MYMG vs. MUNY

Last updated Jun 23, 2026

MYMG (State Street My2027 Municipal Bond ETF) and MUNY (Vanguard New York Tax-Exempt Bond ETF) are both Municipal Bonds funds. MYMG is actively managed, while MUNY is passively managed. Over the past year, MYMG returned 3.74% vs 6.39% for MUNY. A 0.59 correlation means they provide meaningful diversification when combined. MYMG charges 0.20%/yr vs 0.09%/yr for MUNY.

Performance

MYMG vs. MUNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2027 Municipal Bond ETF (MYMG) and Vanguard New York Tax-Exempt Bond ETF (MUNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYMG achieves a 1.36% return, which is significantly lower than MUNY's 1.71% return.

MYMG

• 1D: 0.00%
• 1M: 0.43%
• YTD: 1.36%
• 6M: 1.46%
• 1Y: 3.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUNY

• 1D: -0.11%
• 1M: 1.41%
• YTD: 1.71%
• 6M: 1.78%
• 1Y: 6.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MYMG vs. MUNY - Yearly Performance Comparison

	2026 (YTD)	2025
MYMG State Street My2027 Municipal Bond ETF	1.36%	2.99%
MUNY Vanguard New York Tax-Exempt Bond ETF	1.71%	5.60%

Correlation

The correlation between MYMG and MUNY is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since May 22, 2025	0.59

The correlation between MYMG and MUNY has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.

Return for Risk

MYMG vs. MUNY — Risk / Return Rank

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

MYMG

MYMG Risk / Return Rank: 97
MYMG Sharpe Ratio Rank: 97
MYMG Sortino Ratio Rank: 98
MYMG Omega Ratio Rank: 98
MYMG Calmar Ratio Rank: 97
MYMG Martin Ratio Rank: 96

MUNY

MUNY Risk / Return Rank: 68
MUNY Sharpe Ratio Rank: 75
MUNY Sortino Ratio Rank: 78
MUNY Omega Ratio Rank: 87
MUNY Calmar Ratio Rank: 52
MUNY Martin Ratio Rank: 50

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.

MYMG vs. MUNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2027 Municipal Bond ETF (MYMG) and Vanguard New York Tax-Exempt Bond ETF (MUNY). 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.

	MYMG	MUNY	Difference
Sharpe ratio: Return per unit of total volatility	4.67	2.22	+2.45
Sortino ratio: Return per unit of downside risk	7.80	3.19	+4.61
Omega ratio: Gain probability vs. loss probability	2.36	1.50	+0.85
Calmar ratio: Return relative to maximum drawdown	10.52	2.38	+8.14
Martin ratio: Return relative to average drawdown	34.69	7.97	+26.71

MYMG vs. MUNY - Sharpe Ratio Comparison

The current MYMG Sharpe Ratio is 4.67, which is higher than the MUNY Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of MYMG and MUNY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MYMG vs. MUNY - Drawdown Comparison

The maximum MYMG drawdown since its inception was -2.31%, smaller than the maximum MUNY drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for MYMG and MUNY.

Drawdown Indicators

	MYMG	MUNY	Difference
Max Drawdown Largest peak-to-trough decline	-2.31%	-2.70%	+0.39%
Max Drawdown (1Y) Largest decline over 1 year	-0.36%	-2.70%	+2.34%
Current Drawdown Current decline from peak	0.00%	-0.29%	+0.29%
Average Drawdown Average peak-to-trough decline	-0.32%	-0.65%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.11%	0.80%	-0.69%

Volatility

MYMG vs. MUNY - Volatility Comparison

The current volatility for State Street My2027 Municipal Bond ETF (MYMG) is 0.20%, while Vanguard New York Tax-Exempt Bond ETF (MUNY) has a volatility of 0.75%. This indicates that MYMG experiences smaller price fluctuations and is considered to be less risky than MUNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MYMG	MUNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.20%	0.75%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	0.59%	2.35%	-1.76%
Volatility (1Y) Calculated over the trailing 1-year period	0.81%	2.90%	-2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.01%	3.86%	-1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.01%	3.86%	-1.85%

MYMG vs. MUNY - Expense Ratio Comparison

MYMG has a 0.20% expense ratio, which is higher than MUNY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MYMG vs. MUNY - Dividend Comparison

MYMG's dividend yield for the trailing twelve months is around 2.88%, less than MUNY's 3.10% yield.

Position	TTM	2025	2024
MUNY Vanguard New York Tax-Exempt Bond ETF	3.10%	1.80%	0.00%
MYMG State Street My2027 Municipal Bond ETF	2.88%	3.03%	0.89%

Frequently Asked Questions

Can I hold both MYMG and MUNY in my portfolio?

MYMG and MUNY have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYMG or MUNY?

MUNY has higher volatility (0.75%) compared to MYMG (0.20%). In terms of maximum drawdown, MYMG dropped -2.31% vs MUNY's -2.70%.

Which ETF is better, MYMG or MUNY?

On 1-year performance, MUNY leads with 6.39% vs 3.74% for MYMG. On fees, MUNY is cheaper at 0.09% per year. On volatility, MYMG has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYMG or MUNY?

Over the 1-year period, MUNY has performed better with a 6.39% return vs 3.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYMG or MUNY?

MUNY is cheaper with a 0.09% expense ratio, compared with 0.20% for MYMG.

Which ETF pays a higher dividend yield, MYMG or MUNY?

MUNY has the higher dividend yield at 3.10%, compared with 2.88% for MYMG.

What is the main difference between MYMG and MUNY?

They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.20% for MYMG and 0.09% for MUNY.

Which has better risk-adjusted returns?

MYMG currently has the higher Sharpe Ratio (4.67 vs 2.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.