| Indicators | Browse All

VanEck High Yield Muni ETF (HYD)

High Yield Muni | Exchange Traded Fund | Cboe US
48.82 USD +0.56 (1.150%) ⇧ (Oct. 15, 2026, 4 p.m. EDT)
Short-term:★★☆☆☆Long-term:★★☆☆☆Dividends:★★★⯪☆
Hot Take ↕ | Oct. 10, 2026, 6:46 a.m. EDT

The VanEck High Yield Muni ETF is currently trapped in a defensive posture, offering a robust 4.62% tax-free yield that serves as a primary floor for income investors. However, the underlying asset quality is deteriorating; the fund has suffered a cumulative loss of over 20% since 2016, with the most recent annual performance showing a decline. While the yield is attractive, the price action confirms the market's skepticism, as the ETF trades near its 52-week low and has underperformed its 200-day average significantly. Options data reinforces this bearish bias, with traders accumulating downside protection rather than betting on a recovery. This is a hold for income seekers who can tolerate capital erosion, but it lacks the fundamental momentum required for a long-term accumulation strategy.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.013206
AutoETS0.013288
AutoTheta0.013835
AutoARIMA0.013950

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 68%
H-stat 112.79
Ljung-Box p 0.000
Jarque-Bera p 0.067
Excess Kurtosis -0.52
Attribute Value
Forward P/E -2441.00

