FLRN vs. OVT
Compare and contrast key facts about SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and Overlay Shares Short Term Bond ETF (OVT).
FLRN and OVT 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. OVT is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 2021.
Performance
FLRN vs. OVT - Performance Comparison
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FLRN vs. OVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 0.77% | 5.01% | 6.32% | 6.54% | 1.31% | 0.23% |
OVT Overlay Shares Short Term Bond ETF | 1.31% | 7.61% | 7.44% | 7.73% | -9.68% | 2.07% |
Returns By Period
In the year-to-date period, FLRN achieves a 0.77% return, which is significantly lower than OVT's 1.31% 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%
OVT
- 1D
- 0.10%
- 1M
- -0.38%
- YTD
- 1.31%
- 6M
- 3.12%
- 1Y
- 8.35%
- 3Y*
- 7.26%
- 5Y*
- 3.07%
- 10Y*
- —
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FLRN vs. OVT - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is lower than OVT's 0.80% expense ratio.
Return for Risk
FLRN vs. OVT — Risk / Return Rank
FLRN
OVT
FLRN vs. OVT - 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 Overlay Shares Short Term Bond ETF (OVT). 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 | OVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.49 | 2.10 | +0.38 |
Sortino ratioReturn per unit of downside risk | 3.11 | 3.01 | +0.10 |
Omega ratioGain probability vs. loss probability | 2.05 | 1.42 | +0.63 |
Calmar ratioReturn relative to maximum drawdown | 3.21 | 4.35 | -1.14 |
Martin ratioReturn relative to average drawdown | 26.27 | 15.81 | +10.47 |
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 | OVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.10 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.38 | 0.67 | +1.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.65 | -0.16 |
Correlation
The correlation between FLRN and OVT is 0.14, 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. OVT - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 4.65%, less than OVT's 8.79% 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% |
OVT Overlay Shares Short Term Bond ETF | 8.79% | 7.21% | 6.15% | 5.11% | 4.12% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLRN vs. OVT - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, which is greater than OVT's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for FLRN and OVT.
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Drawdown Indicators
| FLRN | OVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.64% | -13.59% | -1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -1.94% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | -13.59% | +11.43% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.72% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -3.49% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.53% | -0.36% |
Volatility
FLRN vs. OVT - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is 0.36%, while Overlay Shares Short Term Bond ETF (OVT) has a volatility of 1.46%. This indicates that FLRN experiences smaller price fluctuations and is considered to be less risky than OVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRN | OVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 1.46% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.55% | 2.83% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.82% | 3.99% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.69% | 4.63% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 4.59% | -0.38% |