FLBL vs. MYHA

Last updated Jul 15, 2026

FLBL (Franklin Liberty Senior Loan ETF) and MYHA (State Street My2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. FLBL charges 0.45%/yr vs 0.39%/yr for MYHA.

Performance

FLBL vs. MYHA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty Senior Loan ETF (FLBL) and State Street My2027 High Yield Corporate Bond ETF (MYHA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FLBL

• 1D: -0.04%
• 1M: 0.86%
• 6M: 0.99%
• YTD: 1.34%
• 1Y: 1.74%
• 3Y*: 6.04%
• 5Y*: 5.37%
• 10Y*: —

MYHA

• 1D: 0.07%
• 1M: 0.28%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLBL vs. MYHA - Yearly Performance Comparison

	2026 (YTD)
FLBL Franklin Liberty Senior Loan ETF	3.13%
MYHA State Street My2027 High Yield Corporate Bond ETF	1.57%

Correlation

The correlation between FLBL and MYHA is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.24

Return for Risk

FLBL vs. MYHA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLBL

FLBL Risk / Return Rank: 20
FLBL Sharpe Ratio Rank: 23
FLBL Sortino Ratio Rank: 20
FLBL Omega Ratio Rank: 22
FLBL Calmar Ratio Rank: 17
FLBL Martin Ratio Rank: 20

MYHA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLBL vs. MYHA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Senior Loan ETF (FLBL) 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.

	FLBL	MYHA	Difference
Sharpe ratio: Return per unit of total volatility	0.65	—	—
Sortino ratio: Return per unit of downside risk	0.94	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.55	—	—
Martin ratio: Return relative to average drawdown	1.84	—	—

Drawdowns

FLBL vs. MYHA - Drawdown Comparison

The maximum FLBL drawdown since its inception was -19.52%, which is greater than MYHA's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for FLBL and MYHA.

Drawdown Indicators

	FLBL	MYHA	Difference
Max Drawdown Largest peak-to-trough decline	-19.52%	-0.69%	-18.83%
Max Drawdown (1Y) Largest decline over 1 year	-3.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.80%	—	—
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.99%	-0.11%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	FLBL	MYHA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.66%	1.83%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.85%	1.83%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.68%	1.83%	+3.85%

FLBL vs. MYHA - Expense Ratio Comparison

FLBL has a 0.45% expense ratio, which is higher than MYHA's 0.39% expense ratio.

Dividends

FLBL vs. MYHA - Dividend Comparison

FLBL's dividend yield for the trailing twelve months is around 7.54%, more than MYHA's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLBL Franklin Liberty Senior Loan ETF	7.54%	7.24%	8.05%	8.37%	5.53%	3.57%	3.22%	3.97%	2.21%
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%

Frequently Asked Questions

Can I hold both FLBL and MYHA in my portfolio?

FLBL and MYHA have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLBL or MYHA?

On fees, MYHA is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLBL or MYHA?

MYHA is cheaper with a 0.39% expense ratio, compared with 0.45% for FLBL.

Which ETF pays a higher dividend yield, FLBL or MYHA?

FLBL has the higher dividend yield at 7.54%, compared with 2.06% for MYHA.

What is the main difference between FLBL and MYHA?

They also come from different issuers: Franklin Templeton and State Street. Their fees differ too: 0.45% for FLBL and 0.39% for MYHA.