FOPCvsHYMBETF Comparison
VS
ETF 2
HYMB
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
This fund is part of
Municipal Bonds
-0.03%
Frontier Asset Opportunistic Credit ETF (FOPC) belongs to the Intl Aggregate Bonds segment. State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) is part of the Municipal Bonds segment. FOPC's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, HYMB's top sector exposures are Municipal. FOPC is more expensive with a Total Expense Ratio (TER) of 0.87%, versus 0.35% for HYMB. FOPC is down -0.04% year-to-date (YTD) with -$2M in YTD flows. HYMB performs better with 1.02% YTD performance, and +$595M in YTD flows. Run a side-by-side ETF comparison of FOPC and HYMB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FOPC vs HYMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FOPC HYMB | -0.12%-0.70% | -0.65%-1.56% | -0.04%+1.02% | +1.77%+6.06% | n/a+13.66% | n/a-0.90% |
| Flows | FOPC HYMB | -$2K+$228M | +$3K+$558M | -$2M+$595M | +$29K+$750M | -+$1.51B | -+$2.02B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FOPC HYMB | +3.28%+3.19% | +2.94%+3.00% | n/a+4.84% | n/a+4.88% |
| Max drawdown | FOPC HYMB | -1.26%-2.65% | -2.16%-2.67% | n/a-7.06% | n/a-20.03% |
| Max drawdown duration | FOPC HYMB | 64d59d | 184d88d | n/a269d | n/a1509d |
Trading data
FOPC | HYMB | |
Last sale 9/3/2026 at 1:46 PM | $25.15 | $24.52 |
| Previous close 09/02/2026 | $25.15 | $24.53 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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FOPC
is actively managed and doesn’t replicate an indexFOPC | HYMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:46 PM
Live
Closed
FOPC | HYMB | |
|---|---|---|
| Last price | $25.15 | $24.52 |
| 1D performance | -0.00% | -0.06% |
| AuM | $32.93 M | $3.42 B |
| E/R | 0.87% | 0.35% |
Characteristics
FOPC | HYMB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Frontier Asset Management | State Street Investment Management |
| Benchmark | - | ICE US Select High Yield Crossover Municipal Index |
| N° of holdings | 3381 | 792 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 19, 2024 | April 13, 2011 |
| ESG | No | No |
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Exposure
Countries
FOPC
USA
53.82%
Other
46.18%
HYMB
USA
53.95%
Other
46.05%
Sectors
FOPC
Sovereign
33.24%
Other
66.76%
HYMB
Municipal
53.95%
Other
46.05%
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Diversification
FOPC
Total weight of top 15 holdings out of 15
37.43%
HYMB
Total weight of top 15 holdings out of 15
10%
Top 15 holdings
Data as of July 31, 2026
FOPC
US29287L7001
25.34%
US72201R5853
4.79%
USA, Notes 3.625% 31aug2029, USD (AC-2029)
0.63%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
0.61%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
0.60%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
0.60%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
0.59%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
0.56%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
0.56%
BlackRock Cash Funds - Institutional
0.55%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
0.55%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
0.53%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
0.52%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
0.51%
USA, TIPS 0.125% 15jul2030, USD (D-2030)
0.50%
HYMB
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
2.30%
Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD
1.41%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
1.28%
Puerto Rico, 4% 1jul2046, USD
0.80%
Puerto Rico, 4% 1jul2041, USD
0.59%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.57%
New York Liberty Development Corp., 5% 15nov2044, USD
0.45%
US592250EW01
0.39%
US09182TGL52
0.35%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.34%
US167505ZF68
0.32%
Matching Fund Special Purpose Securitization Corp., 5% 1oct2039, USD (2022A)
0.31%
US472682ZN67
0.30%
North Carolina Turnpike Authority, 5% 1jan2058, USD (2024A)
0.30%
US084538JH15
0.29%
Frequently asked questions about FOPC and HYMB
How have the FOPC and HYMB ETFs performed in 2026?
As of September 1, 2026, FOPC is down -0.04% year-to-date (YTD), while HYMB has returned 1.02%. That puts HYMB better performer ahead so far this year.
Which ETF is attracting more investor money: FOPC or HYMB?
Year-to-date, the FOPC ETF saw -$2M in flows, compared to +$595M for HYMB.
Which ETF is more volatile: FOPC or HYMB?
Over the past year, FOPC had a volatility of 2.94%, while HYMB experienced 3%.
Which ETF is bigger: FOPC or HYMB?
As of September 1, 2026, FOPC holds $32.93 M in assets under management (AUM), while HYMB manages $3.42 B.
What sectors do the FOPC and HYMB ETFs invest in?
FOPC leans toward sectors like Sovereign. Meanwhile, HYMB focuses on Municipal.
What are the top holdings of the FOPC ETF and HYMB ETF?
FOPC top holdings include US29287L7001, US72201R5853 and USA, Notes 3.625% 31aug2029, USD (AC-2029). HYMB holds in its top three: Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD, Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD and Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2).
Which ETF is more diversified: FOPC or HYMB?
FOPC holds 12604 securities with 37.43% of its assets in the top 15. HYMB has 1732 securities and a top 15 weight of 10%.
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Latest news about FOPC & HYMB
Frontier Asset Management Unveils a Suite of Actively Managed "Fund-of-Funds" ETFs
December 27, 2024
FOPC
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