MYHE vs. SCYB

Last updated Jun 5, 2026

MYHE (State Street My2031 High Yield Corporate Bond ETF) and SCYB (Schwab High Yield Bond ETF) are both High Yield Bonds funds - MYHE tracks the ICE 2031 Maturity US High Yield Index while SCYB tracks the ICE BofA US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. MYHE charges 0.39%/yr vs 0.03%/yr for SCYB.

Performance

MYHE vs. SCYB - 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 Schwab High Yield Bond ETF (SCYB). 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*: —

SCYB

• 1D: 0.21%
• 1M: 0.46%
• YTD: 1.76%
• 6M: 1.99%
• 1Y: 7.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MYHE vs. SCYB - Yearly Performance Comparison

	2026 (YTD)
MYHE State Street My2031 High Yield Corporate Bond ETF	1.20%
SCYB Schwab High Yield Bond ETF	0.79%

Correlation

The correlation between MYHE and SCYB is 0.85, 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	0.85

Return for Risk

MYHE vs. SCYB — Risk / Return Rank

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

SCYB

SCYB Risk / Return Rank: 62
SCYB Sharpe Ratio Rank: 57
SCYB Sortino Ratio Rank: 62
SCYB Omega Ratio Rank: 62
SCYB Calmar Ratio Rank: 59
SCYB Martin Ratio Rank: 71

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. SCYB - 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 Schwab High Yield Bond ETF (SCYB). 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	SCYB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.70	-0.87

Drawdowns

MYHE vs. SCYB - Drawdown Comparison

The maximum MYHE drawdown since its inception was -2.28%, smaller than the maximum SCYB drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for MYHE and SCYB.

Drawdown Indicators

	MYHE	SCYB	Difference
Max Drawdown Largest peak-to-trough decline	-2.28%	-4.92%	+2.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.44%	—
Current Drawdown Current decline from peak	-0.17%	-0.12%	-0.05%
Average Drawdown Average peak-to-trough decline	-0.59%	-0.52%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.54%	—

Volatility

Volatility by Period

	MYHE	SCYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.48%	3.75%	+1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.48%	5.13%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.48%	5.13%	+0.35%

MYHE vs. SCYB - Expense Ratio Comparison

MYHE has a 0.39% expense ratio, which is higher than SCYB's 0.03% expense ratio.

Dividends

MYHE vs. SCYB - Dividend Comparison

MYHE's dividend yield for the trailing twelve months is around 1.81%, less than SCYB's 6.92% yield.

Position	TTM	2025	2024	2023
MYHE State Street My2031 High Yield Corporate Bond ETF	1.81%	0.00%	0.00%	0.00%
SCYB Schwab High Yield Bond ETF	6.92%	6.99%	7.06%	3.36%

Frequently Asked Questions

Can I hold both MYHE and SCYB in my portfolio?

MYHE and SCYB have a correlation of 0.85, 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 SCYB?

On fees, SCYB is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYHE or SCYB?

SCYB is cheaper with a 0.03% expense ratio, compared with 0.39% for MYHE.

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

SCYB has the higher dividend yield at 6.92%, compared with 1.81% for MYHE.

What is the main difference between MYHE and SCYB?

MYHE tracks ICE 2031 Maturity US High Yield Index, while SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index. They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.39% for MYHE and 0.03% for SCYB.