IBGA vs. MYCI
IBGA (iShares iBonds Dec 2044 Term Treasury ETF) and MYCI (State Street My2029 Corporate Bond ETF) are both exchange-traded funds - IBGA is a Intermediate Core Bond fund tracking the ICE 2044 Maturity US Treasury Index, while MYCI is a Corporate Bonds fund actively managed by State Street. IBGA is passively managed, while MYCI is actively managed. Over the past year, IBGA returned 5.33% vs 4.75% for MYCI. A 0.80 correlation means they provide meaningful diversification when combined. IBGA charges 0.07%/yr vs 0.15%/yr for MYCI.
Performance
IBGA vs. MYCI - Performance Comparison
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Returns By Period
In the year-to-date period, IBGA achieves a -0.37% return, which is significantly lower than MYCI's 0.45% return.
IBGA
- 1D
- -0.41%
- 1M
- 0.62%
- YTD
- -0.37%
- 6M
- -1.42%
- 1Y
- 5.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MYCI
- 1D
- -0.04%
- 1M
- 0.17%
- YTD
- 0.45%
- 6M
- 0.87%
- 1Y
- 4.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBGA vs. MYCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | -0.37% | 6.09% | -8.23% |
MYCI State Street My2029 Corporate Bond ETF | 0.45% | 7.59% | -1.56% |
Correlation
The correlation between IBGA and MYCI is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.80 |
The correlation between IBGA and MYCI has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
IBGA vs. MYCI — Risk / Return Rank
IBGA
MYCI
IBGA vs. MYCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2044 Term Treasury ETF (IBGA) and State Street My2029 Corporate Bond ETF (MYCI). 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.
| IBGA | MYCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.42 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 3.05 | -2.24 |
| Martin ratioReturn relative to average drawdown | 2.23 | 11.23 | -9.00 |
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
| IBGA | MYCI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 2.15 | -1.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.24 | -1.03 |
Drawdowns
IBGA vs. MYCI - Drawdown Comparison
The maximum IBGA drawdown since its inception was -11.69%, which is greater than MYCI's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for IBGA and MYCI.
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Drawdown Indicators
| IBGA | MYCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -2.41% | -9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -1.56% | -5.04% |
Current DrawdownCurrent decline from peak | -4.67% | -0.56% | -4.11% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -0.54% | -4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 0.42% | +1.98% |
Volatility
IBGA vs. MYCI - Volatility Comparison
iShares iBonds Dec 2044 Term Treasury ETF (IBGA) has a higher volatility of 2.59% compared to State Street My2029 Corporate Bond ETF (MYCI) at 0.59%. This indicates that IBGA's price experiences larger fluctuations and is considered to be riskier than MYCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGA | MYCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 0.59% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 1.50% | +4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.21% | 2.22% | +5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.86% | 3.02% | +6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.86% | 3.02% | +6.84% |
IBGA vs. MYCI - Expense Ratio Comparison
IBGA has a 0.07% expense ratio, which is lower than MYCI's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBGA vs. MYCI - Dividend Comparison
IBGA's dividend yield for the trailing twelve months is around 4.66%, more than MYCI's 4.57% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | 4.66% | 4.49% | 2.03% |
MYCI State Street My2029 Corporate Bond ETF | 4.57% | 4.56% | 1.19% |
Frequently Asked Questions
IBGA and MYCI have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBGA has higher volatility (2.59%) compared to MYCI (0.59%). In terms of maximum drawdown, IBGA dropped -11.69% vs MYCI's -2.41%.
On 1-year performance, IBGA leads with 5.33% vs 4.75% for MYCI. On fees, IBGA is cheaper at 0.07% per year. On volatility, MYCI has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBGA has performed better with a 5.33% return vs 4.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGA is cheaper with a 0.07% expense ratio, compared with 0.15% for MYCI.
IBGA has the higher dividend yield at 4.66%, compared with 4.57% for MYCI.
IBGA is categorized as Intermediate Core Bond, while MYCI is Corporate Bonds. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IBGA and 0.15% for MYCI.
MYCI currently has the higher Sharpe Ratio (2.15 vs 0.65), 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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