FLSP vs. MYMG
FLSP (Franklin Liberty Systematic Style Premia ETF) and MYMG (State Street My2027 Municipal Bond ETF) are both exchange-traded funds - FLSP is a Long-Short fund actively managed by Franklin Templeton, while MYMG is a Municipal Bonds fund actively managed by State Street. Both are actively managed. Over the past year, FLSP returned 14.67% vs 3.89% for MYMG. At a 0.00 correlation, their price movements are largely independent. FLSP charges 0.65%/yr vs 0.20%/yr for MYMG.
Performance
FLSP vs. MYMG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FLSP having a 1.26% return and MYMG slightly lower at 1.20%.
FLSP
- 1D
- 0.04%
- 1M
- 1.15%
- YTD
- 1.26%
- 6M
- 3.45%
- 1Y
- 14.67%
- 3Y*
- 10.00%
- 5Y*
- 7.70%
- 10Y*
- —
MYMG
- 1D
- 0.02%
- 1M
- 0.37%
- YTD
- 1.20%
- 6M
- 1.48%
- 1Y
- 3.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLSP vs. MYMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLSP Franklin Liberty Systematic Style Premia ETF | 1.26% | 15.56% | 2.17% |
MYMG State Street My2027 Municipal Bond ETF | 1.20% | 2.64% | -0.18% |
Correlation
The correlation between FLSP and MYMG is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | 0.00 |
The correlation between FLSP and MYMG shifts across timeframes, from -0.16 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLSP vs. MYMG — Risk / Return Rank
FLSP
MYMG
FLSP vs. MYMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Systematic Style Premia ETF (FLSP) and State Street My2027 Municipal Bond ETF (MYMG). 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.
| FLSP | MYMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -5.78 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 2.38 | -1.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 10.94 | -7.28 |
| Martin ratioReturn relative to average drawdown | 10.59 | 36.03 | -25.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLSP | MYMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 4.80 | -3.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.07 | -0.77 |
Drawdowns
FLSP vs. MYMG - Drawdown Comparison
The maximum FLSP drawdown since its inception was -22.75%, which is greater than MYMG's maximum drawdown of -2.31%. Use the drawdown chart below to compare losses from any high point for FLSP and MYMG.
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Drawdown Indicators
| FLSP | MYMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.75% | -2.31% | -20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -4.03% | -0.36% | -3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.52% | — | — |
Current DrawdownCurrent decline from peak | -1.94% | 0.00% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -0.33% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.11% | +1.28% |
Volatility
FLSP vs. MYMG - Volatility Comparison
Franklin Liberty Systematic Style Premia ETF (FLSP) has a higher volatility of 1.98% compared to State Street My2027 Municipal Bond ETF (MYMG) at 0.18%. This indicates that FLSP's price experiences larger fluctuations and is considered to be riskier than MYMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLSP | MYMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 0.18% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 0.56% | +6.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 0.81% | +8.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 2.03% | +11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.53% | 2.03% | +11.50% |
FLSP vs. MYMG - Expense Ratio Comparison
FLSP has a 0.65% expense ratio, which is higher than MYMG's 0.20% expense ratio.
Dividends
FLSP vs. MYMG - Dividend Comparison
FLSP's dividend yield for the trailing twelve months is around 2.62%, less than MYMG's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FLSP Franklin Liberty Systematic Style Premia ETF | 2.62% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% |
MYMG State Street My2027 Municipal Bond ETF | 2.88% | 3.03% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLSP and MYMG have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLSP has higher volatility (1.98%) compared to MYMG (0.18%). In terms of maximum drawdown, FLSP dropped -22.75% vs MYMG's -2.31%.
On 1-year performance, FLSP leads with 14.67% vs 3.89% for MYMG. On fees, MYMG is cheaper at 0.20% per year. On volatility, MYMG has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FLSP has performed better with a 14.67% return vs 3.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MYMG is cheaper with a 0.20% expense ratio, compared with 0.65% for FLSP.
MYMG has the higher dividend yield at 2.88%, compared with 2.62% for FLSP.
FLSP is categorized as Long-Short, while MYMG is Municipal Bonds. They also come from different issuers: Franklin Templeton and State Street. Their fees differ too: 0.65% for FLSP and 0.20% for MYMG.
MYMG currently has the higher Sharpe Ratio (4.80 vs 1.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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