GIGL vs. FLRN
GIGL (Goldman Sachs Corporate Bond ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds. Over the past year, GIGL returned 4.94% vs 4.71% for FLRN. At a 0.20 correlation, their price movements are largely independent. GIGL charges 0.29%/yr vs 0.15%/yr for FLRN.
Performance
GIGL vs. FLRN - Performance Comparison
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Returns By Period
In the year-to-date period, GIGL achieves a 1.13% return, which is significantly lower than FLRN's 2.07% return.
GIGL
- 1D
- 0.06%
- 1M
- 1.03%
- YTD
- 1.13%
- 6M
- 0.93%
- 1Y
- 4.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLRN
- 1D
- 0.03%
- 1M
- 0.35%
- YTD
- 2.07%
- 6M
- 2.13%
- 1Y
- 4.71%
- 3Y*
- 5.53%
- 5Y*
- 4.23%
- 10Y*
- 3.04%
GIGL vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GIGL Goldman Sachs Corporate Bond ETF | 1.13% | 3.76% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 2.07% | 2.59% |
Correlation
The correlation between GIGL and FLRN is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.20 |
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Return for Risk
GIGL vs. FLRN — Risk / Return Rank
GIGL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLRN
GIGL vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Corporate Bond ETF (GIGL) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GIGL | FLRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 3.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 20.79 | — |
| Martin ratioReturn relative to average drawdown | — | 122.99 | — |
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Drawdowns
GIGL vs. FLRN - Drawdown Comparison
The maximum GIGL drawdown since its inception was -3.13%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for GIGL and FLRN.
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Drawdown Indicators
| GIGL | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.13% | -14.64% | +11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -0.23% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.43% | — |
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 | -0.39% | 0.00% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -1.82% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.04% | — |
Volatility
GIGL vs. FLRN - Volatility Comparison
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Volatility by Period
| GIGL | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.54% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 0.70% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.17% | 1.69% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 4.20% | -0.03% |
GIGL vs. FLRN - Expense Ratio Comparison
GIGL has a 0.29% expense ratio, which is higher than FLRN's 0.15% expense ratio.
Dividends
GIGL vs. FLRN - Dividend Comparison
GIGL's dividend yield for the trailing twelve months is around 3.75%, less than FLRN's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 4.50% | 4.89% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% |
GIGL Goldman Sachs Corporate Bond ETF | 3.75% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GIGL and FLRN have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, GIGL leads with 4.94% vs 4.71% for FLRN. On fees, FLRN is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GIGL has performed better with a 4.94% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLRN is cheaper with a 0.15% expense ratio, compared with 0.29% for GIGL.
FLRN has the higher dividend yield at 4.50%, compared with 3.75% for GIGL.
They also come from different issuers: Goldman Sachs and State Street. Their fees differ too: 0.29% for GIGL and 0.15% for FLRN.
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