MYCO vs. FLRN

Last updated Jun 6, 2026

MYCO (SPDR SSGA My2035 Corporate Bond ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds from State Street. MYCO is actively managed, while FLRN is passively managed. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.

Performance

MYCO vs. FLRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA My2035 Corporate Bond ETF (MYCO) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYCO achieves a -0.33% return, which is significantly lower than FLRN's 1.84% return.

MYCO

• 1D: -0.60%
• 1M: -0.82%
• YTD: -0.33%
• 6M: -0.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLRN

• 1D: 0.00%
• 1M: 0.35%
• YTD: 1.84%
• 6M: 2.12%
• 1Y: 4.85%
• 3Y*: 5.59%
• 5Y*: 4.19%
• 10Y*: 3.04%

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

MYCO vs. FLRN - Yearly Performance Comparison

	2026 (YTD)	2025
MYCO SPDR SSGA My2035 Corporate Bond ETF	-0.33%	0.84%
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF	1.84%	1.34%

Correlation

The correlation between MYCO and FLRN is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.18

Return for Risk

MYCO vs. FLRN — Risk / Return Rank

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

FLRN

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

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.

MYCO vs. FLRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA My2035 Corporate Bond ETF (MYCO) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MYCO	FLRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	7.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.50	-0.34

Drawdowns

MYCO vs. FLRN - Drawdown Comparison

The maximum MYCO drawdown since its inception was -3.25%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for MYCO and FLRN.

Drawdown Indicators

	MYCO	FLRN	Difference
Max Drawdown Largest peak-to-trough decline	-3.25%	-14.64%	+11.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-2.16%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.64%	—
Current Drawdown Current decline from peak	-1.98%	-0.03%	-1.95%
Average Drawdown Average peak-to-trough decline	-0.87%	-1.83%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.04%	—

Volatility

Volatility by Period

	MYCO	FLRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.68%	0.68%	+4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.68%	1.69%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	4.20%	+0.48%

MYCO vs. FLRN - Expense Ratio Comparison

Both MYCO and FLRN 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

MYCO vs. FLRN - Dividend Comparison

MYCO's dividend yield for the trailing twelve months is around 3.40%, less than FLRN's 4.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF	4.51%	4.89%	5.67%	5.68%	1.95%	0.39%	1.22%	2.76%	2.39%	1.64%	1.06%	0.63%
MYCO SPDR SSGA My2035 Corporate Bond ETF	3.40%	1.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MYCO and FLRN in my portfolio?

MYCO and FLRN 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.

Which ETF is better, MYCO or FLRN?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYCO or FLRN?

MYCO and FLRN have the same expense ratio: 0.15% per year.

Which ETF pays a higher dividend yield, MYCO or FLRN?

FLRN has the higher dividend yield at 4.51%, compared with 3.40% for MYCO.