As of Oct. 10, 2026, 6:46 a.m. EDT: Speculators are positioning defensively with heavy put volume and open interest concentrated at strikes below the current price (47.0 and 48.0), particularly for the December 2026 expiration where ITM puts dominate. Call activity is sparse and mostly limited to out-of-the-money strikes, indicating a lack of aggressive bullish sentiment despite the asset trading near its 52-week low.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.38% 4.39% 4.34% 4.14%
Dividend History
Date Dividend Yield %
2026-10-01 0.182 0.378693
2026-09-01 0.185 0.373285
2026-08-03 0.193 0.385460
2026-07-01 0.213 0.413673
2026-06-01 0.152 0.296585
2026-05-01 0.183 0.359035
2026-04-01 0.210 0.416832
2026-03-02 0.172 0.335675
2026-02-02 0.186 0.364706
2025-12-29 0.180 0.352250
2025-11-28 0.172 0.336595
2025-11-03 0.191 0.375172
2025-10-01 0.174 0.342587
2025-09-02 0.185 0.375330
2025-08-01 0.192 0.388743
2025-07-01 0.188 0.375549
2025-06-02 0.184 0.371267
2025-05-01 0.172 0.342629
2025-04-01 0.189 0.368780
2025-03-03 0.159 0.303725
2025-02-03 0.207 0.399152
2024-12-27 0.188 0.364200
2024-12-02 0.168 0.318786
2024-11-01 0.185 0.355496
2024-10-01 0.170 0.320876
2024-09-03 0.180 0.343380
2024-08-01 0.191 0.368797
2024-07-01 0.188 0.365332
2024-06-03 0.186 0.362715
2024-05-01 0.213 0.417238
2024-04-01 0.194 0.373796
2024-03-01 0.171 0.329480
2024-02-01 0.193 0.370655
2023-12-27 0.181 0.350164
2023-12-01 0.162 0.319842
2023-11-01 0.186 0.388877
2023-10-02 0.201 0.414262
2023-09-01 0.179 0.354666
2023-08-01 0.179 0.351877
2023-07-03 0.175 0.342064
2023-06-01 0.174 0.340976
2023-05-01 0.164 0.321002
2023-04-03 0.194 0.375896
2023-03-01 0.159 0.313919
2023-02-01 0.179 0.341538
2022-12-28 0.173 0.341830
2022-12-01 0.147 0.283401
2022-11-01 0.177 0.361077
2022-10-03 0.162 0.322004
2022-09-01 0.158 0.300895
2022-08-01 0.166 0.302038
2022-07-01 0.186 0.344189
2022-06-01 0.154 0.277128
2022-05-02 0.174 0.317171
2022-04-01 0.170 0.296581
2022-03-01 0.161 0.271135
2022-02-01 0.176 0.291536
2021-12-29 0.174 0.278757
2021-12-01 0.170 0.272611
2021-11-01 0.184 0.297494
2021-10-01 0.181 0.290018
2021-09-01 0.187 0.295185
2021-08-02 0.180 0.282397
2021-07-01 0.166 0.261747
2021-06-01 0.189 0.300191
2021-05-03 0.184 0.294683
2021-04-01 0.194 0.312903
2021-03-01 0.182 0.296224
2021-02-01 0.196 0.312999
2020-12-29 0.207 0.336804
2020-12-01 0.187 0.308428
2020-11-02 0.198 0.333783
2020-10-01 0.209 0.349791
2020-09-01 0.213 0.355830
2020-08-03 0.192 0.318197
2020-07-01 0.188 0.318105
2020-06-01 0.219 0.379615
2020-05-01 0.207 0.381005
2020-04-01 0.241 0.474783
2020-03-02 0.202 0.307365
2020-02-03 0.206 0.315806
2019-12-30 0.220 0.343374
2019-12-02 0.201 0.313475
2019-11-01 0.209 0.326002
2019-10-01 0.220 0.342519
2019-09-03 0.235 0.362990
2019-08-01 0.223 0.350078
2019-07-01 0.217 0.341732
2019-06-03 0.226 0.355570
2019-05-01 0.218 0.347632
2019-04-01 0.220 0.352169
2019-03-01 0.201 0.327095
2019-02-01 0.223 0.364022
2018-12-31 6.124 10.032765
2018-12-27 0.245 0.401048
2018-12-03 0.214 0.352437
2018-11-01 0.245 0.404090
2018-10-01 0.218 0.352637
2018-09-04 0.224 0.356915
2018-08-01 0.234 0.373563
2018-07-02 0.208 0.332694
2018-06-01 0.218 0.348354
2018-05-01 0.230 0.370968
2018-04-02 0.234 0.377663
2018-03-01 0.214 0.348081
2018-02-01 0.224 0.361991
2017-12-27 0.230 0.368000
2017-12-01 0.220 0.352338
2017-11-01 0.226 0.363695
2017-10-02 0.242 0.387448
2017-09-01 0.218 0.347798
2017-08-01 0.202 0.327709
2017-07-03 0.224 0.367334
2017-06-01 0.230 0.370490
2017-05-01 0.216 0.353172
2017-04-03 0.230 0.375940
2017-03-01 0.208 0.343461
2017-02-01 0.234 0.391697
2016-12-28 0.260 0.439635
2016-12-01 0.242 0.423077
2016-11-01 0.222 0.352605
2016-10-03 0.220 0.343643
2016-09-01 0.216 0.334676
2016-08-01 0.208 0.323082
2016-07-01 0.206 0.319876
2016-06-01 0.230 0.362319
2016-05-02 0.230 0.365311
2016-04-01 0.230 0.370251
2016-03-01 0.224 0.361057
2016-02-01 0.232 0.374314
2015-12-29 0.232 0.376991
2015-12-01 0.242 0.392985
2015-11-02 0.240 0.390117
2015-10-01 0.248 0.406025
2015-09-01 0.250 0.417641
2015-08-03 0.258 0.426024
2015-07-01 0.246 0.413863
2015-06-01 0.250 0.406504
2015-05-01 0.238 0.384864
2015-04-01 0.270 0.432000
2015-03-02 0.252 0.405928
2015-02-02 0.256 0.406220
2014-12-29 0.270 0.437176
2014-12-01 0.222 0.360858
2014-11-03 0.240 0.389990
2014-10-01 0.240 0.391262
2014-09-02 0.254 0.416940
2014-08-01 0.258 0.428429
2014-07-01 0.254 0.427609
2014-06-02 0.240 0.394737
2014-05-01 0.244 0.409671
2014-04-01 0.270 0.458872
2014-03-03 0.302 0.511344
2014-02-03 0.278 0.478980
2013-12-27 0.484 0.861517
2013-12-02 0.268 0.466574
2013-11-01 0.288 0.500870
2013-10-01 0.272 0.470100
2013-09-03 0.304 0.544413
2013-08-01 0.296 0.495480
2013-07-01 0.306 0.511022
2013-06-03 0.278 0.424298
2013-05-01 0.256 0.386707
2013-04-01 0.294 0.447625
2013-03-01 0.254 0.382645
2013-02-01 0.282 0.424443
2012-12-27 0.290 0.440729
2012-12-03 0.248 0.371146
2012-11-01 0.272 0.413123
2012-10-01 0.278 0.423135
2012-09-04 0.276 0.421503
2012-08-01 0.264 0.402439
2012-07-02 0.270 0.420299
2012-06-01 0.278 0.434104
2012-05-01 0.270 0.426675
2012-04-02 0.312 0.497608
2012-03-01 0.262 0.423400
2012-02-01 0.264 0.427461
2011-12-28 0.260 0.435219
2011-12-01 0.268 0.456403
2011-11-01 0.280 0.471063
2011-10-03 0.288 0.481605
2011-09-01 0.298 0.507493
2011-08-01 0.286 0.490566
2011-07-01 0.280 0.482094
2011-06-01 0.300 0.519391
2011-05-02 0.286 0.503698
2011-04-01 0.290 0.512730
2011-03-01 0.360 0.635818
2011-02-01 0.296 0.528194
2010-12-29 0.730 1.282051
2010-12-01 0.306 0.519525
2010-11-01 0.280 0.451176
2010-10-01 0.292 0.474026
2010-09-01 0.292 0.471729
2010-08-02 0.280 0.453956
2010-07-01 0.264 0.428432
2010-06-01 0.298 0.484553
2010-05-03 0.324 0.528203
2010-04-01 0.294 0.479608
2010-03-01 0.282 0.456902
2010-02-01 0.310 0.506702
2009-12-29 0.322 0.530128
2009-12-01 0.278 0.459352
2009-11-02 0.310 0.508197
2009-10-01 0.308 0.491071
2009-09-01 0.320 0.559441
2009-08-03 0.320 0.577201
2009-07-01 0.310 0.560376
2009-06-01 0.324 0.573248
2009-05-01 0.320 0.605144
2009-04-01 0.308 0.587338
2009-03-02 0.350 0.668194
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 4.62

