IBDX vs. FLRN
IBDX (iShares iBonds Dec 2032 Term Corporate ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds - IBDX tracks the Bloomberg December 2032 Maturity Corporate Index while FLRN tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past 3 years, IBDX returned 5.70%/yr vs 5.58%/yr for FLRN. At a 0.05 correlation, their price movements are largely independent. IBDX charges 0.10%/yr vs 0.15%/yr for FLRN.
Performance
IBDX vs. FLRN - Performance Comparison
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Returns By Period
In the year-to-date period, IBDX achieves a 0.12% return, which is significantly lower than FLRN's 2.03% return.
IBDX
- 1D
- -0.14%
- 1M
- 0.32%
- YTD
- 0.12%
- 6M
- 0.36%
- 1Y
- 5.05%
- 3Y*
- 5.70%
- 5Y*
- —
- 10Y*
- —
FLRN
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 2.03%
- 6M
- 2.13%
- 1Y
- 4.78%
- 3Y*
- 5.58%
- 5Y*
- 4.21%
- 10Y*
- 3.04%
IBDX vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 0.12% | 9.05% | 2.39% | 9.42% | -1.92% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 2.03% | 5.01% | 6.32% | 6.54% | 2.38% |
Correlation
The correlation between IBDX and FLRN is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.05 |
The correlation between IBDX and FLRN shifts across timeframes, from 0.05 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBDX vs. FLRN — Risk / Return Rank
IBDX
FLRN
IBDX vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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.
| IBDX | FLRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.57 | ||
| Sortino ratioReturn per unit of downside risk | -10.57 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 3.24 | -2.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 21.09 | -19.25 |
| Martin ratioReturn relative to average drawdown | 5.60 | 124.77 | -119.17 |
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Drawdowns
IBDX vs. FLRN - Drawdown Comparison
The maximum IBDX drawdown since its inception was -12.51%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for IBDX and FLRN.
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Drawdown Indicators
| IBDX | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.51% | -14.64% | +2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -0.23% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -1.43% | -5.66% |
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 | -1.47% | 0.00% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -1.82% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.04% | +0.86% |
Volatility
IBDX vs. FLRN - Volatility Comparison
iShares iBonds Dec 2032 Term Corporate ETF (IBDX) has a higher volatility of 1.24% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.20%. This indicates that IBDX'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
| IBDX | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.20% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 0.54% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 0.70% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 1.69% | +5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.43% | 4.21% | +3.22% |
IBDX vs. FLRN - Expense Ratio Comparison
IBDX 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
IBDX vs. FLRN - Dividend Comparison
IBDX's dividend yield for the trailing twelve months is around 4.83%, more 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% |
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 4.83% | 4.81% | 5.02% | 4.59% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBDX and FLRN have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDX has higher volatility (1.24%) compared to FLRN (0.20%). In terms of maximum drawdown, IBDX dropped -12.51% vs FLRN's -14.64%.
On 3-year performance, IBDX leads with 5.70% vs 5.58% for FLRN. On fees, IBDX is cheaper at 0.10% per year. On volatility, FLRN has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBDX has performed better with a 5.70% return vs 5.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDX is cheaper with a 0.10% expense ratio, compared with 0.15% for FLRN.
IBDX has the higher dividend yield at 4.83%, compared with 4.50% for FLRN.
IBDX tracks Bloomberg December 2032 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 IBDX and 0.15% for FLRN.
FLRN currently has the higher Sharpe Ratio (6.89 vs 1.32), 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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