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SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN)

ETF · Currency in USD · Last updated Mar 18, 2023

FLRN is a passive ETF by State Street tracking the investment results of the Bloomberg US Floating Rate Notes (<5 Y). FLRN launched on Nov 30, 2011 and has a 0.15% expense ratio.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $11,810 for a total return of roughly 18.10%. All prices are adjusted for splits and dividends.


0.00%5.00%10.00%NovemberDecember2023FebruaryMarch
1.99%
6.48%
FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with FLRN

Popular comparisons: FLRN vs. FLOT, FLRN vs. TFLO, FLRN vs. USFR

Return

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF had a return of 0.51% year-to-date (YTD) and 2.33% in the last 12 months. Over the past 10 years, SPDR Bloomberg Barclays Investment Grade Floating Rate ETF had an annualized return of 1.27%, while the S&P 500 had an annualized return of 9.71%, indicating that SPDR Bloomberg Barclays Investment Grade Floating Rate ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-0.53%-5.31%
Year-To-Date0.51%2.01%
6 months1.67%0.39%
1 year2.33%-10.12%
5 years (annualized)1.58%7.32%
10 years (annualized)1.27%9.71%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20230.76%0.71%
2022-0.11%0.31%0.56%0.61%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Sharpe ratio is 0.89. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.501.001.502.002.50NovemberDecember2023FebruaryMarch
0.89
-0.43
FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF)
Benchmark (^GSPC)

Dividend History

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF granted a 2.87% dividend yield in the last twelve months. The annual payout for that period amounted to $0.87 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.87$0.59$0.12$0.37$0.85$0.73$0.50$0.32$0.19$0.16$0.22$0.49

Dividend yield

2.87%1.97%0.40%1.26%2.89%2.57%1.80%1.19%0.71%0.61%0.83%1.83%

Monthly Dividends

The table displays the monthly dividend distributions for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.16
2022$0.00$0.01$0.01$0.01$0.02$0.02$0.03$0.06$0.08$0.08$0.09$0.19
2021$0.00$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02
2020$0.00$0.06$0.05$0.05$0.04$0.04$0.03$0.02$0.02$0.02$0.02$0.03
2019$0.00$0.08$0.07$0.08$0.08$0.08$0.07$0.07$0.07$0.07$0.07$0.12
2018$0.00$0.04$0.04$0.05$0.05$0.06$0.07$0.07$0.07$0.07$0.07$0.14
2017$0.00$0.03$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.12
2016$0.00$0.02$0.02$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.07
2015$0.00$0.01$0.01$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.04
2014$0.00$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.03
2013$0.00$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.01$0.01$0.03
2012$0.05$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.06

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2023FebruaryMarch
-1.14%
-18.34%
FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the SPDR Bloomberg Barclays Investment Grade Floating Rate ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the SPDR Bloomberg Barclays Investment Grade Floating Rate ETF is 14.64%, recorded on Mar 18, 2020. It took 97 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-14.64%Feb 25, 202017Mar 18, 202097Aug 5, 2020114
-7.84%Jan 18, 20123Jan 23, 20121548May 9, 20181551
-2.16%Mar 10, 20234Mar 15, 2023
-1.46%Feb 10, 202288Jun 16, 202256Sep 7, 2022144
-0.89%Nov 14, 201815Dec 6, 201829Jan 18, 201944
-0.57%Sep 26, 202215Oct 14, 202217Nov 8, 202232
-0.23%Dec 2, 20112Dec 7, 20113Dec 15, 20115
-0.21%Oct 1, 202156Dec 20, 202133Feb 7, 202289
-0.17%Dec 22, 20111Dec 22, 20113Dec 29, 20114
-0.16%Sep 13, 20221Sep 13, 20224Sep 19, 20225

Volatility Chart

Current SPDR Bloomberg Barclays Investment Grade Floating Rate ETF volatility is 11.67%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
11.67%
21.17%
FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF)
Benchmark (^GSPC)

Alternatives


SymbolInceptionExpense RatioYTD Ret.10Y Ann. Ret.Div. YieldMax. DrawdownSharpe Ratio
FLOTJun 14, 20110.20%-0.1%1.2%2.9%-13.5%0.7