VanEck Short High Yield Muni ETF
$22.53−0.02 (−0.09%)
- 0.32%
- $524M
- +2.5%
- 3.64%
- 191K sh
- low $21.75high $24.03
The ETF.net SHYD Grade
A
Score 70 out of 100
- 5 of 19
Score 70 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.B65 out of 100Rank 18 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 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.C48 out of 100Rank 10 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 12 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A71 out of 100Rank 6 of 19
Our read on SHYD
In short
AHigh-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.
Stated mandate
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
Worth knowing
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$10,246
Returns run to the Oct 30, 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 | +1.5% |
| 1 month | +3.5% |
| 3 months | +0.6% |
| 1 year | +2.5% |
| 3 years | +5.3% |
| 5 years | +1.2% |
| 10 years | +2.1% |
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 | +1.5% | |
| 2025 | +5.6% | |
| 2024 | +4.8% | |
| 2023 | +2.4% | |
| 2022 | −9.1% | |
| 2021 | +4.0% | |
| 2020 | +1.6% |
SHYD in the news
SHYD Dividends
- 3.64%
- $0.82
- $0.06 per share
- Monthly
SHYD Risk
- 3.9%
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.
- 0.20
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.
FMP measures it over up to five years of monthly returns.
SHYD Cost
Overpaying vs FMUB, cheapest in High-Yield Municipal Bonds
$393
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
SHYD 0.32%
$6,542
FMUB 0.30% Cheapest
$6,149
Cost over time
Year by year
| Year | SHYD | FMUB | Overpaying |
|---|---|---|---|
| 10 | $580 | $545 | $35 |
| 20 | $2,250 | $2,113 | $137 |
| 30 | $6,542 | $6,149 | $393 |
Other funds in High-Yield Municipal Bonds
- AFMUBFidelity Municipal Bond Opportunities ETFExpense ratio 0.30%1 year return +1.1%
- AHYMBState Street SPDR Nuveen ICE High Yield Municipal Bond ETFExpense ratio 0.35%1 year return −0.1%
- BFTMHFranklin Municipal High Yield ETFExpense ratio 0.35%1 year return +0.5%
- BTHYMT. Rowe Price High Income Municipal ETFExpense ratio 0.32%1 year return
- BHIMUIshares High Yield Muni Active ETFExpense ratio 0.39%1 year return +0.9%
