FLRN vs. VTIP
Compare and contrast key facts about SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
FLRN and VTIP 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. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. Both FLRN and VTIP 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 VTIP.
Performance
FLRN vs. VTIP - Performance Comparison
Returns By Period
In the year-to-date period, FLRN achieves a 5.68% return, which is significantly higher than VTIP's 4.61% return. Both investments have delivered pretty close results over the past 10 years, with FLRN having a 2.38% annualized return and VTIP not far ahead at 2.41%.
FLRN
5.68%
0.47%
2.87%
6.54%
2.98%
2.38%
VTIP
4.61%
-0.08%
3.01%
6.59%
3.53%
2.41%
Key characteristics
| FLRN | VTIP | |
|---|---|---|
| Sharpe Ratio | 7.71 | 3.15 |
| Sortino Ratio | 14.54 | 5.58 |
| Omega Ratio | 4.35 | 1.73 |
| Calmar Ratio | 14.49 | 4.96 |
| Martin Ratio | 180.72 | 24.40 |
| Ulcer Index | 0.04% | 0.27% |
| Daily Std Dev | 0.86% | 2.13% |
| Max Drawdown | -14.64% | -6.27% |
| Current Drawdown | 0.00% | -0.41% |
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FLRN vs. VTIP - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is higher than VTIP's 0.04% 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%.
Correlation
The correlation between FLRN and VTIP is 0.05, 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. VTIP - 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 Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 5.86%, more than VTIP's 3.38% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.38% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
FLRN vs. VTIP - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for FLRN and VTIP. For additional features, visit the drawdowns tool.
Volatility
FLRN vs. VTIP - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is 0.24%, while Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) has a volatility of 0.48%. This indicates that FLRN experiences smaller price fluctuations and is considered to be less risky than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.