MYCF vs. NEAR
MYCF (State Street My2026 Corporate Bond ETF) and NEAR (iShares Short Duration Bond Active ETF) are both exchange-traded funds - MYCF is a Corporate Bonds fund actively managed by State Street, while NEAR is a Short-Term Bond fund actively managed by iShares. Both are actively managed. Over the past year, MYCF returned 4.41% vs 3.79% for NEAR. At a 0.41 correlation, their price movements are largely independent. MYCF charges 0.15%/yr vs 0.25%/yr for NEAR.
Performance
MYCF vs. NEAR - Performance Comparison
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Returns By Period
In the year-to-date period, MYCF achieves a 1.82% return, which is significantly higher than NEAR's 0.63% return.
MYCF
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.82%
- 6M
- 1.98%
- 1Y
- 4.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEAR
- 1D
- -0.10%
- 1M
- 0.11%
- YTD
- 0.63%
- 6M
- 0.83%
- 1Y
- 3.79%
- 3Y*
- 5.48%
- 5Y*
- 3.84%
- 10Y*
- 2.84%
MYCF vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MYCF State Street My2026 Corporate Bond ETF | 1.82% | 5.12% | 0.72% |
NEAR iShares Short Duration Bond Active ETF | 0.63% | 5.90% | 0.22% |
Correlation
The correlation between MYCF and NEAR is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024 | 0.41 |
The correlation between MYCF and NEAR shifts across timeframes, from 0.30 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MYCF vs. NEAR — Risk / Return Rank
MYCF
NEAR
MYCF vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street My2026 Corporate Bond ETF (MYCF) and iShares Short Duration Bond Active ETF (NEAR). 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.
| MYCF | NEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.25 | ||
| Sortino ratioReturn per unit of downside risk | +8.84 | ||
| Omega ratioGain probability vs. loss probability | 3.26 | 1.56 | +1.70 |
| Calmar ratioReturn relative to maximum drawdown | 36.96 | 3.36 | +33.60 |
| Martin ratioReturn relative to average drawdown | 160.36 | 15.26 | +145.10 |
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Drawdowns
MYCF vs. NEAR - Drawdown Comparison
The maximum MYCF drawdown since its inception was -0.60%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for MYCF and NEAR.
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Drawdown Indicators
| MYCF | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.60% | -9.61% | +9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -1.13% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.61% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.24% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.16% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.25% | -0.22% |
Volatility
MYCF vs. NEAR - Volatility Comparison
The current volatility for State Street My2026 Corporate Bond ETF (MYCF) is 0.14%, while iShares Short Duration Bond Active ETF (NEAR) has a volatility of 0.48%. This indicates that MYCF experiences smaller price fluctuations and is considered to be less risky than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYCF | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 0.48% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 0.40% | 1.06% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.63% | 1.39% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.07% | 1.35% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.07% | 2.50% | -1.43% |
MYCF vs. NEAR - Expense Ratio Comparison
MYCF has a 0.15% expense ratio, which is lower than NEAR's 0.25% 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
MYCF vs. NEAR - Dividend Comparison
MYCF's dividend yield for the trailing twelve months is around 4.40%, which matches NEAR's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYCF State Street My2026 Corporate Bond ETF | 4.40% | 4.50% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Duration Bond Active ETF | 4.44% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
Frequently Asked Questions
MYCF and NEAR have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAR has higher volatility (0.48%) compared to MYCF (0.14%). In terms of maximum drawdown, MYCF dropped -0.60% vs NEAR's -9.61%.
On 1-year performance, MYCF leads with 4.41% vs 3.79% for NEAR. On fees, MYCF is cheaper at 0.15% per year. On volatility, MYCF has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MYCF has performed better with a 4.41% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MYCF is cheaper with a 0.15% expense ratio, compared with 0.25% for NEAR.
NEAR has the higher dividend yield at 4.44%, compared with 4.40% for MYCF.
MYCF is categorized as Corporate Bonds, while NEAR is Short-Term Bond. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for MYCF and 0.25% for NEAR.
MYCF currently has the higher Sharpe Ratio (7.00 vs 2.75), 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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