HYMB vs. MYMG
HYMB (SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF) and MYMG (State Street My2027 Municipal Bond ETF) are both Municipal Bonds funds from State Street. HYMB is passively managed, while MYMG is actively managed. Over the past year, HYMB returned 7.43% vs 3.89% for MYMG. A 0.69 correlation means they provide meaningful diversification when combined. HYMB charges 0.35%/yr vs 0.20%/yr for MYMG.
Performance
HYMB vs. MYMG - Performance Comparison
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Returns By Period
In the year-to-date period, HYMB achieves a 2.87% return, which is significantly higher than MYMG's 1.20% return.
HYMB
- 1D
- -0.04%
- 1M
- 1.19%
- YTD
- 2.87%
- 6M
- 3.18%
- 1Y
- 7.43%
- 3Y*
- 5.09%
- 5Y*
- 0.42%
- 10Y*
- 2.46%
MYMG
- 1D
- 0.02%
- 1M
- 0.37%
- YTD
- 1.20%
- 6M
- 1.48%
- 1Y
- 3.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYMB vs. MYMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 2.87% | 2.04% | -0.52% |
MYMG State Street My2027 Municipal Bond ETF | 1.20% | 2.64% | -0.18% |
Correlation
The correlation between HYMB and MYMG is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.69 |
The correlation between HYMB and MYMG has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
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Return for Risk
HYMB vs. MYMG — Risk / Return Rank
HYMB
MYMG
HYMB vs. MYMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and State Street My2027 Municipal Bond ETF (MYMG). 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.
| HYMB | MYMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -5.41 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 2.38 | -1.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 10.94 | -8.54 |
| Martin ratioReturn relative to average drawdown | 8.51 | 36.03 | -27.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYMB | MYMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 4.80 | -2.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.07 | -0.62 |
Drawdowns
HYMB vs. MYMG - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, which is greater than MYMG's maximum drawdown of -2.31%. Use the drawdown chart below to compare losses from any high point for HYMB and MYMG.
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Drawdown Indicators
| HYMB | MYMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.57% | -2.31% | -27.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -0.36% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -7.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -0.33% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.11% | +0.77% |
Volatility
HYMB vs. MYMG - Volatility Comparison
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a higher volatility of 1.35% compared to State Street My2027 Municipal Bond ETF (MYMG) at 0.18%. This indicates that HYMB's price experiences larger fluctuations and is considered to be riskier than MYMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYMB | MYMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.18% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 0.56% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 0.81% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 2.03% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.36% | 2.03% | +9.33% |
HYMB vs. MYMG - Expense Ratio Comparison
HYMB has a 0.35% expense ratio, which is higher than MYMG's 0.20% expense ratio.
Dividends
HYMB vs. MYMG - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.54%, more than MYMG's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.54% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
MYMG State Street My2027 Municipal Bond ETF | 2.88% | 3.03% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYMB and MYMG have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYMB has higher volatility (1.35%) compared to MYMG (0.18%). In terms of maximum drawdown, HYMB dropped -29.57% vs MYMG's -2.31%.
On 1-year performance, HYMB leads with 7.43% vs 3.89% for MYMG. On fees, MYMG is cheaper at 0.20% per year. On volatility, MYMG has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYMB has performed better with a 7.43% return vs 3.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MYMG is cheaper with a 0.20% expense ratio, compared with 0.35% for HYMB.
HYMB has the higher dividend yield at 4.54%, compared with 2.88% for MYMG.
Their fees differ too: 0.35% for HYMB and 0.20% for MYMG.
MYMG currently has the higher Sharpe Ratio (4.80 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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