A side-by-side comparison of SPDR SSGA My2027 Municipal Bond ETF (MYMG) and iShares Short-Term California Muni Active ETF (CALI) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | MYMG | CALI |
|---|---|---|
| YTD Return | +0.73%✓ | +0.17% |
| 1-Day Change | -0.08% | -0.07%✓ |
| 1-Week Change | +0.53%✓ | +0.17% |
| 1-Month Change | +0.73%✓ | +0.73% |
| Current Price | $24.74 | $50.25 |
| AUM | $9M | $701M✓ |
| MER (Expense Ratio) | — | 0.21% |
| Dividend Yield | 2.77%✓ | 2.58% |
| Distribution Frequency | — | — |
| Inception Date | 2024-09-23 | 2023-07-11 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | — | — |
| Category | US Municipal Bonds | US Municipal Bonds |
| Beta | 0.00 | -41.78 |
| 52-Week High | $24.77 | $50.98 |
| 52-Week Low | $24.03 | $49.28 |
| 50-Day MA | $24.66 | $50.06 |
| 200-Day MA | $24.69 | $50.37 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | MYMG | CALI |
|---|---|---|
| YTD | +0.73%✓ | +0.17% |
| 1 Year | +2.97%✓ | +1.97% |
| 3 Year | — | +3.00% |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 1.60% | 1.69% |
| Sharpe Ratio (3Y) | 0.00 | -1.17 |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | MYMG | CALI |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About MYMG
Under normal circumstances, SSGA Funds Management, Inc. (the "Adviser" or "SSGA FM") invests at least 80% of the fund"s net assets (plus borrowings for investment purposes) in investments the income of which is exempt from regular federal income tax. The fund primarily invests in municipal bonds maturing in the year 2027, which may include bonds with embedded issuer call options falling within that year. The fund is non-diversified.
About CALI
Under normal circumstances, the fund will primarily invest in U.S. dollar-denominated investment-grade short-term fixed- and floating-rate municipal securities issued by California with remaining maturities of five years or less, such as municipal bonds, municipal notes and variable rate demand obligations, as well as money market instruments and registered investment companies. The fund is non-diversified.
Which ETF is Right for You?
Both MYMG and CALI are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, MYMG scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between MYMG and CALI?
MYMG (SPDR SSGA My2027 Municipal Bond ETF) and CALI (iShares Short-Term California Muni Active ETF) are both Canadian-listed ETFs. Key differences include their AUM ($9M vs $701M), dividend yield (2.77% vs 2.58%), and year-to-date performance (+0.73% vs +0.17%).
Is MYMG better than CALI?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, MYMG has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy MYMG and CALI on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both MYMG and CALI should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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