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ALL
AUM
$4.28B
P/E ratio
31.9
Dividend yield
4.6168%
Expense ratio
0.32%
Beta
0.359709
Previous close
$48.79
Today's open
$48.95
Day's range
$48.73 - $49.30
52 week range
$47.49 - $51.68
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Headquarters
US
Exchange
CBOE Global Markets BZX
Issue type
Exchange-Traded Fund
Bonds
Domestic
Municipal
This Muni ETF's 4.72% Tax-Free Yield Is Worth 7.49% to a Retiree in the Top Tax Bracket
Most retirees compare bond yields at face value and quietly leave money on the table.
24/7 Wall Street • Oct 3, 2026

HYD: An Uncertain Rate Outlook Warrants Caution
VanEck High Yield Muni ETF offers a high tax-equivalent yield of ~7.38% for top-bracket investors, driven by high-yield, longer-maturity municipal bonds. HYD's attractive yield comes with significant interest-rate sensitivity, as its ~9.35-year modified duration exposes investors to considerable downside from rate increases. Rising inflation and energy prices, combined with a hawkish rate outlook, create a challenging environment for HYD's long duration, including considerable lower-rated muni exposure.
Seeking Alpha • Sep 16, 2026

Getting Paid to Extend: The Case for Muni Duration
Treasury's pivot toward long-bond buybacks gives duration buyers their first clear green light in months — and the November midterms may add a second leg. Key takeaways Treasury's decision to at least double 10- to 30-year buybacks is a policy signal, not a technical footnote.
ETF Trends • Aug 30, 2026

Why Retirees Are Dumping Individual Bonds for This ETF and Collecting 4.37% Tax Free
Contact [email protected] for any questions or corrections.
24/7 Wall Street • Aug 25, 2026

The High Yield Muni ETFs Most Retirees Skip That Pays 4-5 Percent Tax Free
The iShares High Yield Muni Active ETF (HIMU) is an actively managed portfolio holding approximately 900 municipal bonds.
24/7 Wall Street • Jul 3, 2026

The Muni Brief: Big Flows, Low Drama
Muni ETFs just posted record inflows. Jim Colby on why low volatility, strong risk-adjusted returns, and tax-advantaged yields keep drawing investors in.
ETF Trends • Jun 21, 2026

High Earners Are Skipping Treasuries for These 3 Tax Free Muni ETFs Yielding Over 4 Percent After Tax
The 10-year Treasury yields 4.43%, which sounds competitive until a high earner runs it through the tax screen.
24/7 Wall Street • Jun 2, 2026

High Yield Munis Useful for Diversification, Extra Income
When advisors and investors hear the terms “high yield” or “junk” as it relates to bonds, they understandably have some apprehension. After all, junk bonds carry elevated credit risk relative to their investment-grade peers.
ETF Trends • Apr 20, 2026

HYD: Solid High-Yield Bond ETF, But Better Choices Out There (Rating Downgrade)
HYD is a muni bond ETF, investing in both high-yield and investment-grade muni bonds. It has a tax-advantaged 4.4% yield, which should provide above-average income to some investors in higher tax brackets. It seems broadly inferior to FLMI, another muni bond ETF, with higher-quality holdings and stronger performance.
Seeking Alpha • Mar 30, 2026

The Pivot in Portfolios: What to Watch as VanEck Takes Stage at Exchange
As we navigate the first quarter of 2026, advisor interest is increasingly shifting toward traditional hedges and quality-oriented products. VanEck, a pioneer in thematic and hard-asset investing, has seen its lineup take center stage as market participants grapple with a shifting macro environment.
ETF Trends • Mar 5, 2026

¹ Disclosures

Open an M1 investment account to buy and sell VanEck Vectors High-Yield Municipal Index ETF commission-free¹. Build wealth for the long term using automated trading and transfers.