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FLRN vs. FLOT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

FLRN vs. FLOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and iShares Floating Rate Bond ETF (FLOT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with FLRN having a 2.03% return and FLOT slightly lower at 2.01%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FLRN at 3.04% and FLOT at 3.04%.


FLRN

1D
0.00%
1M
0.35%
YTD
2.03%
6M
2.13%
1Y
4.78%
3Y*
5.58%
5Y*
4.22%
10Y*
3.04%

FLOT

1D
-0.02%
1M
0.31%
YTD
2.01%
6M
2.15%
1Y
4.74%
3Y*
5.59%
5Y*
4.22%
10Y*
3.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLRN vs. FLOT - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FLRN
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF
2.03%5.01%6.32%6.54%1.31%0.39%0.77%4.02%1.39%1.81%
FLOT
iShares Floating Rate Bond ETF
2.01%4.91%6.53%6.43%1.28%0.45%0.87%3.97%1.48%1.65%

Correlation

The correlation between FLRN and FLOT is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.53

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.48

Correlation (10Y)
Calculated over the trailing 10-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Dec 1, 2011

0.24

Over the past year, FLRN and FLOT have become more correlated (0.53) than their long-term average of 0.24, meaning their price movements have been converging.

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Return for Risk

FLRN vs. FLOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLRN
FLRN Risk / Return Rank: 9999
Overall Rank
FLRN Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
FLRN Sortino Ratio Rank: 9999
Sortino Ratio Rank
FLRN Omega Ratio Rank: 9999
Omega Ratio Rank
FLRN Calmar Ratio Rank: 9999
Calmar Ratio Rank
FLRN Martin Ratio Rank: 9999
Martin Ratio Rank

FLOT
FLOT Risk / Return Rank: 9898
Overall Rank
FLOT Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
FLOT Sortino Ratio Rank: 9999
Sortino Ratio Rank
FLOT Omega Ratio Rank: 9999
Omega Ratio Rank
FLOT Calmar Ratio Rank: 9797
Calmar Ratio Rank
FLOT Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLRN vs. FLOT - 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 iShares Floating Rate Bond ETF (FLOT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


FLRNFLOTDifference
Sharpe ratioReturn per unit of total volatility

+0.53

Sortino ratioReturn per unit of downside risk

+1.05

Omega ratioGain probability vs. loss probability

3.24

3.11

+0.13

Calmar ratioReturn relative to maximum drawdown

21.09

11.03

+10.05

Martin ratioReturn relative to average drawdown

124.77

102.10

+22.67

FLRN vs. FLOT - Sharpe Ratio Comparison

The current FLRN Sharpe Ratio is 6.89, which is comparable to the FLOT Sharpe Ratio of 6.36. The chart below compares the historical Sharpe Ratios of FLRN and FLOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

FLRN vs. FLOT - Drawdown Comparison

The maximum FLRN drawdown since its inception was -14.64%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for FLRN and FLOT.


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Drawdown Indicators


FLRNFLOTDifference

Max Drawdown

Largest peak-to-trough decline

-14.64%

-13.54%

-1.10%

Max Drawdown (1Y)

Largest decline over 1 year

-0.23%

-0.43%

+0.20%

Max Drawdown (3Y)

Largest decline over 3 years

-1.43%

-1.57%

+0.14%

Max Drawdown (5Y)

Largest decline over 5 years

-2.16%

-2.36%

+0.20%

Max Drawdown (10Y)

Largest decline over 10 years

-14.64%

-13.54%

-1.10%

Current Drawdown

Current decline from peak

0.00%

-0.02%

+0.02%

Average Drawdown

Average peak-to-trough decline

-1.82%

-0.21%

-1.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.04%

0.05%

-0.01%

Volatility

FLRN vs. FLOT - Volatility Comparison

SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and iShares Floating Rate Bond ETF (FLOT) have volatilities of 0.20% and 0.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FLRNFLOTDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.20%

0.21%

-0.01%

Volatility (6M)

Calculated over the trailing 6-month period

0.54%

0.63%

-0.09%

Volatility (1Y)

Calculated over the trailing 1-year period

0.70%

0.75%

-0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.69%

1.78%

-0.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.21%

4.15%

+0.06%

FLRN vs. FLOT - Expense Ratio Comparison

Both FLRN and FLOT have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Dividends

FLRN vs. FLOT - Dividend Comparison

FLRN's dividend yield for the trailing twelve months is around 4.50%, which matches FLOT's 4.53% yield.


PositionTTM20252024202320222021202020192018201720162015
FLOT
iShares Floating Rate Bond ETF
4.53%4.84%5.82%5.66%2.06%0.43%1.25%2.78%2.41%1.46%0.97%0.53%
FLRN
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF
4.50%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 FLOT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLOT has higher volatility (0.21%) compared to FLRN (0.20%). In terms of maximum drawdown, FLRN dropped -14.64% vs FLOT's -13.54%.

On 10-year performance, FLOT leads with 3.04% vs 3.04% for FLRN. Both ETFs have the same 0.15% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FLOT has performed better with a 3.04% return vs 3.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLRN and FLOT have the same expense ratio: 0.15% per year.

FLOT has the higher dividend yield at 4.53%, compared with 4.50% for FLRN.

FLRN is categorized as Corporate Bonds, while FLOT is Ultrashort Bond. FLRN tracks Bloomberg US Floating Rate Notes (<5 Y), while FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index. They also come from different issuers: State Street and iShares.

FLRN currently has the higher Sharpe Ratio (6.89 vs 6.36), 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.

Portfolio Optimizer

Find the right allocation for FLRN and FLOT

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