MYHB vs. BIL

Last updated Aug 2, 2026

MYHB (State Street My2028 High Yield Corporate Bond ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - MYHB is a High Yield Bonds fund tracking the ICE 2028 Maturity US High Yield Index, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Their -0.19 correlation means they have often moved in opposite directions in the past. MYHB charges 0.39%/yr vs 0.14%/yr for BIL.

Performance

MYHB vs. BIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2028 High Yield Corporate Bond ETF (MYHB) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYHB

• 1D: 0.02%
• 1M: 0.30%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BIL

• 1D: 0.03%
• 1M: 0.26%
• 6M: 1.78%
• YTD: 2.08%
• 1Y: 3.76%
• 3Y*: 4.56%
• 5Y*: 3.54%
• 10Y*: 2.24%
• ALL TIME*: 1.37%

*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)
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	$778.54M	$838.53M	$900.58M
MYHB State Street My2028 High Yield Corporate Bond ETF	$1.36K	$1.00K	$8.02K

MYHB vs. BIL - Yearly Performance Comparison

	2026 (YTD)
MYHB State Street My2028 High Yield Corporate Bond ETF	2.03%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	1.55%

Correlation

The correlation between MYHB and BIL is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	-0.19

Return for Risk

MYHB vs. BIL — Risk / Return Rank

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

MYHB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BIL

BIL Risk / Return Rank: 100
BIL Sharpe Ratio Rank: 100
BIL Sortino Ratio Rank: 100
BIL Omega Ratio Rank: 100
BIL Calmar Ratio Rank: 100
BIL Martin Ratio Rank: 100

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.

MYHB vs. BIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2028 High Yield Corporate Bond ETF (MYHB) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). 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.

	MYHB	BIL	Difference
Sharpe ratio: Return per unit of total volatility	—	19.13	—
Sortino ratio: Return per unit of downside risk	—	153.14	—
Omega ratio: Gain probability vs. loss probability	—	69.35	—
Calmar ratio: Return relative to maximum drawdown	—	349.28	—
Martin ratio: Return relative to average drawdown	—	2,476.90	—

Drawdowns

MYHB vs. BIL - Drawdown Comparison

The maximum MYHB drawdown since its inception was -1.09%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for MYHB and BIL.

Drawdown Indicators

	MYHB	BIL	Difference
Max Drawdown Largest peak-to-trough decline	-1.09%	-0.78%	-0.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.21%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.18%	-0.26%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	MYHB	BIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.78%	0.20%	+2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	0.26%	+2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.78%	0.26%	+2.52%

MYHB vs. BIL - Expense Ratio Comparison

MYHB has a 0.39% expense ratio, which is higher than BIL's 0.14% expense ratio.

Dividends

MYHB vs. BIL - Dividend Comparison

MYHB's dividend yield for the trailing twelve months is around 2.22%, less than BIL's 3.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	3.46%	4.13%	5.03%	4.92%	1.35%	0.00%	0.30%	2.05%	1.66%	0.68%	0.07%
MYHB State Street My2028 High Yield Corporate Bond ETF	2.22%	0.00%	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 MYHB and BIL in my portfolio?

MYHB and BIL have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MYHB or BIL?

On fees, BIL is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYHB or BIL?

BIL is cheaper with a 0.14% expense ratio, compared with 0.39% for MYHB.

Which ETF pays a higher dividend yield, MYHB or BIL?

BIL has the higher dividend yield at 3.46%, compared with 2.22% for MYHB.

What is the main difference between MYHB and BIL?

MYHB is categorized as High Yield Bonds, while BIL is Government Bonds. MYHB tracks ICE 2028 Maturity US High Yield Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. Their fees differ too: 0.39% for MYHB and 0.14% for BIL.