FLRN vs. BND
Compare and contrast key facts about SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and Vanguard Total Bond Market ETF (BND).
FLRN and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both FLRN and BND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLRN or BND.
Performance
FLRN vs. BND - Performance Comparison
Returns By Period
In the year-to-date period, FLRN achieves a 5.68% return, which is significantly higher than BND's 1.83% return. Over the past 10 years, FLRN has outperformed BND with an annualized return of 2.38%, while BND has yielded a comparatively lower 1.41% annualized return.
FLRN
5.68%
0.47%
2.87%
6.54%
2.98%
2.38%
BND
1.83%
-1.26%
2.96%
6.48%
-0.28%
1.41%
Key characteristics
| FLRN | BND | |
|---|---|---|
| Sharpe Ratio | 7.71 | 1.17 |
| Sortino Ratio | 14.54 | 1.71 |
| Omega Ratio | 4.35 | 1.20 |
| Calmar Ratio | 14.49 | 0.45 |
| Martin Ratio | 180.72 | 3.85 |
| Ulcer Index | 0.04% | 1.72% |
| Daily Std Dev | 0.86% | 5.66% |
| Max Drawdown | -14.64% | -18.84% |
| Current Drawdown | 0.00% | -8.96% |
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FLRN vs. BND - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is higher than BND's 0.03% 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%.
Correlation
The correlation between FLRN and BND is 0.02, 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.
Risk-Adjusted Performance
FLRN vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and Vanguard Total Bond Market ETF (BND). 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.
Dividends
FLRN vs. BND - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 5.86%, more than BND's 3.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 5.86% | 5.68% | 1.95% | 0.40% | 1.22% | 2.76% | 2.39% | 1.63% | 1.06% | 0.63% | 0.53% | 0.72% |
BND Vanguard Total Bond Market ETF | 3.57% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
FLRN vs. BND - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FLRN and BND. For additional features, visit the drawdowns tool.
Volatility
FLRN vs. BND - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is 0.24%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.53%. This indicates that FLRN experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.