State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
$23.80−0.33 (−1.38%)
- Expense ratio
- 0.35%
- Fund size
- $3.6B
- 1Y return
- +1.4%
- Yield · Last 12 months
- 4.77%
- Holdings
- 2029
- Volume · 30D
- 1.7M sh
- NAV per share
- $24.03
- 52W range
The ETF.net HYMB Grade
Score 72 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.BScore 64Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 92Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 55Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 61Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 86Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 92Category rank
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
- 2,029
- 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.
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 | HYMB |
|---|---|
| Year to date | −0.2% |
| 1 month | −2.4% |
| 3 months | −3.6% |
| 1 year | +1.4% |
| 3 years | +4.4% |
| 5 years | −0.4% |
| 10 years | +1.9% |
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 | −0.2% | |
| 2025 | +2.0% | |
| 2024 | +5.5% | |
| 2023 | +7.7% | |
| 2022 | −15.5% | |
| 2021 | +5.1% | |
| 2020 | +3.8% |
HYMB in the news
ETF.net Research hasn’t filed on HYMB yet — coverage lands here as it’s written.
HYMB Dividends
- 4.77%
- $1.15
- $0.10 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.10 |
| Aug 3, 2026 | Aug 6, 2026 | $0.10 |
| Jul 1, 2026 | Jul 7, 2026 | $0.10 |
| Jun 1, 2026 | Jun 4, 2026 | $0.10 |
| May 1, 2026 | May 6, 2026 | $0.10 |
| Apr 1, 2026 | Apr 6, 2026 | $0.10 |
| Mar 2, 2026 | Mar 5, 2026 | $0.09 |
| Feb 2, 2026 | Feb 5, 2026 | $0.10 |
| Dec 18, 2025 | Dec 23, 2025 | $0.10 |
| Dec 1, 2025 | Dec 4, 2025 | $0.10 |
| Nov 3, 2025 | Nov 6, 2025 | $0.09 |
| Oct 1, 2025 | Oct 6, 2025 | $0.10 |
HYMB Risk
- 7.0%
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.
- 0.02
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
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
5 of the 19 High-Yield Municipal Bonds funds charge less.