BBBIX vs. FLRN
Compare and contrast key facts about BBH Limited Duration Fund (BBBIX) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN).
BBBIX is managed by BBH. It was launched on Jul 20, 2000. FLRN is a passively managed fund by State Street that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Nov 30, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBBIX or FLRN.
Performance
BBBIX vs. FLRN - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with BBBIX having a 5.82% return and FLRN slightly lower at 5.72%. Over the past 10 years, BBBIX has outperformed FLRN with an annualized return of 2.85%, while FLRN has yielded a comparatively lower 2.36% annualized return.
BBBIX
5.82%
0.40%
3.61%
7.73%
3.41%
2.85%
FLRN
5.72%
0.43%
2.84%
6.54%
2.99%
2.36%
Key characteristics
| BBBIX | FLRN | |
|---|---|---|
| Sharpe Ratio | 4.52 | 7.66 |
| Sortino Ratio | 12.23 | 14.43 |
| Omega Ratio | 3.15 | 4.38 |
| Calmar Ratio | 20.22 | 14.33 |
| Martin Ratio | 68.19 | 179.10 |
| Ulcer Index | 0.11% | 0.04% |
| Daily Std Dev | 1.71% | 0.85% |
| Max Drawdown | -6.60% | -14.64% |
| Current Drawdown | 0.00% | 0.00% |
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BBBIX vs. FLRN - Expense Ratio Comparison
BBBIX has a 0.27% 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%.
Correlation
The correlation between BBBIX and FLRN is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
BBBIX vs. FLRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BBH Limited Duration Fund (BBBIX) 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.
Dividends
BBBIX vs. FLRN - Dividend Comparison
BBBIX's dividend yield for the trailing twelve months is around 4.87%, less than FLRN's 5.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBIX BBH Limited Duration Fund | 4.87% | 4.29% | 2.37% | 1.46% | 2.30% | 3.01% | 2.67% | 2.09% | 2.23% | 2.11% | 1.57% | 1.60% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 5.86% | 5.68% | 1.95% | 0.40% | 1.22% | 2.76% | 2.39% | 1.63% | 1.06% | 0.63% | 0.53% | 0.72% |
Drawdowns
BBBIX vs. FLRN - Drawdown Comparison
The maximum BBBIX drawdown since its inception was -6.60%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for BBBIX and FLRN. For additional features, visit the drawdowns tool.
Volatility
BBBIX vs. FLRN - Volatility Comparison
BBH Limited Duration Fund (BBBIX) has a higher volatility of 0.58% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.22%. This indicates that BBBIX'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.