VanEck Short High Yield Muni ETF
$22.19+0.12 (+0.54%)
- 0.32%
- $479M
- +0.4%
- 3.73%
- 0.2M sh
- $21.96
- low $21.75high $24.03
The ETF.net SHYD Grade
B
Score 69 out of 100
- 5 of 19
Score 69 of 100 falls in the B 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.B58 out of 100Rank 18 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A72 out of 100Rank 2 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C47 out of 100Rank 11 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 6 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 7 of 19
Our read on SHYD
BHigh-yield munis usually mean 30-year paper. SHYD tracks a 'crossover' index capped at 12 years, blending BBB-rated and below-investment-grade tax-exempt bonds, and pays income monthly. Short maturities, spicier credit.
The fund seeks to track the price and yield performance of the ICE 1-12 Year Broad High Yield Crossover Municipal Index before fees and expenses. That index represents the U.S.-dollar-denominated short-term high-yield tax-exempt municipal bond market.
Why people hold it
- The maturity ceiling is the whole idea. The index runs 1 to 12 years, skipping the long-dated bonds that drive most high-yield muni funds' rate sensitivity.vaneck.com
- 'Crossover' is doing work in the name: the index reaches into BBB-rated munis alongside below-investment-grade ones, rather than living only at the deepest end of the credit pool.vaneck.com
- Monthly distributions from a spread of roughly 500 bonds, drawn from the tax-exempt municipal market.
- Live since 2014, so it carries a real record through multiple rate cycles instead of a backtest.
Worth knowing
- At 0.32%, it runs slightly above the typical muni ETF and roughly ten times what plain-vanilla index funds like VTEB (0.03%) and MUB (0.05%) charge.
- Credit risk is the engine here. Below-investment-grade munis can be thinly traded, and that shows up in pricing when the market gets stressed.
- The 12-year cap trims off the longest end of the muni curve, where yields typically sit highest. That's the trade for the shorter profile.
SHYD Holdings
- Other
- 614
- 11%
- -Usd Cash-
Geography
- United States100.00%
SHYD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SHYD$10,041
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 | SHYD |
|---|---|
| Year to date | −1.0% |
| 1 month | −0.7% |
| 3 months | −2.4% |
| 1 year | +0.4% |
| 3 years | +3.9% |
| 5 years | +0.7% |
| 10 years | +1.8% |
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 | SHYD |
|---|---|---|
| 2026 YTD | −1.0% | |
| 2025 | +5.6% | |
| 2024 | +4.8% | |
| 2023 | +2.4% | |
| 2022 | −9.1% | |
| 2021 | +4.0% | |
| 2020 | +1.6% |
SHYD in the news
SHYD Dividends
- 3.73%
- $0.82
- $0.06 per share
- Monthly
Distribution history
SHYD Risk
- 3.5%
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.
- −0.17
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.
- −13.0%
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.
- 0.55
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SHYD Cost
0.32%
SHYD0.32%
- 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
- 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%
- BHIMUBlackrock ETF Trust II - Ishares High Yield Muni Active ETFExpense ratio 0.40%1 year return −1.8%
- BTHYMT. Rowe Price High Income Municipal ETFExpense ratio 0.32%1 year return —
- BFTMHFranklin Municipal High Yield ETFExpense ratio 0.35%1 year return —