MILK vs. MYCM

Last updated Jun 4, 2026

MILK (Pacer US Cash Cows Bond ETF) and MYCM (State Street My2033 Corporate Bond ETF) are both Corporate Bonds funds. MILK is passively managed, while MYCM is actively managed. Over the past year, MILK returned 9.23% vs 6.52% for MYCM. Their correlation of 0.93 suggests significant overlap in exposure. MILK charges 0.49%/yr vs 0.15%/yr for MYCM.

Performance

MILK vs. MYCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer US Cash Cows Bond ETF (MILK) and State Street My2033 Corporate Bond ETF (MYCM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MILK achieves a 2.18% return, which is significantly higher than MYCM's 0.42% return.

MILK

• 1D: -0.24%
• 1M: 1.10%
• YTD: 2.18%
• 6M: 1.55%
• 1Y: 9.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MYCM

• 1D: -0.19%
• 1M: 0.25%
• YTD: 0.42%
• 6M: 0.38%
• 1Y: 6.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MILK vs. MYCM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MILK Pacer US Cash Cows Bond ETF	2.18%	7.49%	-0.35%
MYCM State Street My2033 Corporate Bond ETF	0.42%	9.21%	-0.09%

Correlation

The correlation between MILK and MYCM is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.93

The correlation between MILK and MYCM has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

MILK vs. MYCM — Risk / Return Rank

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

MILK

MILK Risk / Return Rank: 52
MILK Sharpe Ratio Rank: 53
MILK Sortino Ratio Rank: 55
MILK Omega Ratio Rank: 51
MILK Calmar Ratio Rank: 50
MILK Martin Ratio Rank: 53

MYCM

MYCM Risk / Return Rank: 49
MYCM Sharpe Ratio Rank: 49
MYCM Sortino Ratio Rank: 52
MYCM Omega Ratio Rank: 48
MYCM Calmar Ratio Rank: 50
MYCM Martin Ratio Rank: 49

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.

MILK vs. MYCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Cash Cows Bond ETF (MILK) and State Street My2033 Corporate Bond ETF (MYCM). 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.

	MILK	MYCM	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.65	+0.13
Sortino ratio: Return per unit of downside risk	2.59	2.47	+0.12
Omega ratio: Gain probability vs. loss probability	1.32	1.30	+0.02
Calmar ratio: Return relative to maximum drawdown	2.47	2.39	+0.08
Martin ratio: Return relative to average drawdown	8.90	7.98	+0.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MILK vs. MYCM - Sharpe Ratio Comparison

The current MILK Sharpe Ratio is 1.78, which is comparable to the MYCM Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of MILK and MYCM, 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

	MILK	MYCM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	1.65	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.72	+0.25

Drawdowns

MILK vs. MYCM - Drawdown Comparison

The maximum MILK drawdown since its inception was -6.16%, which is greater than MYCM's maximum drawdown of -4.58%. Use the drawdown chart below to compare losses from any high point for MILK and MYCM.

Drawdown Indicators

	MILK	MYCM	Difference
Max Drawdown Largest peak-to-trough decline	-6.16%	-4.58%	-1.58%
Max Drawdown (1Y) Largest decline over 1 year	-3.75%	-2.74%	-1.01%
Current Drawdown Current decline from peak	-0.24%	-1.18%	+0.94%
Average Drawdown Average peak-to-trough decline	-1.09%	-1.08%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	0.82%	+0.22%

Volatility

MILK vs. MYCM - Volatility Comparison

Pacer US Cash Cows Bond ETF (MILK) has a higher volatility of 1.58% compared to State Street My2033 Corporate Bond ETF (MYCM) at 1.25%. This indicates that MILK's price experiences larger fluctuations and is considered to be riskier than MYCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MILK	MYCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.58%	1.25%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	3.78%	2.89%	+0.89%
Volatility (1Y) Calculated over the trailing 1-year period	5.21%	3.97%	+1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.69%	5.12%	+1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.69%	5.12%	+1.57%

MILK vs. MYCM - Expense Ratio Comparison

MILK has a 0.49% expense ratio, which is higher than MYCM's 0.15% expense ratio.

Dividends

MILK vs. MYCM - Dividend Comparison

MILK's dividend yield for the trailing twelve months is around 7.04%, more than MYCM's 4.74% yield.

Position	TTM	2025	2024
MILK Pacer US Cash Cows Bond ETF	7.04%	6.97%	0.00%
MYCM State Street My2033 Corporate Bond ETF	4.74%	4.70%	1.30%

Frequently Asked Questions

Can I hold both MILK and MYCM in my portfolio?

With a correlation of 0.94, MILK and MYCM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MILK or MYCM?

MILK has higher volatility (1.58%) compared to MYCM (1.25%). In terms of maximum drawdown, MILK dropped -6.16% vs MYCM's -4.58%.

Which ETF is better, MILK or MYCM?

On 1-year performance, MILK leads with 9.23% vs 6.52% for MYCM. On fees, MYCM is cheaper at 0.15% per year. On volatility, MYCM has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MILK or MYCM?

Over the 1-year period, MILK has performed better with a 9.23% return vs 6.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MILK or MYCM?

MYCM is cheaper with a 0.15% expense ratio, compared with 0.49% for MILK.

Which ETF pays a higher dividend yield, MILK or MYCM?

MILK has the higher dividend yield at 7.04%, compared with 4.74% for MYCM.

What is the main difference between MILK and MYCM?

They also come from different issuers: Pacer and State Street. Their fees differ too: 0.49% for MILK and 0.15% for MYCM.

Which has better risk-adjusted returns?

MILK currently has the higher Sharpe Ratio (1.78 vs 1.65), 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.