HYDvsSCMBETF Comparison
VS
VanEck High Yield Muni ETF (HYD) and Schwab Municipal Bond ETF (SCMB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. HYD is more expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.03% for SCMB. HYD is down -0.53% year-to-date (YTD) with +$605M in YTD flows. SCMB performs worse with -1.3% YTD performance, and +$1.43B in YTD flows. Run a side-by-side ETF comparison of HYD and SCMB 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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HYD vs SCMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HYD SCMB | +0.88%+1.65% | -1.85%-1.20% | -0.53%-1.30% | -0.16%-0.97% | +16.23%+12.27% | -2.77%n/a |
| Flows | HYD SCMB | +$438M+$699M | +$132M+$134M | +$605M+$1.43B | +$1.05B+$1.72B | +$1.97B+$3.96B | +$1.73B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYD SCMB | +5.92%+5.50% | +3.73%+3.49% | +4.49%+3.88% | +4.68%n/a |
| Max drawdown | HYD SCMB | -6.09%-5.88% | -6.77%-6.81% | -6.77%-6.81% | -19.44%n/a |
| Max drawdown duration | HYD SCMB | 71d71d | 109d110d | 109d110d | 1754dn/a |
Trading data
HYD | SCMB | |
Last sale 10/23/2026 at 1:30 PM | $49.23 | $24.69 |
| Previous close 10/22/2026 | $49.25 | $24.59 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 25, 2026
1-year trailing difference
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HYD | SCMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
HYD | SCMB | |
|---|---|---|
| Last price | $49.23 | $24.69 |
| 1D performance | -0.04% | +0.41% |
| AuM | $4.46 B | $4.02 B |
| E/R | 0.32% | 0.03% |
Characteristics
HYD | SCMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Schwab ETFs |
| Benchmark | ICE Broad High Yield Crossover Municipal Index | ICE AMT-Free Core U.S. National Municipal Index |
| N° of holdings | 714 | 302 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 4, 2009 | October 12, 2022 |
| ESG | No | No |
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Exposure
Countries
HYD
USA
60.08%
Other
39.92%
SCMB
USA
58.8%
Other
41.2%
Sectors
HYD
Municipal
60.08%
Other
39.92%
SCMB
Municipal
58.8%
Other
41.2%
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Diversification
HYD
Total weight of top 15 holdings out of 15
8.65%
SCMB
Total weight of top 15 holdings out of 15
8.86%
Top 15 holdings
Data as of August 31, 2026
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.01%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.79%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.62%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.61%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.52%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
US442349GA89
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
SCMB
New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026)
1.11%
US59261A3T29
0.97%
University of California, 5% 15nov2041, USD (2026)
0.76%
Massachusetts, 5% 1nov2043, USD (2017)
0.70%
Pennsylvania, 4% 1mar2036, USD
0.56%
City of New York, FRN 1apr2042, USD
0.56%
University of California, 5% 15nov2035, USD (2026)
0.48%
US68607DXA89
0.47%
US544647HQ66
0.47%
US74265L3A45
0.47%
US592112XL58
0.47%
City of New York, 5% 1aug2032, USD (2022)
0.46%
City of New York, 5.4% 1aug2006, USD
0.46%
US709225GV28
0.46%
California, 5% 1sep2031, USD
0.46%
Frequently asked questions about HYD and SCMB
How have the HYD and SCMB ETFs performed in 2026?
As of October 23, 2026, HYD is down -0.53% year-to-date (YTD), while SCMB has lost -1.3%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: HYD or SCMB?
Year-to-date, the HYD ETF saw +$605M in flows, compared to +$1.43B for SCMB.
Which ETF is more volatile: HYD or SCMB?
Over the past year, HYD had a volatility of 3.73%, while SCMB experienced 3.49%.
Which ETF is bigger: HYD or SCMB?
As of October 23, 2026, HYD holds $4.46 B in assets under management (AUM), while SCMB manages $4.02 B.
What sectors do the HYD and SCMB ETFs invest in?
HYD leans toward sectors like Municipal. Meanwhile, SCMB focuses on Municipal.
What are the top holdings of the HYD ETF and SCMB ETF?
HYD top holdings include Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B). SCMB holds in its top three: New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026), US59261A3T29 and University of California, 5% 15nov2041, USD (2026).
Which ETF is more diversified: HYD or SCMB?
HYD holds 1443 securities with 8.65% of its assets in the top 15. SCMB has 522 securities and a top 15 weight of 8.86%.
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