MYCL vs VBCB: Grades, Fees and Holdings Compared

State Street My2032 Corporate Bond ETF

MYCLFNasdaq

Vanguard Target Maturity 2028 Corporate Bond ETF

VBCBANasdaq

Overlap

No data

Expense ratio

VBCB −0.07pt a year

MYCL0.15%VBCB0.08%

Avg volume · 30D

VBCB 8.4×the volume

MYCL3.2KVBCB26.8K

MYCL vs VBCB Performance

Aug 7, 2026 – Nov 9, 2026

−0.8%MYCL+0.5%VBCB

Expense ratio: MYCL 0.15%; VBCB 0.08%, better
Fund size: MYCL $12M; VBCB $117M
1Y total return: MYCL +0.3%; VBCB No data
Yield (12M): MYCL 4.78%; VBCB No data
Holdings: MYCL 112; VBCB 667
Avg volume (30D): MYCL 3.2K sh; VBCB 26.8K sh, better
NAV per share: MYCL $23.87; VBCB $75.01
52W range

ETF.net Grade

Pillar letters and Scores for MYCL, VBCB, with each pillar’s weight
Pillar	MYCL	VBCB
Cost30% weight	F11	A89Higher
Mission25% weight	Not scored	A100
Risk15% weight	C41	A88Higher
Tradability15% weight	D35	C40Higher
Holdings10% weight	D29	A84Higher
Durability5% weight	D26	C54Higher

Rank among Defined-Maturity Investment Grade Corporate funds

How we build Categories ›

Same Category. MYCL and VBCB are both graded against the same 42 Defined-Maturity Investment Grade Corporate funds, so their Grades compare head to head.

Defined-Maturity Investment Grade Corporate⁠

Category · 42 funds

See all 42 ›

VBCB ranks 1st and MYCL 42nd of 42 funds in the Defined-Maturity Investment Grade Corporate Category.

Rank 1AVBCBVanguard Target Maturity 2028 Corporate Bond ETFScore 81
Rank 2AVBCCVanguard Target Maturity 2029 Corporate Bond ETFScore 78
Rank 41DMYCJState Street My2030 Corporate Bond ETFScore 30
Rank 42FMYCLState Street My2032 Corporate Bond ETFScore 25

Our read on each fund

ETF.net Research

MYCLFState Street My2032 Corporate Bond ETF

VBCBAVanguard Target Maturity 2028 Corporate Bond ETF

In short

MYCL A corporate bond fund with an expiration date: it holds bonds maturing in 2032, then winds up around December 15, 2032 and pays out what is left. The twist is that State Street runs this rung actively rather than by index rulebook.

VBCB Vanguard finally showed up to the bond-ladder party. VBCB owns U.S. investment-grade corporate bonds that all mature in 2028, and it undercuts the typical target-maturity rung on fees.

Stated mandate

MYCL The fund uses an actively managed target-maturity strategy focused primarily on corporate bonds maturing in 2032, with liquidation planned around December 15, 2032 after distributing remaining principal.

VBCB The fund seeks to track a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds that mature in 2028.

Why people hold it

MYCL Behaves like a bond you can trade: corporate bonds maturing in 2032, liquidation planned for around December 15, 2032, remaining principal distributed to holders.ssga.com
Actively managed target-maturity strategy with the ICE 2032 Maturity US Corporate Index as its reference point, so a manager makes the credit calls inside a fixed maturity year.
Pays monthly, and the credit risk sits across roughly a hundred corporate bonds instead of one issuer's balance sheet.

VBCB Charges 0.08% a year, below the 0.10% typical for target-maturity bond funds and below the iBonds and BulletShares rungs (IBDU, BSCT, BSCU) it lines up against.
Every bond in the index is dollar-denominated investment grade maturing in 2028: one rung of a bond ladder in one ticker, with income paid quarterly.
A plain market-weighted ICE index run through Vanguard's index plumbing, and one of the stronger builds in the target-maturity bond group.

