MYHB vs. SCYB

Last updated Aug 2, 2026

MYHB (State Street My2028 High Yield Corporate Bond ETF) and SCYB (Schwab High Yield Bond ETF) are both High Yield Bonds funds - MYHB tracks the ICE 2028 Maturity US High Yield Index while SCYB tracks the ICE BofA US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.94 means they have usually moved in the same direction. MYHB charges 0.39%/yr vs 0.03%/yr for SCYB.

Performance

MYHB vs. SCYB - 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 Schwab High Yield Bond ETF (SCYB). 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*: —

SCYB

• 1D: 0.08%
• 1M: -0.27%
• 6M: 1.11%
• YTD: 1.87%
• 1Y: 5.41%
• 3Y*: 8.22%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.43%

*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)
MYHB State Street My2028 High Yield Corporate Bond ETF	$1.36K	$1.00K	$8.02K
SCYB Schwab High Yield Bond ETF	$27.25M	$28.58M	$31.43M

MYHB vs. SCYB - Yearly Performance Comparison

	2026 (YTD)
MYHB State Street My2028 High Yield Corporate Bond ETF	2.03%
SCYB Schwab High Yield Bond ETF	0.90%

Correlation

The correlation between MYHB and SCYB is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.94

Return for Risk

MYHB vs. SCYB — 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.

SCYB

SCYB Risk / Return Rank: 67
SCYB Sharpe Ratio Rank: 62
SCYB Sortino Ratio Rank: 66
SCYB Omega Ratio Rank: 66
SCYB Calmar Ratio Rank: 64
SCYB Martin Ratio Rank: 77

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. SCYB - 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 Schwab High Yield Bond ETF (SCYB). 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	SCYB	Difference
Sharpe ratio: Return per unit of total volatility	—	1.44	—
Sortino ratio: Return per unit of downside risk	—	2.17	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.21	—
Martin ratio: Return relative to average drawdown	—	9.67	—

Drawdowns

MYHB vs. SCYB - Drawdown Comparison

The maximum MYHB drawdown since its inception was -1.09%, smaller than the maximum SCYB drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for MYHB and SCYB.

Drawdown Indicators

	MYHB	SCYB	Difference
Max Drawdown Largest peak-to-trough decline	-1.09%	-4.92%	+3.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.92%	—
Current Drawdown Current decline from peak	0.00%	-0.46%	+0.46%
Average Drawdown Average peak-to-trough decline	-0.18%	-0.50%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.56%	—

Volatility

Volatility by Period

	MYHB	SCYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.78%	3.75%	-0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	5.04%	-2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.78%	5.04%	-2.26%

MYHB vs. SCYB - Expense Ratio Comparison

MYHB has a 0.39% expense ratio, which is higher than SCYB's 0.03% expense ratio.

Dividends

MYHB vs. SCYB - Dividend Comparison

MYHB's dividend yield for the trailing twelve months is around 2.22%, less than SCYB's 6.94% yield.

Position	TTM	2025	2024	2023
MYHB State Street My2028 High Yield Corporate Bond ETF	2.22%	0.00%	0.00%	0.00%
SCYB Schwab High Yield Bond ETF	6.31%	6.99%	7.06%	3.36%

Frequently Asked Questions

Can I hold both MYHB and SCYB in my portfolio?

With a correlation of 0.94, MYHB and SCYB 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 SCYB?

On fees, SCYB is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYHB or SCYB?

SCYB is cheaper with a 0.03% expense ratio, compared with 0.39% for MYHB.

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

SCYB has the higher dividend yield at 6.31%, compared with 2.22% for MYHB.

What is the main difference between MYHB and SCYB?

MYHB tracks ICE 2028 Maturity US High Yield Index, while SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index. They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.39% for MYHB and 0.03% for SCYB.