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HYD
VanEck Vectors High-Yield Municipal Index ETF

Price: $59.67
Change: $0.09 (0.0%)
Category: National Munis
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $40.32
  • 52 Week Hi $64.47
  • AUM $2,744.6 M
  • Shares 46.0 M

Analyst Report

This fund tracks an index of municipal bonds, a slice of the bond market that is highly coveted due to its tax features. These bonds are generally free from federal taxes and in some cases, state and local income taxes as well making these funds crucial components of portfolios for those in high tax brackets. Muni bonds are used by local entities to pay for a variety of services or to make improvements to infrastructure paying for everything from new sewer systems to school renovations and bridge construction as such, they are relatively low risk instruments. With that being said, HYD targets bonds that are rated below investment grade and thus contains issues that have a much higher chance of default. Due to this, HYD pays out a yield that is far superior to any other funds in the category including MLN which targets long-dated issues. The fund also offers solid levels of diversification although not as much as other products in the segment; it holds about 100 securities in total with just 21% of assets going to the top ten holdings. Due to its reasonable level of diversification and its ultra high yield, HYD could be a decent choice for investors seeking additional current income and are willing to add more risk to their portfolios. Just make sure to use HYD sparingly and do not allocate all of your muni bond holdings to this somewhat risky fund.

Historical Trading Data

  • 1 Month Avg. Volume 324,964
  • 3 Month Avg. Volume 400,176

Alternative ETFs in the National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest MUB 0.07% $18.1 B 1 M 2.87%
Largest (AUM) MUB 0.07% $18.1 B 1 M 2.87%
Most Liquid (Volume) MUB 0.07% $18.1 B 1 M 2.87%
Top YTD Performer BAB 0.28% $2.1 B 414,976 6.21%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

1803
Number of Holdings
7.47%
% Assets in Top 10
9.66%
% Assets in Top 15
21.63%
% Assets in Top 50
Number of Holdings
1803

% Assets in Top 10
7.47%

% Assets in Top 15
9.66%

% Assets in Top 50
21.63%

Sector Breakdown

Asset Percentage
Municipal debt 97.91%
ETF Cash Component 2.09%
Bond Sector Percentage
Municipal 97.91%
ETF Cash Component 2.09%
Maturity Percentage
Less Than 1 Year 0.14%
1-3 Years 1.79%
3-5 Years 2.41%
5-7 Years 4.57%
7-10 Years 7.33%
10-15 Years 13.59%
15-20 Years 17.13%
20-30 Years 40.49%
30+ Years 10.46%
ETF Cash Component 2.09%
Asset Percentage
Municipal debt 97.91%
ETF Cash Component 2.09%

HYD Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

HYD Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.21
Dividend Date
2020-10-01
Annual Dividend Rate
$2.51

$0.21
Dividend
2020-10-01
Dividend Date
$2.51
Annual Dividend Rate
Annual Dividend Yield
4.20%

HYD Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 32.82 M 1 Month Net Flows: 11.8 M 3 Month Net Flows: -102.14 M 6 Month Net Flows: -95.22 M 1 Year Net Flows: -132.73 M 3 Year Net Flows: 791.3 M 5 Year Net Flows: 1.35 B 10 Year Net Flows: 2.77 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for HYD on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the National Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A n/a
Expenses C+ n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

HYD Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.535%
ETF Wtd. Average
0.19%
Category Average
0.26%
Expense Ratio
0.35%
ESG Themes and Scores

HYD does not have an ESG score. There are no ESG themes that map to this ETF.

HYD Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

0.17%
1 Week Return
0.31%
4 Week Return
0.08%
13 Week Return
11.80%
26 Week Return
-3.83%
Year to Date Return
-2.92%
1 Year Return
9.40%
3 Year Return
20.44%
5 Year Return
1 Week Return
0.17%

4 Week Return
0.31%

13 Week Return
0.08%

26 Week Return
11.80%

Year to Date Return
-3.83%

1 Year Return
-2.92%

3 Year Return
9.40%

5 Year Return
20.44%

HYD Price and Volume Chart

HYD Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
262.30%
Rank
1 of 47

20 Day Volatility
2.24%
Rank
10 of 46

50 Day Volatility
2.75%
Rank
10 of 46

200 Day Volatility
4.15%
Rank
7 of 46

Beta
0.33
Rank
2 of 46

Standard Deviation
3.98%
Rank
1 of 37

Technicals

  • 20 Day MA $59.58
  • 60 Day MA $59.66
  • MACD 15 Period 0.09
  • MACD 100 Period 0.45
  • Williams % Range 10 Day 36.00
  • Williams % Range 20 Day 25.00
  • RSI 10 Day 57
  • RSI 20 Day 55
  • RSI 30 Day 55
  • Ultimate Oscillator 38

Bollinger Brands

  • Lower Bollinger (10 Day) $59.59
  • Upper Bollinger (10 Day) $59.69
  • Lower Bollinger (20 Day) $59.43
  • Upper Bollinger (20 Day) $59.74
  • Lower Bollinger (30 Day) $59.35
  • Upper Bollinger (30 Day) $59.73

Support & Resistance

  • Support Level 1 $59.58
  • Support Level 2 $59.49
  • Resistance Level 1 $59.76
  • Resistance Level 2 $59.85

Stochastic

  • Stochastic Oscillator %D (1 Day) 34.37
  • Stochastic Oscillator %D (5 Day) 46.97
  • Stochastic Oscillator %K (1 Day) 36.98
  • Stochastic Oscillator %K (5 Day) 52.45

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Disclosures

Copyright © 2020 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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