VanEck High Yield Muni ETF
$48.22−0.57 (−1.18%)
- Expense ratio
- 0.32%
- Fund size
- $4.0B
- 1Y return
- +0.2%
- Yield · Last 12 months
- 4.53%
- Holdings
- 1940
- Volume · 30D
- 1M sh
- NAV per share
- $49.11
- 52W range
The ETF.net HYD Grade
Score 80 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 89Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 93Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 56Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 64Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 84Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 79Category rank
Our read on HYD
AJunk munis with a seatbelt: HYD's index mixes lower-rated and unrated bonds with a slice of investment-grade credit, spread across roughly 1,900 tax-exempt issues. Trading since 2009, priced under the category median.
The fund seeks to track the performance of a broad index of U.S. dollar-denominated, high-yield, long-term tax-exempt municipal bonds.
Why people hold it
- The "crossover" build is the whole idea: lower-rated and unrated munis blended with an investment-grade allocation meant to firm up credit quality and tradability.vaneck.comvaneck.com
- Costs 0.32% a year, below the high-yield muni median of 0.40% and under index rival HYMB at 0.35%.
- Roughly 1,900 bonds, paid out monthly, so no single troubled issuer drives the whole distribution.
- Open since 2009 and one of the stronger index implementations in the high-yield muni group.vaneck.com
Worth knowing
- High yield means what it says: lower-rated and unrated municipal credit, where defaults and price swings bite harder than in investment-grade munis.vaneck.com
- A long-term muni portfolio, so interest-rate moves move the price. The tax-exempt income counts for most in a taxable account.vaneck.com
- Munis trade over the counter, not on an exchange, so spreads on the fund can widen when the bond market gets jumpy.vaneck.com
HYD Holdings
- Other
- 1,940
- 8%
- -USD CASH-
Geography
- United States100.00%
HYD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HYD |
|---|---|
| Year to date | −1.7% |
| 1 month | −2.5% |
| 3 months | −3.9% |
| 1 year | +0.2% |
| 3 years | +3.8% |
| 5 years | −1.0% |
| 10 years | +1.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HYD |
|---|---|---|
| 2026 YTD | −1.7% | |
| 2025 | +2.8% | |
| 2024 | +4.9% | |
| 2023 | +6.5% | |
| 2022 | −16.0% | |
| 2021 | +5.0% | |
| 2020 | +0.2% |
HYD in the news
ETF.net Research hasn’t filed on HYD yet — coverage lands here as it’s written.
HYD Dividends
- 4.53%
- $2.21
- $0.19 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.19 |
| Aug 3, 2026 | Aug 6, 2026 | $0.19 |
| Jul 1, 2026 | Jul 7, 2026 | $0.21 |
| Jun 1, 2026 | Jun 4, 2026 | $0.15 |
| May 1, 2026 | May 6, 2026 | $0.18 |
| Apr 1, 2026 | Apr 7, 2026 | $0.21 |
| Mar 2, 2026 | Mar 5, 2026 | $0.17 |
| Feb 2, 2026 | Feb 5, 2026 | $0.19 |
| Dec 29, 2025 | Dec 31, 2025 | $0.18 |
| Nov 28, 2025 | Dec 3, 2025 | $0.17 |
| Nov 3, 2025 | Nov 6, 2025 | $0.19 |
| Oct 1, 2025 | Oct 6, 2025 | $0.17 |
HYD Risk
- 6.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.09
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HYD Cost
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
1 of the 19 High-Yield Municipal Bonds funds charge less.