FLRN vs. IBDR
FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) and IBDR (iShares iBonds Dec 2026 Term Corporate ETF) are both Corporate Bonds funds - FLRN tracks the Bloomberg US Floating Rate Notes (<5 Y) while IBDR tracks the Barclays December 2026 Maturity Corporate Index. Both are passively managed. Over the past 5 years, FLRN returned 4.19%/yr vs 1.50%/yr for IBDR. At a 0.05 correlation, their price movements are largely independent. FLRN charges 0.15%/yr vs 0.10%/yr for IBDR.
Performance
FLRN vs. IBDR - 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 IBDR's 1.44% 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%
IBDR
- 1D
- -0.04%
- 1M
- 0.25%
- YTD
- 1.44%
- 6M
- 1.80%
- 1Y
- 4.38%
- 3Y*
- 5.07%
- 5Y*
- 1.50%
- 10Y*
- —
FLRN vs. IBDR - 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% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.44% | 4.99% | 4.98% | 5.96% | -8.28% | -1.79% | 8.88% | 14.81% | -2.80% | 5.96% |
Correlation
The correlation between FLRN and IBDR is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
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 20, 2016 | 0.05 |
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Return for Risk
FLRN vs. IBDR — Risk / Return Rank
FLRN
IBDR
FLRN vs. IBDR - 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 iBonds Dec 2026 Term Corporate ETF (IBDR). 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 | IBDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 3.44 | 3.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 21.54 | 53.28 | -31.74 |
| Martin ratioReturn relative to average drawdown | 130.06 | 185.24 | -55.17 |
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 | IBDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.18 | 6.93 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.50 | 0.44 | +2.05 |
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 | 0.61 | -0.11 |
Drawdowns
FLRN vs. IBDR - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, smaller than the maximum IBDR drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for FLRN and IBDR.
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Drawdown Indicators
| FLRN | IBDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.64% | -16.06% | +1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | -0.08% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -1.43% | -1.08% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | -13.13% | +10.97% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -2.84% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.02% | +0.02% |
Volatility
FLRN vs. IBDR - Volatility Comparison
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR) have volatilities of 0.15% and 0.15%, 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
| FLRN | IBDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.15% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 0.34% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.68% | 0.64% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.69% | 3.40% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.20% | 4.86% | -0.66% |
FLRN vs. IBDR - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is higher than IBDR'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. IBDR - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 4.51%, more than IBDR's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.13% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% | 0.00% |
Frequently Asked Questions
FLRN and IBDR have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDR has higher volatility (0.15%) compared to FLRN (0.15%). In terms of maximum drawdown, FLRN dropped -14.64% vs IBDR's -16.06%.
On 5-year performance, FLRN leads with 4.19% vs 1.50% for IBDR. On fees, IBDR 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 1.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDR 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 4.13% for IBDR.
FLRN tracks Bloomberg US Floating Rate Notes (<5 Y), while IBDR tracks Barclays December 2026 Maturity Corporate Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for FLRN and 0.10% for IBDR.
FLRN currently has the higher Sharpe Ratio (7.18 vs 6.93), 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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