FLRN vs. BSCR
FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) and BSCR (Invesco BulletShares 2027 Corporate Bond ETF) are both Corporate Bonds funds - FLRN tracks the Bloomberg US Floating Rate Notes (<5 Y) while BSCR tracks the NASDAQ Bulletshares® USD Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, FLRN returned 4.19%/yr vs 1.41%/yr for BSCR. At a 0.09 correlation, their price movements are largely independent. FLRN charges 0.15%/yr vs 0.10%/yr for BSCR.
Performance
FLRN vs. BSCR - Performance Comparison
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Returns By Period
In the year-to-date period, FLRN achieves a 1.87% return, which is significantly higher than BSCR's 1.27% 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%
BSCR
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 1.27%
- 6M
- 1.69%
- 1Y
- 4.61%
- 3Y*
- 5.18%
- 5Y*
- 1.41%
- 10Y*
- —
FLRN vs. BSCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 1.39% | 0.47% |
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 1.27% | 5.77% | 4.52% | 6.41% | -9.56% | -1.72% | 9.68% | 14.88% | -2.63% | 0.81% |
Correlation
The correlation between FLRN and BSCR is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2017 | 0.09 |
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Return for Risk
FLRN vs. BSCR — Risk / Return Rank
FLRN
BSCR
FLRN vs. BSCR - 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 Invesco BulletShares 2027 Corporate Bond ETF (BSCR). 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 | BSCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +5.08 | ||
| Omega ratioGain probability vs. loss probability | 3.44 | 2.14 | +1.30 |
| Calmar ratioReturn relative to maximum drawdown | 21.54 | 11.08 | +10.46 |
| Martin ratioReturn relative to average drawdown | 130.06 | 46.99 | +83.07 |
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 | BSCR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.18 | 4.31 | +2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.50 | 0.35 | +2.15 |
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 | 0.59 | -0.09 |
Drawdowns
FLRN vs. BSCR - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, smaller than the maximum BSCR drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for FLRN and BSCR.
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Drawdown Indicators
| FLRN | BSCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.64% | -17.26% | +2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | -0.42% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -1.43% | -2.41% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | -14.87% | +12.71% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -3.35% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.10% | -0.06% |
Volatility
FLRN vs. BSCR - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is 0.15%, while Invesco BulletShares 2027 Corporate Bond ETF (BSCR) has a volatility of 0.19%. This indicates that FLRN experiences smaller price fluctuations and is considered to be less risky than BSCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRN | BSCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.19% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 0.59% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.68% | 1.08% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.69% | 4.09% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.20% | 5.35% | -1.15% |
FLRN vs. BSCR - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is higher than BSCR's 0.10% 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. BSCR - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 4.51%, more than BSCR's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 4.29% | 4.26% | 4.27% | 3.74% | 2.65% | 2.12% | 2.46% | 3.11% | 3.35% | 0.78% | 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 BSCR have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSCR has higher volatility (0.19%) compared to FLRN (0.15%). In terms of maximum drawdown, FLRN dropped -14.64% vs BSCR's -17.26%.
On 5-year performance, FLRN leads with 4.19% vs 1.41% for BSCR. On fees, BSCR is cheaper at 0.10% per year. Their volatility is very similar. 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 1.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCR is cheaper with a 0.10% expense ratio, compared with 0.15% for FLRN.
FLRN has the higher dividend yield at 4.51%, compared with 4.29% for BSCR.
FLRN tracks Bloomberg US Floating Rate Notes (<5 Y), while BSCR tracks NASDAQ Bulletshares® USD Corporate Bond 2027 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.15% for FLRN and 0.10% for BSCR.
FLRN currently has the higher Sharpe Ratio (7.18 vs 4.31), 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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