IBDY vs. FLRN
IBDY (iShares iBonds Dec 2033 Term Corporate ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds - IBDY tracks the Bloomberg December 2033 Maturity Corporate Index while FLRN tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past year, IBDY returned 5.45% vs 4.85% for FLRN. At a 0.09 correlation, their price movements are largely independent. IBDY charges 0.10%/yr vs 0.15%/yr for FLRN.
Performance
IBDY vs. FLRN - Performance Comparison
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Returns By Period
In the year-to-date period, IBDY achieves a -0.23% return, which is significantly lower than FLRN's 1.84% return.
IBDY
- 1D
- -0.49%
- 1M
- -0.73%
- YTD
- -0.23%
- 6M
- 0.14%
- 1Y
- 5.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLRN
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.84%
- 6M
- 2.12%
- 1Y
- 4.85%
- 3Y*
- 5.59%
- 5Y*
- 4.19%
- 10Y*
- 3.04%
IBDY vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBDY iShares iBonds Dec 2033 Term Corporate ETF | -0.23% | 9.41% | 2.02% | 5.75% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 1.84% | 5.01% | 6.32% | 3.32% |
Correlation
The correlation between IBDY and FLRN is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.09 |
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Return for Risk
IBDY vs. FLRN — Risk / Return Rank
IBDY
FLRN
IBDY vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2033 Term Corporate ETF (IBDY) 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.
| IBDY | FLRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.81 | ||
| Sortino ratioReturn per unit of downside risk | -11.09 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 3.38 | -2.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 21.39 | -19.46 |
| Martin ratioReturn relative to average drawdown | 6.14 | 128.78 | -122.64 |
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
| IBDY | FLRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 7.12 | -5.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.50 | +0.40 |
Drawdowns
IBDY vs. FLRN - Drawdown Comparison
The maximum IBDY drawdown since its inception was -7.53%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for IBDY and FLRN.
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Drawdown Indicators
| IBDY | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.53% | -14.64% | +7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -0.23% | -2.61% |
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 | -1.76% | -0.03% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -1.83% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.04% | +0.85% |
Volatility
IBDY vs. FLRN - Volatility Comparison
iShares iBonds Dec 2033 Term Corporate ETF (IBDY) has a higher volatility of 1.33% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.16%. This indicates that IBDY'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
| IBDY | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.16% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 0.53% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 0.68% | +3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 1.69% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 4.20% | +2.15% |
IBDY vs. FLRN - Expense Ratio Comparison
IBDY 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
IBDY vs. FLRN - Dividend Comparison
IBDY's dividend yield for the trailing twelve months is around 4.91%, more 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% |
IBDY iShares iBonds Dec 2033 Term Corporate ETF | 4.91% | 4.87% | 5.02% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBDY and FLRN have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDY has higher volatility (1.33%) compared to FLRN (0.16%). In terms of maximum drawdown, IBDY dropped -7.53% vs FLRN's -14.64%.
On 1-year performance, IBDY leads with 5.45% vs 4.85% for FLRN. On fees, IBDY is cheaper at 0.10% per year. On volatility, FLRN has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBDY has performed better with a 5.45% return vs 4.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDY is cheaper with a 0.10% expense ratio, compared with 0.15% for FLRN.
IBDY has the higher dividend yield at 4.91%, compared with 4.51% for FLRN.
IBDY tracks Bloomberg December 2033 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 IBDY and 0.15% for FLRN.
FLRN currently has the higher Sharpe Ratio (7.12 vs 1.31), 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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