36BA.DE vs. FLRN
36BA.DE (iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds - 36BA.DE tracks the Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged) while FLRN tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past 5 years, 36BA.DE returned -1.61%/yr vs 5.16%/yr for FLRN. At a correlation of -0.21, they often move in opposite directions. 36BA.DE charges 0.17%/yr vs 0.15%/yr for FLRN.
Performance
36BA.DE vs. FLRN - Performance Comparison
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Different Trading Currencies
36BA.DE is traded in EUR, while FLRN is traded in USD. To make them comparable, the FLRN values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 36BA.DE achieves a -0.71% return, which is significantly lower than FLRN's 3.00% return.
36BA.DE
- 1D
- 0.27%
- 1M
- 0.18%
- YTD
- -0.71%
- 6M
- -0.48%
- 1Y
- 2.78%
- 3Y*
- 2.93%
- 5Y*
- -1.61%
- 10Y*
- —
FLRN
- 1D
- -0.17%
- 1M
- 1.05%
- YTD
- 3.00%
- 6M
- 2.43%
- 1Y
- 3.09%
- 3Y*
- 2.77%
- 5Y*
- 5.16%
- 10Y*
- 2.81%
36BA.DE vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | -0.71% | 5.40% | 0.20% | 5.45% | -17.07% | -2.51% | 7.23% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 3.00% | -7.45% | 13.34% | 3.34% | 7.59% | 7.90% | -10.04% |
Correlation
The correlation between 36BA.DE and FLRN is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since May 15, 2020 | -0.21 |
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Return for Risk
36BA.DE vs. FLRN — Risk / Return Rank
36BA.DE
FLRN
36BA.DE vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 36BA.DE | FLRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 0.86 | +0.06 |
| Martin ratioReturn relative to average drawdown | 2.43 | 2.00 | +0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36BA.DE | FLRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.50 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.66 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.38 | -0.48 |
Drawdowns
36BA.DE vs. FLRN - Drawdown Comparison
The maximum 36BA.DE drawdown since its inception was -23.68%, which is greater than FLRN's maximum drawdown of -15.63%. Use the drawdown chart below to compare losses from any high point for 36BA.DE and FLRN.
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Drawdown Indicators
| 36BA.DE | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -15.63% | -8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -3.62% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -6.31% | -11.33% | +5.02% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -11.33% | -11.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.63% | — |
Current DrawdownCurrent decline from peak | -10.87% | -5.94% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -11.35% | -6.02% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.55% | -0.41% |
Volatility
36BA.DE vs. FLRN - Volatility Comparison
iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) has a higher volatility of 1.83% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 1.22%. This indicates that 36BA.DE's price experiences larger fluctuations and is considered to be riskier than FLRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BA.DE | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.22% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 4.19% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 6.22% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 7.81% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.86% | 8.49% | -1.63% |
36BA.DE vs. FLRN - Expense Ratio Comparison
36BA.DE has a 0.17% expense ratio, which is higher than FLRN's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36BA.DE vs. FLRN - Dividend Comparison
36BA.DE's dividend yield for the trailing twelve months is around 4.95%, more than FLRN's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | 4.95% | 4.73% | 4.75% | 4.15% | 2.94% | 1.76% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 4.51% | 4.89% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% |
Frequently Asked Questions
36BA.DE and FLRN have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLRN is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLRN is cheaper with a 0.15% expense ratio, compared with 0.17% for 36BA.DE.
36BA.DE tracks Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged), while FLRN tracks Bloomberg US Floating Rate Notes (<5 Y). They also come from different issuers: iShares and State Street. Their fees differ too: 0.17% for 36BA.DE and 0.15% for FLRN.
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