Info Dump

Attribute Value
All Time High 67.14
All Time Low 41.36
Ask 49.1
Ask Size 200
Average Daily Volume10 Day 2,805,860
Average Daily Volume3 Month 1,634,996
Average Volume 1,634,996
Average Volume10Days 2,805,860
Beta3 Year 1.01
Bid 48.0
Bid Size 1,300
Category High Yield Muni
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 48.935
Day Low 48.59
Dividend Yield 4.62
Eps Forward -0.02
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 49.1908
Fifty Day Average Change -0.37080002
Fifty Day Average Change Percent -0.0075379955
Fifty Two Week Change Percent -4.3495297
Fifty Two Week High 51.68
Fifty Two Week High Change -2.8600006
Fifty Two Week High Change Percent -0.05534057
Fifty Two Week Low 47.49
Fifty Two Week Low Change 1.329998
Fifty Two Week Low Change Percent 0.028005853
Fifty Two Week Range 47.49 - 51.68
First Trade Date Milliseconds 1,233,844,200,000
Five Year Average Return -0.0086671
Forward P E -2,441.0
Full Exchange Name Cboe US
Fullday Change 0.57500076
Fullday Change Percent 1.1914645
Fullday Price 48.82
Fund Family VanEck
Fund Inception Date 1,233,705,600
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund normally invests at least 80% of its total assets in securities that comprise the benchmark index. The index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated high yield long-term tax-exempt bond market.
Long Name VanEck High Yield Muni ETF
Market us_market
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_52806874
Nav Price 47.97
Net Assets 3,885,557,250.0
Net Expense Ratio 0.32
Open 48.51
Phone 888-658-8287
Previous Close 48.265
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.555
Regular Market Change Percent 1.1499
Regular Market Day High 48.935
Regular Market Day Low 48.59
Regular Market Day Range 48.59 - 48.935
Regular Market Open 48.51
Regular Market Previous Close 48.265
Regular Market Price 48.82
Regular Market Time 1,792,094,400
Regular Market Volume 1,729,672
Short Name VanEck High Yield Muni ETF
Source Interval 15
Symbol HYD
Three Year Average Return 0.0383308
Total Assets 3,885,557,248
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -5.93607
Trailing Three Month Returns -5.93607
Triggerable 1
Two Hundred Day Average 50.5493
Two Hundred Day Average Change -1.7293015
Two Hundred Day Average Change Percent -0.034210194
Type Disp ETF
Volume 1,729,672
Yield 0.0462
Ytd Return -2.70724