IBDS vs. FLRN
IBDS (iShares iBonds Dec 2027 Term Corporate ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds - IBDS tracks the Bloomberg Barclays December 2027 Maturity Corporate Index while FLRN tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past 5 years, IBDS returned 1.45%/yr vs 4.19%/yr for FLRN. At a 0.06 correlation, their price movements are largely independent. IBDS charges 0.10%/yr vs 0.15%/yr for FLRN.
Performance
IBDS vs. FLRN - Performance Comparison
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Returns By Period
In the year-to-date period, IBDS achieves a 1.23% return, which is significantly lower than FLRN's 1.87% return.
IBDS
- 1D
- -0.04%
- 1M
- 0.31%
- YTD
- 1.23%
- 6M
- 1.61%
- 1Y
- 4.57%
- 3Y*
- 5.28%
- 5Y*
- 1.45%
- 10Y*
- —
FLRN
- 1D
- 0.03%
- 1M
- 0.45%
- YTD
- 1.87%
- 6M
- 2.19%
- 1Y
- 4.88%
- 3Y*
- 5.67%
- 5Y*
- 4.19%
- 10Y*
- 3.03%
IBDS vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDS iShares iBonds Dec 2027 Term Corporate ETF | 1.23% | 5.86% | 4.61% | 6.44% | -9.52% | -1.56% | 8.95% | 15.08% | -2.76% | 1.14% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 1.87% | 5.01% | 6.32% | 6.54% | 1.31% | 0.39% | 0.77% | 4.02% | 1.39% | 0.60% |
Correlation
The correlation between IBDS and FLRN is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2017 | 0.06 |
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Return for Risk
IBDS vs. FLRN — Risk / Return Rank
IBDS
FLRN
IBDS vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Corporate ETF (IBDS) 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.
| IBDS | FLRN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.19 | 7.18 | -2.99 |
Sortino ratioReturn per unit of downside risk | 8.04 | 13.18 | -5.15 |
Omega ratioGain probability vs. loss probability | 2.09 | 3.44 | -1.35 |
Calmar ratioReturn relative to maximum drawdown | 10.55 | 21.54 | -10.99 |
Martin ratioReturn relative to average drawdown | 48.73 | 130.06 | -81.33 |
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
| IBDS | FLRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.19 | 7.18 | -2.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 2.50 | -2.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.50 | +0.07 |
Drawdowns
IBDS vs. FLRN - Drawdown Comparison
The maximum IBDS drawdown since its inception was -16.75%, which is greater than FLRN's maximum drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for IBDS and FLRN.
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Drawdown Indicators
| IBDS | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.75% | -14.64% | -2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -0.23% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -2.27% | -1.43% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -14.98% | -2.16% | -12.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.64% | — |
Current DrawdownCurrent decline from peak | -0.06% | 0.00% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -1.83% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 0.04% | +0.05% |
Volatility
IBDS vs. FLRN - Volatility Comparison
iShares iBonds Dec 2027 Term Corporate ETF (IBDS) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) have volatilities of 0.15% and 0.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBDS | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.15% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.64% | 0.52% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 0.68% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 1.69% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.55% | 4.20% | +1.35% |
IBDS vs. FLRN - Expense Ratio Comparison
IBDS has a 0.10% 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
IBDS vs. FLRN - Dividend Comparison
IBDS's dividend yield for the trailing twelve months is around 4.32%, 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% |
IBDS iShares iBonds Dec 2027 Term Corporate ETF | 4.32% | 4.36% | 4.37% | 3.81% | 2.87% | 2.19% | 2.66% | 3.32% | 3.66% | 0.97% | 0.00% | 0.00% |
Frequently Asked Questions
IBDS and FLRN have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLRN has higher volatility (0.15%) compared to IBDS (0.15%). In terms of maximum drawdown, IBDS dropped -16.75% vs FLRN's -14.64%.
On 5-year performance, FLRN leads with 4.19% vs 1.45% for IBDS. On fees, IBDS is cheaper at 0.10% per year. Their volatility is very similar. 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 4.19% return vs 1.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDS is cheaper with a 0.10% expense ratio, compared with 0.15% for FLRN.
FLRN has the higher dividend yield at 4.51%, compared with 4.32% for IBDS.
IBDS tracks Bloomberg Barclays December 2027 Maturity Corporate Index, while FLRN tracks Bloomberg US Floating Rate Notes (<5 Y). They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for IBDS and 0.15% for FLRN.
FLRN currently has the higher Sharpe Ratio (7.18 vs 4.19), 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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