GSIG vs. FLRN
GSIG (Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds - GSIG tracks the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index while FLRN tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past 5 years, GSIG returned 2.21%/yr vs 4.18%/yr for FLRN. At a 0.10 correlation, their price movements are largely independent. GSIG charges 0.14%/yr vs 0.15%/yr for FLRN.
Performance
GSIG vs. FLRN - Performance Comparison
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Returns By Period
In the year-to-date period, GSIG achieves a 0.67% return, which is significantly lower than FLRN's 1.84% return.
GSIG
- 1D
- 0.02%
- 1M
- 0.03%
- YTD
- 0.67%
- 6M
- 1.10%
- 1Y
- 4.55%
- 3Y*
- 5.39%
- 5Y*
- 2.21%
- 10Y*
- —
FLRN
- 1D
- 0.00%
- 1M
- 0.45%
- YTD
- 1.84%
- 6M
- 2.19%
- 1Y
- 4.88%
- 3Y*
- 5.66%
- 5Y*
- 4.18%
- 10Y*
- 3.03%
GSIG vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 0.67% | 6.69% | 4.72% | 6.06% | -5.80% | -0.81% | 1.59% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 1.84% | 5.01% | 6.32% | 6.54% | 1.31% | 0.39% | 0.65% |
Correlation
The correlation between GSIG and FLRN is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2020 | 0.10 |
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Return for Risk
GSIG vs. FLRN — Risk / Return Rank
GSIG
FLRN
GSIG vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) 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.
| GSIG | FLRN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.48 | 7.18 | -4.70 |
Sortino ratioReturn per unit of downside risk | 3.83 | 13.18 | -9.35 |
Omega ratioGain probability vs. loss probability | 1.50 | 3.44 | -1.93 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 21.73 | -18.64 |
Martin ratioReturn relative to average drawdown | 12.63 | 131.44 | -118.81 |
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
| GSIG | FLRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 7.18 | -4.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 2.49 | -1.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.50 | +0.29 |
Drawdowns
GSIG vs. FLRN - Drawdown Comparison
The maximum GSIG drawdown since its inception was -9.57%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for GSIG and FLRN.
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Drawdown Indicators
| GSIG | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.57% | -14.64% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -0.23% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -1.43% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -2.16% | -7.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.64% | — |
Current DrawdownCurrent decline from peak | -0.32% | 0.00% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -1.83% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.04% | +0.32% |
Volatility
GSIG vs. FLRN - Volatility Comparison
Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) has a higher volatility of 0.62% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.15%. This indicates that GSIG's price experiences larger fluctuations and is considered to be riskier than FLRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIG | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.15% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 0.52% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 0.68% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.89% | 1.69% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.71% | 4.20% | -1.49% |
GSIG vs. FLRN - Expense Ratio Comparison
GSIG has a 0.14% expense ratio, which is lower than FLRN's 0.15% 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%.
Dividends
GSIG vs. FLRN - Dividend Comparison
GSIG's dividend yield for the trailing twelve months is around 4.34%, less than FLRN's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 4.51% | 4.89% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% |
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 4.34% | 4.61% | 4.59% | 3.51% | 2.21% | 1.04% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSIG and FLRN have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSIG has higher volatility (0.62%) compared to FLRN (0.15%). In terms of maximum drawdown, GSIG dropped -9.57% vs FLRN's -14.64%.
On 5-year performance, FLRN leads with 4.18% vs 2.21% for GSIG. On fees, GSIG is cheaper at 0.14% per year. On volatility, FLRN has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLRN has performed better with a 4.18% return vs 2.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSIG is cheaper with a 0.14% expense ratio, compared with 0.15% for FLRN.
FLRN has the higher dividend yield at 4.51%, compared with 4.34% for GSIG.
GSIG tracks FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index, while FLRN tracks Bloomberg US Floating Rate Notes (<5 Y). They also come from different issuers: Goldman Sachs and State Street. Their fees differ too: 0.14% for GSIG and 0.15% for FLRN.
FLRN currently has the higher Sharpe Ratio (7.18 vs 2.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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