The Nuveen S&P High Yield Municipal Bond fund is an exchange traded fund (ETF) within the SPDR family. There are 2 other funds we track which provide a return similar to HYMB.

Within the SPDR family of funds, the most positively correlated other funds are Nuveen Barclays California Municipal Bond, Nuveen Barclays New York Municipal Bond, Nuveen Barclays Build America Bond, Nuveen Barclays Municipal Bond, Barclays Issuer Scored Corporate Bond.

Outside of the SPDR family, the most positively correlated other funds are Vanguard Mutual Funds - High-Yield Tax-Exempt, Vanguard Mutual Funds - High-Yield Tax-Exempt Admiral Shares, Vanguard Mutual Funds - New Jersey Long-Term Tax-Exempt, PowerShares - Build America Bond Portfolio, Vanguard Mutual Funds - New Jersey Long-Term Tax-Exempt Admiral Shares.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to SPDR's Nuveen S&P High Yield Municipal Bond fund.
99.1% VWAHX Vanguard Mutual Funds High-Yield Tax-Exempt
99.1% VWALX Vanguard Mutual Funds High-Yield Tax-Exempt Admiral Shares

Performance for the previous 2 years


Negatively Correlated SPDR funds
BIL SPDR Barclays 1-3 Month T-Bill -90.2%
XME SPDR S&P Metals and Mining -86.9%
QESP SPDR MSCI Spain Quality Mix -85.0%
RBL SPDR S&P Russia -84.7%
BWZ SPDR Barclays Short Term International Treasury Bond -82.4%

Positively Correlated Non-SPDR funds
VWAHX Vanguard Mutual Funds High-Yield Tax-Exempt 99.1%
VWALX Vanguard Mutual Funds High-Yield Tax-Exempt Admiral Shares 99.1%
VNJTX Vanguard Mutual Funds New Jersey Long-Term Tax-Exempt 99.0%
BAB PowerShares Build America Bond Portfolio 99.0%
VNJUX Vanguard Mutual Funds New Jersey Long-Term Tax-Exempt Admiral Shares 99.0%
Negatively Correlated Non-SPDR funds
DBB PowerShares DB Base Metals Fund -85.4%
UDN PowerShares DB US Dollar Index Bearish Fund -85.3%
ISHG iShares 1-3 Year International Treasury Bond ETF -85.3%
DBC PowerShares DB Commodity Index Tracking Fund -83.7%
ERUS iShares MSCI Russia Capped ETF -83.5%

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