MYHB vs. SPYM
MYHB (State Street My2028 High Yield Corporate Bond ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - MYHB is a High Yield Bonds fund tracking the ICE 2028 Maturity US High Yield Index, while SPYM is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. MYHB charges 0.39%/yr vs 0.02%/yr for SPYM.
Performance
MYHB vs. SPYM - Performance Comparison
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Returns By Period
MYHB
- 1D
- 0.02%
- 1M
- 0.30%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPYM
- 1D
- 0.68%
- 1M
- 0.26%
- 6M
- 8.55%
- YTD
- 10.15%
- 1Y
- 21.52%
- 3Y*
- 19.39%
- 5Y*
- 12.82%
- 10Y*
- 15.15%
- ALL TIME*
- 11.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.36K | $1.00K | $8.02K | |
| $811.10M | $977.30M | $1.09B |
MYHB vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MYHB State Street My2028 High Yield Corporate Bond ETF | 2.03% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 8.34% |
Correlation
The correlation between MYHB and SPYM is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026 | 0.76 |
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Return for Risk
MYHB vs. SPYM — Risk / Return Rank
MYHB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYM
MYHB vs. SPYM - 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 State Street SPDR Portfolio S&P 500 ETF (SPYM). 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 | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.21 | — |
| Martin ratioReturn relative to average drawdown | — | 9.43 | — |
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Drawdowns
MYHB vs. SPYM - Drawdown Comparison
The maximum MYHB drawdown since its inception was -1.09%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for MYHB and SPYM.
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Drawdown Indicators
| MYHB | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.09% | -54.46% | +53.37% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.90% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.87% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.41% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -0.18% | -7.11% | +6.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.08% | — |
Volatility
MYHB vs. SPYM - Volatility Comparison
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Volatility by Period
| MYHB | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.78% | 12.83% | -10.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.78% | 16.92% | -14.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.78% | 18.01% | -15.23% |
MYHB vs. SPYM - Expense Ratio Comparison
MYHB has a 0.39% expense ratio, which is higher than SPYM's 0.02% expense ratio.
Dividends
MYHB vs. SPYM - Dividend Comparison
MYHB's dividend yield for the trailing twelve months is around 2.22%, more than SPYM's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.03% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
Frequently Asked Questions
MYHB and SPYM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM is cheaper with a 0.02% expense ratio, compared with 0.39% for MYHB.
MYHB has the higher dividend yield at 2.22%, compared with 1.03% for SPYM.
MYHB is categorized as High Yield Bonds, while SPYM is S&P 500. MYHB tracks ICE 2028 Maturity US High Yield Index, while SPYM tracks S&P 500 Index. Their fees differ too: 0.39% for MYHB and 0.02% for SPYM.
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