FLRN vs. BBBIX
Compare and contrast key facts about SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and BBH Limited Duration Fund (BBBIX).
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. BBBIX is managed by BBH. It was launched on Jul 20, 2000.
Performance
FLRN vs. BBBIX - Performance Comparison
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FLRN vs. BBBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 0.77% | 5.01% | 6.32% | 6.54% | 1.31% | 0.39% | 0.77% | 4.02% | 1.39% | 1.81% |
BBBIX BBH Limited Duration Fund | 0.23% | 5.62% | 6.79% | 7.63% | -1.42% | 1.06% | 2.85% | 4.39% | 2.07% | 2.51% |
Returns By Period
In the year-to-date period, FLRN achieves a 0.77% return, which is significantly higher than BBBIX's 0.23% return. Over the past 10 years, FLRN has underperformed BBBIX with an annualized return of 2.98%, while BBBIX has yielded a comparatively higher 3.39% annualized return.
FLRN
- 1D
- -0.07%
- 1M
- 0.09%
- YTD
- 0.77%
- 6M
- 1.91%
- 1Y
- 4.50%
- 3Y*
- 5.86%
- 5Y*
- 3.99%
- 10Y*
- 2.98%
BBBIX
- 1D
- 0.00%
- 1M
- -0.38%
- YTD
- 0.23%
- 6M
- 1.40%
- 1Y
- 4.45%
- 3Y*
- 6.17%
- 5Y*
- 3.83%
- 10Y*
- 3.39%
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FLRN vs. BBBIX - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is lower than BBBIX's 0.27% 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%.
Return for Risk
FLRN vs. BBBIX — Risk / Return Rank
FLRN
BBBIX
FLRN vs. BBBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and BBH Limited Duration Fund (BBBIX). 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.
| FLRN | BBBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.49 | 2.84 | -0.35 |
Sortino ratioReturn per unit of downside risk | 3.11 | 6.89 | -3.78 |
Omega ratioGain probability vs. loss probability | 2.05 | 2.20 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.21 | 7.75 | -4.54 |
Martin ratioReturn relative to average drawdown | 26.27 | 28.07 | -1.79 |
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
| FLRN | BBBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.84 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.38 | 2.52 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 2.33 | -1.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.47 | -0.98 |
Correlation
The correlation between FLRN and BBBIX 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.
Dividends
FLRN vs. BBBIX - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 4.65%, more than BBBIX's 4.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 4.65% | 4.89% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% |
BBBIX BBH Limited Duration Fund | 4.26% | 4.68% | 4.88% | 4.31% | 1.84% | 1.35% | 2.09% | 3.01% | 2.66% | 2.09% | 2.23% | 2.08% |
Drawdowns
FLRN vs. BBBIX - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, which is greater than BBBIX's maximum drawdown of -6.60%. Use the drawdown chart below to compare losses from any high point for FLRN and BBBIX.
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Drawdown Indicators
| FLRN | BBBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.64% | -6.60% | -8.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -0.57% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | -3.16% | +1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -6.60% | -8.04% |
Current DrawdownCurrent decline from peak | -0.07% | -0.48% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -0.47% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.16% | +0.01% |
Volatility
FLRN vs. BBBIX - Volatility Comparison
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) has a higher volatility of 0.36% compared to BBH Limited Duration Fund (BBBIX) at 0.30%. This indicates that FLRN's price experiences larger fluctuations and is considered to be riskier than BBBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRN | BBBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 0.30% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.55% | 1.04% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.82% | 1.61% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.69% | 1.52% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 1.46% | +2.75% |