HYBX vs. MYHA

Last updated Jul 17, 2026

HYBX (TCW High Yield Bond ETF) and MYHA (State Street My2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. HYBX charges 0.50%/yr vs 0.39%/yr for MYHA.

Performance

HYBX vs. MYHA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW High Yield Bond ETF (HYBX) and State Street My2027 High Yield Corporate Bond ETF (MYHA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYBX

• 1D: -0.10%
• 1M: -0.10%
• 6M: 1.75%
• YTD: 3.03%
• 1Y: 4.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MYHA

• 1D: 0.00%
• 1M: 0.26%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYBX vs. MYHA - Yearly Performance Comparison

	2026 (YTD)
HYBX TCW High Yield Bond ETF	1.68%
MYHA State Street My2027 High Yield Corporate Bond ETF	1.59%

Correlation

The correlation between HYBX and MYHA is 0.42, 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 26, 2026	0.42

Return for Risk

HYBX vs. MYHA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYBX

HYBX Risk / Return Rank: 38
HYBX Sharpe Ratio Rank: 25
HYBX Sortino Ratio Rank: 26
HYBX Omega Ratio Rank: 25
HYBX Calmar Ratio Rank: 57
HYBX Martin Ratio Rank: 54

MYHA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYBX vs. MYHA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW High Yield Bond ETF (HYBX) and State Street My2027 High Yield Corporate Bond ETF (MYHA). 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.

	HYBX	MYHA	Difference
Sharpe ratio: Return per unit of total volatility	0.75	—	—
Sortino ratio: Return per unit of downside risk	1.20	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	2.33	—	—
Martin ratio: Return relative to average drawdown	7.43	—	—

Drawdowns

HYBX vs. MYHA - Drawdown Comparison

The maximum HYBX drawdown since its inception was -3.93%, which is greater than MYHA's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for HYBX and MYHA.

Drawdown Indicators

	HYBX	MYHA	Difference
Max Drawdown Largest peak-to-trough decline	-3.93%	-0.69%	-3.24%
Max Drawdown (1Y) Largest decline over 1 year	-2.15%	—	—
Current Drawdown Current decline from peak	-0.24%	0.00%	-0.24%
Average Drawdown Average peak-to-trough decline	-0.55%	-0.11%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	—	—

Volatility

Volatility by Period

	HYBX	MYHA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.65%	1.81%	+4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.51%	1.81%	+5.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.51%	1.81%	+5.70%

HYBX vs. MYHA - Expense Ratio Comparison

HYBX has a 0.50% expense ratio, which is higher than MYHA's 0.39% expense ratio.

Dividends

HYBX vs. MYHA - Dividend Comparison

HYBX's dividend yield for the trailing twelve months is around 7.82%, more than MYHA's 2.06% yield.

Position	TTM	2025	2024
HYBX TCW High Yield Bond ETF	7.82%	7.82%	1.08%
MYHA State Street My2027 High Yield Corporate Bond ETF	2.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYBX and MYHA in my portfolio?

HYBX and MYHA have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYBX or MYHA?

On fees, MYHA is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYBX or MYHA?

MYHA is cheaper with a 0.39% expense ratio, compared with 0.50% for HYBX.

Which ETF pays a higher dividend yield, HYBX or MYHA?

HYBX has the higher dividend yield at 7.82%, compared with 2.06% for MYHA.

What is the main difference between HYBX and MYHA?

They also come from different issuers: TCW and State Street. Their fees differ too: 0.50% for HYBX and 0.39% for MYHA.