HYGW vs. MYHA

Last updated Jul 17, 2026

HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) and MYHA (State Street My2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. HYGW is passively managed, while MYHA is actively managed. A 0.74 correlation means they provide meaningful diversification when combined. HYGW charges 0.69%/yr vs 0.39%/yr for MYHA.

Performance

HYGW vs. MYHA - Performance Comparison

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

Returns By Period

HYGW

• 1D: -0.07%
• 1M: 0.46%
• 6M: 2.23%
• YTD: 2.50%
• 1Y: 6.29%
• 3Y*: 5.41%
• 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)

HYGW vs. MYHA - Yearly Performance Comparison

	2026 (YTD)
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF	1.45%
MYHA State Street My2027 High Yield Corporate Bond ETF	1.59%

Correlation

The correlation between HYGW and MYHA is 0.74, 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	0.74

Return for Risk

HYGW vs. MYHA — Risk / Return Rank

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

HYGW

HYGW Risk / Return Rank: 87
HYGW Sharpe Ratio Rank: 85
HYGW Sortino Ratio Rank: 87
HYGW Omega Ratio Rank: 90
HYGW Calmar Ratio Rank: 82
HYGW Martin Ratio Rank: 90

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.

HYGW vs. MYHA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) 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.

	HYGW	MYHA	Difference
Sharpe ratio: Return per unit of total volatility	2.19	—	—
Sortino ratio: Return per unit of downside risk	3.19	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	3.48	—	—
Martin ratio: Return relative to average drawdown	15.81	—	—

Drawdowns

HYGW vs. MYHA - Drawdown Comparison

The maximum HYGW drawdown since its inception was -5.49%, which is greater than MYHA's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for HYGW and MYHA.

Drawdown Indicators

	HYGW	MYHA	Difference
Max Drawdown Largest peak-to-trough decline	-5.49%	-0.69%	-4.80%
Max Drawdown (1Y) Largest decline over 1 year	-1.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.66%	—	—
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-0.60%	-0.11%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	—	—

Volatility

Volatility by Period

	HYGW	MYHA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.89%	1.81%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.63%	1.81%	+2.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.63%	1.81%	+2.82%

HYGW vs. MYHA - Expense Ratio Comparison

HYGW has a 0.69% expense ratio, which is higher than MYHA's 0.39% expense ratio.

Dividends

HYGW vs. MYHA - Dividend Comparison

HYGW's dividend yield for the trailing twelve months is around 10.69%, more than MYHA's 2.06% yield.

Position	TTM	2025	2024	2023	2022
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF	10.69%	12.53%	12.30%	15.98%	8.71%
MYHA State Street My2027 High Yield Corporate Bond ETF	2.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYGW and MYHA in my portfolio?

HYGW and MYHA have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYGW 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, HYGW or MYHA?

MYHA is cheaper with a 0.39% expense ratio, compared with 0.69% for HYGW.

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

HYGW has the higher dividend yield at 10.69%, compared with 2.06% for MYHA.

What is the main difference between HYGW and MYHA?

They also come from different issuers: iShares and State Street. Their fees differ too: 0.69% for HYGW and 0.39% for MYHA.