MYCM vs. VCSH

Last updated Jun 4, 2026

MYCM (State Street My2033 Corporate Bond ETF) and VCSH (Vanguard Short-Term Corporate Bond ETF) are both Corporate Bonds funds. MYCM is actively managed, while VCSH is passively managed. Over the past year, MYCM returned 6.52% vs 4.59% for VCSH. Their correlation of 0.90 suggests significant overlap in exposure. MYCM charges 0.15%/yr vs 0.04%/yr for VCSH.

Performance

MYCM vs. VCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2033 Corporate Bond ETF (MYCM) and Vanguard Short-Term Corporate Bond ETF (VCSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYCM achieves a 0.42% return, which is significantly lower than VCSH's 0.64% return.

MYCM

• 1D: -0.19%
• 1M: 0.25%
• YTD: 0.42%
• 6M: 0.38%
• 1Y: 6.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VCSH

• 1D: -0.08%
• 1M: 0.20%
• YTD: 0.64%
• 6M: 0.95%
• 1Y: 4.59%
• 3Y*: 5.52%
• 5Y*: 2.32%
• 10Y*: 2.70%

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

MYCM vs. VCSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYCM State Street My2033 Corporate Bond ETF	0.42%	9.21%	-3.14%
VCSH Vanguard Short-Term Corporate Bond ETF	0.64%	6.77%	-0.56%

Correlation

The correlation between MYCM and VCSH is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.90

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

Return for Risk

MYCM vs. VCSH — Risk / Return Rank

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

MYCM

MYCM Risk / Return Rank: 49
MYCM Sharpe Ratio Rank: 49
MYCM Sortino Ratio Rank: 52
MYCM Omega Ratio Rank: 48
MYCM Calmar Ratio Rank: 50
MYCM Martin Ratio Rank: 49

VCSH

VCSH Risk / Return Rank: 74
VCSH Sharpe Ratio Rank: 73
VCSH Sortino Ratio Rank: 84
VCSH Omega Ratio Rank: 79
VCSH Calmar Ratio Rank: 65
VCSH Martin Ratio Rank: 71

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.

MYCM vs. VCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2033 Corporate Bond ETF (MYCM) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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.

	MYCM	VCSH	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.45	-0.80
Sortino ratio: Return per unit of downside risk	2.47	3.85	-1.38
Omega ratio: Gain probability vs. loss probability	1.30	1.48	-0.18
Calmar ratio: Return relative to maximum drawdown	2.39	3.29	-0.90
Martin ratio: Return relative to average drawdown	7.98	13.55	-5.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MYCM vs. VCSH - Sharpe Ratio Comparison

The current MYCM Sharpe Ratio is 1.65, which is lower than the VCSH Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of MYCM and VCSH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MYCM	VCSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	2.45	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	1.02	-0.30

Drawdowns

MYCM vs. VCSH - Drawdown Comparison

The maximum MYCM drawdown since its inception was -4.58%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for MYCM and VCSH.

Drawdown Indicators

	MYCM	VCSH	Difference
Max Drawdown Largest peak-to-trough decline	-4.58%	-12.86%	+8.28%
Max Drawdown (1Y) Largest decline over 1 year	-2.74%	-1.40%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-12.86%	—
Current Drawdown Current decline from peak	-1.18%	-0.32%	-0.86%
Average Drawdown Average peak-to-trough decline	-1.08%	-0.97%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.34%	+0.48%

Volatility

MYCM vs. VCSH - Volatility Comparison

State Street My2033 Corporate Bond ETF (MYCM) has a higher volatility of 1.25% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.57%. This indicates that MYCM's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MYCM	VCSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	0.57%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	1.38%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	3.97%	1.88%	+2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.12%	2.88%	+2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.12%	3.35%	+1.77%

MYCM vs. VCSH - Expense Ratio Comparison

MYCM has a 0.15% expense ratio, which is higher than VCSH'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

MYCM vs. VCSH - Dividend Comparison

MYCM's dividend yield for the trailing twelve months is around 4.74%, more than VCSH's 4.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MYCM State Street My2033 Corporate Bond ETF	4.74%	4.70%	1.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VCSH Vanguard Short-Term Corporate Bond ETF	4.45%	4.35%	3.96%	3.09%	2.01%	1.81%	2.27%	2.87%	2.65%	2.26%	2.10%	2.08%

Frequently Asked Questions

Can I hold both MYCM and VCSH in my portfolio?

With a correlation of 0.91, MYCM and VCSH 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.

Which is riskier, MYCM or VCSH?

MYCM has higher volatility (1.25%) compared to VCSH (0.57%). In terms of maximum drawdown, MYCM dropped -4.58% vs VCSH's -12.86%.

Which ETF is better, MYCM or VCSH?

On 1-year performance, MYCM leads with 6.52% vs 4.59% for VCSH. On fees, VCSH is cheaper at 0.04% per year. On volatility, VCSH has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYCM or VCSH?

Over the 1-year period, MYCM has performed better with a 6.52% return vs 4.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYCM or VCSH?

VCSH is cheaper with a 0.04% expense ratio, compared with 0.15% for MYCM.

Which ETF pays a higher dividend yield, MYCM or VCSH?

MYCM has the higher dividend yield at 4.74%, compared with 4.45% for VCSH.

What is the main difference between MYCM and VCSH?

They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for MYCM and 0.04% for VCSH.

Which has better risk-adjusted returns?

VCSH currently has the higher Sharpe Ratio (2.45 vs 1.65), 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.