VanEck Short High Yield Muni ETF
$22.15−0.11 (−0.50%)
- Expense ratio
- 0.32%
- Fund size
- $462M
- 1Y return
- +0.6%
- Yield · Last 12 months
- 3.69%
- Holdings
- 548
- Volume · 30D
- 0.1M sh
- NAV per share
- $22.21
- 52W range
The ETF.net SHYD Grade
Score 64 of 100 sits in the B 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.AScore 89Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 49Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 60Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 45Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 67Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 70Category rank
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
- 548
- 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.
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 | SHYD |
|---|---|
| Year to date | −0.4% |
| 1 month | −1.6% |
| 3 months | −1.7% |
| 1 year | +0.6% |
| 3 years | +4.1% |
| 5 years | +0.5% |
| 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 | SHYD |
|---|---|---|
| 2026 YTD | −0.4% | |
| 2025 | +5.6% | |
| 2024 | +4.8% | |
| 2023 | +2.4% | |
| 2022 | −9.1% | |
| 2021 | +4.0% | |
| 2020 | +1.6% |
SHYD in the news
ETF.net Research hasn’t filed on SHYD yet — coverage lands here as it’s written.
SHYD Dividends
- 3.69%
- $0.82
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.07 |
| Aug 3, 2026 | Aug 6, 2026 | $0.07 |
| Jul 1, 2026 | Jul 7, 2026 | $0.09 |
| Jun 1, 2026 | Jun 4, 2026 | $0.05 |
| May 1, 2026 | May 6, 2026 | $0.07 |
| Apr 1, 2026 | Apr 7, 2026 | $0.08 |
| Mar 2, 2026 | Mar 5, 2026 | $0.06 |
| Feb 2, 2026 | Feb 5, 2026 | $0.07 |
| Dec 29, 2025 | Dec 31, 2025 | $0.07 |
| Nov 28, 2025 | Dec 3, 2025 | $0.07 |
| Nov 3, 2025 | Nov 6, 2025 | $0.07 |
| Oct 1, 2025 | Oct 6, 2025 | $0.06 |
SHYD Risk
- 3.2%
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.
- −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
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
1 of the 19 High-Yield Municipal Bonds funds charge less.