MYCI vs. HYGH

Last updated Jun 24, 2026

MYCI (State Street My2029 Corporate Bond ETF) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both exchange-traded funds - MYCI is a Corporate Bonds fund actively managed by State Street, while HYGH is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Interest Hedged Index. MYCI is actively managed, while HYGH is passively managed. Over the past year, MYCI returned 4.23% vs 7.74% for HYGH. At a 0.11 correlation, their price movements are largely independent. MYCI charges 0.15%/yr vs 0.52%/yr for HYGH.

Performance

MYCI vs. HYGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2029 Corporate Bond ETF (MYCI) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYCI achieves a 0.55% return, which is significantly lower than HYGH's 3.33% return.

MYCI

• 1D: 0.14%
• 1M: 0.33%
• YTD: 0.55%
• 6M: 0.87%
• 1Y: 4.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYGH

• 1D: -0.03%
• 1M: 0.56%
• YTD: 3.33%
• 6M: 3.56%
• 1Y: 7.74%
• 3Y*: 9.87%
• 5Y*: 6.91%
• 10Y*: 6.48%

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

MYCI vs. HYGH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYCI State Street My2029 Corporate Bond ETF	0.55%	7.59%	-1.58%
HYGH iShares Interest Rate Hedged High Yield Bond ETF	3.33%	6.94%	3.03%

Correlation

The correlation between MYCI and HYGH is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.11

Return for Risk

MYCI vs. HYGH — Risk / Return Rank

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

MYCI

MYCI Risk / Return Rank: 65
MYCI Sharpe Ratio Rank: 66
MYCI Sortino Ratio Rank: 72
MYCI Omega Ratio Rank: 69
MYCI Calmar Ratio Rank: 60
MYCI Martin Ratio Rank: 59

HYGH

HYGH Risk / Return Rank: 79
HYGH Sharpe Ratio Rank: 69
HYGH Sortino Ratio Rank: 77
HYGH Omega Ratio Rank: 72
HYGH Calmar Ratio Rank: 87
HYGH Martin Ratio Rank: 89

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.

MYCI vs. HYGH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2029 Corporate Bond ETF (MYCI) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.

	MYCI	HYGH	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.14	-0.19
Sortino ratio: Return per unit of downside risk	2.92	3.26	-0.34
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	2.71	4.80	-2.09
Martin ratio: Return relative to average drawdown	9.68	18.77	-9.08

MYCI vs. HYGH - Sharpe Ratio Comparison

The current MYCI Sharpe Ratio is 1.95, which is comparable to the HYGH Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of MYCI and HYGH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MYCI vs. HYGH - Drawdown Comparison

The maximum MYCI drawdown since its inception was -2.43%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for MYCI and HYGH.

Drawdown Indicators

	MYCI	HYGH	Difference
Max Drawdown Largest peak-to-trough decline	-2.43%	-23.88%	+21.45%
Max Drawdown (1Y) Largest decline over 1 year	-1.56%	-1.62%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.88%	—
Current Drawdown Current decline from peak	-0.46%	-0.08%	-0.38%
Average Drawdown Average peak-to-trough decline	-0.54%	-2.22%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.41%	+0.03%

Volatility

MYCI vs. HYGH - Volatility Comparison

State Street My2029 Corporate Bond ETF (MYCI) has a higher volatility of 0.69% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 0.63%. This indicates that MYCI's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MYCI	HYGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	0.63%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	1.59%	2.81%	-1.22%
Volatility (1Y) Calculated over the trailing 1-year period	2.18%	3.64%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.01%	7.08%	-4.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.01%	8.30%	-5.29%

MYCI vs. HYGH - Expense Ratio Comparison

MYCI has a 0.15% expense ratio, which is lower than HYGH's 0.52% expense ratio.

Dividends

MYCI vs. HYGH - Dividend Comparison

MYCI's dividend yield for the trailing twelve months is around 4.57%, less than HYGH's 6.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYGH iShares Interest Rate Hedged High Yield Bond ETF	6.60%	6.86%	7.85%	8.95%	6.21%	3.74%	4.06%	4.89%	6.45%	4.79%	4.60%	5.75%
MYCI State Street My2029 Corporate Bond ETF	4.57%	4.56%	1.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MYCI and HYGH in my portfolio?

MYCI and HYGH have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYCI or HYGH?

MYCI has higher volatility (0.69%) compared to HYGH (0.63%). In terms of maximum drawdown, MYCI dropped -2.43% vs HYGH's -23.88%.

Which ETF is better, MYCI or HYGH?

On 1-year performance, HYGH leads with 7.74% vs 4.23% for MYCI. On fees, MYCI is cheaper at 0.15% 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, MYCI or HYGH?

Over the 1-year period, HYGH has performed better with a 7.74% return vs 4.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYCI or HYGH?

MYCI is cheaper with a 0.15% expense ratio, compared with 0.52% for HYGH.

Which ETF pays a higher dividend yield, MYCI or HYGH?

HYGH has the higher dividend yield at 6.60%, compared with 4.57% for MYCI.

What is the main difference between MYCI and HYGH?

MYCI is categorized as Corporate Bonds, while HYGH is High Yield Bonds. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for MYCI and 0.52% for HYGH.

Which has better risk-adjusted returns?

HYGH currently has the higher Sharpe Ratio (2.14 vs 1.95), 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.