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ETFs

BlackRock High Yield Muni Income Bond ETF

HYMU
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Mar 16 2021
Expense Ratio
0.35%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$263,833
AUM
$53,406,097
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MCSXX
BLCKRCK LIQ FD MUNICSH-INST
14.32%
n/a
BUCKEYE OHIO TOB SETTLEMENT FI
3.02%
n/a
PUERTO RICO SALES TAX FING CO (RST
2.60%
n/a
Phoenix AZ Indl Dev 6.75 % Bonds 2014-1.7.44 Fac Legacy Traditional Schs Proj Series 2014A
1.96%
n/a
CHICAGO IL BRD OF EDU
1.92%
n/a
TOBACCO SETTLEMENT-A
1.90%
n/a
MICHIGAN ST STRATEGIC FD LTD O
1.87%
n/a
PUERTO RICO COMWLTH
1.84%
n/a
BABCOCK RANCH CMNTY
1.83%
n/a
CELINA TEX SPL ASSMT REV
1.83%
Invest with HYMU

What is HYMU?

The BlackRock High Yield Muni Income Bond ETF (the Fund ) primarily seeks to maximize tax free current income and secondarily seeks to maximize capital appreciation with a portfolio composed principally of high yield and other income generating U.S. municipal bonds.

ETFs related toHYMU

ETFs correlated to HYMU include HYD, CMF, BBLB

HYMU
BlackRock ETF Trust II - BlackRock High Yield Muni Income Bond ETF
HYD
VanEck ETF Trust - VanEck High Yield Muni ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
BBLB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF
HYMB
SPDR Series Trust - SPDR Nuveen Bloomberg High Yield Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured 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.

FAQ

HYMU is a US Bonds ETF. The BlackRock High Yield Muni Income Bond ETF (the Fund ) primarily seeks to maximize tax free current income and secondarily seeks to maximize capital appreciation with a portfolio composed principally of high yield and other income generating U.S. municipal bonds.

Yes, HYMU is actively 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.

No, HYMU is not passively managed. It is actively 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 HYMU is 0.0037%. This is the percent change in the value of HYMU over the most recent 1-month period. The 3-month return on HYMU is 0.0258%. This is the percent change in the value of HYMU over the most recent 3-month period.

The standard deviation of HYMU for the past year is 0.0951%. 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 HYMU include NYF, VTEB, and PZA.

ETFs correlated to HYMU include HYD, CMF, and BBLB.

ETFs that are inversely correlated to HYMU include SJB, TMV, and TTT.

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.