MYHC vs. PHYD

Last updated Jun 5, 2026

MYHC (State Street My2029 High Yield Corporate Bond ETF) and PHYD (Putnam ESG High Yield ETF -) are both High Yield Bonds funds. MYHC is passively managed, while PHYD is actively managed. Their correlation of 0.87 suggests significant overlap in exposure. MYHC charges 0.39%/yr vs 0.55%/yr for PHYD.

Performance

MYHC vs. PHYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2029 High Yield Corporate Bond ETF (MYHC) and Putnam ESG High Yield ETF - (PHYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYHC

• 1D: 0.14%
• 1M: 0.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PHYD

• 1D: 0.32%
• 1M: -0.14%
• YTD: 2.49%
• 6M: 3.00%
• 1Y: 7.97%
• 3Y*: 8.82%
• 5Y*: —
• 10Y*: —

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

MYHC vs. PHYD - Yearly Performance Comparison

	2026 (YTD)
MYHC State Street My2029 High Yield Corporate Bond ETF	1.93%
PHYD Putnam ESG High Yield ETF -	1.83%

Correlation

The correlation between MYHC and PHYD is 0.87, 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	0.87

Return for Risk

MYHC vs. PHYD — Risk / Return Rank

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

PHYD

PHYD Risk / Return Rank: 80
PHYD Sharpe Ratio Rank: 75
PHYD Sortino Ratio Rank: 85
PHYD Omega Ratio Rank: 82
PHYD Calmar Ratio Rank: 77
PHYD Martin Ratio Rank: 81

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.

MYHC vs. PHYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2029 High Yield Corporate Bond ETF (MYHC) and Putnam ESG High Yield ETF - (PHYD). 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

	MYHC	PHYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	1.74	-0.17

Drawdowns

MYHC vs. PHYD - Drawdown Comparison

The maximum MYHC drawdown since its inception was -1.57%, smaller than the maximum PHYD drawdown of -4.33%. Use the drawdown chart below to compare losses from any high point for MYHC and PHYD.

Drawdown Indicators

	MYHC	PHYD	Difference
Max Drawdown Largest peak-to-trough decline	-1.57%	-4.33%	+2.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.14%	—
Current Drawdown Current decline from peak	-0.06%	-0.62%	+0.56%
Average Drawdown Average peak-to-trough decline	-0.35%	-0.62%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.51%	—

Volatility

Volatility by Period

	MYHC	PHYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.68%	3.35%	+1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.68%	4.59%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	4.59%	+0.09%

MYHC vs. PHYD - Expense Ratio Comparison

MYHC has a 0.39% expense ratio, which is lower than PHYD's 0.55% expense ratio.

Dividends

MYHC vs. PHYD - Dividend Comparison

MYHC's dividend yield for the trailing twelve months is around 1.86%, less than PHYD's 9.02% yield.

Position	TTM	2025	2024	2023
MYHC State Street My2029 High Yield Corporate Bond ETF	1.86%	0.00%	0.00%	0.00%
PHYD Putnam ESG High Yield ETF -	9.02%	6.63%	6.80%	6.15%

Frequently Asked Questions

Can I hold both MYHC and PHYD in my portfolio?

MYHC and PHYD have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MYHC or PHYD?

On fees, MYHC 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, MYHC or PHYD?

MYHC is cheaper with a 0.39% expense ratio, compared with 0.55% for PHYD.

Which ETF pays a higher dividend yield, MYHC or PHYD?

PHYD has the higher dividend yield at 9.02%, compared with 1.86% for MYHC.

What is the main difference between MYHC and PHYD?

They also come from different issuers: State Street and Putnam. Their fees differ too: 0.39% for MYHC and 0.55% for PHYD.