SHYM vs PMMF
Comparison between iShares High Yield Muni Income Active ETF (SHYM, ETF) and iShares Prime Money Market ETF (PMMF, ETF).
SHYM vs PMMF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SHYM
$545M
Winner
PMMF
$547M
Expense Ratio
SHYM
0.40%
Winner
PMMF
0.20%
Max Drawdown
SHYM
26.45%
Winner
PMMF
0.46%
Sharpe Ratio
SHYM
0.39
Winner
PMMF
1.60
5Y Beta
Winner
SHYM
-0.05
PMMF
-0.00
5Y Dividends CAGR
SHYM
66.79%
PMMF
N/A
SHYM vs PMMF - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SHYM
+0.79%
PMMF
+0.31%
3M
SHYM
+0.79%
Winner
PMMF
+0.91%
6M
Winner
SHYM
+2.29%
PMMF
+1.83%
1Y
Winner
SHYM
+4.85%
PMMF
+4.01%
5Y(CAGR)
SHYM
+0.99%
PMMF
N/A
Max(CAGR)
SHYM
+1.85%
Winner
PMMF
+4.10%
SHYM vs PMMF - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | SHYM | PMMF |
|---|---|---|
| 2026 | +1.86% | +1.54% |
| 2025 | +2.36% | +3.84% |
| 2024 | +7.19% | N/A |
| 2023 | +8.51% | N/A |
| 2022 | -15.84% | N/A |
| 2021 | +6.71% | N/A |
SHYM vs PMMF Drawdown Comparison
The maximum drawdown for SHYM was -22.55%, occurring on Oct 24, 2022. Recovery took 908 trading sessions.
The maximum drawdown for PMMF was -0.13%, occurring on Apr 9, 2025. Recovery took 6 trading sessions.
The current SHYM drawdown is -0.09%.
| Rank | SHYM | PMMF |
|---|---|---|
| #1 | -22.55% Jul 19, 2021 - Feb 28, 2025 | -0.13% Apr 8, 2025 - Apr 16, 2025 |
| #2 | -8.06% Feb 28, 2025 - Jan 2, 2026 | -0.12% Feb 18, 2025 - Feb 20, 2025 |
| #3 | -2.23% Feb 27, 2026 - May 29, 2026 | -0.07% Apr 17, 2025 - Apr 24, 2025 |
| #4 | -0.72% Jun 10, 2021 - Jul 2, 2021 | -0.05% Feb 21, 2025 - Feb 28, 2025 |
| #5 | -0.27% Apr 15, 2021 - Apr 22, 2021 | -0.03% Apr 29, 2025 - May 5, 2025 |
| #6 | -0.27% Jan 14, 2026 - Jan 27, 2026 | -0.02% Oct 14, 2025 - Oct 17, 2025 |
| #7 | -0.18% Feb 4, 2026 - Feb 12, 2026 | -0.02% Nov 11, 2025 - Nov 13, 2025 |
| #8 | -0.13% Apr 28, 2021 - May 5, 2021 | -0.02% Apr 24, 2025 - Apr 28, 2025 |
| #9 | -0.12% May 6, 2021 - May 13, 2021 | -0.01% Jul 21, 2025 - Jul 24, 2025 |
| #10 | -0.10% Mar 26, 2021 - Mar 30, 2021 | -0.01% Jun 27, 2025 - Jul 1, 2025 |
| #11 | -0.09% Jun 4, 2026 - Jun 5, 2026 | -0.01% Jul 16, 2025 - Jul 18, 2025 |
| #12 | -0.06% Jul 12, 2021 - Jul 14, 2021 | -0.01% Mar 4, 2025 - Mar 6, 2025 |
| #13 | -0.04% Jan 12, 2026 - Jan 14, 2026 | -0.01% Mar 17, 2025 - Mar 20, 2025 |
| #14 | -0.04% Feb 23, 2026 - Feb 27, 2026 | -0.01% Feb 7, 2025 - Feb 11, 2025 |
| #15 | -0.04% May 27, 2021 - Jun 1, 2021 | -0.00% May 5, 2025 - May 7, 2025 |
Correlation
Correlation between SHYM and PMMF is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
0.79
-101
Dividend Comparison (2021 - 2026)
SHYM vs PMMF dividend yield comparison.
| Year | SHYM | PMMF |
|---|---|---|
| 2026 | 1.70% | 1.48% |
| 2025 | 4.55% | 3.59% |
| 2024 | 4.35% | 0.00% |
| 2023 | 4.35% | 0.00% |
| 2022 | 4.01% | 0.00% |
| 2021 | 2.97% | 0.00% |
Select Stocks to Compare
Popular: SHYM vs SPYPMMF vs SPY
More Comparisons
Compare with similar stocks