FLCOvsSPBOETF Comparison
VS
ETF 2
SPBO
State Street SPDR Portfolio Corporate Bond ETF
This fund is part of
US Corporate IG Bonds
+0.03%
Franklin Investment Grade Corporate ETF (FLCO) belongs to the Intl IG Bonds segment. State Street SPDR Portfolio Corporate Bond ETF (SPBO) is part of the US Corporate IG Bonds segment. FLCO's top 3 sector exposures are Finance, Industrials and Utilities. In contrast, SPBO's top sector exposures are Finance, Utilities and Technology. FLCO is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.03% for SPBO. FLCO is down -4.58% year-to-date (YTD) with +$8M in YTD flows. SPBO performs better with -1.61% YTD performance, and +$426M in YTD flows. Run a side-by-side ETF comparison of FLCO and SPBO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FLCO vs SPBO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLCO SPBO | -0.72%-0.30% | -3.24%-1.96% | -4.58%-1.61% | -5.87%-1.88% | +12.14%+18.92% | -10.84%-0.36% |
| Flows | FLCO SPBO | -$22M-$38M | -$34M+$92M | +$8M+$426M | -$47M+$490M | -$90M+$1.19B | -$280M+$1.82B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLCO SPBO | +4.81%+4.67% | +4.50%+4.25% | +5.40%+5.35% | +6.52%+6.63% |
| Max drawdown | FLCO SPBO | -4.60%-3.36% | -7.55%-4.52% | -7.55%-4.67% | -24.74%-21.96% |
| Max drawdown duration | FLCO SPBO | 89d89d | 353d229d | 353d280d | 1802d1436d |
Trading data
FLCO | SPBO | |
Last sale 10/19/2026 at 2:39 PM | $20.46 | $27.74 |
| Previous close 10/16/2026 | $20.53 | $27.78 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FLCO
is actively managed and doesn’t replicate an indexFLCO | SPBO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 2:39 PM
Live
Closed
FLCO | SPBO | |
|---|---|---|
| Last price | $20.46 | $27.74 |
| 1D performance | -0.34% | -0.14% |
| AuM | $529.36 M | $2.12 B |
| E/R | 0.35% | 0.03% |
Characteristics
FLCO | SPBO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | State Street Investment Management |
| Benchmark | - | Bloomberg U.S. Corporate Bond Index |
| N° of holdings | 216 | 4113 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 3, 2016 | April 6, 2011 |
| ESG | No | No |
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Exposure
Countries
FLCO
USA
81.78%
Other
18.22%
SPBO
USA
82.26%
Other
17.74%
Sectors
FLCO
Finance
42.58%
Industrials
9.79%
Utilities
8.59%
Healthcare
8.3%
Other
30.73%
SPBO
Finance
34.65%
Utilities
9.9%
Technology
9.66%
Healthcare
8.67%
Other
37.12%
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Diversification
FLCO
Total weight of top 15 holdings out of 15
17.61%
SPBO
Total weight of top 15 holdings out of 15
2.4%
Top 15 holdings
Data as of August 31, 2026
FLCO
Bank of America Corporation, 5.202% 25apr2029, USD (N)
1.36%
Morgan Stanley, 1.794% 13feb2032, USD (I)
1.35%
USA, Notes 4.125% 30jun2031, USD (AA-2031)
1.34%
Wells Fargo, 4.808% 25jul2028, USD (U)
1.32%
JP Morgan, 6.087% 23oct2029, USD
1.21%
Bank of America Corporation, 4.571% 27apr2033, USD (N)
1.18%
Citigroup, 3.668% 24jul2028, USD
1.17%
Citibank N.A., 4.914% 29may2030, USD
1.16%
JP Morgan, 2.963% 25jan2033, USD
1.15%
Morgan Stanley, 5.25% 21apr2034, USD (I)
1.10%
Goldman Sachs, 5.33% 23jul2035, USD
1.08%
Burlington Northern Santa Fe, 5.75% 1may2040, USD
1.08%
Sopaipilla Investor, 7.534% 30nov2048, USD
1.06%
Philip Morris International, 5.375% 15feb2033, USD
1.03%
UnitedHealth Group, 3.05% 15may2041, USD
1.01%
SPBO
Citigroup, 4.91% 24may2033, USD
0.20%
Bank of America Corporation, 7.75% 14may2038, USD
0.20%
Bank of America Corporation, 3.419% 20dec2028, USD
0.20%
JP Morgan, 5.576% 23jul2036, USD
0.18%
British American Tobacco, 7.079% 2aug2043, USD
0.18%
Anheuser-Busch, 4.9% 1feb2046, USD
0.16%
Meta Platforms, 4.6% 15nov2032, USD
0.16%
Bank of America Corporation, 3.97% 5mar2029, USD (M)
0.15%
Amazon.com, 4% 13mar2029, USD
0.15%
Goldman Sachs, 4.411% 23apr2039, USD
0.14%
CVS Health, 6% 1jun2044, USD
0.14%
Verizon Communications, 2.1% 22mar2028, USD
0.14%
T-Mobile USA, 3.875% 15apr2030, USD
0.14%
AbbVie, 4.8% 15mar2029, USD
0.13%
Goldman Sachs, 3.814% 23apr2029, USD
0.13%
Frequently asked questions about FLCO and SPBO
How have the FLCO and SPBO ETFs performed in 2026?
As of October 16, 2026, FLCO is down -4.58% year-to-date (YTD), while SPBO has lost -1.61%. That puts SPBO better performer ahead so far this year.
Which ETF is attracting more investor money: FLCO or SPBO?
Year-to-date, the FLCO ETF saw +$8M in flows, compared to +$426M for SPBO.
Which ETF is more volatile: FLCO or SPBO?
Over the past year, FLCO had a volatility of 4.5%, while SPBO experienced 4.25%.
Which ETF is bigger: FLCO or SPBO?
As of October 16, 2026, FLCO holds $529.36 M in assets under management (AUM), while SPBO manages $2.12 B.
What sectors do the FLCO and SPBO ETFs invest in?
FLCO leans toward sectors like Finance, Industrials and Utilities. Meanwhile, SPBO focuses on Finance, Utilities and Technology.
What are the top holdings of the FLCO ETF and SPBO ETF?
FLCO top holdings include Bank of America Corporation, 5.202% 25apr2029, USD (N), Morgan Stanley, 1.794% 13feb2032, USD (I) and USA, Notes 4.125% 30jun2031, USD (AA-2031). SPBO holds in its top three: Citigroup, 4.91% 24may2033, USD, Bank of America Corporation, 7.75% 14may2038, USD and Bank of America Corporation, 3.419% 20dec2028, USD.
Which ETF is more diversified: FLCO or SPBO?
FLCO holds 226 securities with 17.61% of its assets in the top 15. SPBO has 4241 securities and a top 15 weight of 2.4%.
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