BSCP vs. FLRN

Last updated Jun 25, 2026

BSCP (Invesco BulletShares 2025 Corporate Bond ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds - BSCP tracks the NASDAQ BulletShares USD Corporate Bond 2025 Index while FLRN tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. At a 0.07 correlation, their price movements are largely independent. BSCP charges 0.10%/yr vs 0.15%/yr for FLRN.

Performance

BSCP vs. FLRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2025 Corporate Bond ETF (BSCP) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSCP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLRN

• 1D: 0.00%
• 1M: 0.35%
• YTD: 2.03%
• 6M: 2.10%
• 1Y: 4.71%
• 3Y*: 5.58%
• 5Y*: 4.22%
• 10Y*: 3.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSCP vs. FLRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSCP Invesco BulletShares 2025 Corporate Bond ETF	0.00%	4.19%	5.06%	5.11%	-5.99%	-1.37%	8.10%	12.76%	-1.90%	5.75%
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF	2.03%	5.01%	6.32%	6.54%	1.31%	0.39%	0.77%	4.02%	1.39%	1.81%

Correlation

The correlation between BSCP and FLRN is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015	0.07

Return for Risk

BSCP vs. FLRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSCP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FLRN

FLRN Risk / Return Rank: 99
FLRN Sharpe Ratio Rank: 99
FLRN Sortino Ratio Rank: 99
FLRN Omega Ratio Rank: 99
FLRN Calmar Ratio Rank: 99
FLRN Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSCP vs. FLRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Corporate Bond ETF (BSCP) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BSCP	FLRN	Difference
Sharpe ratio: Return per unit of total volatility	—	6.80	—
Sortino ratio: Return per unit of downside risk	—	12.34	—
Omega ratio: Gain probability vs. loss probability	—	3.21	—
Calmar ratio: Return relative to maximum drawdown	—	20.79	—
Martin ratio: Return relative to average drawdown	—	122.99	—

Drawdowns

Drawdown Indicators

	BSCP	FLRN	Difference
Max Drawdown Largest peak-to-trough decline	—	-14.64%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.23%	—
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 Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-1.82%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.04%	—

Volatility

Volatility by Period

	BSCP	FLRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.70%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.69%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.20%	—

BSCP vs. FLRN - Expense Ratio Comparison

BSCP has a 0.10% expense ratio, which is lower than FLRN's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BSCP vs. FLRN - Dividend Comparison

BSCP's dividend yield for the trailing twelve months is around 1.92%, less than FLRN's 4.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSCP Invesco BulletShares 2025 Corporate Bond ETF	1.92%	3.99%	3.96%	3.39%	2.24%	1.93%	2.42%	3.12%	3.26%	2.93%	2.94%	0.75%
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF	4.50%	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

Can I hold both BSCP and FLRN in my portfolio?

BSCP and FLRN have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSCP or FLRN?

On fees, BSCP is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSCP or FLRN?

BSCP is cheaper with a 0.10% expense ratio, compared with 0.15% for FLRN.

Which ETF pays a higher dividend yield, BSCP or FLRN?

FLRN has the higher dividend yield at 4.50%, compared with 1.92% for BSCP.

What is the main difference between BSCP and FLRN?

BSCP tracks NASDAQ BulletShares USD Corporate Bond 2025 Index, while FLRN tracks Bloomberg US Floating Rate Notes (<5 Y). They also come from different issuers: Invesco and State Street. Their fees differ too: 0.10% for BSCP and 0.15% for FLRN.