MYHE vs. FSYD

Last updated Jun 5, 2026

MYHE (State Street My2031 High Yield Corporate Bond ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. MYHE is passively managed, while FSYD is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. MYHE charges 0.39%/yr vs 0.55%/yr for FSYD.

Performance

MYHE vs. FSYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2031 High Yield Corporate Bond ETF (MYHE) and Fidelity Sustainable High Yield ETF (FSYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYHE

• 1D: 0.04%
• 1M: 0.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSYD

• 1D: 0.06%
• 1M: 0.60%
• YTD: 3.41%
• 6M: 4.01%
• 1Y: 9.98%
• 3Y*: 9.61%
• 5Y*: —
• 10Y*: —

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

MYHE vs. FSYD - Yearly Performance Comparison

	2026 (YTD)
MYHE State Street My2031 High Yield Corporate Bond ETF	1.20%
FSYD Fidelity Sustainable High Yield ETF	1.70%

Correlation

The correlation between MYHE and FSYD is 0.84, 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	0.84

Return for Risk

MYHE vs. FSYD — Risk / Return Rank

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

FSYD

FSYD Risk / Return Rank: 79
FSYD Sharpe Ratio Rank: 76
FSYD Sortino Ratio Rank: 84
FSYD Omega Ratio Rank: 83
FSYD Calmar Ratio Rank: 75
FSYD Martin Ratio Rank: 78

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.

MYHE vs. FSYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2031 High Yield Corporate Bond ETF (MYHE) and Fidelity Sustainable High Yield ETF (FSYD). 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

	MYHE	FSYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.77	+0.06

Drawdowns

MYHE vs. FSYD - Drawdown Comparison

The maximum MYHE drawdown since its inception was -2.28%, smaller than the maximum FSYD drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for MYHE and FSYD.

Drawdown Indicators

	MYHE	FSYD	Difference
Max Drawdown Largest peak-to-trough decline	-2.28%	-12.11%	+9.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.49%	—
Current Drawdown Current decline from peak	-0.17%	-0.20%	+0.03%
Average Drawdown Average peak-to-trough decline	-0.59%	-2.40%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.67%	—

Volatility

Volatility by Period

	MYHE	FSYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.48%	4.11%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.48%	7.85%	-2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.48%	7.85%	-2.37%

MYHE vs. FSYD - Expense Ratio Comparison

MYHE has a 0.39% expense ratio, which is lower than FSYD's 0.55% expense ratio.

Dividends

MYHE vs. FSYD - Dividend Comparison

MYHE's dividend yield for the trailing twelve months is around 1.81%, less than FSYD's 6.32% yield.

Position	TTM	2025	2024	2023	2022
FSYD Fidelity Sustainable High Yield ETF	6.32%	6.49%	6.47%	6.70%	5.29%
MYHE State Street My2031 High Yield Corporate Bond ETF	1.81%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MYHE and FSYD in my portfolio?

MYHE and FSYD have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MYHE or FSYD?

On fees, MYHE 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, MYHE or FSYD?

MYHE is cheaper with a 0.39% expense ratio, compared with 0.55% for FSYD.

Which ETF pays a higher dividend yield, MYHE or FSYD?

FSYD has the higher dividend yield at 6.32%, compared with 1.81% for MYHE.

What is the main difference between MYHE and FSYD?

They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.39% for MYHE and 0.55% for FSYD.