MYMH vs. VTES

Last updated Jun 23, 2026

MYMH (State Street My2028 Municipal Bond ETF) and VTES (Vanguard Short-Term Tax-Exempt Bond ETF) are both Municipal Bonds funds. MYMH is actively managed, while VTES is passively managed. Over the past year, MYMH returned 3.65% vs 3.30% for VTES. A 0.64 correlation means they provide meaningful diversification when combined. MYMH charges 0.20%/yr vs 0.07%/yr for VTES.

Performance

MYMH vs. VTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2028 Municipal Bond ETF (MYMH) and Vanguard Short-Term Tax-Exempt Bond ETF (VTES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MYMH having a 0.77% return and VTES slightly lower at 0.75%.

MYMH

• 1D: 0.04%
• 1M: 0.40%
• YTD: 0.77%
• 6M: 0.87%
• 1Y: 3.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTES

• 1D: -0.01%
• 1M: 0.57%
• YTD: 0.75%
• 6M: 0.95%
• 1Y: 3.30%
• 3Y*: 3.09%
• 5Y*: —
• 10Y*: —

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

MYMH vs. VTES - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYMH State Street My2028 Municipal Bond ETF	0.77%	3.21%	-1.04%
VTES Vanguard Short-Term Tax-Exempt Bond ETF	0.75%	4.19%	-0.15%

Correlation

The correlation between MYMH and VTES is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.64

The correlation between MYMH and VTES has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.

Return for Risk

MYMH vs. VTES — Risk / Return Rank

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

MYMH

MYMH Risk / Return Rank: 84
MYMH Sharpe Ratio Rank: 89
MYMH Sortino Ratio Rank: 93
MYMH Omega Ratio Rank: 95
MYMH Calmar Ratio Rank: 80
MYMH Martin Ratio Rank: 62

VTES

VTES Risk / Return Rank: 71
VTES Sharpe Ratio Rank: 86
VTES Sortino Ratio Rank: 88
VTES Omega Ratio Rank: 93
VTES Calmar Ratio Rank: 47
VTES Martin Ratio Rank: 42

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.

MYMH vs. VTES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2028 Municipal Bond ETF (MYMH) and Vanguard Short-Term Tax-Exempt Bond ETF (VTES). 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.

	MYMH	VTES	Difference
Sharpe ratio: Return per unit of total volatility	2.88	2.67	+0.21
Sortino ratio: Return per unit of downside risk	4.46	3.85	+0.61
Omega ratio: Gain probability vs. loss probability	1.71	1.62	+0.10
Calmar ratio: Return relative to maximum drawdown	4.07	2.25	+1.82
Martin ratio: Return relative to average drawdown	10.87	6.47	+4.40

MYMH vs. VTES - Sharpe Ratio Comparison

The current MYMH Sharpe Ratio is 2.88, which is comparable to the VTES Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of MYMH and VTES, 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

MYMH vs. VTES - Drawdown Comparison

The maximum MYMH drawdown since its inception was -2.67%, which is greater than VTES's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for MYMH and VTES.

Drawdown Indicators

	MYMH	VTES	Difference
Max Drawdown Largest peak-to-trough decline	-2.67%	-2.42%	-0.25%
Max Drawdown (1Y) Largest decline over 1 year	-0.90%	-1.47%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.80%	—
Current Drawdown Current decline from peak	-0.40%	-0.53%	+0.13%
Average Drawdown Average peak-to-trough decline	-0.51%	-0.50%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	0.51%	-0.17%

Volatility

MYMH vs. VTES - Volatility Comparison

State Street My2028 Municipal Bond ETF (MYMH) and Vanguard Short-Term Tax-Exempt Bond ETF (VTES) have volatilities of 0.27% and 0.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MYMH	VTES	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.27%	0.27%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	0.91%	0.98%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	1.27%	1.24%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.59%	1.71%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.59%	1.71%	+0.88%

MYMH vs. VTES - Expense Ratio Comparison

MYMH has a 0.20% expense ratio, which is higher than VTES's 0.07% 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

MYMH vs. VTES - Dividend Comparison

MYMH's dividend yield for the trailing twelve months is around 2.91%, more than VTES's 2.75% yield.

Position	TTM	2025	2024	2023
MYMH State Street My2028 Municipal Bond ETF	2.91%	3.01%	0.88%	0.00%
VTES Vanguard Short-Term Tax-Exempt Bond ETF	2.75%	2.77%	2.99%	2.03%

Frequently Asked Questions

Can I hold both MYMH and VTES in my portfolio?

MYMH and VTES have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYMH or VTES?

VTES has higher volatility (0.27%) compared to MYMH (0.27%). In terms of maximum drawdown, MYMH dropped -2.67% vs VTES's -2.42%.

Which ETF is better, MYMH or VTES?

On 1-year performance, MYMH leads with 3.65% vs 3.30% for VTES. On fees, VTES is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYMH or VTES?

Over the 1-year period, MYMH has performed better with a 3.65% return vs 3.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYMH or VTES?

VTES is cheaper with a 0.07% expense ratio, compared with 0.20% for MYMH.

Which ETF pays a higher dividend yield, MYMH or VTES?

MYMH has the higher dividend yield at 2.91%, compared with 2.75% for VTES.

What is the main difference between MYMH and VTES?

They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.20% for MYMH and 0.07% for VTES.

Which has better risk-adjusted returns?

MYMH currently has the higher Sharpe Ratio (2.88 vs 2.67), 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.