MYCK vs. LQDW

Last updated Aug 2, 2026

MYCK (State Street My2031 Corporate Bond ETF) and LQDW (iShares Investment Grade Corporate Bond Buywrite Strategy ETF) are both Corporate Bonds funds. MYCK is actively managed, while LQDW is passively managed. Over the past year, MYCK returned 2.56% vs 3.34% for LQDW. Their 0.74 correlation means they have sometimes moved together and sometimes differently. MYCK charges 0.15%/yr vs 0.34%/yr for LQDW.

Performance

MYCK vs. LQDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2031 Corporate Bond ETF (MYCK) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYCK achieves a 0.01% return, which is significantly lower than LQDW's 0.40% return.

MYCK

• 1D: -0.16%
• 1M: -0.73%
• 6M: -0.39%
• YTD: 0.01%
• 1Y: 2.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.29%

LQDW

• 1D: -0.19%
• 1M: -1.66%
• 6M: -0.19%
• YTD: 0.40%
• 1Y: 3.34%
• 3Y*: 3.14%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF	$6.26M	$3.68M	$2.25M
MYCK State Street My2031 Corporate Bond ETF	$441.97K	$406.24K	$173.35K

MYCK vs. LQDW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYCK State Street My2031 Corporate Bond ETF	0.01%	8.87%	-2.49%
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF	0.40%	9.05%	-2.58%

Correlation

The correlation between MYCK and LQDW is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.74

The correlation between MYCK and LQDW has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.

Return for Risk

MYCK vs. LQDW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MYCK

MYCK Risk / Return Rank: 41
MYCK Sharpe Ratio Rank: 42
MYCK Sortino Ratio Rank: 43
MYCK Omega Ratio Rank: 39
MYCK Calmar Ratio Rank: 42
MYCK Martin Ratio Rank: 39

LQDW

LQDW Risk / Return Rank: 37
LQDW Sharpe Ratio Rank: 37
LQDW Sortino Ratio Rank: 34
LQDW Omega Ratio Rank: 36
LQDW Calmar Ratio Rank: 38
LQDW Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MYCK vs. LQDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2031 Corporate Bond ETF (MYCK) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). 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.

	MYCK	LQDW	Difference
Sharpe ratio: Return per unit of total volatility	1.06	0.91	+0.15
Sortino ratio: Return per unit of downside risk	1.58	1.27	+0.31
Omega ratio: Gain probability vs. loss probability	1.19	1.17	+0.01
Calmar ratio: Return relative to maximum drawdown	1.49	1.32	+0.16
Martin ratio: Return relative to average drawdown	4.20	4.31	-0.10

MYCK vs. LQDW - Sharpe Ratio Comparison

The current MYCK Sharpe Ratio is 1.06, which is comparable to the LQDW Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of MYCK and LQDW, 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

MYCK vs. LQDW - Drawdown Comparison

The maximum MYCK drawdown since its inception was -3.69%, smaller than the maximum LQDW drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for MYCK and LQDW.

Drawdown Indicators

	MYCK	LQDW	Difference
Max Drawdown Largest peak-to-trough decline	-3.69%	-9.20%	+5.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.34%	-2.59%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.68%	—
Current Drawdown Current decline from peak	-1.44%	-1.90%	+0.46%
Average Drawdown Average peak-to-trough decline	-0.86%	-2.28%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	0.80%	+0.03%

Volatility

MYCK vs. LQDW - Volatility Comparison

The current volatility for State Street My2031 Corporate Bond ETF (MYCK) is 0.85%, while iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) has a volatility of 1.17%. This indicates that MYCK experiences smaller price fluctuations and is considered to be less risky than LQDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MYCK	LQDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	1.17%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	2.58%	3.28%	-0.70%
Volatility (1Y) Calculated over the trailing 1-year period	3.29%	3.77%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.18%	5.43%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.18%	5.43%	-1.25%

MYCK vs. LQDW - Expense Ratio Comparison

MYCK has a 0.15% expense ratio, which is lower than LQDW's 0.34% expense ratio.

Dividends

MYCK vs. LQDW - Dividend Comparison

MYCK's dividend yield for the trailing twelve months is around 4.57%, less than LQDW's 12.34% yield.

Position	TTM	2025	2024	2023	2022
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF	12.34%	16.02%	15.74%	19.28%	8.85%
MYCK State Street My2031 Corporate Bond ETF	4.19%	4.55%	1.25%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MYCK and LQDW in my portfolio?

MYCK and LQDW have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYCK or LQDW?

LQDW has higher volatility (1.17%) compared to MYCK (0.85%). In terms of maximum drawdown, MYCK dropped -3.69% vs LQDW's -9.20%.

Which ETF is better, MYCK or LQDW?

On 1-year performance, LQDW leads with 3.34% vs 2.56% for MYCK. On fees, MYCK is cheaper at 0.15% per year. On volatility, MYCK has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYCK or LQDW?

Over the 1-year period, LQDW has performed better with a 3.34% return vs 2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYCK or LQDW?

MYCK is cheaper with a 0.15% expense ratio, compared with 0.34% for LQDW.

Which ETF pays a higher dividend yield, MYCK or LQDW?

LQDW has the higher dividend yield at 12.34%, compared with 4.19% for MYCK.

What is the main difference between MYCK and LQDW?

They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for MYCK and 0.34% for LQDW.

Which has better risk-adjusted returns?

MYCK currently has the higher Sharpe Ratio (1.06 vs 0.91), 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.