IG vs. FLRN

Last updated Jul 17, 2026

IG (Principal Investment Grade Corporate Active ETF) and FLRN (State Street SPDR Bloomberg Investment Grade Floating Rate ETF) are both exchange-traded funds - IG is a Corporate Bonds fund actively managed by Principal, while FLRN is a Ultrashort Bond fund tracking the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index. IG is actively managed, while FLRN is passively managed. At a 0.21 correlation, their price movements are largely independent. IG charges 0.26%/yr vs 0.15%/yr for FLRN.

Performance

IG vs. FLRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Investment Grade Corporate Active ETF (IG) and State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IG

• 1D: -0.12%
• 1M: -0.98%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLRN

• 1D: 0.00%
• 1M: 0.34%
• 6M: 2.05%
• YTD: 2.28%
• 1Y: 4.55%
• 3Y*: 5.53%
• 5Y*: 4.27%
• 10Y*: 3.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IG vs. FLRN - Yearly Performance Comparison

	2026 (YTD)
IG Principal Investment Grade Corporate Active ETF	-0.60%
FLRN State Street SPDR Bloomberg Investment Grade Floating Rate ETF	1.17%

Correlation

The correlation between IG and FLRN is 0.21, 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 Apr 22, 2026	0.21

Return for Risk

IG vs. FLRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FLRN

FLRN Risk / Return Rank: 99
FLRN Sharpe Ratio Rank: 99
FLRN Sortino Ratio Rank: 99
FLRN Omega Ratio Rank: 99
FLRN Calmar Ratio Rank: 99
FLRN Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IG vs. FLRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Investment Grade Corporate Active ETF (IG) and State Street SPDR Bloomberg 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.

	IG	FLRN	Difference
Sharpe ratio: Return per unit of total volatility	—	6.62	—
Sortino ratio: Return per unit of downside risk	—	11.93	—
Omega ratio: Gain probability vs. loss probability	—	3.13	—
Calmar ratio: Return relative to maximum drawdown	—	20.07	—
Martin ratio: Return relative to average drawdown	—	118.41	—

Drawdowns

IG vs. FLRN - Drawdown Comparison

The maximum IG drawdown since its inception was -1.75%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for IG and FLRN.

Drawdown Indicators

	IG	FLRN	Difference
Max Drawdown Largest peak-to-trough decline	-1.75%	-14.64%	+12.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.23%	—
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 Drawdown Current decline from peak	-1.33%	-0.03%	-1.30%
Average Drawdown Average peak-to-trough decline	-0.52%	-1.81%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.04%	—

Volatility

Volatility by Period

	IG	FLRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.55%	0.69%	+3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.55%	1.69%	+2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.55%	4.20%	+0.35%

IG vs. FLRN - Expense Ratio Comparison

IG has a 0.26% expense ratio, which is higher than FLRN's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IG vs. FLRN - Dividend Comparison

IG's dividend yield for the trailing twelve months is around 1.26%, less than FLRN's 4.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLRN State Street SPDR Bloomberg Investment Grade Floating Rate ETF	4.45%	4.89%	5.67%	5.68%	1.95%	0.39%	1.22%	2.76%	2.39%	1.64%	1.06%	0.63%
IG Principal Investment Grade Corporate Active ETF	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IG and FLRN in my portfolio?

IG and FLRN have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IG or 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.

Which ETF is cheaper, IG or FLRN?

FLRN is cheaper with a 0.15% expense ratio, compared with 0.26% for IG.

Which ETF pays a higher dividend yield, IG or FLRN?

FLRN has the higher dividend yield at 4.45%, compared with 1.26% for IG.

What is the main difference between IG and FLRN?

IG is categorized as Corporate Bonds, while FLRN is Ultrashort Bond. They also come from different issuers: Principal and State Street. Their fees differ too: 0.26% for IG and 0.15% for FLRN.