MYHB vs. FSYD

Last updated Jun 4, 2026

MYHB (State Street My2028 High Yield Corporate Bond ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. MYHB is passively managed, while FSYD is actively managed. Their correlation of 0.94 suggests significant overlap in exposure. MYHB charges 0.39%/yr vs 0.55%/yr for FSYD.

Performance

MYHB vs. FSYD - 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 Fidelity Sustainable High Yield ETF (FSYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYHB

• 1D: -0.12%
• 1M: 0.45%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSYD

• 1D: 0.06%
• 1M: 0.60%
• YTD: 3.41%
• 6M: 4.01%
• 1Y: 9.98%
• 3Y*: 9.61%
• 5Y*: —
• 10Y*: —

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

MYHB vs. FSYD - Yearly Performance Comparison

	2026 (YTD)
MYHB State Street My2028 High Yield Corporate Bond ETF	1.28%
FSYD Fidelity Sustainable High Yield ETF	1.70%

Correlation

The correlation between MYHB and FSYD is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 27, 2026	0.94

Return for Risk

MYHB vs. FSYD — Risk / Return Rank

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

FSYD

FSYD Risk / Return Rank: 79
FSYD Sharpe Ratio Rank: 76
FSYD Sortino Ratio Rank: 84
FSYD Omega Ratio Rank: 83
FSYD Calmar Ratio Rank: 75
FSYD Martin Ratio Rank: 78

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.

MYHB vs. FSYD - 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 Fidelity Sustainable High Yield ETF (FSYD). 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.

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

Sharpe Ratios by Period

	MYHB	FSYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.77	+0.71

Drawdowns

MYHB vs. FSYD - Drawdown Comparison

The maximum MYHB drawdown since its inception was -1.09%, smaller than the maximum FSYD drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for MYHB and FSYD.

Drawdown Indicators

	MYHB	FSYD	Difference
Max Drawdown Largest peak-to-trough decline	-1.09%	-12.11%	+11.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.49%	—
Current Drawdown Current decline from peak	-0.12%	-0.20%	+0.08%
Average Drawdown Average peak-to-trough decline	-0.25%	-2.40%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.67%	—

Volatility

Volatility by Period

	MYHB	FSYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	4.11%	-0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.33%	7.85%	-4.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.33%	7.85%	-4.52%

MYHB vs. FSYD - Expense Ratio Comparison

MYHB has a 0.39% expense ratio, which is lower than FSYD's 0.55% expense ratio.

Dividends

MYHB vs. FSYD - Dividend Comparison

MYHB's dividend yield for the trailing twelve months is around 1.71%, less than FSYD's 6.32% yield.

Position	TTM	2025	2024	2023	2022
FSYD Fidelity Sustainable High Yield ETF	6.32%	6.49%	6.47%	6.70%	5.29%
MYHB State Street My2028 High Yield Corporate Bond ETF	1.71%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MYHB and FSYD in my portfolio?

With a correlation of 0.94, MYHB and FSYD 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 ETF is better, MYHB or FSYD?

On fees, MYHB is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYHB or FSYD?

MYHB is cheaper with a 0.39% expense ratio, compared with 0.55% for FSYD.

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

FSYD has the higher dividend yield at 6.32%, compared with 1.71% for MYHB.

What is the main difference between MYHB and FSYD?

They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.39% for MYHB and 0.55% for FSYD.