MYHE vs. IBHE

Last updated Jun 25, 2026

MYHE (State Street My2031 High Yield Corporate Bond ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds - MYHE tracks the ICE 2031 Maturity US High Yield Index while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. MYHE charges 0.39%/yr vs 0.35%/yr for IBHE.

Performance

MYHE vs. IBHE - 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 iShares iBonds 2025 Term High Yield & Income ETF (IBHE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYHE

• 1D: 0.10%
• 1M: 0.78%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBHE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 2.00%
• 3Y*: 5.93%
• 5Y*: 3.89%
• 10Y*: —

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

MYHE vs. IBHE - Yearly Performance Comparison

	2026 (YTD)
MYHE State Street My2031 High Yield Corporate Bond ETF	1.63%
IBHE iShares iBonds 2025 Term High Yield & Income ETF	0.00%

Return for Risk

MYHE vs. IBHE - 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 iShares iBonds 2025 Term High Yield & Income ETF (IBHE). 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.

	MYHE	IBHE	Difference
Sharpe ratio: Return per unit of total volatility	—	3.89	—
Sortino ratio: Return per unit of downside risk	—	7.42	—
Omega ratio: Gain probability vs. loss probability	—	2.32	—
Calmar ratio: Return relative to maximum drawdown	—	25.02	—
Martin ratio: Return relative to average drawdown	—	98.47	—

Drawdowns

MYHE vs. IBHE - Drawdown Comparison

The maximum MYHE drawdown since its inception was -2.28%, smaller than the maximum IBHE drawdown of -26.91%. Use the drawdown chart below to compare losses from any high point for MYHE and IBHE.

Drawdown Indicators

	MYHE	IBHE	Difference
Max Drawdown Largest peak-to-trough decline	-2.28%	-26.91%	+24.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.51%	—
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-0.52%	-1.42%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.05%	—

Volatility

Volatility by Period

	MYHE	IBHE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.23%	0.74%	+4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.23%	4.87%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.23%	11.52%	-6.29%

MYHE vs. IBHE - Expense Ratio Comparison

MYHE has a 0.39% expense ratio, which is higher than IBHE's 0.35% expense ratio.

Dividends

MYHE vs. IBHE - Dividend Comparison

MYHE's dividend yield for the trailing twelve months is around 1.80%, while IBHE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBHE iShares iBonds 2025 Term High Yield & Income ETF	2.29%	4.53%	6.92%	7.17%	5.77%	4.84%	5.74%	3.73%
MYHE State Street My2031 High Yield Corporate Bond ETF	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, MYHE or IBHE?

On fees, IBHE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYHE or IBHE?

IBHE is cheaper with a 0.35% expense ratio, compared with 0.39% for MYHE.

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

IBHE has the higher dividend yield at 2.29%, compared with 1.80% for MYHE.

What is the main difference between MYHE and IBHE?

MYHE tracks ICE 2031 Maturity US High Yield Index, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.39% for MYHE and 0.35% for IBHE.