BSCR vs. FLRN
BSCR (Invesco BulletShares 2027 Corporate Bond ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds - BSCR tracks the NASDAQ Bulletshares® USD Corporate Bond 2027 Index while FLRN tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past 5 years, BSCR returned 1.41%/yr vs 4.19%/yr for FLRN. At a 0.09 correlation, their price movements are largely independent. BSCR charges 0.10%/yr vs 0.15%/yr for FLRN.
Performance
BSCR vs. FLRN - Performance Comparison
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Returns By Period
In the year-to-date period, BSCR achieves a 1.27% return, which is significantly lower than FLRN's 1.87% return.
BSCR
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 1.27%
- 6M
- 1.69%
- 1Y
- 4.61%
- 3Y*
- 5.18%
- 5Y*
- 1.41%
- 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%
BSCR vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 1.27% | 5.77% | 4.52% | 6.41% | -9.56% | -1.72% | 9.68% | 14.88% | -2.63% | 0.81% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 1.87% | 5.01% | 6.32% | 6.54% | 1.31% | 0.39% | 0.77% | 4.02% | 1.39% | 0.47% |
Correlation
The correlation between BSCR and FLRN is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2017 | 0.09 |
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Return for Risk
BSCR vs. FLRN — Risk / Return Rank
BSCR
FLRN
BSCR vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2027 Corporate Bond ETF (BSCR) 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.
| BSCR | FLRN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.31 | 7.18 | -2.87 |
Sortino ratioReturn per unit of downside risk | 8.11 | 13.18 | -5.08 |
Omega ratioGain probability vs. loss probability | 2.14 | 3.44 | -1.30 |
Calmar ratioReturn relative to maximum drawdown | 11.08 | 21.54 | -10.46 |
Martin ratioReturn relative to average drawdown | 46.99 | 130.06 | -83.07 |
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
| BSCR | FLRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.31 | 7.18 | -2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 2.50 | -2.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.50 | +0.09 |
Drawdowns
BSCR vs. FLRN - Drawdown Comparison
The maximum BSCR drawdown since its inception was -17.26%, which is greater than FLRN's maximum drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for BSCR and FLRN.
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Drawdown Indicators
| BSCR | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -14.64% | -2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -0.23% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -1.43% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -14.87% | -2.16% | -12.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -1.83% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 0.04% | +0.06% |
Volatility
BSCR vs. FLRN - Volatility Comparison
Invesco BulletShares 2027 Corporate Bond ETF (BSCR) has a higher volatility of 0.19% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.15%. This indicates that BSCR'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
| BSCR | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 0.15% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 0.59% | 0.52% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.08% | 0.68% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.09% | 1.69% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 4.20% | +1.15% |
BSCR vs. FLRN - Expense Ratio Comparison
BSCR 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
BSCR vs. FLRN - Dividend Comparison
BSCR's dividend yield for the trailing twelve months is around 4.29%, less than FLRN's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 4.29% | 4.26% | 4.27% | 3.74% | 2.65% | 2.12% | 2.46% | 3.11% | 3.35% | 0.78% | 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
BSCR and FLRN have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSCR has higher volatility (0.19%) compared to FLRN (0.15%). In terms of maximum drawdown, BSCR dropped -17.26% vs FLRN's -14.64%.
On 5-year performance, FLRN leads with 4.19% vs 1.41% for BSCR. On fees, BSCR is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLRN has performed better with a 4.19% return vs 1.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCR is cheaper with a 0.10% expense ratio, compared with 0.15% for FLRN.
FLRN has the higher dividend yield at 4.51%, compared with 4.29% for BSCR.
BSCR tracks NASDAQ Bulletshares® USD Corporate Bond 2027 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 BSCR and 0.15% for FLRN.
FLRN currently has the higher Sharpe Ratio (7.18 vs 4.31), 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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