FLRN vs. BOND
Compare and contrast key facts about SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and PIMCO Active Bond ETF (BOND).
FLRN and BOND 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. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Performance
FLRN vs. BOND - Performance Comparison
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FLRN vs. BOND - 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% |
BOND PIMCO Active Bond ETF | 0.10% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Returns By Period
In the year-to-date period, FLRN achieves a 0.77% return, which is significantly higher than BOND's 0.10% return. Over the past 10 years, FLRN has outperformed BOND with an annualized return of 2.98%, while BOND has yielded a comparatively lower 2.26% 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%
BOND
- 1D
- 0.12%
- 1M
- -1.53%
- YTD
- 0.10%
- 6M
- 1.30%
- 1Y
- 4.87%
- 3Y*
- 4.80%
- 5Y*
- 0.64%
- 10Y*
- 2.26%
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FLRN vs. BOND - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is lower than BOND's 0.54% expense ratio.
Return for Risk
FLRN vs. BOND — Risk / Return Rank
FLRN
BOND
FLRN vs. BOND - 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 PIMCO Active Bond ETF (BOND). 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 | BOND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.49 | 1.04 | +1.45 |
Sortino ratioReturn per unit of downside risk | 3.11 | 1.45 | +1.66 |
Omega ratioGain probability vs. loss probability | 2.05 | 1.19 | +0.86 |
Calmar ratioReturn relative to maximum drawdown | 3.21 | 1.58 | +1.63 |
Martin ratioReturn relative to average drawdown | 26.27 | 4.61 | +21.66 |
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 | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 1.04 | +1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.38 | 0.11 | +2.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.45 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.63 | -0.15 |
Correlation
The correlation between FLRN and BOND is 0.04, 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. BOND - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 4.65%, less than BOND's 5.18% 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% |
BOND PIMCO Active Bond ETF | 5.18% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
Drawdowns
FLRN vs. BOND - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for FLRN and BOND.
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Drawdown Indicators
| FLRN | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.64% | -19.71% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -3.29% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | -19.71% | +17.55% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -19.71% | +5.07% |
Current DrawdownCurrent decline from peak | -0.07% | -1.94% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -3.53% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 1.13% | -0.96% |
Volatility
FLRN vs. BOND - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is 0.36%, while PIMCO Active Bond ETF (BOND) has a volatility of 1.83%. This indicates that FLRN experiences smaller price fluctuations and is considered to be less risky than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRN | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 1.83% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 0.55% | 2.70% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.82% | 4.72% | -2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.69% | 5.73% | -4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 5.07% | -0.86% |