MYCL vs. FLDR

Last updated Jul 17, 2026

MYCL (State Street My2032 Corporate Bond ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both exchange-traded funds - MYCL is a Corporate Bonds fund actively managed by State Street, while FLDR is a Short-Term Bond fund tracking the Fidelity Low Duration Investment Grade Factor Index. MYCL is actively managed, while FLDR is passively managed. Over the past year, MYCL returned 4.96% vs 4.45% for FLDR. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.

Performance

MYCL vs. FLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2032 Corporate Bond ETF (MYCL) and Fidelity Low Duration Bond Factor ETF (FLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYCL achieves a 0.37% return, which is significantly lower than FLDR's 1.83% return.

MYCL

• 1D: -0.16%
• 1M: -0.29%
• 6M: 0.19%
• YTD: 0.37%
• 1Y: 4.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLDR

• 1D: 0.00%
• 1M: 0.17%
• 6M: 1.70%
• YTD: 1.83%
• 1Y: 4.45%
• 3Y*: 5.26%
• 5Y*: 3.72%
• 10Y*: —

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

MYCL vs. FLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYCL State Street My2032 Corporate Bond ETF	0.37%	9.03%	-2.95%
FLDR Fidelity Low Duration Bond Factor ETF	1.83%	5.41%	0.81%

Correlation

The correlation between MYCL and FLDR is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.71

The correlation between MYCL and FLDR has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

Return for Risk

MYCL vs. FLDR — Risk / Return Rank

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

MYCL

MYCL Risk / Return Rank: 44
MYCL Sharpe Ratio Rank: 45
MYCL Sortino Ratio Rank: 46
MYCL Omega Ratio Rank: 43
MYCL Calmar Ratio Rank: 43
MYCL Martin Ratio Rank: 41

FLDR

FLDR Risk / Return Rank: 98
FLDR Sharpe Ratio Rank: 99
FLDR Sortino Ratio Rank: 99
FLDR Omega Ratio Rank: 99
FLDR Calmar Ratio Rank: 98
FLDR Martin Ratio Rank: 98

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.

MYCL vs. FLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2032 Corporate Bond ETF (MYCL) and Fidelity Low Duration Bond Factor ETF (FLDR). 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.

	MYCL	FLDR	Difference
Sharpe ratio: Return per unit of total volatility	1.31	5.60	-4.30
Sortino ratio: Return per unit of downside risk	1.91	9.29	-7.38
Omega ratio: Gain probability vs. loss probability	1.23	2.61	-1.38
Calmar ratio: Return relative to maximum drawdown	1.80	9.56	-7.76
Martin ratio: Return relative to average drawdown	5.21	64.94	-59.72

MYCL vs. FLDR - Sharpe Ratio Comparison

The current MYCL Sharpe Ratio is 1.31, which is lower than the FLDR Sharpe Ratio of 5.60. The chart below compares the historical Sharpe Ratios of MYCL and FLDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MYCL vs. FLDR - Drawdown Comparison

The maximum MYCL drawdown since its inception was -4.39%, smaller than the maximum FLDR drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for MYCL and FLDR.

Drawdown Indicators

	MYCL	FLDR	Difference
Max Drawdown Largest peak-to-trough decline	-4.39%	-12.23%	+7.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-0.47%	-2.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-2.33%	—
Current Drawdown Current decline from peak	-1.33%	-0.03%	-1.30%
Average Drawdown Average peak-to-trough decline	-1.07%	-0.35%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.07%	+0.88%

Volatility

MYCL vs. FLDR - Volatility Comparison

State Street My2032 Corporate Bond ETF (MYCL) has a higher volatility of 1.21% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.21%. This indicates that MYCL's price experiences larger fluctuations and is considered to be riskier than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MYCL	FLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	0.21%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	3.05%	0.61%	+2.44%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	0.80%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.84%	1.21%	+3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.84%	5.23%	-0.39%

MYCL vs. FLDR - Expense Ratio Comparison

Both MYCL and FLDR 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

MYCL vs. FLDR - Dividend Comparison

MYCL's dividend yield for the trailing twelve months is around 4.66%, more than FLDR's 4.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLDR Fidelity Low Duration Bond Factor ETF	4.33%	4.66%	5.50%	5.28%	2.09%	0.51%	1.22%	2.69%	1.38%
MYCL State Street My2032 Corporate Bond ETF	4.66%	4.60%	1.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MYCL and FLDR in my portfolio?

MYCL and FLDR have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYCL or FLDR?

MYCL has higher volatility (1.21%) compared to FLDR (0.21%). In terms of maximum drawdown, MYCL dropped -4.39% vs FLDR's -12.23%.

Which ETF is better, MYCL or FLDR?

On 1-year performance, MYCL leads with 4.96% vs 4.45% for FLDR. Both ETFs have the same 0.15% expense ratio. On volatility, FLDR has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYCL or FLDR?

Over the 1-year period, MYCL has performed better with a 4.96% return vs 4.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYCL or FLDR?

MYCL and FLDR have the same expense ratio: 0.15% per year.

Which ETF pays a higher dividend yield, MYCL or FLDR?

MYCL has the higher dividend yield at 4.66%, compared with 4.33% for FLDR.

What is the main difference between MYCL and FLDR?

MYCL is categorized as Corporate Bonds, while FLDR is Short-Term Bond. They also come from different issuers: State Street and Fidelity.

Which has better risk-adjusted returns?

FLDR currently has the higher Sharpe Ratio (5.60 vs 1.31), 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.