SPHY vs. MYHA
SPHY (SPDR Portfolio High Yield Bond ETF) and MYHA (State Street My2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds from State Street. SPHY is passively managed, while MYHA is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. SPHY charges 0.05%/yr vs 0.39%/yr for MYHA.
Performance
SPHY vs. MYHA - Performance Comparison
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Returns By Period
SPHY
- 1D
- 0.17%
- 1M
- 0.21%
- 6M
- 1.54%
- YTD
- 2.06%
- 1Y
- 6.09%
- 3Y*
- 8.63%
- 5Y*
- 4.26%
- 10Y*
- 4.91%
MYHA
- 1D
- 0.07%
- 1M
- 0.28%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHY vs. MYHA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 1.12% |
MYHA State Street My2027 High Yield Corporate Bond ETF | 1.57% |
Correlation
The correlation between SPHY 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
SPHY vs. MYHA — Risk / Return Rank
SPHY
MYHA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPHY vs. MYHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) 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.
| SPHY | MYHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | — | — |
| Martin ratioReturn relative to average drawdown | 11.51 | — | — |
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Drawdowns
SPHY vs. MYHA - Drawdown Comparison
The maximum SPHY drawdown since its inception was -21.97%, which is greater than MYHA's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for SPHY and MYHA.
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Drawdown Indicators
| SPHY | MYHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.97% | -0.69% | -21.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.97% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | 0.00% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -0.11% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | — | — |
Volatility
SPHY vs. MYHA - Volatility Comparison
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Volatility by Period
| SPHY | MYHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 1.83% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 1.83% | +5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 1.83% | +6.01% |
SPHY vs. MYHA - Expense Ratio Comparison
SPHY has a 0.05% expense ratio, which is lower than MYHA's 0.39% expense ratio.
Dividends
SPHY vs. MYHA - Dividend Comparison
SPHY's dividend yield for the trailing twelve months is around 7.24%, 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% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.24% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Frequently Asked Questions
With a correlation of 0.90, SPHY and MYHA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPHY is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPHY is cheaper with a 0.05% expense ratio, compared with 0.39% for MYHA.
SPHY has the higher dividend yield at 7.24%, compared with 2.06% for MYHA.
Their fees differ too: 0.05% for SPHY and 0.39% for MYHA.
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