HBRD vs. MYCF
HBRD (Invesco U.S. Hybrid Bond ETF) and MYCF (State Street My2026 Corporate Bond ETF) are both Corporate Bonds funds. HBRD is passively managed, while MYCF is actively managed. At a 0.47 correlation, their price movements are largely independent. HBRD charges 0.40%/yr vs 0.15%/yr for MYCF.
Performance
HBRD vs. MYCF - Performance Comparison
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Returns By Period
HBRD
- 1D
- -0.12%
- 1M
- 0.65%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MYCF
- 1D
- -0.02%
- 1M
- 0.29%
- 6M
- 1.95%
- YTD
- 1.98%
- 1Y
- 4.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBRD vs. MYCF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HBRD Invesco U.S. Hybrid Bond ETF | 0.31% |
MYCF State Street My2026 Corporate Bond ETF | 1.40% |
Correlation
The correlation between HBRD and MYCF is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 25, 2026 | 0.47 |
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Return for Risk
HBRD vs. MYCF — Risk / Return Rank
HBRD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MYCF
HBRD vs. MYCF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco U.S. Hybrid Bond ETF (HBRD) and State Street My2026 Corporate Bond ETF (MYCF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HBRD | MYCF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 3.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 36.08 | — |
| Martin ratioReturn relative to average drawdown | — | 159.92 | — |
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Drawdowns
HBRD vs. MYCF - Drawdown Comparison
The maximum HBRD drawdown since its inception was -2.94%, which is greater than MYCF's maximum drawdown of -0.60%. Use the drawdown chart below to compare losses from any high point for HBRD and MYCF.
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Drawdown Indicators
| HBRD | MYCF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.94% | -0.60% | -2.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.12% | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.02% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -0.03% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.03% | — |
Volatility
HBRD vs. MYCF - Volatility Comparison
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Volatility by Period
| HBRD | MYCF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 0.63% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.39% | 1.06% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.39% | 1.06% | +2.33% |
HBRD vs. MYCF - Expense Ratio Comparison
HBRD has a 0.40% expense ratio, which is higher than MYCF's 0.15% expense ratio.
Dividends
HBRD vs. MYCF - Dividend Comparison
HBRD's dividend yield for the trailing twelve months is around 1.98%, less than MYCF's 4.38% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HBRD Invesco U.S. Hybrid Bond ETF | 1.98% | 0.00% | 0.00% |
MYCF State Street My2026 Corporate Bond ETF | 4.38% | 4.50% | 1.21% |
Frequently Asked Questions
HBRD and MYCF have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MYCF is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MYCF is cheaper with a 0.15% expense ratio, compared with 0.40% for HBRD.
MYCF has the higher dividend yield at 4.38%, compared with 1.98% for HBRD.
They also come from different issuers: Invesco and State Street. Their fees differ too: 0.40% for HBRD and 0.15% for MYCF.
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