ATLASVanEck Short High Yield Muni ETF (SHYD): outlook, holdings and fees
VanEck Short High Yield Muni ETF (SHYD) is an exchange-traded fund and is managed by VanEck. The expense ratio is 0.36% and the yield is 3.73%. The ten largest holdings are 8% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on SHYD
| Last price | $22.62 (+0.4%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 67% |
| Likely 1-month range (50%) | $22.54 – $22.96 |
| Normal 1-day range (±1σ) | ±0.3% |
| Distribution yield | 3.73% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
SHYD fund facts
| Issuer | VanEck |
|---|---|
| Theme | Inverse (short) |
| Assets under management | $479M |
| Expense ratio | 0.36% |
| Number of holdings | 10 |
| Portfolio turnover | 16% |
| Inception | Jan 13, 2014 |
| Exchange | CBOE |
The fund normally invests at least 80% of its total assets in securities that comprise the benchmark index. The index is composed of publicly traded municipal bonds that cover the U.S. dollar denominated high yield short-term tax-exempt bond market.
SHYD top holdings
| Holding | Sector | Weight |
|---|---|---|
| FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% | – | 1.42% |
| ILLINOIS FIN AUTH REV 4.75% | – | 0.78% |
| PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% | – | 0.83% |
| FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.38% | – | 0.78% |
| CHICAGO ILL BRD ED 5% | – | 0.78% |
| CALIFORNIA MUN FIN AUTH SPL FAC REV 4% | – | 0.76% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0.01% | – | 0.68% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 4% | – | 0.69% |
| CENTRAL TEX REGL MOBILITY AUTH REV 5% | – | 0.67% |
| WASHINGTON ST CONVENTION CTR PUB FACS DIST 4% | – | 0.68% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
SHYD returns and risk
| Year to date | -1.0% |
|---|---|
| 1 year | +0.4% |
| 3 years (annualised) | +4.1% |
| 5 years (annualised) | +0.7% |
| 10 years (annualised) | +1.8% |
| Volatility (3 years) | 3.7% |
| Sharpe ratio (3 years) | -0.23 |
Past returns do not guarantee future results.
SHYD: frequently asked questions
What does SHYD invest in?
VanEck Short High Yield Muni ETF invests in a portfolio of securities. Its largest holdings are FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% (1.4%), ILLINOIS FIN AUTH REV 4.75% (0.8%), PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% (0.8%), FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.38% (0.8%), CHICAGO ILL BRD ED 5% (0.8%).
What is the SHYD expense ratio?
0.36% a year: about $36.00 for every $10,000 invested.
What is the SHYD dividend yield?
3.73%. ATLAS does not hold the exact distribution dates for ETFs.
Will SHYD go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 67%, with a likely range (50%) of $22.54 to $22.96 from $22.62 today. It is a probability, not a prediction.
How has SHYD performed?
Year to date -1.0%, one year +0.4%, three years +4.1% a year, five years +0.7% a year. Past returns do not guarantee future results.
Similar ETFs: Inverse (short)
- First Trust Long/Short Equity ETF (FTLS)
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- ProShares UltraPro Short QQQ (SQQQ)
- FlexShares Ultra-Short Income Fund (RAVI)
- Convergence Long/Short Equity ETF (CLSE)
- ProShares Short S&P 500 (SH)
- BNY Mellon Ultra Short Income ETF (BKUI)
- VanEck Short Muni ETF (SMB)
Educational information, not investment advice. Disclaimer