WABFvsHYDETF Comparison
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Western Asset Bond ETF (WABF) belongs to the US Aggregate Bonds segment. VanEck High Yield Muni ETF (HYD) is part of the Municipal Bonds segment. WABF's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, HYD's top sector exposures are Municipal. WABF is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.32% for HYD. WABF is down -5.75% year-to-date (YTD) with -$4M in YTD flows. HYD performs better with -1.6% YTD performance, and +$593M in YTD flows. Run a side-by-side ETF comparison of WABF and HYD 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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WABF vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | WABF HYD | -1.65%-1.07% | -3.64%-3.91% | -5.75%-1.60% | -6.85%-1.08% | +11.82%+14.94% | n/a-4.04% |
| Flows | WABF HYD | -$4M+$426M | -$4M+$120M | -$4M+$593M | -$4M+$1.04B | -$30M+$1.86B | -+$1.68B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | WABF HYD | +4.71%+5.85% | +4.48%+3.65% | +5.62%+4.47% | n/a+4.67% |
| Max drawdown | WABF HYD | -4.67%-6.10% | -8.57%-6.77% | -8.57%-6.77% | n/a-19.44% |
| Max drawdown duration | WABF HYD | 91d91d | 232d105d | 232d105d | n/a1750d |
Trading data
WABF | HYD | |
Last sale 10/20/2026 at 1:30 PM | $23.78 | $48.64 |
| Previous close 10/19/2026 | $23.77 | $48.55 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 21, 2026
1-year trailing difference
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WABF
is actively managed and doesn’t replicate an indexWABF | HYD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/20/2026 at 1:30 PM
Live
Closed
WABF | HYD | |
|---|---|---|
| Last price | $23.78 | $48.64 |
| 1D performance | +0.03% | +0.19% |
| AuM | $11.88 M | $4.40 B |
| E/R | 0.35% | 0.32% |
Characteristics
WABF | HYD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | VanEck |
| Benchmark | - | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 348 | 714 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 19, 2023 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
WABF
USA
44.94%
Other
55.06%
HYD
USA
60.08%
Other
39.92%
Sectors
WABF
Sovereign
15.89%
Finance
9.54%
Other
74.58%
HYD
Municipal
60.08%
Other
39.92%
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Diversification
WABF
Total weight of top 15 holdings out of 15
28.25%
HYD
Total weight of top 15 holdings out of 15
8.65%
Top 15 holdings
Data as of August 31, 2026
WABF
USA, Notes 4.625% 30sep2030, USD (Q-2030)
11.68%
US3140QNCM26
1.63%
US3132D9FS84
1.55%
US03665MAJ09
1.40%
USA, Bonds 4.75% 15feb2041, USD
1.32%
US02009EAA47
1.20%
US3133KRV844
1.16%
XS3315388846
1.14%
US3140NDCS41
1.12%
HSBC Holdings plc, 4.762% 29mar2033, USD
1.10%
Mexico, 4.875% 19may2033, USD
1.07%
KazMunayGas, 3.5% 14apr2033, USD
1.02%
Naspers, 3.061% 13jul2031, USD
1.02%
US3140FXTT96
0.99%
US081925AD15
0.87%
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%
Frequently asked questions about WABF and HYD
How have the WABF and HYD ETFs performed in 2026?
As of October 19, 2026, WABF is down -5.75% year-to-date (YTD), while HYD has lost -1.6%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: WABF or HYD?
Year-to-date, the WABF ETF saw -$4M in flows, compared to +$593M for HYD.
Which ETF is more volatile: WABF or HYD?
Over the past year, WABF had a volatility of 4.48%, while HYD experienced 3.65%.
Which ETF is bigger: WABF or HYD?
As of October 19, 2026, WABF holds $11.88 M in assets under management (AUM), while HYD manages $4.40 B.
What sectors do the WABF and HYD ETFs invest in?
WABF leans toward sectors like Sovereign and Finance. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the WABF ETF and HYD ETF?
WABF top holdings include USA, Notes 4.625% 30sep2030, USD (Q-2030), US3140QNCM26 and US3132D9FS84. HYD holds in its top three: 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).
Which ETF is more diversified: WABF or HYD?
WABF holds 430 securities with 28.25% of its assets in the top 15. HYD has 1443 securities and a top 15 weight of 8.65%.
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