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ETFs

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF

HYMB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 13 2011
Expense Ratio
0.35%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$13,071,235
AUM
$1,937,105,106
Associated Index
Bloomberg Municipal Yield Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
BUCGEN 5.000 06/01/55
1.73%
n/a
PRCGEN 4.784 07/01/58
1.38%
n/a
PRCGEN 5.000 07/01/58
1.05%
n/a
PRCGEN 4.750 07/01/53
1.03%
n/a
JEFUTL 6.500 10/01/53
0.70%
n/a
SJHTRN 5.250 01/15/44
0.68%
n/a
NYTTRN 5.000 10/01/40
0.68%
n/a
FLSDEV 7.250 07/01/57
0.59%
n/a
MFCFAC 5.000 10/01/39
0.56%
n/a
PRC 5.750 07/01/31
0.55%
Invest with HYMB

What is HYMB?

The SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Municipal Yield Index (the "Index"). The Bloomberg Municipal Yield Index (the Index) is market value-weighted and designed to measure the performance of U.S. dollar-denominated high-yield municipal bonds issued by U.S. states, the District of Columbia, U.S. territories and local governments or agencies. The Index includes fully tax-exempt investment grade, non-investment grade (junk) and non-rated bonds, but does not include defaulted securities. The Index consists of bonds that are constituents of the Bloomberg Municipal High Yield Bond Index and Bloomberg U.S. Municipal Bond Index as follows: (i) 70% of the Index is represented by the constituents of the Bloomberg Municipal High Yield Bond Index.

ETFs related toHYMB

ETFs correlated to HYMB include HYD, VTEB, TFI

HYMB
SPDR Series Trust - SPDR Nuveen Bloomberg High Yield Municipal Bond ETF
HYD
VanEck ETF Trust - VanEck High Yield Muni ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
PZA
Invesco Capital Management LLC - Invesco National AMT-Free Municipal Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHYMB

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DGE

Diversify with Global Exposure

Category

Momentum, Tactical Asset Allocation, Go Global, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HYMB using Composer

FAQ

HYMB is a US Bonds ETF. The SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Municipal Yield Index (the "Index"). The Bloomberg Municipal Yield Index (the Index) is market value-weighted and designed to measure the performance of U.S. dollar-denominated high-yield municipal bonds issued by U.S. states, the District of Columbia, U.S. territories and local governments or agencies. The Index includes fully tax-exempt investment grade, non-investment grade (junk) and non-rated bonds, but does not include defaulted securities. The Index consists of bonds that are constituents of the Bloomberg Municipal High Yield Bond Index and Bloomberg U.S. Municipal Bond Index as follows: (i) 70% of the Index is represented by the constituents of the Bloomberg Municipal High Yield Bond Index.

HYMB tracks the Bloomberg Municipal Yield Index.

No, HYMB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HYMB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYMB is -0.0161%. This is the percent change in the value of HYMB over the most recent 1-month period. The 3-month return on HYMB is -0.0323%. This is the percent change in the value of HYMB over the most recent 3-month period.

The standard deviation of HYMB for the past year is 0.0705%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYMB include BAB, SUB, and MUNI.

ETFs correlated to HYMB include HYD, VTEB, and TFI.

ETFs that are inversely correlated to HYMB include TBT, TTT, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.