/A	+39.29%
2008	N/A	-37.43%
2007	N/A	-4.09%

SHYM vs NIE Drawdown Comparison

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

The maximum drawdown for NIE was -57.98%, occurring on Nov 20, 2008. Recovery took 855 trading sessions.

The current SHYM drawdown is -1.08%. The current NIE drawdown is -3.76%.

Rank	SHYM	NIE
#1	-22.55% Jul 19, 2021 - Feb 28, 2025	-57.98% Jun 18, 2007 - Nov 5, 2010
#2	-8.06% Feb 28, 2025 - Jan 2, 2026	-39.10% Feb 19, 2020 - Jul 14, 2020
#3	-2.23% Feb 27, 2026 - May 29, 2026	-30.98% Dec 28, 2021 - Mar 26, 2024
#4	-1.56% Jul 6, 2026 - Jul 23, 2026	-24.95% Aug 29, 2018 - Jul 19, 2019
#5	-0.72% Jun 10, 2021 - Jul 2, 2021	-24.08% Apr 6, 2011 - Jan 23, 2013
#6	-0.27% Apr 15, 2021 - Apr 22, 2021	-20.78% Jan 22, 2025 - Jul 21, 2025
#7	-0.27% Jan 14, 2026 - Jan 27, 2026	-18.12% Nov 26, 2014 - Jul 8, 2016
#8	-0.18% Feb 4, 2026 - Feb 12, 2026	-10.51% Jul 10, 2024 - Oct 8, 2024
#9	-0.16% Jun 9, 2026 - Jun 15, 2026	-9.62% Jan 26, 2018 - Jun 5, 2018
#10	-0.13% Jun 4, 2026 - Jun 9, 2026	-9.59% Feb 17, 2021 - Apr 13, 2021
#11	-0.13% Apr 28, 2021 - May 5, 2021	-9.02% Jan 12, 2026 - Apr 14, 2026
#12	-0.12% May 6, 2021 - May 13, 2021	-8.31% May 21, 2013 - Sep 18, 2013
#13	-0.10% Mar 26, 2021 - Mar 30, 2021	-8.17% Aug 23, 2016 - Dec 20, 2016
#14	-0.09% Jun 16, 2026 - Jun 18, 2026	-7.75% Sep 2, 2020 - Oct 12, 2020
#15	-0.06% Jul 12, 2021 - Jul 14, 2021	-7.01% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between SHYM and NIE is 0.82 which considered as a strong positive correlation - the stocks tend to move together.

0.82

-101

Dividend Comparison (2007 - 2026)

SHYM vs NIE dividend yield comparison.

Year	SHYM	NIE
2026	2.41%	4.18%
2025	4.55%	10.14%
2024	4.35%	8.11%
2023	4.35%	9.56%
2022	4.01%	21.81%
2021	2.97%	10.86%
2020	0.00%	5.37%
2019	0.00%	6.71%
2018	0.00%	8.20%
2017	0.00%	7.19%
2016	0.00%	8.25%
2015	0.00%	8.46%
2014	0.00%	6.38%
2013	0.00%	6.97%
2012	0.00%	6.73%
2011	0.00%	7.18%
2010	0.00%	6.15%
2009	0.00%	6.76%
2008	0.00%	19.06%
2007	0.00%	7.56%