MYCG vs. FLOT
MYCG (State Street My2027 Corporate Bond ETF) and FLOT (iShares Floating Rate Bond ETF) are both exchange-traded funds - MYCG is a Corporate Bonds fund actively managed by State Street, while FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. MYCG is actively managed, while FLOT is passively managed. Over the past year, MYCG returned 4.43% vs 4.74% for FLOT. At a 0.15 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
MYCG vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, MYCG achieves a 1.50% return, which is significantly lower than FLOT's 2.01% return.
MYCG
- 1D
- 0.04%
- 1M
- 0.36%
- YTD
- 1.50%
- 6M
- 1.72%
- 1Y
- 4.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOT
- 1D
- -0.02%
- 1M
- 0.31%
- YTD
- 2.01%
- 6M
- 2.15%
- 1Y
- 4.74%
- 3Y*
- 5.59%
- 5Y*
- 4.22%
- 10Y*
- 3.04%
MYCG vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MYCG State Street My2027 Corporate Bond ETF | 1.50% | 5.85% | -0.23% |
FLOT iShares Floating Rate Bond ETF | 2.01% | 4.91% | 1.61% |
Correlation
The correlation between MYCG and FLOT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024 | 0.15 |
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Return for Risk
MYCG vs. FLOT — Risk / Return Rank
MYCG
FLOT
MYCG vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street My2027 Corporate Bond ETF (MYCG) and iShares Floating Rate Bond ETF (FLOT). 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.
| MYCG | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 2.20 | 3.11 | -0.91 |
| Calmar ratioReturn relative to maximum drawdown | 9.97 | 11.03 | -1.06 |
| Martin ratioReturn relative to average drawdown | 47.91 | 102.10 | -54.19 |
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Drawdowns
MYCG vs. FLOT - Drawdown Comparison
The maximum MYCG drawdown since its inception was -0.86%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for MYCG and FLOT.
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Drawdown Indicators
| MYCG | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.86% | -13.54% | +12.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -0.43% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.14% | -0.21% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 0.05% | +0.04% |
Volatility
MYCG vs. FLOT - Volatility Comparison
State Street My2027 Corporate Bond ETF (MYCG) and iShares Floating Rate Bond ETF (FLOT) have volatilities of 0.22% and 0.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MYCG | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 0.21% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.53% | 0.63% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.98% | 0.75% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.48% | 1.78% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.48% | 4.15% | -2.67% |
MYCG vs. FLOT - Expense Ratio Comparison
Both MYCG and FLOT have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
MYCG vs. FLOT - Dividend Comparison
MYCG's dividend yield for the trailing twelve months is around 4.28%, less than FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
MYCG State Street My2027 Corporate Bond ETF | 4.28% | 4.28% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MYCG and FLOT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MYCG has higher volatility (0.22%) compared to FLOT (0.21%). In terms of maximum drawdown, MYCG dropped -0.86% vs FLOT's -13.54%.
On 1-year performance, FLOT leads with 4.74% vs 4.43% for MYCG. Both ETFs have the same 0.15% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FLOT has performed better with a 4.74% return vs 4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MYCG and FLOT have the same expense ratio: 0.15% per year.
FLOT has the higher dividend yield at 4.53%, compared with 4.28% for MYCG.
MYCG is categorized as Corporate Bonds, while FLOT is Ultrashort Bond. They also come from different issuers: State Street and iShares.
FLOT currently has the higher Sharpe Ratio (6.36 vs 4.58), 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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