MYCL vs. MILK

Last updated Aug 2, 2026

MYCL (State Street My2032 Corporate Bond ETF) and MILK (Pacer US Cash Cows Bond ETF) are both Corporate Bonds funds. MYCL is actively managed, while MILK is passively managed. Over the past year, MYCL returned 2.68% vs 4.12% for MILK. Their correlation of 0.91 means they have usually moved in the same direction. MYCL charges 0.15%/yr vs 0.49%/yr for MILK.

Performance

MYCL vs. MILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2032 Corporate Bond ETF (MYCL) and Pacer US Cash Cows Bond ETF (MILK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYCL achieves a -0.19% return, which is significantly lower than MILK's 0.94% return.

MYCL

• 1D: -0.17%
• 1M: -0.96%
• 6M: -0.62%
• YTD: -0.19%
• 1Y: 2.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.00%

MILK

• 1D: -0.15%
• 1M: -1.69%
• 6M: 0.04%
• YTD: 0.94%
• 1Y: 4.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.21%

*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)
MILK Pacer US Cash Cows Bond ETF	$195.76K	$144.48K	$113.75K
MYCL State Street My2032 Corporate Bond ETF	$300.06K	$184.68K	$82.77K

MYCL vs. MILK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYCL State Street My2032 Corporate Bond ETF	-0.19%	9.03%	-0.96%
MILK Pacer US Cash Cows Bond ETF	0.94%	7.49%	-1.49%

Correlation

The correlation between MYCL and MILK is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.91

The correlation between MYCL and MILK has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

MYCL vs. MILK — Risk / Return Rank

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

MYCL

MYCL Risk / Return Rank: 35
MYCL Sharpe Ratio Rank: 37
MYCL Sortino Ratio Rank: 35
MYCL Omega Ratio Rank: 33
MYCL Calmar Ratio Rank: 36
MYCL Martin Ratio Rank: 35

MILK

MILK Risk / Return Rank: 37
MILK Sharpe Ratio Rank: 38
MILK Sortino Ratio Rank: 37
MILK Omega Ratio Rank: 35
MILK Calmar Ratio Rank: 37
MILK 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.

MYCL vs. MILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2032 Corporate Bond ETF (MYCL) and Pacer US Cash Cows Bond ETF (MILK). 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.

	MYCL	MILK	Difference
Sharpe ratio: Return per unit of total volatility	0.92	0.96	-0.04
Sortino ratio: Return per unit of downside risk	1.34	1.40	-0.06
Omega ratio: Gain probability vs. loss probability	1.16	1.17	-0.01
Calmar ratio: Return relative to maximum drawdown	1.26	1.28	-0.02
Martin ratio: Return relative to average drawdown	3.40	4.33	-0.93

MYCL vs. MILK - Sharpe Ratio Comparison

The current MYCL Sharpe Ratio is 0.92, which is comparable to the MILK Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of MYCL and MILK, 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

MYCL vs. MILK - Drawdown Comparison

The maximum MYCL drawdown since its inception was -4.39%, smaller than the maximum MILK drawdown of -6.16%. Use the drawdown chart below to compare losses from any high point for MYCL and MILK.

Drawdown Indicators

	MYCL	MILK	Difference
Max Drawdown Largest peak-to-trough decline	-4.39%	-6.16%	+1.77%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-3.75%	+0.98%
Current Drawdown Current decline from peak	-1.88%	-2.13%	+0.25%
Average Drawdown Average peak-to-trough decline	-1.09%	-1.13%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	1.11%	-0.08%

Volatility

MYCL vs. MILK - Volatility Comparison

The current volatility for State Street My2032 Corporate Bond ETF (MYCL) is 1.09%, while Pacer US Cash Cows Bond ETF (MILK) has a volatility of 1.15%. This indicates that MYCL experiences smaller price fluctuations and is considered to be less risky than MILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MYCL	MILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	1.15%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	3.08%	3.82%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	5.01%	-1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.80%	6.55%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.80%	6.55%	-1.75%

MYCL vs. MILK - Expense Ratio Comparison

MYCL has a 0.15% expense ratio, which is lower than MILK's 0.49% expense ratio.

Dividends

MYCL vs. MILK - Dividend Comparison

MYCL's dividend yield for the trailing twelve months is around 4.69%, less than MILK's 7.07% yield.

Position	TTM	2025	2024
MILK Pacer US Cash Cows Bond ETF	7.07%	6.97%	0.00%
MYCL State Street My2032 Corporate Bond ETF	4.30%	4.60%	1.27%

Frequently Asked Questions

Can I hold both MYCL and MILK in my portfolio?

MYCL and MILK have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYCL or MILK?

MILK has higher volatility (1.15%) compared to MYCL (1.09%). In terms of maximum drawdown, MYCL dropped -4.39% vs MILK's -6.16%.

Which ETF is better, MYCL or MILK?

On 1-year performance, MILK leads with 4.12% vs 2.68% for MYCL. On fees, MYCL 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, MYCL or MILK?

Over the 1-year period, MILK has performed better with a 4.12% return vs 2.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYCL or MILK?

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

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

MILK has the higher dividend yield at 7.07%, compared with 4.30% for MYCL.

What is the main difference between MYCL and MILK?

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

Which has better risk-adjusted returns?

MILK currently has the higher Sharpe Ratio (0.96 vs 0.92), 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.