SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN)

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SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is up 2.0% since the beginning of the year. FLRN is currently trading at $31 per share. Investors who bought $1,000 worth of FLRN shares 5 years ago would now be looking at an investment worth $1,229.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) has returned 2.03% so far this year and 4.78% over the past 12 months. Over the last ten years, FLRN has returned 3.04% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Dec 1, 2011, FLRN's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.

Historically, 78% of months were positive and 22% were negative. The best month was Feb 2012 with a return of +4.5%, while the worst month was Mar 2020 at -4.3%. The longest winning streak lasted 39 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FLRN closed higher 47% of trading days. The best single day was Jan 17, 2012 with a return of +8.2%, while the worst single day was Mar 18, 2020 at -7.2%.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF has an annualized alpha of 1.66%, beta of 0.07, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since December 01, 2011.

• This ETF captured 7.32% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.61%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.07 may look defensive, but with R2 of 0.05 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

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

FLRN ranks 99 for risk / return — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF provided a 4.50% dividend yield over the last twelve months, with an annual payout of $1.39 per share.

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.

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.

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.

The chart below shows the rolling one-month volatility.