MYCJ vs. FCLO

Last updated Jun 24, 2026

MYCJ (State Street My2030 Corporate Bond ETF) and FCLO (Fidelity CLO ETF) are both exchange-traded funds - MYCJ is a Corporate Bonds fund actively managed by State Street, while FCLO is a CLO fund actively managed by Fidelity. Both are actively managed. At a correlation of -0.06, they often move in opposite directions. MYCJ charges 0.15%/yr vs 0.45%/yr for FCLO.

Performance

MYCJ vs. FCLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2030 Corporate Bond ETF (MYCJ) and Fidelity CLO ETF (FCLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MYCJ

• 1D: 0.12%
• 1M: 0.31%
• YTD: 0.29%
• 6M: 0.58%
• 1Y: 4.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FCLO

• 1D: -0.06%
• 1M: 0.34%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MYCJ vs. FCLO - Yearly Performance Comparison

	2026 (YTD)
MYCJ State Street My2030 Corporate Bond ETF	-0.10%
FCLO Fidelity CLO ETF	1.85%

Correlation

The correlation between MYCJ and FCLO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026	-0.06

Return for Risk

MYCJ vs. FCLO — Risk / Return Rank

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

MYCJ

MYCJ Risk / Return Rank: 49
MYCJ Sharpe Ratio Rank: 50
MYCJ Sortino Ratio Rank: 52
MYCJ Omega Ratio Rank: 49
MYCJ Calmar Ratio Rank: 48
MYCJ Martin Ratio Rank: 47

FCLO

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.

MYCJ vs. FCLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2030 Corporate Bond ETF (MYCJ) and Fidelity CLO ETF (FCLO). 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.

	MYCJ	FCLO	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.33	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.16	—	—
Martin ratio: Return relative to average drawdown	7.03	—	—

Drawdowns

MYCJ vs. FCLO - Drawdown Comparison

The maximum MYCJ drawdown since its inception was -3.29%, which is greater than FCLO's maximum drawdown of -0.58%. Use the drawdown chart below to compare losses from any high point for MYCJ and FCLO.

Drawdown Indicators

	MYCJ	FCLO	Difference
Max Drawdown Largest peak-to-trough decline	-3.29%	-0.58%	-2.71%
Max Drawdown (1Y) Largest decline over 1 year	-2.02%	—	—
Current Drawdown Current decline from peak	-0.87%	-0.08%	-0.79%
Average Drawdown Average peak-to-trough decline	-0.75%	-0.08%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	—	—

Volatility

Volatility by Period

	MYCJ	FCLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.80%	1.36%	+1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.65%	1.36%	+2.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.65%	1.36%	+2.29%

MYCJ vs. FCLO - Expense Ratio Comparison

MYCJ has a 0.15% expense ratio, which is lower than FCLO's 0.45% expense ratio.

Dividends

MYCJ vs. FCLO - Dividend Comparison

MYCJ's dividend yield for the trailing twelve months is around 4.65%, more than FCLO's 1.56% yield.

Position	TTM	2025	2024
FCLO Fidelity CLO ETF	1.56%	0.00%	0.00%
MYCJ State Street My2030 Corporate Bond ETF	4.65%	4.68%	1.21%

Frequently Asked Questions

Can I hold both MYCJ and FCLO in my portfolio?

MYCJ and FCLO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MYCJ or FCLO?

On fees, MYCJ is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYCJ or FCLO?

MYCJ is cheaper with a 0.15% expense ratio, compared with 0.45% for FCLO.

Which ETF pays a higher dividend yield, MYCJ or FCLO?

MYCJ has the higher dividend yield at 4.65%, compared with 1.56% for FCLO.

What is the main difference between MYCJ and FCLO?

MYCJ is categorized as Corporate Bonds, while FCLO is CLO. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.15% for MYCJ and 0.45% for FCLO.