State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
$23.45+0.07 (+0.30%)
- 0.35%
- $3.7B
- −1.8%
- 4.89%
- 2.7M sh
- $23.27
- low $23.05high $25.49
The ETF.net HYMB Grade
A
Score 72 out of 100
- 3 of 19
Score 72 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.B67 out of 100Rank 6 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.A90 out of 100Rank 7 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C47 out of 100Rank 11 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.A90 out of 100Rank 3 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A92 out of 100Rank 1 of 19
Our read on HYMB
AMost muni index funds stop at investment grade. HYMB keeps going: its benchmark reaches from A-rated paper down through unrated deals, spreading roughly 1,900 tax-exempt bonds across that credit line. Income lands monthly.
The fund seeks to track, before fees and expenses, the price and yield performance of the ICE US Select High Yield Crossover Municipal Index, which covers lower-rated and unrated tax-exempt municipal debt issued in the United States.
Why people hold it
- The crossover mandate is the whole point: the index covers lower-rated (A3/A+ or lower) and unrated tax-exempt debt, not another top-grade general-obligation ladder.ssga.com
- About 1,900 bonds dilute any single issuer's trouble, and State Street has run the fund since 2011, through more than one muni credit scare.
- One of the more actively traded funds in the muni ETF aisle, which counts in a market where the underlying bonds themselves can sit still for weeks. Pays monthly.
Worth knowing
- 0.35% a year is the toll for assembling illiquid paper. Broad, plain-vanilla muni index funds such as VTEB and SCMB charge 0.03%.
- Lower-rated and unrated munis carry default and downgrade risk that top-rated general-obligation bonds don't, and prices can move sharply when muni buyers step back.
- The benchmark has been swapped before (Bloomberg to ICE in 2025), so older track records reflect a different index than the one the fund follows now.ssga.com
HYMB Holdings
- Bonds
- 2,079
- 8%
- Prcgen 5.000 07/01/58
Sectors
- Utilities100.0%
Geography
- United States100.00%
HYMB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
HYMB$9,819
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 | HYMB |
|---|---|
| Year to date | −3.0% |
| 1 month | −3.1% |
| 3 months | −6.4% |
| 1 year | −1.8% |
| 3 years | +3.8% |
| 5 years | −0.7% |
| 10 years | +1.7% |
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 | HYMB |
|---|---|---|
| 2026 YTD | −3.0% | |
| 2025 | +2.0% | |
| 2024 | +5.5% | |
| 2023 | +7.7% | |
| 2022 | −15.5% | |
| 2021 | +5.1% | |
| 2020 | +3.8% |
HYMB in the news
HYMB Dividends
- 4.89%
- $1.14
- $0.09 per share
- Monthly
Distribution history
HYMB Risk
- 7.3%
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.
- −0.04
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.
- −19.9%
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.
- 1.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HYMB Cost
0.35%
HYMB0.35%
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
5 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%
- AHYDVanEck High Yield Muni ETFExpense ratio 0.32%1 year return −1.2%
- 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%