MYCL vs. USIG
MYCL (State Street My2032 Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. MYCL is actively managed, while USIG is passively managed. Over the past year, MYCL returned 6.13% vs 6.04% for USIG. With a 0.97 correlation, they move nearly in lockstep. MYCL charges 0.15%/yr vs 0.04%/yr for USIG.
Performance
MYCL vs. USIG - Performance Comparison
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Returns By Period
In the year-to-date period, MYCL achieves a 0.19% return, which is significantly lower than USIG's 0.56% return.
MYCL
- 1D
- -0.24%
- 1M
- 0.10%
- YTD
- 0.19%
- 6M
- 0.17%
- 1Y
- 6.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- -0.23%
- 1M
- 0.56%
- YTD
- 0.56%
- 6M
- 0.37%
- 1Y
- 6.04%
- 3Y*
- 5.46%
- 5Y*
- 0.72%
- 10Y*
- 2.63%
MYCL vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MYCL State Street My2032 Corporate Bond ETF | 0.19% | 9.03% | -2.98% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.56% | 7.86% | -3.20% |
Correlation
The correlation between MYCL and USIG is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.97 |
The correlation between MYCL and USIG has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
MYCL vs. USIG — Risk / Return Rank
MYCL
USIG
MYCL vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street My2032 Corporate Bond ETF (MYCL) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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.
| MYCL | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.17 | +0.05 |
| Martin ratioReturn relative to average drawdown | 7.16 | 7.07 | +0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MYCL | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.47 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.54 | +0.19 |
Drawdowns
MYCL vs. USIG - Drawdown Comparison
The maximum MYCL drawdown since its inception was -4.39%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for MYCL and USIG.
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Drawdown Indicators
| MYCL | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.39% | -22.21% | +17.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -2.79% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -1.51% | -0.97% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -3.42% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.86% | 0.00% |
Volatility
MYCL vs. USIG - Volatility Comparison
State Street My2032 Corporate Bond ETF (MYCL) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG) have volatilities of 1.24% and 1.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYCL | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.27% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 3.04% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 4.13% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 6.82% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 6.82% | -1.94% |
MYCL vs. USIG - Expense Ratio Comparison
MYCL has a 0.15% expense ratio, which is higher than USIG's 0.04% 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
MYCL vs. USIG - Dividend Comparison
MYCL's dividend yield for the trailing twelve months is around 4.66%, less than USIG's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYCL State Street My2032 Corporate Bond ETF | 4.66% | 4.60% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.74% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
With a correlation of 0.96, MYCL and USIG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
USIG has higher volatility (1.27%) compared to MYCL (1.24%). In terms of maximum drawdown, MYCL dropped -4.39% vs USIG's -22.21%.
On 1-year performance, MYCL leads with 6.13% vs 6.04% for USIG. On fees, USIG is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MYCL has performed better with a 6.13% return vs 6.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USIG is cheaper with a 0.04% expense ratio, compared with 0.15% for MYCL.
USIG has the higher dividend yield at 4.74%, compared with 4.66% for MYCL.
They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for MYCL and 0.04% for USIG.
MYCL currently has the higher Sharpe Ratio (1.60 vs 1.47), 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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