MYHD vs. SPHY

Last updated Jun 5, 2026

MYHD (State Street My2030 High Yield Corporate Bond ETF) and SPHY (SPDR Portfolio High Yield Bond ETF) are both High Yield Bonds funds from State Street - MYHD tracks the ICE 2030 Maturity US High Yield Index while SPHY tracks the ICE BofA US High Yield Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. MYHD charges 0.39%/yr vs 0.05%/yr for SPHY.

Performance

MYHD vs. SPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2030 High Yield Corporate Bond ETF (MYHD) and SPDR Portfolio High Yield Bond ETF (SPHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYHD

• 1D: 0.08%
• 1M: 0.68%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPHY

• 1D: 0.09%
• 1M: 0.42%
• YTD: 1.63%
• 6M: 2.02%
• 1Y: 7.02%
• 3Y*: 8.98%
• 5Y*: 4.41%
• 10Y*: 5.14%

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

MYHD vs. SPHY - Yearly Performance Comparison

	2026 (YTD)
MYHD State Street My2030 High Yield Corporate Bond ETF	1.59%
SPHY SPDR Portfolio High Yield Bond ETF	0.74%

Correlation

The correlation between MYHD and SPHY is 0.90, 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	0.90

Return for Risk

MYHD vs. SPHY — Risk / Return Rank

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

SPHY

SPHY Risk / Return Rank: 64
SPHY Sharpe Ratio Rank: 58
SPHY Sortino Ratio Rank: 64
SPHY Omega Ratio Rank: 64
SPHY Calmar Ratio Rank: 60
SPHY Martin Ratio Rank: 72

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.

MYHD vs. SPHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2030 High Yield Corporate Bond ETF (MYHD) and SPDR Portfolio High Yield Bond ETF (SPHY). 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

	MYHD	SPHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.92	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.64	+0.53

Drawdowns

MYHD vs. SPHY - Drawdown Comparison

The maximum MYHD drawdown since its inception was -2.14%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for MYHD and SPHY.

Drawdown Indicators

	MYHD	SPHY	Difference
Max Drawdown Largest peak-to-trough decline	-2.14%	-21.97%	+19.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.97%	—
Current Drawdown Current decline from peak	-0.08%	-0.14%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.46%	-2.29%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.53%	—

Volatility

Volatility by Period

	MYHD	SPHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.16%	3.68%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.16%	7.17%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.16%	7.89%	-2.73%

MYHD vs. SPHY - Expense Ratio Comparison

MYHD has a 0.39% expense ratio, which is higher than SPHY's 0.05% expense ratio.

Dividends

MYHD vs. SPHY - Dividend Comparison

MYHD's dividend yield for the trailing twelve months is around 1.85%, less than SPHY's 7.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MYHD State Street My2030 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%	0.00%	0.00%
SPHY SPDR Portfolio High Yield Bond ETF	7.26%	7.38%	7.80%	7.30%	6.47%	5.13%	5.63%	5.73%	4.09%	4.41%	4.27%	4.29%

Frequently Asked Questions

Can I hold both MYHD and SPHY in my portfolio?

With a correlation of 0.90, MYHD and SPHY 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, MYHD or SPHY?

On fees, SPHY is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYHD or SPHY?

SPHY is cheaper with a 0.05% expense ratio, compared with 0.39% for MYHD.

Which ETF pays a higher dividend yield, MYHD or SPHY?

SPHY has the higher dividend yield at 7.26%, compared with 1.85% for MYHD.

What is the main difference between MYHD and SPHY?

MYHD tracks ICE 2030 Maturity US High Yield Index, while SPHY tracks ICE BofA US High Yield Index. Their fees differ too: 0.39% for MYHD and 0.05% for SPHY.