IBMP vs. MYMG

Last updated Jun 4, 2026

IBMP (iShares iBonds Dec 2027 Term Muni Bond ETF) and MYMG (State Street My2027 Municipal Bond ETF) are both Municipal Bonds funds. IBMP is passively managed, while MYMG is actively managed. Over the past year, IBMP returned 3.04% vs 3.89% for MYMG. At a 0.47 correlation, their price movements are largely independent. IBMP charges 0.18%/yr vs 0.20%/yr for MYMG.

Performance

IBMP vs. MYMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) and State Street My2027 Municipal Bond ETF (MYMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBMP achieves a 0.89% return, which is significantly lower than MYMG's 1.20% return.

IBMP

• 1D: 0.00%
• 1M: 0.21%
• YTD: 0.89%
• 6M: 1.26%
• 1Y: 3.04%
• 3Y*: 2.97%
• 5Y*: 0.59%
• 10Y*: —

MYMG

• 1D: 0.02%
• 1M: 0.37%
• YTD: 1.20%
• 6M: 1.48%
• 1Y: 3.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBMP vs. MYMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF	0.89%	3.52%	-0.47%
MYMG State Street My2027 Municipal Bond ETF	1.20%	2.64%	-0.18%

Correlation

The correlation between IBMP and MYMG is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.47

Over the past year, the correlation between IBMP and MYMG has dropped to 0.27 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

IBMP vs. MYMG — Risk / Return Rank

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

IBMP

IBMP Risk / Return Rank: 86
IBMP Sharpe Ratio Rank: 86
IBMP Sortino Ratio Rank: 91
IBMP Omega Ratio Rank: 91
IBMP Calmar Ratio Rank: 88
IBMP Martin Ratio Rank: 75

MYMG

MYMG Risk / Return Rank: 97
MYMG Sharpe Ratio Rank: 97
MYMG Sortino Ratio Rank: 98
MYMG Omega Ratio Rank: 98
MYMG Calmar Ratio Rank: 97
MYMG Martin Ratio Rank: 96

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.

IBMP vs. MYMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) 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.

	IBMP	MYMG	Difference
Sharpe ratio: Return per unit of total volatility	2.83	4.80	-1.97
Sortino ratio: Return per unit of downside risk	4.38	8.05	-3.66
Omega ratio: Gain probability vs. loss probability	1.60	2.38	-0.77
Calmar ratio: Return relative to maximum drawdown	5.14	10.94	-5.80
Martin ratio: Return relative to average drawdown	14.24	36.03	-21.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBMP vs. MYMG - Sharpe Ratio Comparison

The current IBMP Sharpe Ratio is 2.83, which is lower than the MYMG Sharpe Ratio of 4.80. The chart below compares the historical Sharpe Ratios of IBMP and MYMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBMP	MYMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.83	4.80	-1.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	1.07	-0.69

Drawdowns

IBMP vs. MYMG - Drawdown Comparison

The maximum IBMP drawdown since its inception was -15.24%, which is greater than MYMG's maximum drawdown of -2.31%. Use the drawdown chart below to compare losses from any high point for IBMP and MYMG.

Drawdown Indicators

	IBMP	MYMG	Difference
Max Drawdown Largest peak-to-trough decline	-15.24%	-2.31%	-12.93%
Max Drawdown (1Y) Largest decline over 1 year	-0.59%	-0.36%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-2.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-10.00%	—	—
Current Drawdown Current decline from peak	-0.01%	0.00%	-0.01%
Average Drawdown Average peak-to-trough decline	-2.72%	-0.33%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	0.11%	+0.10%

Volatility

IBMP vs. MYMG - Volatility Comparison

iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) has a higher volatility of 0.27% compared to State Street My2027 Municipal Bond ETF (MYMG) at 0.18%. This indicates that IBMP'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.

Volatility by Period

	IBMP	MYMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.27%	0.18%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	0.79%	0.56%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	1.08%	0.81%	+0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.56%	2.03%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	2.03%	+2.98%

IBMP vs. MYMG - Expense Ratio Comparison

IBMP has a 0.18% expense ratio, which is lower than MYMG's 0.20% 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

IBMP vs. MYMG - Dividend Comparison

IBMP's dividend yield for the trailing twelve months is around 2.50%, less than MYMG's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF	2.50%	2.47%	2.35%	2.05%	1.26%	0.86%	1.16%	1.06%
MYMG State Street My2027 Municipal Bond ETF	2.88%	3.03%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBMP and MYMG in my portfolio?

IBMP and MYMG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBMP or MYMG?

IBMP has higher volatility (0.27%) compared to MYMG (0.18%). In terms of maximum drawdown, IBMP dropped -15.24% vs MYMG's -2.31%.

Which ETF is better, IBMP or MYMG?

On 1-year performance, MYMG leads with 3.89% vs 3.04% for IBMP. On fees, IBMP is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBMP or MYMG?

Over the 1-year period, MYMG has performed better with a 3.89% return vs 3.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBMP or MYMG?

IBMP is cheaper with a 0.18% expense ratio, compared with 0.20% for MYMG.

Which ETF pays a higher dividend yield, IBMP or MYMG?

MYMG has the higher dividend yield at 2.88%, compared with 2.50% for IBMP.

What is the main difference between IBMP and MYMG?

They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for IBMP and 0.20% for MYMG.

Which has better risk-adjusted returns?

MYMG currently has the higher Sharpe Ratio (4.80 vs 2.83), 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.