FLRN vs. BBCB
FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) and BBCB (JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - FLRN tracks the Bloomberg US Floating Rate Notes (<5 Y) while BBCB tracks the Bloomberg US Corporate Investment Grade. Both are passively managed. Over the past 5 years, FLRN returned 4.19%/yr vs 0.84%/yr for BBCB. At a 0.08 correlation, their price movements are largely independent. FLRN charges 0.15%/yr vs 0.09%/yr for BBCB.
Performance
FLRN vs. BBCB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLRN achieves a 1.87% return, which is significantly lower than BBCB's 2.82% return.
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%
BBCB
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 2.82%
- 6M
- 2.66%
- 1Y
- 8.37%
- 3Y*
- 5.98%
- 5Y*
- 0.84%
- 10Y*
- —
FLRN vs. BBCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.06% |
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 2.82% | 7.69% | 1.97% | 8.42% | -15.72% | -2.23% | 10.39% | 14.86% | 0.43% |
Correlation
The correlation between FLRN and BBCB is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLRN vs. BBCB — Risk / Return Rank
FLRN
BBCB
FLRN vs. BBCB - 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 JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB). 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 | BBCB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 7.18 | 1.71 | +5.48 |
Sortino ratioReturn per unit of downside risk | 13.18 | 2.79 | +10.39 |
Omega ratioGain probability vs. loss probability | 3.44 | 1.34 | +2.10 |
Calmar ratioReturn relative to maximum drawdown | 21.54 | 2.85 | +18.69 |
Martin ratioReturn relative to average drawdown | 130.06 | 10.09 | +119.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FLRN | BBCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.18 | 1.71 | +5.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.50 | 0.12 | +2.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.46 | +0.04 |
Drawdowns
FLRN vs. BBCB - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, smaller than the maximum BBCB drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for FLRN and BBCB.
Loading charts...
Drawdown Indicators
| FLRN | BBCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.64% | -22.48% | +7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | -2.95% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -1.43% | -6.46% | +5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | -22.32% | +20.16% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.34% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -6.66% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.83% | -0.79% |
Volatility
FLRN vs. BBCB - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is 0.15%, while JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) has a volatility of 1.41%. This indicates that FLRN experiences smaller price fluctuations and is considered to be less risky than BBCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLRN | BBCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 1.41% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 3.98% | -3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.68% | 4.93% | -4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.69% | 7.25% | -5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.20% | 7.50% | -3.30% |
FLRN vs. BBCB - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is higher than BBCB's 0.09% 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
FLRN vs. BBCB - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 4.51%, less than BBCB's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 7.15% | 5.02% | 5.22% | 4.22% | 3.39% | 3.47% | 4.59% | 5.25% | 0.20% | 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
FLRN and BBCB have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBCB has higher volatility (1.41%) compared to FLRN (0.15%). In terms of maximum drawdown, FLRN dropped -14.64% vs BBCB's -22.48%.
On 5-year performance, FLRN leads with 4.19% vs 0.84% for BBCB. On fees, BBCB is cheaper at 0.09% 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 5-year period, FLRN has performed better with a 4.19% return vs 0.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBCB is cheaper with a 0.09% expense ratio, compared with 0.15% for FLRN.
BBCB has the higher dividend yield at 7.15%, compared with 4.51% for FLRN.
FLRN tracks Bloomberg US Floating Rate Notes (<5 Y), while BBCB tracks Bloomberg US Corporate Investment Grade. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.15% for FLRN and 0.09% for BBCB.
FLRN currently has the higher Sharpe Ratio (7.18 vs 1.71), 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.
Find the right allocation for FLRN and BBCB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer