FLRN vs. XHYH
Compare and contrast key facts about SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) and BondBloxx US High Yield Healthcare Sector ETF (XHYH).
FLRN and XHYH 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. XHYH is a passively managed fund by BondBloxx that tracks the performance of the ICE Diversified US Cash Pay High Yield Healthcare Index. It was launched on Feb 15, 2022. Both FLRN and XHYH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLRN vs. XHYH - Performance Comparison
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FLRN vs. XHYH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 0.77% | 5.01% | 6.32% | 6.54% | 1.21% |
XHYH BondBloxx US High Yield Healthcare Sector ETF | 0.14% | 10.30% | 9.65% | 12.93% | -12.71% |
Returns By Period
In the year-to-date period, FLRN achieves a 0.77% return, which is significantly higher than XHYH's 0.14% 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%
XHYH
- 1D
- 0.47%
- 1M
- -0.80%
- YTD
- 0.14%
- 6M
- 1.93%
- 1Y
- 9.21%
- 3Y*
- 9.08%
- 5Y*
- —
- 10Y*
- —
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FLRN vs. XHYH - Expense Ratio Comparison
FLRN has a 0.15% expense ratio, which is lower than XHYH's 0.35% expense ratio.
Return for Risk
FLRN vs. XHYH — Risk / Return Rank
FLRN
XHYH
FLRN vs. XHYH - 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 BondBloxx US High Yield Healthcare Sector ETF (XHYH). 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 | XHYH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.49 | 1.20 | +1.29 |
Sortino ratioReturn per unit of downside risk | 3.11 | 1.88 | +1.23 |
Omega ratioGain probability vs. loss probability | 2.05 | 1.35 | +0.70 |
Calmar ratioReturn relative to maximum drawdown | 3.21 | 2.35 | +0.86 |
Martin ratioReturn relative to average drawdown | 26.27 | 10.16 | +16.11 |
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 | XHYH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 1.20 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.38 | — | — |
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 | 0.51 | -0.03 |
Correlation
The correlation between FLRN and XHYH is 0.15, 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. XHYH - Dividend Comparison
FLRN's dividend yield for the trailing twelve months is around 4.65%, less than XHYH's 7.28% 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% |
XHYH BondBloxx US High Yield Healthcare Sector ETF | 7.28% | 6.95% | 6.95% | 7.73% | 6.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLRN vs. XHYH - Drawdown Comparison
The maximum FLRN drawdown since its inception was -14.64%, smaller than the maximum XHYH drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for FLRN and XHYH.
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Drawdown Indicators
| FLRN | XHYH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.64% | -17.84% | +3.20% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -4.11% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.64% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | -1.18% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -4.75% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.95% | -0.78% |
Volatility
FLRN vs. XHYH - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) is 0.36%, while BondBloxx US High Yield Healthcare Sector ETF (XHYH) has a volatility of 2.12%. This indicates that FLRN experiences smaller price fluctuations and is considered to be less risky than XHYH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRN | XHYH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 2.12% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 0.55% | 3.23% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.82% | 7.75% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.69% | 8.66% | -6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 8.66% | -4.45% |