FLRN vs. USFR
Compare and contrast key facts about SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
FLRN and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both FLRN and USFR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLRN or USFR.
Performance
FLRN vs. USFR - Performance Comparison
Returns By Period
In the year-to-date period, FLRN achieves a 5.72% return, which is significantly higher than USFR's 4.88% return. Both investments have delivered pretty close results over the past 10 years, with FLRN having a 2.38% annualized return and USFR not far ahead at 2.42%.
FLRN
5.72%
0.43%
2.87%
6.54%
2.99%
2.38%
USFR
4.88%
0.45%
2.46%
5.32%
2.52%
2.42%
Key characteristics
| FLRN | USFR | |
|---|---|---|
| Sharpe Ratio | 7.74 | 15.33 |
| Sortino Ratio | 14.58 | 56.08 |
| Omega Ratio | 4.41 | 13.95 |
| Calmar Ratio | 14.49 | 90.34 |
| Martin Ratio | 181.00 | 769.68 |
| Ulcer Index | 0.04% | 0.01% |
| Daily Std Dev | 0.85% | 0.35% |
| Max Drawdown | -14.64% | -1.36% |
| Current Drawdown | 0.00% | 0.00% |
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FLRN vs. USFR - Expense Ratio Comparison
Both FLRN and USFR 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%.
Correlation
The correlation between FLRN and USFR is 0.04, 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.
Risk-Adjusted Performance
FLRN vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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.
Dividends
FLRN vs. USFR - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 5.86%, more than USFR's 5.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 5.86% | 5.68% | 1.95% | 0.40% | 1.22% | 2.76% | 2.39% | 1.63% | 1.06% | 0.63% | 0.53% | 0.72% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.29% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLRN vs. USFR - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for FLRN and USFR. For additional features, visit the drawdowns tool.
Volatility
FLRN vs. USFR - Volatility Comparison
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) has a higher volatility of 0.22% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that FLRN's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.