MYCG vs. SHAG
MYCG (State Street My2027 Corporate Bond ETF) and SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) are both exchange-traded funds - MYCG is a Corporate Bonds fund actively managed by State Street, while SHAG is a Short-Term Bond fund tracking the Bloomberg U.S. Short Aggregate Enhanced Yield Index. MYCG is actively managed, while SHAG is passively managed. Over the past year, MYCG returned 4.43% vs 3.42% for SHAG. A 0.76 correlation means they provide meaningful diversification when combined. MYCG charges 0.15%/yr vs 0.12%/yr for SHAG.
Performance
MYCG vs. SHAG - Performance Comparison
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Returns By Period
In the year-to-date period, MYCG achieves a 1.50% return, which is significantly higher than SHAG's 0.46% return.
MYCG
- 1D
- 0.04%
- 1M
- 0.36%
- YTD
- 1.50%
- 6M
- 1.72%
- 1Y
- 4.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHAG
- 1D
- 0.08%
- 1M
- 0.27%
- YTD
- 0.46%
- 6M
- 0.66%
- 1Y
- 3.42%
- 3Y*
- 4.76%
- 5Y*
- 1.64%
- 10Y*
- —
MYCG vs. SHAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MYCG State Street My2027 Corporate Bond ETF | 1.50% | 5.85% | -0.23% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.46% | 6.27% | -0.44% |
Correlation
The correlation between MYCG and SHAG 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 24, 2024 | 0.76 |
The correlation between MYCG and SHAG has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.
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Return for Risk
MYCG vs. SHAG — Risk / Return Rank
MYCG
SHAG
MYCG vs. SHAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street My2027 Corporate Bond ETF (MYCG) and WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG). 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.
| MYCG | SHAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +5.54 | ||
| Omega ratioGain probability vs. loss probability | 2.20 | 1.35 | +0.84 |
| Calmar ratioReturn relative to maximum drawdown | 9.97 | 2.49 | +7.48 |
| Martin ratioReturn relative to average drawdown | 47.91 | 8.41 | +39.50 |
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Drawdowns
MYCG vs. SHAG - Drawdown Comparison
The maximum MYCG drawdown since its inception was -0.86%, smaller than the maximum SHAG drawdown of -9.62%. Use the drawdown chart below to compare losses from any high point for MYCG and SHAG.
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Drawdown Indicators
| MYCG | SHAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.86% | -9.62% | +8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -1.38% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.62% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.56% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -0.14% | -1.86% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 0.41% | -0.32% |
Volatility
MYCG vs. SHAG - Volatility Comparison
The current volatility for State Street My2027 Corporate Bond ETF (MYCG) is 0.22%, while WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) has a volatility of 0.62%. This indicates that MYCG experiences smaller price fluctuations and is considered to be less risky than SHAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYCG | SHAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 0.62% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 0.53% | 1.40% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.98% | 1.86% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.48% | 2.76% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.48% | 2.58% | -1.10% |
MYCG vs. SHAG - Expense Ratio Comparison
MYCG has a 0.15% expense ratio, which is higher than SHAG's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MYCG vs. SHAG - Dividend Comparison
MYCG's dividend yield for the trailing twelve months is around 4.28%, which matches SHAG's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MYCG State Street My2027 Corporate Bond ETF | 4.28% | 4.28% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.28% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% |
Frequently Asked Questions
MYCG and SHAG 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.
SHAG has higher volatility (0.62%) compared to MYCG (0.22%). In terms of maximum drawdown, MYCG dropped -0.86% vs SHAG's -9.62%.
On 1-year performance, MYCG leads with 4.43% vs 3.42% for SHAG. On fees, SHAG is cheaper at 0.12% per year. On volatility, MYCG has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MYCG has performed better with a 4.43% return vs 3.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHAG is cheaper with a 0.12% expense ratio, compared with 0.15% for MYCG.
MYCG and SHAG have nearly identical dividend yields, around 4.28%.
MYCG is categorized as Corporate Bonds, while SHAG is Short-Term Bond. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.15% for MYCG and 0.12% for SHAG.
MYCG currently has the higher Sharpe Ratio (4.58 vs 1.85), 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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