MYMJ vs. VTES

Last updated Jun 5, 2026

MYMJ (State Street My2030 Municipal Bond ETF) and VTES (Vanguard Short-Term Tax-Exempt Bond ETF Shares) are both Municipal Bonds funds. MYMJ is actively managed, while VTES is passively managed. Over the past year, MYMJ returned 5.13% vs 3.63% for VTES. A 0.71 correlation means they provide meaningful diversification when combined. MYMJ charges 0.20%/yr vs 0.07%/yr for VTES.

Performance

MYMJ vs. VTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2030 Municipal Bond ETF (MYMJ) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYMJ achieves a 1.06% return, which is significantly higher than VTES's 0.71% return.

MYMJ

• 1D: 0.06%
• 1M: 0.42%
• YTD: 1.06%
• 6M: 1.41%
• 1Y: 5.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTES

• 1D: 0.05%
• 1M: 0.37%
• YTD: 0.71%
• 6M: 1.05%
• 1Y: 3.63%
• 3Y*: 3.21%
• 5Y*: —
• 10Y*: —

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

MYMJ vs. VTES - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYMJ State Street My2030 Municipal Bond ETF	1.06%	3.98%	-0.82%
VTES Vanguard Short-Term Tax-Exempt Bond ETF Shares	0.71%	4.19%	-0.14%

Correlation

The correlation between MYMJ and VTES is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.71

The correlation between MYMJ and VTES has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

Return for Risk

MYMJ vs. VTES — Risk / Return Rank

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

MYMJ

MYMJ Risk / Return Rank: 81
MYMJ Sharpe Ratio Rank: 91
MYMJ Sortino Ratio Rank: 94
MYMJ Omega Ratio Rank: 96
MYMJ Calmar Ratio Rank: 65
MYMJ Martin Ratio Rank: 60

VTES

VTES Risk / Return Rank: 74
VTES Sharpe Ratio Rank: 88
VTES Sortino Ratio Rank: 91
VTES Omega Ratio Rank: 94
VTES Calmar Ratio Rank: 51
VTES Martin Ratio Rank: 45

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.

MYMJ vs. VTES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2030 Municipal Bond ETF (MYMJ) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (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.

	MYMJ	VTES	Difference
Sharpe ratio: Return per unit of total volatility	3.07	2.94	+0.13
Sortino ratio: Return per unit of downside risk	4.85	4.25	+0.60
Omega ratio: Gain probability vs. loss probability	1.75	1.69	+0.05
Calmar ratio: Return relative to maximum drawdown	3.17	2.48	+0.69
Martin ratio: Return relative to average drawdown	10.54	7.33	+3.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MYMJ vs. VTES - Sharpe Ratio Comparison

The current MYMJ Sharpe Ratio is 3.07, which is comparable to the VTES Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of MYMJ 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.

Sharpe Ratios by Period

	MYMJ	VTES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.07	2.94	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	1.82	-0.96

Drawdowns

MYMJ vs. VTES - Drawdown Comparison

The maximum MYMJ drawdown since its inception was -3.11%, which is greater than VTES's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for MYMJ and VTES.

Drawdown Indicators

	MYMJ	VTES	Difference
Max Drawdown Largest peak-to-trough decline	-3.11%	-2.42%	-0.69%
Max Drawdown (1Y) Largest decline over 1 year	-1.63%	-1.47%	-0.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.80%	—
Current Drawdown Current decline from peak	-0.45%	-0.57%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.70%	-0.50%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	0.50%	-0.01%

Volatility

MYMJ vs. VTES - Volatility Comparison

State Street My2030 Municipal Bond ETF (MYMJ) has a higher volatility of 0.46% compared to Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) at 0.35%. This indicates that MYMJ's price experiences larger fluctuations and is considered to be riskier than VTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MYMJ	VTES	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	0.35%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	1.17%	0.97%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	1.69%	1.24%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.90%	1.72%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.90%	1.72%	+1.18%

MYMJ vs. VTES - Expense Ratio Comparison

MYMJ 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

MYMJ vs. VTES - Dividend Comparison

MYMJ's dividend yield for the trailing twelve months is around 2.96%, more than VTES's 2.75% yield.

Position	TTM	2025	2024	2023
MYMJ State Street My2030 Municipal Bond ETF	2.96%	3.02%	0.89%	0.00%
VTES Vanguard Short-Term Tax-Exempt Bond ETF Shares	2.75%	2.77%	2.99%	2.03%

Frequently Asked Questions

Can I hold both MYMJ and VTES in my portfolio?

MYMJ and VTES have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYMJ or VTES?

MYMJ has higher volatility (0.46%) compared to VTES (0.35%). In terms of maximum drawdown, MYMJ dropped -3.11% vs VTES's -2.42%.

Which ETF is better, MYMJ or VTES?

On 1-year performance, MYMJ leads with 5.13% vs 3.63% for VTES. On fees, VTES is cheaper at 0.07% per year. On volatility, VTES has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYMJ or VTES?

Over the 1-year period, MYMJ has performed better with a 5.13% return vs 3.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYMJ or VTES?

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

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

MYMJ has the higher dividend yield at 2.96%, compared with 2.75% for VTES.

What is the main difference between MYMJ and VTES?

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

Which has better risk-adjusted returns?

MYMJ currently has the higher Sharpe Ratio (3.07 vs 2.94), 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.