FLRN vs. VUBFX
Compare and contrast key facts about SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX).
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. VUBFX is managed by Vanguard. It was launched on Feb 24, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLRN or VUBFX.
Key characteristics
| FLRN | VUBFX | |
|---|---|---|
| YTD Return | 2.34% | 0.95% |
| 1Y Return | 6.82% | 4.75% |
| 3Y Return (Ann) | 3.44% | 1.89% |
| 5Y Return (Ann) | 2.66% | 1.98% |
| Sharpe Ratio | 6.56 | 3.82 |
| Daily Std Dev | 1.06% | 1.24% |
| Max Drawdown | -14.64% | -1.86% |
| Current Drawdown | 0.00% | -0.60% |
Correlation
The correlation between FLRN and VUBFX is 0.03, 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.
Performance
FLRN vs. VUBFX - Performance Comparison
In the year-to-date period, FLRN achieves a 2.34% return, which is significantly higher than VUBFX's 0.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLRN vs. VUBFX - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is lower than VUBFX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLRN vs. VUBFX - 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 Ultra-Short-Term Bond Fund Investor Shares (VUBFX). 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. VUBFX - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 5.33%, more than VUBFX's 4.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 5.33% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% | 0.53% | 0.72% |
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 4.23% | 4.05% | 1.28% | 0.53% | 1.52% | 2.58% | 2.13% | 1.43% | 0.98% | 0.49% | 0.00% | 0.00% |
Drawdowns
FLRN vs. VUBFX - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, which is greater than VUBFX's maximum drawdown of -1.86%. Use the drawdown chart below to compare losses from any high point for FLRN and VUBFX. For additional features, visit the drawdowns tool.
Volatility
FLRN vs. VUBFX - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is 0.15%, while Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) has a volatility of 0.50%. This indicates that FLRN experiences smaller price fluctuations and is considered to be less risky than VUBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.