FLRN vs. ENFR
FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - FLRN is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes (<5 Y), while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. Both are passively managed. Over the past 10 years, FLRN returned 3.03%/yr vs 11.96%/yr for ENFR. At a 0.12 correlation, their price movements are largely independent. FLRN charges 0.15%/yr vs 0.35%/yr for ENFR.
Performance
FLRN vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, FLRN achieves a 1.87% return, which is significantly lower than ENFR's 24.60% return. Over the past 10 years, FLRN has underperformed ENFR with an annualized return of 3.03%, while ENFR has yielded a comparatively higher 11.96% annualized 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%
ENFR
- 1D
- 0.10%
- 1M
- -1.01%
- YTD
- 24.60%
- 6M
- 24.41%
- 1Y
- 25.40%
- 3Y*
- 27.99%
- 5Y*
- 19.91%
- 10Y*
- 11.96%
FLRN vs. ENFR - 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% | 1.81% |
ENFR Alerian Energy Infrastructure ETF | 24.60% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | -24.14% | 21.60% | -18.67% | -0.19% |
Correlation
The correlation between FLRN and ENFR is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2013 | 0.12 |
The correlation between FLRN and ENFR shifts across timeframes, from -0.12 (1 year) to 0.14 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLRN vs. ENFR — Risk / Return Rank
FLRN
ENFR
FLRN vs. ENFR - 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 Alerian Energy Infrastructure ETF (ENFR). 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 | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.44 | ||
| Sortino ratioReturn per unit of downside risk | +10.78 | ||
| Omega ratioGain probability vs. loss probability | 3.44 | 1.30 | +2.14 |
| Calmar ratioReturn relative to maximum drawdown | 21.54 | 2.95 | +18.59 |
| Martin ratioReturn relative to average drawdown | 130.06 | 8.06 | +122.01 |
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 | ENFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.18 | 1.75 | +5.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.50 | 1.04 | +1.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.49 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.34 | +0.16 |
Drawdowns
FLRN vs. ENFR - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for FLRN and ENFR.
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Drawdown Indicators
| FLRN | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.64% | -68.28% | +53.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | -8.64% | +8.41% |
Max Drawdown (3Y)Largest decline over 3 years | -1.43% | -15.58% | +14.15% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | -20.29% | +18.13% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -62.64% | +48.00% |
Current DrawdownCurrent decline from peak | 0.00% | -4.95% | +4.95% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -15.98% | +14.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 3.16% | -3.12% |
Volatility
FLRN vs. ENFR - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is 0.15%, while Alerian Energy Infrastructure ETF (ENFR) has a volatility of 6.18%. This indicates that FLRN experiences smaller price fluctuations and is considered to be less risky than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRN | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 6.18% | -6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 11.47% | -10.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.68% | 14.64% | -13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.69% | 19.30% | -17.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.20% | 24.69% | -20.49% |
FLRN vs. ENFR - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is lower than ENFR's 0.35% expense ratio.
Dividends
FLRN vs. ENFR - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 4.51%, more than ENFR's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 4.03% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
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 ENFR have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENFR has higher volatility (6.18%) compared to FLRN (0.15%). In terms of maximum drawdown, FLRN dropped -14.64% vs ENFR's -68.28%.
On 10-year performance, ENFR leads with 11.96% vs 3.03% for FLRN. On fees, FLRN is cheaper at 0.15% 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 10-year period, ENFR has performed better with a 11.96% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLRN is cheaper with a 0.15% expense ratio, compared with 0.35% for ENFR.
FLRN has the higher dividend yield at 4.51%, compared with 4.03% for ENFR.
FLRN is categorized as Corporate Bonds, while ENFR is Energy Equities. FLRN tracks Bloomberg US Floating Rate Notes (<5 Y), while ENFR tracks Alerian Midstream Energy Select Index. They also come from different issuers: State Street and SS&C. Their fees differ too: 0.15% for FLRN and 0.35% for ENFR.
FLRN currently has the higher Sharpe Ratio (7.18 vs 1.75), 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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