HYGH vs. MYHA
HYGH (iShares Interest Rate Hedged High Yield Bond ETF) and MYHA (State Street My2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. HYGH is passively managed, while MYHA is actively managed. A 0.66 correlation means they provide meaningful diversification when combined. HYGH charges 0.52%/yr vs 0.39%/yr for MYHA.
Performance
HYGH vs. MYHA - Performance Comparison
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Returns By Period
HYGH
- 1D
- -0.07%
- 1M
- 0.29%
- 6M
- 3.00%
- YTD
- 3.54%
- 1Y
- 7.16%
- 3Y*
- 9.27%
- 5Y*
- 6.95%
- 10Y*
- 6.17%
MYHA
- 1D
- 0.07%
- 1M
- 0.28%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGH vs. MYHA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 2.89% |
MYHA State Street My2027 High Yield Corporate Bond ETF | 1.57% |
Correlation
The correlation between HYGH and MYHA is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026 | 0.66 |
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Return for Risk
HYGH vs. MYHA — Risk / Return Rank
HYGH
MYHA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYGH vs. MYHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) 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.
| HYGH | MYHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.44 | — | — |
| Martin ratioReturn relative to average drawdown | 17.37 | — | — |
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Drawdowns
HYGH vs. MYHA - Drawdown Comparison
The maximum HYGH drawdown since its inception was -23.88%, which is greater than MYHA's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for HYGH and MYHA.
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Drawdown Indicators
| HYGH | MYHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.88% | -0.69% | -23.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.06% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -8.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.88% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | 0.00% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -0.11% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | — | — |
Volatility
HYGH vs. MYHA - Volatility Comparison
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Volatility by Period
| HYGH | MYHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 1.83% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 1.83% | +5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.22% | 1.83% | +6.39% |
HYGH vs. MYHA - Expense Ratio Comparison
HYGH has a 0.52% expense ratio, which is higher than MYHA's 0.39% expense ratio.
Dividends
HYGH vs. MYHA - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 6.57%, more than MYHA's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.57% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
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
HYGH and MYHA have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.52% for HYGH.
HYGH has the higher dividend yield at 6.57%, compared with 2.06% for MYHA.
They also come from different issuers: iShares and State Street. Their fees differ too: 0.52% for HYGH and 0.39% for MYHA.
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