VanEck High Yield Muni ETF
$48.39+0.35 (+0.74%)
- 0.32%
- $4.1B
- −1.2%
- 4.62%
- 1.3M sh
- $47.72
- low $47.49high $51.68
The ETF.net HYD Grade
A
Score 80 out of 100
- 2 of 19
Score 80 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A89 out of 100Rank 2 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.A93 out of 100Rank 5 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B61 out of 100Rank 5 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 6 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 4 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 3 of 19
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
- 2,050
- 11%
- -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.
HYD$9,885
Returns run to the Oct 12, 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 | −2.9% |
| 1 month | −1.7% |
| 3 months | −5.2% |
| 1 year | −1.2% |
| 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 | −2.9% | |
| 2025 | +2.8% | |
| 2024 | +4.9% | |
| 2023 | +6.5% | |
| 2022 | −16.0% | |
| 2021 | +5.0% | |
| 2020 | +0.2% |
HYD in the news
HYD Dividends
- 4.62%
- $2.22
- $0.18 per share
- Monthly
Distribution history
HYD Risk
- 6.5%
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.
- −0.10
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
0.32%
HYD0.32%
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
1 of the 19 High-Yield Municipal Bonds funds charge less.
Other funds in High-Yield Municipal Bonds
- ACGHMCapital Group Municipal High-Income ETFExpense ratio 0.34%1 year return −1.2%
- AHYMBState Street SPDR Nuveen ICE High Yield Municipal Bond ETFExpense ratio 0.35%1 year return −1.8%
- AFMUBFidelity Municipal Bond Opportunities ETFExpense ratio 0.30%1 year return −1.4%
- BSHYDVanEck Short High Yield Muni ETFExpense ratio 0.32%1 year return +0.4%
- BHIMUBlackrock ETF Trust II - Ishares High Yield Muni Active ETFExpense ratio 0.40%1 year return −1.8%