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SPDR Bloomberg Barclays Investment Grade Floating ...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN)

ETF · Currency in USD · Last updated May 16, 2025

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

ISIN

US78468R2004

CUSIP

78468R200

Issuer

State Street

Inception Date

Nov 30, 2011

Region

Developed Markets (Broad)

Category

Corporate Bonds

Leveraged

1x

Index Tracked

Bloomberg US Floating Rate Notes (<5 Y)

Home Page

www.ssga.com

Asset Class

Bond

Expense Ratio

FLRN has an expense ratio of 0.15%, which is considered low.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Popular comparisons:
FLRN vs. FLOT FLRN vs. TFLO FLRN vs. SGOV FLRN vs. VUBFX FLRN vs. USFR FLRN vs. PRFRX FLRN vs. VTIP FLRN vs. BND FLRN vs. SPTS FLRN vs. BNDX
Popular comparisons:
FLRN vs. FLOT FLRN vs. TFLO FLRN vs. SGOV FLRN vs. VUBFX FLRN vs. USFR FLRN vs. PRFRX FLRN vs. VTIP FLRN vs. BND FLRN vs. SPTS FLRN vs. BNDX

Performance

Performance Chart

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Returns By Period

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) returned 1.70% year-to-date (YTD) and 5.36% over the past 12 months. Over the past 10 years, FLRN returned 2.55% annually, underperforming the S&P 500 benchmark at 10.79%.

FLRN

YTD

1.70%

1M

0.70%

6M

2.41%

1Y

5.36%

5Y*

3.59%

10Y*

2.55%

^GSPC (Benchmark)

YTD

0.60%

1M

9.64%

6M

-0.54%

1Y

11.47%

5Y*

15.67%

10Y*

10.79%

*Annualized

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.46%0.46%0.25%0.22%0.31%1.70%
20240.52%0.69%0.53%0.57%0.58%0.41%0.45%0.51%0.54%0.44%0.40%0.50%6.32%
20230.76%0.71%-0.43%0.90%0.77%0.54%0.52%0.51%0.50%0.39%0.57%0.61%6.54%
20220.03%-0.07%-0.23%-0.03%-0.07%-0.98%0.75%0.53%-0.11%0.32%0.56%0.61%1.31%
20210.23%0.01%0.00%-0.03%0.17%0.00%0.00%0.03%0.09%-0.04%-0.10%0.03%0.39%
20200.26%0.03%-4.26%2.70%0.75%0.65%0.42%0.11%0.03%0.05%0.15%0.02%0.77%
20190.82%0.35%0.40%0.33%0.21%0.32%0.27%0.17%0.36%0.24%0.18%0.29%4.03%
20180.39%0.03%0.04%0.35%0.14%0.10%0.28%0.29%0.22%0.02%-0.17%-0.32%1.39%
20170.29%0.08%0.20%0.12%0.12%0.11%0.21%0.00%0.24%0.20%0.11%0.12%1.82%
20160.02%-0.16%0.17%0.55%0.05%-0.11%0.51%-0.04%0.45%-0.10%0.30%0.08%1.72%
20150.03%0.18%0.21%0.25%0.18%-0.09%-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%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 98, FLRN is among the top 2% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of FLRN is 9898
Overall Rank
The Sharpe Ratio Rank of FLRN is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of FLRN is 9797
Sortino Ratio Rank
The Omega Ratio Rank of FLRN is 9999
Omega Ratio Rank
The Calmar Ratio Rank of FLRN is 9797
Calmar Ratio Rank
The Martin Ratio Rank of FLRN is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF Sharpe ratios as of May 16, 2025 (values are recalculated daily):

  • 1-Year: 2.86
  • 5-Year: 2.13
  • 10-Year: 0.60
  • All Time: 0.45

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of SPDR Bloomberg Barclays Investment Grade Floating Rate ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend History

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF provided a 5.42% dividend yield over the last twelve months, with an annual payout of $1.66 per share. The fund has been increasing its distributions for 3 consecutive years.

0.00%1.00%2.00%3.00%4.00%5.00%6.00%$0.00$0.50$1.00$1.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$1.66$1.74$1.74$0.59$0.12$0.37$0.85$0.73$0.50$0.32$0.19$0.16

Dividend yield

5.42%5.67%5.68%1.95%0.39%1.22%2.76%2.39%1.64%1.06%0.63%0.53%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.15$0.12$0.13$0.12$0.52
2024$0.00$0.15$0.14$0.15$0.15$0.15$0.15$0.15$0.16$0.15$0.14$0.24$1.74
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$0.04$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$0.32
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$0.19
2014$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.03$0.16

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.

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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, 202017Mar 18, 202097Aug 5, 2020114
-7.84%Jan 18, 20123Jan 23, 20121543May 2, 20181546
-2.16%Mar 10, 20234Mar 15, 202322Apr 17, 202326
-1.46%Feb 10, 202288Jun 16, 202256Sep 7, 2022144
-1.43%Apr 3, 20252Apr 4, 202514Apr 25, 202516

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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