LTAX vs. MYMG
LTAX (Nomura Tax-Free USA ETF) and MYMG (State Street My2027 Municipal Bond ETF) are both Municipal Bonds funds. Both are actively managed. Their 0.56 correlation means they have sometimes moved together and sometimes differently. LTAX charges 0.39%/yr vs 0.20%/yr for MYMG.
Performance
LTAX vs. MYMG - Performance Comparison
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Returns By Period
LTAX
- 1D
- -0.20%
- 1M
- -2.13%
- 6M
- 0.83%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MYMG
- 1D
- -0.02%
- 1M
- -0.06%
- 6M
- 0.65%
- YTD
- 1.10%
- 1Y
- 2.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.80K | $7.39K | $9.58K | |
| $6.56K | $4.50K | $12.35K |
LTAX vs. MYMG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LTAX Nomura Tax-Free USA ETF | 0.77% |
MYMG State Street My2027 Municipal Bond ETF | 0.86% |
Correlation
The correlation between LTAX and MYMG is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026 | 0.56 |
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Return for Risk
LTAX vs. MYMG — Risk / Return Rank
LTAX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MYMG
LTAX vs. MYMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Tax-Free USA ETF (LTAX) 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.
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.
| LTAX | MYMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 8.61 | — |
| Martin ratioReturn relative to average drawdown | — | 24.76 | — |
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Drawdowns
LTAX vs. MYMG - Drawdown Comparison
The maximum LTAX drawdown since its inception was -3.18%, which is greater than MYMG's maximum drawdown of -2.31%. Use the drawdown chart below to compare losses from any high point for LTAX and MYMG.
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Drawdown Indicators
| LTAX | MYMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.18% | -2.31% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.36% | — |
Current DrawdownCurrent decline from peak | -2.22% | -0.32% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -0.31% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.12% | — |
Volatility
LTAX vs. MYMG - Volatility Comparison
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Volatility by Period
| LTAX | MYMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.29% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 0.85% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 1.97% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 1.97% | +3.62% |
LTAX vs. MYMG - Expense Ratio Comparison
LTAX has a 0.39% expense ratio, which is higher than MYMG's 0.20% expense ratio.
Dividends
LTAX vs. MYMG - Dividend Comparison
LTAX's dividend yield for the trailing twelve months is around 2.03%, less than MYMG's 2.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
LTAX Nomura Tax-Free USA ETF | 2.03% | 0.00% | 0.00% |
MYMG State Street My2027 Municipal Bond ETF | 2.61% | 3.03% | 0.89% |
Frequently Asked Questions
LTAX and MYMG have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MYMG is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MYMG is cheaper with a 0.20% expense ratio, compared with 0.39% for LTAX.
MYMG has the higher dividend yield at 2.61%, compared with 2.03% for LTAX.
They also come from different issuers: Nomura and State Street. Their fees differ too: 0.39% for LTAX and 0.20% for MYMG.
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