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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)
$120,109
AUM
$34,131,828
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MCSXX
BLCKRCK LIQ FD MUNICSH-INST
8.05%
n/a
BUCKEYE OHIO TOB SETTLEMENT FI
3.32%
n/a
Tobacco Settlement 5 % Bonds 2018-01.06.46 Series 2018B
2.98%
n/a
PUERTO RICO COMWLTH HWYS & TRA
2.41%
n/a
PUERTO RICO SALES TAX FING CO (RST
2.06%
n/a
NEW JERSEY ST TRANSN TR FD AUT
2.02%
n/a
PUERTO RICO COMWLTH
1.93%
n/a
NEW YORK TRANSN DEV CORP SPL F
1.81%
n/a
TULSA MUNI ARPT TR
1.79%
n/a
HENDERSON KY EXEMPT FACS REV
1.75%
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, HYMB, CMF

HYMU
BlackRock ETF Trust II - BlackRock High Yield Muni Income Bond ETF
HYD
VanEck ETF Trust - VanEck High Yield Muni ETF
HYMB
SPDR Series Trust - SPDR Nuveen Bloomberg High Yield Municipal Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond 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 0.0113%. This is the percent change in the value of HYMU over the most recent 1-month period. The 3-month return on HYMU is 0.0129%. 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 0.0996%. 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 FMB, PZA, and PWZ.

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

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

Disclaimers

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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.