SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN)
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.
ETF Info
US78468R2004
78468R200
Nov 30, 2011
Developed Markets (Broad)
1x
Bloomberg US Floating Rate Notes (<5 Y)
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF had a return of 5.72% year-to-date (YTD) and 6.54% in the last 12 months. Over the past 10 years, SPDR Bloomberg Barclays Investment Grade Floating Rate ETF had an annualized return of 2.38%, while the S&P 500 had an annualized return of 11.16%, indicating that SPDR Bloomberg Barclays Investment Grade Floating Rate ETF did not perform as well as the benchmark.
FLRN
5.72%
0.43%
2.87%
6.54%
2.99%
2.38%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of FLRN, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.52% | 0.70% | 0.53% | 0.57% | 0.58% | 0.41% | 0.45% | 0.51% | 0.54% | 0.44% | 5.72% | ||
| 2023 | 0.76% | 0.71% | -0.43% | 0.90% | 0.77% | 0.54% | 0.52% | 0.51% | 0.50% | 0.39% | 0.57% | 0.61% | 6.54% |
| 2022 | 0.03% | -0.07% | -0.23% | -0.03% | -0.07% | -0.98% | 0.75% | 0.53% | -0.12% | 0.31% | 0.56% | 0.61% | 1.31% |
| 2021 | 0.23% | 0.01% | 0.00% | -0.03% | 0.17% | 0.00% | 0.00% | 0.03% | 0.09% | -0.04% | -0.10% | 0.03% | 0.40% |
| 2020 | 0.26% | 0.03% | -4.26% | 2.70% | 0.75% | 0.65% | 0.42% | 0.11% | 0.03% | 0.05% | 0.15% | 0.03% | 0.77% |
| 2019 | 0.82% | 0.35% | 0.40% | 0.33% | 0.22% | 0.31% | 0.27% | 0.17% | 0.36% | 0.24% | 0.18% | 0.29% | 4.03% |
| 2018 | 0.39% | 0.03% | 0.04% | 0.35% | 0.14% | 0.10% | 0.28% | 0.29% | 0.22% | 0.02% | -0.17% | -0.32% | 1.39% |
| 2017 | 0.29% | 0.08% | 0.21% | 0.12% | 0.12% | 0.11% | 0.21% | 0.00% | 0.23% | 0.21% | 0.11% | 0.11% | 1.81% |
| 2016 | 0.02% | -0.16% | 0.17% | 0.55% | 0.05% | -0.11% | 0.51% | -0.04% | 0.45% | -0.10% | 0.30% | 0.08% | 1.72% |
| 2015 | 0.03% | 0.17% | 0.21% | 0.25% | 0.18% | -0.08% | -0.20% | -0.34% | -0.04% | -0.01% | 0.35% | -0.07% | 0.44% |
| 2014 | -0.23% | 0.01% | 0.14% | -0.02% | 0.08% | 0.21% | 0.08% | 0.08% | -0.05% | -0.15% | 0.11% | -0.33% | -0.09% |
| 2013 | 0.29% | 0.39% | -0.28% | 0.60% | -0.71% | 0.50% | 0.03% | 0.21% | -0.12% | -0.32% | -0.02% | 0.18% | 0.75% |
Expense Ratio
FLRN has an expense ratio of 0.15%, which is considered low compared to other funds.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FLRN is 99, placing it in the top 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF provided a 5.86% dividend yield over the last twelve months, with an annual payout of $1.81 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.81 | $1.74 | $0.59 | $0.12 | $0.37 | $0.85 | $0.73 | $0.50 | $0.33 | $0.19 | $0.16 | $0.22 |
Dividend yield | 5.86% | 5.68% | 1.95% | 0.40% | 1.22% | 2.76% | 2.39% | 1.63% | 1.06% | 0.63% | 0.53% | 0.72% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.15 | $0.14 | $0.15 | $0.15 | $0.16 | $0.15 | $0.16 | $0.16 | $0.15 | $0.14 | $1.50 | |
| 2023 | $0.00 | $0.16 | $0.12 | $0.13 | $0.14 | $0.14 | $0.14 | $0.15 | $0.15 | $0.15 | $0.15 | $0.31 | $1.74 |
| 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 | $0.59 |
| 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 | $0.12 |
| 2020 | $0.00 | $0.06 | $0.05 | $0.05 | $0.05 | $0.04 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.37 |
| 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 | $0.85 |
| 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 | $0.73 |
| 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 | $0.50 |
| 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 | $0.33 |
| 2015 | $0.00 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.19 |
| 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 | $0.16 |
| 2013 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.03 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR Bloomberg Barclays Investment Grade Floating Rate ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR Bloomberg Barclays Investment Grade Floating Rate ETF was 14.64%, occurring on Mar 18, 2020. Recovery took 97 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.64% | Feb 25, 2020 | 17 | Mar 18, 2020 | 97 | Aug 5, 2020 | 114 |
| -7.84% | Jan 18, 2012 | 3 | Jan 23, 2012 | 1543 | May 2, 2018 | 1546 |
| -2.16% | Mar 10, 2023 | 4 | Mar 15, 2023 | 22 | Apr 17, 2023 | 26 |
| -1.46% | Feb 10, 2022 | 88 | Jun 16, 2022 | 56 | Sep 7, 2022 | 144 |
| -0.89% | Nov 14, 2018 | 15 | Dec 6, 2018 | 29 | Jan 18, 2019 | 44 |
Volatility
Volatility Chart
The current SPDR Bloomberg Barclays Investment Grade Floating Rate ETF volatility is 0.22%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.