MYHB vs. USHY

Last updated Jul 12, 2026

MYHB (State Street My2028 High Yield Corporate Bond ETF) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - MYHB tracks the ICE 2028 Maturity US High Yield Index while USHY tracks the ICE BofA US High Yield Constrained Index. Both are passively managed. Their correlation of 0.95 suggests significant overlap in exposure. MYHB charges 0.39%/yr vs 0.15%/yr for USHY.

Performance

MYHB vs. USHY - 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 iShares Broad USD High Yield Corporate Bond ETF (USHY). 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*: —

USHY

• 1D: -0.08%
• 1M: 0.29%
• 6M: 1.50%
• YTD: 2.02%
• 1Y: 6.06%
• 3Y*: 8.85%
• 5Y*: 4.06%
• 10Y*: —

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

MYHB vs. USHY - Yearly Performance Comparison

	2026 (YTD)
MYHB State Street My2028 High Yield Corporate Bond ETF	1.76%
USHY iShares Broad USD High Yield Corporate Bond ETF	1.11%

Correlation

The correlation between MYHB and USHY is 0.95, 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 26, 2026	0.95

Return for Risk

MYHB vs. USHY — 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.

USHY

USHY Risk / Return Rank: 66
USHY Sharpe Ratio Rank: 61
USHY Sortino Ratio Rank: 67
USHY Omega Ratio Rank: 66
USHY Calmar Ratio Rank: 61
USHY Martin Ratio Rank: 75

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. USHY - 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 iShares Broad USD High Yield Corporate Bond ETF (USHY). 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	USHY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.63	—
Sortino ratio: Return per unit of downside risk	—	2.45	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.45	—
Martin ratio: Return relative to average drawdown	—	11.02	—

Drawdowns

MYHB vs. USHY - Drawdown Comparison

The maximum MYHB drawdown since its inception was -1.09%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for MYHB and USHY.

Drawdown Indicators

	MYHB	USHY	Difference
Max Drawdown Largest peak-to-trough decline	-1.09%	-22.44%	+21.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.56%	—
Current Drawdown Current decline from peak	-0.06%	-0.24%	+0.18%
Average Drawdown Average peak-to-trough decline	-0.19%	-2.64%	+2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.54%	—

Volatility

Volatility by Period

	MYHB	USHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.95%	3.64%	-0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.95%	7.35%	-4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.95%	8.21%	-5.26%

MYHB vs. USHY - Expense Ratio Comparison

MYHB has a 0.39% expense ratio, which is higher than USHY's 0.15% expense ratio.

Dividends

MYHB vs. USHY - Dividend Comparison

MYHB's dividend yield for the trailing twelve months is around 2.23%, less than USHY's 6.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MYHB State Street My2028 High Yield Corporate Bond ETF	2.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USHY iShares Broad USD High Yield Corporate Bond ETF	6.91%	6.79%	6.89%	6.63%	6.08%	5.07%	5.30%	5.92%	6.30%	0.73%

Frequently Asked Questions

Can I hold both MYHB and USHY in my portfolio?

With a correlation of 0.95, MYHB and USHY 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 USHY?

On fees, USHY is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYHB or USHY?

USHY is cheaper with a 0.15% expense ratio, compared with 0.39% for MYHB.

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

USHY has the higher dividend yield at 6.91%, compared with 2.23% for MYHB.

What is the main difference between MYHB and USHY?

MYHB tracks ICE 2028 Maturity US High Yield Index, while USHY tracks ICE BofA US High Yield Constrained Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.39% for MYHB and 0.15% for USHY.