MYHE vs. SPYM

Last updated Jun 25, 2026

MYHE (State Street My2031 High Yield Corporate Bond ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - MYHE is a High Yield Bonds fund tracking the ICE 2031 Maturity US High Yield Index, while SPYM is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. MYHE charges 0.39%/yr vs 0.02%/yr for SPYM.

Performance

MYHE vs. SPYM - 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 State Street SPDR Portfolio S&P 500 ETF (SPYM). 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*: —

SPYM

• 1D: -0.10%
• 1M: -1.43%
• YTD: 8.09%
• 6M: 6.76%
• 1Y: 22.22%
• 3Y*: 20.73%
• 5Y*: 13.03%
• 10Y*: 15.60%

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

MYHE vs. SPYM - Yearly Performance Comparison

	2026 (YTD)
MYHE State Street My2031 High Yield Corporate Bond ETF	1.63%
SPYM State Street SPDR Portfolio S&P 500 ETF	6.32%

Correlation

The correlation between MYHE and SPYM is 0.81, 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 26, 2026	0.81

Return for Risk

MYHE vs. SPYM — Risk / Return Rank

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

MYHE

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

SPYM

SPYM Risk / Return Rank: 60
SPYM Sharpe Ratio Rank: 59
SPYM Sortino Ratio Rank: 58
SPYM Omega Ratio Rank: 59
SPYM Calmar Ratio Rank: 57
SPYM 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.

MYHE vs. SPYM - 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 State Street SPDR Portfolio S&P 500 ETF (SPYM). 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	SPYM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.80	—
Sortino ratio: Return per unit of downside risk	—	2.46	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.51	—
Martin ratio: Return relative to average drawdown	—	11.16	—

Drawdowns

MYHE vs. SPYM - Drawdown Comparison

The maximum MYHE drawdown since its inception was -2.28%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for MYHE and SPYM.

Drawdown Indicators

	MYHE	SPYM	Difference
Max Drawdown Largest peak-to-trough decline	-2.28%	-54.46%	+52.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.87%	—
Current Drawdown Current decline from peak	-0.22%	-3.25%	+3.03%
Average Drawdown Average peak-to-trough decline	-0.52%	-7.14%	+6.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.00%	—

Volatility

Volatility by Period

	MYHE	SPYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.23%	12.43%	-7.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.23%	16.90%	-11.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.23%	18.03%	-12.80%

MYHE vs. SPYM - Expense Ratio Comparison

MYHE has a 0.39% expense ratio, which is higher than SPYM's 0.02% expense ratio.

Dividends

MYHE vs. SPYM - Dividend Comparison

MYHE's dividend yield for the trailing twelve months is around 1.80%, more than SPYM's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%
SPYM State Street SPDR Portfolio S&P 500 ETF	1.30%	1.13%	1.28%	1.44%	1.69%	1.25%	1.54%	1.79%	2.23%	1.75%	1.97%	1.98%

Frequently Asked Questions

Can I hold both MYHE and SPYM in my portfolio?

MYHE and SPYM have a correlation of 0.81, 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 SPYM?

On fees, SPYM is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYHE or SPYM?

SPYM is cheaper with a 0.02% expense ratio, compared with 0.39% for MYHE.

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

MYHE has the higher dividend yield at 1.80%, compared with 1.30% for SPYM.

What is the main difference between MYHE and SPYM?

MYHE is categorized as High Yield Bonds, while SPYM is S&P 500. MYHE tracks ICE 2031 Maturity US High Yield Index, while SPYM tracks S&P 500 Index. Their fees differ too: 0.39% for MYHE and 0.02% for SPYM.