FLHY vs. MYHA
FLHY (Franklin Liberty High Yield Corporate ETF) and MYHA (State Street My2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. Both are actively managed. Their correlation of 0.87 means they have usually moved in the same direction. FLHY charges 0.40%/yr vs 0.39%/yr for MYHA.
Performance
FLHY vs. MYHA - Performance Comparison
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Returns By Period
FLHY
- 1D
- 0.22%
- 1M
- -0.09%
- 6M
- 1.24%
- YTD
- 2.22%
- 1Y
- 6.39%
- 3Y*
- 8.85%
- 5Y*
- 4.65%
- 10Y*
- —
- ALL TIME*
- 5.81%
MYHA
- 1D
- 0.10%
- 1M
- 0.28%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.93M | $6.71M | $5.79M | |
| $598.08 | $732.32 | $5.25K |
FLHY vs. MYHA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 1.12% |
MYHA State Street My2027 High Yield Corporate Bond ETF | 1.75% |
Correlation
The correlation between FLHY and MYHA is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026 | 0.87 |
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Return for Risk
FLHY vs. MYHA — Risk / Return Rank
FLHY
MYHA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLHY vs. MYHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) 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.
| FLHY | 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 | 2.64 | — | — |
| Martin ratioReturn relative to average drawdown | 12.35 | — | — |
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Drawdowns
FLHY vs. MYHA - Drawdown Comparison
The maximum FLHY drawdown since its inception was -22.58%, which is greater than MYHA's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for FLHY and MYHA.
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Drawdown Indicators
| FLHY | MYHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.58% | -0.69% | -21.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | 0.00% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -2.50% | -0.10% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | — | — |
Volatility
FLHY vs. MYHA - Volatility Comparison
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Volatility by Period
| FLHY | MYHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 1.73% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 1.73% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 1.73% | +6.31% |
FLHY vs. MYHA - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is higher than MYHA's 0.39% expense ratio.
Dividends
FLHY vs. MYHA - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.51%, more than MYHA's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.51% | 6.53% | 6.51% | 6.26% | 6.54% | 5.76% | 5.47% | 5.61% | 4.27% |
MYHA State Street My2027 High Yield Corporate Bond ETF | 2.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLHY and MYHA have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
MYHA is cheaper with a 0.39% expense ratio, compared with 0.40% for FLHY.
FLHY has the higher dividend yield at 6.51%, compared with 2.54% for MYHA.
They also come from different issuers: Franklin Templeton and State Street. Their fees differ too: 0.40% for FLHY and 0.39% for MYHA.
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