BBBS vs. FLRN
BBBS (Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both exchange-traded funds - BBBS is a Short-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 1-5 Year Index, while FLRN is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past year, BBBS returned 4.65% vs 4.88% for FLRN. At a 0.10 correlation, their price movements are largely independent. BBBS charges 0.19%/yr vs 0.15%/yr for FLRN.
Performance
BBBS vs. FLRN - Performance Comparison
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Returns By Period
In the year-to-date period, BBBS achieves a 0.75% return, which is significantly lower than FLRN's 1.87% return.
BBBS
- 1D
- 0.00%
- 1M
- 0.26%
- YTD
- 0.75%
- 6M
- 1.13%
- 1Y
- 4.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLRN
- 1D
- 0.03%
- 1M
- 0.45%
- YTD
- 1.87%
- 6M
- 2.19%
- 1Y
- 4.88%
- 3Y*
- 5.67%
- 5Y*
- 4.19%
- 10Y*
- 3.03%
BBBS vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 0.75% | 6.67% | 4.96% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 1.87% | 5.01% | 5.80% |
Correlation
The correlation between BBBS and FLRN is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024 | 0.10 |
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Return for Risk
BBBS vs. FLRN — Risk / Return Rank
BBBS
FLRN
BBBS vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) 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.
| BBBS | FLRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.69 | ||
| Sortino ratioReturn per unit of downside risk | -9.27 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 3.44 | -1.94 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 21.54 | -18.31 |
| Martin ratioReturn relative to average drawdown | 13.15 | 130.06 | -116.92 |
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
| BBBS | FLRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 7.18 | -4.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.50 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.36 | 0.50 | +1.87 |
Drawdowns
BBBS vs. FLRN - Drawdown Comparison
The maximum BBBS drawdown since its inception was -1.45%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for BBBS and FLRN.
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Drawdown Indicators
| BBBS | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.45% | -14.64% | +13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -0.23% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.64% | — |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -1.83% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.04% | +0.31% |
Volatility
BBBS vs. FLRN - Volatility Comparison
Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) has a higher volatility of 0.49% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.15%. This indicates that BBBS'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
| BBBS | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.15% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 0.52% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 0.68% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.24% | 1.69% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.24% | 4.20% | -1.96% |
BBBS vs. FLRN - Expense Ratio Comparison
BBBS has a 0.19% 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
BBBS vs. FLRN - Dividend Comparison
BBBS's dividend yield for the trailing twelve months is around 4.58%, more than FLRN's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 4.58% | 4.55% | 4.31% | 0.00% | 0.00% | 0.00% | 0.00% | 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
BBBS and FLRN have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBBS has higher volatility (0.49%) compared to FLRN (0.15%). In terms of maximum drawdown, BBBS dropped -1.45% vs FLRN's -14.64%.
On 1-year performance, FLRN leads with 4.88% vs 4.65% for BBBS. On fees, FLRN is cheaper at 0.15% per year. On volatility, FLRN has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FLRN has performed better with a 4.88% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLRN is cheaper with a 0.15% expense ratio, compared with 0.19% for BBBS.
BBBS has the higher dividend yield at 4.58%, compared with 4.51% for FLRN.
BBBS is categorized as Short-Term Bond, while FLRN is Corporate Bonds. BBBS tracks Bloomberg U.S. Corporate BBB 1-5 Year Index, while FLRN tracks Bloomberg US Floating Rate Notes (<5 Y). They also come from different issuers: BondBloxx and State Street. Their fees differ too: 0.19% for BBBS and 0.15% for FLRN.
FLRN currently has the higher Sharpe Ratio (7.18 vs 2.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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