SHAG vs. MYCG
SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and MYCG (State Street My2027 Corporate Bond ETF) are both exchange-traded funds - SHAG is a Short-Term Bond fund tracking the Bloomberg U.S. Short Aggregate Enhanced Yield Index, while MYCG is a Corporate Bonds fund actively managed by State Street. SHAG is passively managed, while MYCG is actively managed. Over the past year, SHAG returned 3.73% vs 4.64% for MYCG. A 0.77 correlation means they provide meaningful diversification when combined. SHAG charges 0.12%/yr vs 0.15%/yr for MYCG.
Performance
SHAG vs. MYCG - Performance Comparison
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Returns By Period
In the year-to-date period, SHAG achieves a 0.48% return, which is significantly lower than MYCG's 1.37% return.
SHAG
- 1D
- 0.07%
- 1M
- 0.03%
- YTD
- 0.48%
- 6M
- 0.81%
- 1Y
- 3.73%
- 3Y*
- 4.72%
- 5Y*
- 1.61%
- 10Y*
- —
MYCG
- 1D
- 0.04%
- 1M
- 0.38%
- YTD
- 1.37%
- 6M
- 1.82%
- 1Y
- 4.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHAG vs. MYCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.48% | 6.27% | -0.48% |
MYCG State Street My2027 Corporate Bond ETF | 1.37% | 5.85% | -0.23% |
Correlation
The correlation between SHAG and MYCG is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.77 |
The correlation between SHAG and MYCG has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.
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Return for Risk
SHAG vs. MYCG — Risk / Return Rank
SHAG
MYCG
SHAG vs. MYCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) and State Street My2027 Corporate Bond ETF (MYCG). 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.
| SHAG | MYCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -5.31 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 2.20 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 10.44 | -7.72 |
| Martin ratioReturn relative to average drawdown | 9.70 | 49.89 | -40.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHAG | MYCG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 4.66 | -2.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 2.77 | -1.93 |
Drawdowns
SHAG vs. MYCG - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, which is greater than MYCG's maximum drawdown of -0.86%. Use the drawdown chart below to compare losses from any high point for SHAG and MYCG.
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Drawdown Indicators
| SHAG | MYCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.62% | -0.86% | -8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -0.45% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | 0.00% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -0.14% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.09% | +0.30% |
Volatility
SHAG vs. MYCG - Volatility Comparison
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) has a higher volatility of 0.60% compared to State Street My2027 Corporate Bond ETF (MYCG) at 0.16%. This indicates that SHAG's price experiences larger fluctuations and is considered to be riskier than MYCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHAG | MYCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.16% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 0.52% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 1.01% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 1.50% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 1.50% | +1.08% |
SHAG vs. MYCG - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is lower than MYCG's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SHAG vs. MYCG - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.28%, which matches MYCG's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MYCG State Street My2027 Corporate Bond ETF | 4.29% | 4.28% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.28% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% |
Frequently Asked Questions
SHAG and MYCG have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHAG has higher volatility (0.60%) compared to MYCG (0.16%). In terms of maximum drawdown, SHAG dropped -9.62% vs MYCG's -0.86%.
On 1-year performance, MYCG leads with 4.64% vs 3.73% for SHAG. On fees, SHAG is cheaper at 0.12% per year. On volatility, MYCG has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MYCG has performed better with a 4.64% return vs 3.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHAG is cheaper with a 0.12% expense ratio, compared with 0.15% for MYCG.
MYCG has the higher dividend yield at 4.29%, compared with 4.28% for SHAG.
SHAG is categorized as Short-Term Bond, while MYCG is Corporate Bonds. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.12% for SHAG and 0.15% for MYCG.
MYCG currently has the higher Sharpe Ratio (4.66 vs 2.05), 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.
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