Home / HYD

HYD

VanEck Vectors High-Yield Municipal Index ETF
C
--
ETF.com segment:
Fixed Income: U.S. - Government, Local Authority/Municipal High Yield
Competing ETFs: HYMB
Related ETF Channels: U.S., Muni, Fixed Income, Junk Bond, Bond, Broad Maturities, North America, Vanilla
Find more ETFs with our ETF Screener and Database
*Unless otherwise stated, data provided by FactSet.

HYD Fund Description

HYD tracks a market-weighted index of high-yield long-term tax-exempt municipal bonds.

HYD Factset Analytics Insight

HYD leads the high-yield municipal ETF space with an issuer-capped index which produces a different geographic exposure and credit risk profile than the broad market. Compared to our uncapped benchmark, it holds higher-rated bonds with slightly longer average maturity. Ultimately, HYD takes on less credit risk relative to our benchmark, resulting in a lower yield to maturity. The fund earns Analyst Pick for decent if not sterling exposure in a package that's relatively painless to own and easy to trade. While its primary liquidity suffers given nature of the the high yield muni space, its secondary liquidity is strong. It has a low expense ratio but its true holding costs are hard to predict due to uncertain tracking.

HYD CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 03/22/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HYD 1.94% 2.94% 3.23% 6.04% 4.54% 5.87% 7.30%
HYD (NAV) 1.87% 2.97% 2.84% 5.46% 4.53% 5.91% 7.54%
Bloomberg Barclays Municipal Custom High Yield Composite 1.93% 3.30% 3.19% 7.88% 5.83% 7.11% 7.54%
Bloomberg Barclays Muni High Yield Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HYD Top 10 Countries [View All]

HYD Top 10 Sectors

HYD Top 10 Holdings [View All]

HYD Summary Data

VanEck
02/04/09
Open-Ended Fund
0.35%
$2.54B
$18.93M
0.02%
Fund Home Page

HYD Portfolio Data

6.59
19.70 years
5.35%
04/01/19
1925

HYD Index Data

Bloomberg Barclays Municipal Custom High Yield Composite
Market Value
Market Value
Bloomberg Barclays Muni High Yield Index

HYD Portfolio Management

0.35%
-1.00%
-0.09%
-2.96%

HYD Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

HYD Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

HYD Factset Analytics Block Liquidity

As of 03/25/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HYD. HYD is rated a 2 out of 5.

HYD Tradability

307,650
$18.93M
289,779
$17.75M
0.02%
$0.01
-0.07%
0.27% / -1.16%
None
100.00%
50,000
5.80
0.02%
--
1,139
$62.53
2

HYD Sector/Industry Breakdown


HYD
Segment Benchmark
90.32%
91.45%
6.44%
2.52%
3.21%
5.64%
0.07%
0.40%
-0.03%
0.00%

HYD Top 10 Holdings[View All]

0.99%
0.81%
0.67%
0.66%
0.65%
0.64%
0.61%
0.59%
0.59%
0.50%
6.71%

HYD Top 5 Countries


HYD
Segment Benchmark
16.30%
15.29%
12.20%
12.01%
8.15%
7.80%
7.97%
7.35%
6.93%
4.67%

HYD Top 5 Currencies


HYD
Segment Benchmark
100.00%
100.00%

HYD Economic Development


HYD
Segment Benchmark
98.41%
94.82%
1.48%
4.86%

HYD Performance Statistics

--
--
--
--
--

HYD HOLDINGS STATISTICS


HYD
Segment Benchmark
19.70 years
20.33 years
6.59
7.02
0.16
0.15
3.75
4.38
5.35%
5.64%
6.59
7.01
Low
--
1925
3917
B+
N/A

HYD MATURITY DISTRIBUTION


HYD
Segment Benchmark
--
0.02%
--
2.78%
--
3.02%
--
4.50%
--
7.54%
--
82.14%

HYD CREDIT BREAKDOWN


HYD
Segment Benchmark
--
0.00%
--
0.04%
--
0.00%
--
0.40%
--
27.74%
--
20.42%
--
5.60%
--
2.19%
--
0.52%