HYG vs. MYHA
HYG (iShares iBoxx $ High Yield Corporate Bond ETF) and MYHA (State Street My2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. HYG is passively managed, while MYHA is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. HYG charges 0.49%/yr vs 0.39%/yr for MYHA.
Performance
HYG vs. MYHA - Performance Comparison
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Returns By Period
HYG
- 1D
- -0.24%
- 1M
- -0.06%
- 6M
- 1.07%
- YTD
- 1.59%
- 1Y
- 5.35%
- 3Y*
- 8.13%
- 5Y*
- 3.62%
- 10Y*
- 4.65%
MYHA
- 1D
- -0.07%
- 1M
- 0.21%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYG vs. MYHA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 0.72% |
MYHA State Street My2027 High Yield Corporate Bond ETF | 1.50% |
Correlation
The correlation between HYG and MYHA is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026 | 0.92 |
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Return for Risk
HYG vs. MYHA — Risk / Return Rank
HYG
MYHA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYG vs. MYHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) 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.
| HYG | MYHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | — | — |
| Martin ratioReturn relative to average drawdown | 10.14 | — | — |
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Drawdowns
HYG vs. MYHA - Drawdown Comparison
The maximum HYG drawdown since its inception was -34.25%, which is greater than MYHA's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for HYG and MYHA.
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Drawdown Indicators
| HYG | MYHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -0.69% | -33.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.03% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.07% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -0.11% | -3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | — | — |
Volatility
HYG vs. MYHA - Volatility Comparison
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Volatility by Period
| HYG | MYHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 1.84% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 1.84% | +5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.22% | 1.84% | +6.38% |
HYG vs. MYHA - Expense Ratio Comparison
HYG has a 0.49% expense ratio, which is higher than MYHA's 0.39% expense ratio.
Dividends
HYG vs. MYHA - Dividend Comparison
HYG's dividend yield for the trailing twelve months is around 5.92%, more than MYHA's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.92% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
MYHA State Street My2027 High Yield Corporate Bond ETF | 2.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, HYG and MYHA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
MYHA is cheaper with a 0.39% expense ratio, compared with 0.49% for HYG.
HYG has the higher dividend yield at 5.92%, compared with 2.06% for MYHA.
They also come from different issuers: iShares and State Street. Their fees differ too: 0.49% for HYG and 0.39% for MYHA.
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