MYHB vs. GLDM

Last updated Jul 12, 2026

MYHB (State Street My2028 High Yield Corporate Bond ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - MYHB is a High Yield Bonds fund tracking the ICE 2028 Maturity US High Yield Index, while GLDM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. A 0.50 correlation means they provide meaningful diversification when combined. MYHB charges 0.39%/yr vs 0.10%/yr for GLDM.

Performance

MYHB vs. GLDM - 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 Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYHB

• 1D: -0.06%
• 1M: 0.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDM

• 1D: -0.31%
• 1M: -2.33%
• 6M: -8.90%
• YTD: -4.78%
• 1Y: 22.28%
• 3Y*: 28.47%
• 5Y*: 17.71%
• 10Y*: —

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

MYHB vs. GLDM - Yearly Performance Comparison

	2026 (YTD)
MYHB State Street My2028 High Yield Corporate Bond ETF	1.76%
GLDM SPDR Gold MiniShares Trust	-20.27%

Correlation

The correlation between MYHB and GLDM is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.50

Return for Risk

MYHB vs. GLDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

GLDM

GLDM Risk / Return Rank: 26
GLDM Sharpe Ratio Rank: 28
GLDM Sortino Ratio Rank: 26
GLDM Omega Ratio Rank: 31
GLDM Calmar Ratio Rank: 23
GLDM Martin Ratio Rank: 22

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. GLDM - 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 Gold MiniShares Trust (GLDM). 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	GLDM	Difference
Sharpe ratio: Return per unit of total volatility	—	0.86	—
Sortino ratio: Return per unit of downside risk	—	1.22	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	0.90	—
Martin ratio: Return relative to average drawdown	—	2.24	—

Drawdowns

MYHB vs. GLDM - Drawdown Comparison

The maximum MYHB drawdown since its inception was -1.09%, smaller than the maximum GLDM drawdown of -26.11%. Use the drawdown chart below to compare losses from any high point for MYHB and GLDM.

Drawdown Indicators

	MYHB	GLDM	Difference
Max Drawdown Largest peak-to-trough decline	-1.09%	-26.11%	+25.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.11%	—
Current Drawdown Current decline from peak	-0.06%	-23.86%	+23.80%
Average Drawdown Average peak-to-trough decline	-0.19%	-6.42%	+6.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.51%	—

Volatility

Volatility by Period

	MYHB	GLDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.95%	27.58%	-24.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.95%	18.25%	-15.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.95%	17.05%	-14.10%

MYHB vs. GLDM - Expense Ratio Comparison

MYHB has a 0.39% expense ratio, which is higher than GLDM's 0.10% expense ratio.

Dividends

MYHB vs. GLDM - Dividend Comparison

MYHB's dividend yield for the trailing twelve months is around 2.23%, while GLDM has not paid dividends to shareholders.

Position	TTM
GLDM SPDR Gold MiniShares Trust	0.00%
MYHB State Street My2028 High Yield Corporate Bond ETF	2.23%

Frequently Asked Questions

Can I hold both MYHB and GLDM in my portfolio?

MYHB and GLDM have a correlation of 0.50, 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 GLDM?

On fees, GLDM is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYHB or GLDM?

GLDM is cheaper with a 0.10% expense ratio, compared with 0.39% for MYHB.

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

MYHB has the higher dividend yield at 2.23%, compared with 0.00% for GLDM.

What is the main difference between MYHB and GLDM?

MYHB is categorized as High Yield Bonds, while GLDM is Gold. MYHB tracks ICE 2028 Maturity US High Yield Index, while GLDM tracks LBMA Gold Price PM. Their fees differ too: 0.39% for MYHB and 0.10% for GLDM.