SHYG vs. MYHA
SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) and MYHA (State Street My2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. SHYG is passively managed, while MYHA is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. SHYG charges 0.30%/yr vs 0.39%/yr for MYHA.
Performance
SHYG vs. MYHA - Performance Comparison
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Returns By Period
SHYG
- 1D
- 0.14%
- 1M
- 0.24%
- 6M
- 1.54%
- YTD
- 1.97%
- 1Y
- 5.64%
- 3Y*
- 7.81%
- 5Y*
- 4.81%
- 10Y*
- 5.01%
MYHA
- 1D
- 0.07%
- 1M
- 0.28%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHYG vs. MYHA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 1.42% |
MYHA State Street My2027 High Yield Corporate Bond ETF | 1.57% |
Correlation
The correlation between SHYG and MYHA is 0.90, 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 | 0.90 |
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Return for Risk
SHYG vs. MYHA — Risk / Return Rank
SHYG
MYHA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SHYG vs. MYHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and State Street My2027 High Yield Corporate Bond ETF (MYHA). 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.
| SHYG | MYHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | — | — |
| Martin ratioReturn relative to average drawdown | 14.15 | — | — |
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Drawdowns
SHYG vs. MYHA - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.26%, which is greater than MYHA's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for SHYG and MYHA.
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Drawdown Indicators
| SHYG | MYHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -0.69% | -18.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -0.11% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | — | — |
Volatility
SHYG vs. MYHA - Volatility Comparison
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Volatility by Period
| SHYG | MYHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 1.83% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 1.83% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 1.83% | +4.56% |
SHYG vs. MYHA - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is lower than MYHA's 0.39% expense ratio.
Dividends
SHYG vs. MYHA - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 7.01%, more than MYHA's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MYHA State Street My2027 High Yield Corporate Bond ETF | 2.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.01% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
Frequently Asked Questions
SHYG and MYHA have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHYG is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHYG is cheaper with a 0.30% expense ratio, compared with 0.39% for MYHA.
SHYG has the higher dividend yield at 7.01%, compared with 2.06% for MYHA.
They also come from different issuers: iShares and State Street. Their fees differ too: 0.30% for SHYG and 0.39% for MYHA.
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