Worth knowing

MYCL 0.15% a year is above the big index rungs (IBDU and BSCT at 0.10%, VBCB at 0.08%). The active hand is what the extra buys.
Small and lightly traded next to the entrenched ladder franchises, which can mean wider spreads at the point of trade.
Launched in 2024, so the track record is short and the strategy has not yet run through a full credit cycle.

VBCB Launched in 2026 and still small, it trades thinly, so spreads can run wider than on the long-established corporate ladders.
Corporate credit, not Treasuries. Investment grade lowers the odds of trouble, but downgrades and defaults stay in the mix.
One maturity year, not a whole curve. This is a rung, not a stand-in for a broad bond fund.

Full MYCL profile⁠

Full VBCB profile⁠

MYCL vs VBCB Holdings

How MYCL and VBCB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile83.9%
Asset classBonds100%
Sector1 Sector100%

Sector

Sector weights in MYCL and VBCB, widest gap first
Sector	More in MYCLMore in VBCB	Gap	MYCL	VBCB
Corporate		Same weight	100.0%	100.0%

Country, concentration and asset class

Country by domicile

Country weights in MYCL and VBCB, widest gap first
Country	Gap	MYCL	VBCB
United States	MYCL +9.3 points	89.9%	80.6%
Luxembourg	MYCL +5.0 points	5.0%	0.0%
Canada	VBCB +4.6 points	0.2%	4.8%
Japan	VBCB +3.3 points	0.0%	3.3%
United Kingdom	VBCB +2.8 points	2.1%	4.9%
Australia	VBCB +2.0 points	0.0%	2.0%
Hong Kong	MYCL +1.7 points	1.7%	0.0%
Germany	VBCB +1.0 points	0.0%	0.9%
Other countries (8)	VBCB +2.3 points	1.2%	3.5%

Concentration

Weight in the 10 largest Holdings

MYCL24.3%
VBCB6.2%

Securities held

MYCL110
VBCB662

Asset class

MYCL: Bonds
VBCB: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. MYCL holds 110 securities, VBCB 662.

All 112 MYCL holdings⁠All 664 VBCB holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MYCL vs VBCB Cost

Overpaying MYCL vs VBCB

$1,448

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

MYCL 0.15%
$3,137
VBCB 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

MYCL 0.15%
VBCB 0.08%
Overpaying

Year by year

Year	MYCL	VBCB	Overpaying
10	$274	$147	$127
20	$1,071	$575	$496
30	$3,137	$1,689	$1,448

Expense ratio

0.15%MYCL
0.08%VBCB, cheaper

VBCB0.08%MYCL0.15%

0.08%0.15%

Middle half of Defined-Maturity Investment Grade Corporate funds
Median 0.10%

VBCB cheapest of 42 funds

MYCL 33rd cheapest of 42 funds

MYCL vs VBCB Dividends

Last 12 months to Nov 9, 2026

Yield (12M): MYCL 4.78%; VBCB No data
Payout (12M): MYCL $1.14; VBCB No data
Last payment: MYCL $0.10; VBCB $0.26
Ex-dividend: MYCL Nov 2, 2026; VBCB Nov 2, 2026
Paid on: MYCL Nov 5, 2026; VBCB Nov 4, 2026
Frequency: MYCL Monthly; VBCB Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

MYCLMonthly · 26 paymentsAll MYCL payments⁠

VBCBMonthly · 7 paymentsAll VBCB payments⁠

MYCL vs VBCB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: MYCL 4.2%since Oct 2024VBCB No data
Return per unit of riskSharpe ratio, 3 years: MYCL −0.38since Oct 2024VBCB No data
Worst fallMax drawdown, 5 years: MYCL −4.3%since Sep 2024VBCB No data
Market sensitivityBeta, 5 years: MYCL 0.13VBCB 0.05; Market = 1

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