HYMB vs IVV
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. HYMB offers more diversification with 1,857 holdings.
Side-by-Side Comparison
| Metric | HYMB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $3.4B | $907.0B | |
| Dividend Yield | 4.61% | 1.10% | |
| Holdings | 1,857 | 508 | |
| YTD Return | +2.18% | +12.28% | |
| 1Y Return | +7.54% | +20.94% | |
| 3Y Return (annualized) | +4.88% | +21.81% | |
| 5Y Return (annualized) | +0.01% | +13.05% | |
| Volatility (annualized) | 7.3% | 15.1% | |
| Max Drawdown | -29.8% | -56.5% | |
| Fund Family | State Street Investment Management | iShares by BlackRock (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 13, 2011 | May 15, 2000 |
HYMB vs IVV Performance
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) is a ETF from State Street Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HYMB returned +7.54% while IVV returned +20.94%. Year to date, HYMB is up 2.18% versus a gain of 12.28% for IVV.
Over three years, HYMB compounded at +4.88% per year against +21.81% for IVV; over five years the annualized figures are +0.01% and +13.05% respectively. Across the full 15-year window we track, IVV has the edge at +6.98% annualized vs +1.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 7.3% for HYMB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.8% for HYMB and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HYMB charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, HYMB currently yields 4.61% against 1.10% for IVV.
Holdings Overlap
HYMB and IVV share 0 holdings out of 534 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HYMB or IVV?
HYMB has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, HYMB or IVV?
Over the past year HYMB returned +7.54% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (15 years), HYMB annualized +1.37% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, HYMB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.3% for HYMB. Worst drawdown: HYMB -29.8% vs IVV -56.5%.
Should I hold both HYMB and IVV?
HYMB and IVV have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYMB and IVV?
HYMB and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, HYMB or IVV?
HYMB yields 4.61% while IVV yields 1.10%, so HYMB currently pays the higher dividend yield.
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