MYHC vs. USHY

Last updated Jun 25, 2026

MYHC (State Street My2029 High Yield Corporate Bond ETF) and USHY (iShares Broad USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - MYHC tracks the ICE 2029 Maturity US High Yield Index while USHY tracks the ICE BofA US High Yield Constrained Index. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. MYHC charges 0.39%/yr vs 0.15%/yr for USHY.

Performance

MYHC vs. USHY - 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 iShares Broad USD High Yield Corporate Bond ETF (USHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYHC

• 1D: -0.17%
• 1M: 0.77%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USHY

• 1D: 0.00%
• 1M: 0.48%
• YTD: 1.70%
• 6M: 1.66%
• 1Y: 6.07%
• 3Y*: 9.18%
• 5Y*: 4.12%
• 10Y*: —

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

MYHC vs. USHY - Yearly Performance Comparison

	2026 (YTD)
MYHC State Street My2029 High Yield Corporate Bond ETF	2.18%
USHY iShares Broad USD High Yield Corporate Bond ETF	0.79%

Correlation

The correlation between MYHC and USHY is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.97

Return for Risk

MYHC vs. USHY — Risk / Return Rank

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

MYHC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USHY

USHY Risk / Return Rank: 59
USHY Sharpe Ratio Rank: 54
USHY Sortino Ratio Rank: 59
USHY Omega Ratio Rank: 58
USHY Calmar Ratio Rank: 57
USHY Martin Ratio Rank: 68

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. USHY - 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 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.

	MYHC	USHY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.66	—
Sortino ratio: Return per unit of downside risk	—	2.50	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.51	—
Martin ratio: Return relative to average drawdown	—	11.22	—

Drawdowns

MYHC vs. USHY - Drawdown Comparison

The maximum MYHC drawdown since its inception was -1.57%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for MYHC and USHY.

Drawdown Indicators

	MYHC	USHY	Difference
Max Drawdown Largest peak-to-trough decline	-1.57%	-22.44%	+20.87%
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	-0.38%	-0.19%	-0.19%
Average Drawdown Average peak-to-trough decline	-0.32%	-2.65%	+2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.54%	—

Volatility

Volatility by Period

	MYHC	USHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.52%	3.67%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.52%	7.35%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.52%	8.23%	-3.71%

MYHC vs. USHY - Expense Ratio Comparison

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

Dividends

MYHC vs. USHY - Dividend Comparison

MYHC's dividend yield for the trailing twelve months is around 1.85%, less than USHY's 6.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MYHC State Street My2029 High Yield Corporate Bond ETF	1.85%	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	6.90%	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 MYHC and USHY in my portfolio?

With a correlation of 0.97, MYHC 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, MYHC 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, MYHC or USHY?

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

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

USHY has the higher dividend yield at 6.90%, compared with 1.85% for MYHC.

What is the main difference between MYHC and USHY?

MYHC tracks ICE 2029 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 MYHC and 0.15% for USHY.