FIIG vs. FLRN
FIIG (First Trust Intermediate Duration Investment Grade Corporate ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds. FIIG is actively managed, while FLRN is passively managed. Over the past year, FIIG returned 5.17% vs 4.88% for FLRN. At a 0.10 correlation, their price movements are largely independent. FIIG charges 0.65%/yr vs 0.15%/yr for FLRN.
Performance
FIIG vs. FLRN - Performance Comparison
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Returns By Period
In the year-to-date period, FIIG achieves a -0.56% return, which is significantly lower than FLRN's 1.87% return.
FIIG
- 1D
- -0.17%
- 1M
- 0.08%
- YTD
- -0.56%
- 6M
- -0.47%
- 1Y
- 5.17%
- 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%
FIIG vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FIIG First Trust Intermediate Duration Investment Grade Corporate ETF | -0.56% | 8.80% | 2.15% | 6.83% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 1.87% | 5.01% | 6.32% | 2.55% |
Correlation
The correlation between FIIG and FLRN is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2023 | 0.10 |
The correlation between FIIG and FLRN shifts across timeframes, from 0.10 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FIIG vs. FLRN — Risk / Return Rank
FIIG
FLRN
FIIG vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) 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.
| FIIG | FLRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.06 | ||
| Sortino ratioReturn per unit of downside risk | -11.55 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 3.44 | -2.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 21.54 | -19.89 |
| Martin ratioReturn relative to average drawdown | 5.30 | 130.06 | -124.77 |
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
| FIIG | FLRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 7.18 | -6.06 |
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 | 1.03 | 0.50 | +0.53 |
Drawdowns
FIIG vs. FLRN - Drawdown Comparison
The maximum FIIG drawdown since its inception was -5.50%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for FIIG and FLRN.
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Drawdown Indicators
| FIIG | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -14.64% | +9.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -0.23% | -2.92% |
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 | -1.51% | 0.00% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -1.83% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.04% | +0.94% |
Volatility
FIIG vs. FLRN - Volatility Comparison
First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) has a higher volatility of 1.63% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.15%. This indicates that FIIG'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
| FIIG | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 0.15% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 0.52% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.61% | 0.68% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 1.69% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 4.20% | +1.71% |
FIIG vs. FLRN - Expense Ratio Comparison
FIIG has a 0.65% expense ratio, which is higher than FLRN's 0.15% expense ratio.
Dividends
FIIG vs. FLRN - Dividend Comparison
FIIG's dividend yield for the trailing twelve months is around 4.96%, more than FLRN's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIIG First Trust Intermediate Duration Investment Grade Corporate ETF | 4.96% | 4.76% | 4.45% | 1.72% | 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
FIIG and FLRN have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIIG has higher volatility (1.63%) compared to FLRN (0.15%). In terms of maximum drawdown, FIIG dropped -5.50% vs FLRN's -14.64%.
On 1-year performance, FIIG leads with 5.17% vs 4.88% for FLRN. 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, FIIG has performed better with a 5.17% return vs 4.88%. 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 0.65% for FIIG.
FIIG has the higher dividend yield at 4.96%, compared with 4.51% for FLRN.
They also come from different issuers: First Trust and State Street. Their fees differ too: 0.65% for FIIG and 0.15% for FLRN.
FLRN currently has the higher Sharpe Ratio (7.18 vs 1.13), 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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