FLRN vs. SPYM
FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - FLRN is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes (<5 Y), while SPYM is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, FLRN returned 3.03%/yr vs 15.62%/yr for SPYM. At a 0.10 correlation, their price movements are largely independent. FLRN charges 0.15%/yr vs 0.02%/yr for SPYM.
Performance
FLRN vs. SPYM - 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 SPYM's 10.98% return. Over the past 10 years, FLRN has underperformed SPYM with an annualized return of 3.03%, while SPYM has yielded a comparatively higher 15.62% 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%
SPYM
- 1D
- -0.66%
- 1M
- 5.06%
- YTD
- 10.98%
- 6M
- 10.98%
- 1Y
- 28.09%
- 3Y*
- 22.46%
- 5Y*
- 13.91%
- 10Y*
- 15.62%
FLRN vs. SPYM - 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% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 10.98% | 17.79% | 25.00% | 26.24% | -18.09% | 28.78% | 18.49% | 31.99% | -4.78% | 21.30% |
Correlation
The correlation between FLRN and SPYM is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011 | 0.10 |
Over the past year, FLRN and SPYM have become more correlated (0.37) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
FLRN vs. SPYM — Risk / Return Rank
FLRN
SPYM
FLRN vs. SPYM - 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 State Street SPDR Portfolio S&P 500 ETF (SPYM). 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 | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.79 | ||
| Sortino ratioReturn per unit of downside risk | +9.92 | ||
| Omega ratioGain probability vs. loss probability | 3.44 | 1.44 | +2.00 |
| Calmar ratioReturn relative to maximum drawdown | 21.54 | 3.17 | +18.37 |
| Martin ratioReturn relative to average drawdown | 130.06 | 14.76 | +115.31 |
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 | SPYM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.18 | 2.39 | +4.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.50 | 0.83 | +1.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.87 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.62 | -0.12 |
Drawdowns
FLRN vs. SPYM - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for FLRN and SPYM.
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Drawdown Indicators
| FLRN | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.64% | -54.46% | +39.82% |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | -8.90% | +8.67% |
Max Drawdown (3Y)Largest decline over 3 years | -1.43% | -18.72% | +17.29% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | -24.48% | +22.32% |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | -33.87% | +19.23% |
Current DrawdownCurrent decline from peak | 0.00% | -0.66% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -7.15% | +5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 1.91% | -1.87% |
Volatility
FLRN vs. SPYM - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is 0.15%, while State Street SPDR Portfolio S&P 500 ETF (SPYM) has a volatility of 2.83%. This indicates that FLRN experiences smaller price fluctuations and is considered to be less risky than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRN | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 2.83% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 8.90% | -8.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.68% | 11.80% | -11.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.69% | 16.80% | -15.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.20% | 18.00% | -13.80% |
FLRN vs. SPYM - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is higher than SPYM's 0.02% 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. SPYM - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 4.51%, more than SPYM's 1.00% 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% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.00% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
Frequently Asked Questions
FLRN and SPYM have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYM has higher volatility (2.83%) compared to FLRN (0.15%). In terms of maximum drawdown, FLRN dropped -14.64% vs SPYM's -54.46%.
On 10-year performance, SPYM leads with 15.62% vs 3.03% for FLRN. On fees, SPYM is cheaper at 0.02% 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, SPYM has performed better with a 15.62% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYM is cheaper with a 0.02% expense ratio, compared with 0.15% for FLRN.
FLRN has the higher dividend yield at 4.51%, compared with 1.00% for SPYM.
FLRN is categorized as Corporate Bonds, while SPYM is S&P 500. FLRN tracks Bloomberg US Floating Rate Notes (<5 Y), while SPYM tracks S&P 500 Index. Their fees differ too: 0.15% for FLRN and 0.02% for SPYM.
FLRN currently has the higher Sharpe Ratio (7.18 vs 2.39), 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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