IGIB vs. FLRN
IGIB (iShares Intermediate-Term Corporate Bond ETF) and FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) are both Corporate Bonds funds - IGIB tracks the Bloomberg Barclays U.S. Intermediate Credit Index while FLRN tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past 10 years, IGIB returned 3.04%/yr vs 3.03%/yr for FLRN. At a 0.07 correlation, their price movements are largely independent. IGIB charges 0.06%/yr vs 0.15%/yr for FLRN.
Performance
IGIB vs. FLRN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGIB achieves a 0.21% return, which is significantly lower than FLRN's 1.87% return. Both investments have delivered pretty close results over the past 10 years, with IGIB having a 3.04% annualized return and FLRN not far behind at 3.03%.
IGIB
- 1D
- -0.19%
- 1M
- 0.31%
- YTD
- 0.21%
- 6M
- 0.14%
- 1Y
- 6.27%
- 3Y*
- 6.21%
- 5Y*
- 1.37%
- 10Y*
- 3.04%
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%
IGIB vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares Intermediate-Term Corporate Bond ETF | 0.21% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | -0.71% | 3.50% |
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% | 1.81% |
Correlation
The correlation between IGIB 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 | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011 | 0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGIB vs. FLRN — Risk / Return Rank
IGIB
FLRN
IGIB vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate-Term Corporate Bond ETF (IGIB) 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.
| IGIB | FLRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.66 | ||
| Sortino ratioReturn per unit of downside risk | -10.93 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 3.44 | -2.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 21.54 | -19.45 |
| Martin ratioReturn relative to average drawdown | 7.08 | 130.06 | -122.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IGIB | FLRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 7.18 | -5.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 2.50 | -2.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.72 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.50 | +0.20 |
Drawdowns
IGIB vs. FLRN - Drawdown Comparison
The maximum IGIB drawdown since its inception was -20.62%, which is greater than FLRN's maximum drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for IGIB and FLRN.
Loading charts...
Drawdown Indicators
| IGIB | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -14.64% | -5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -0.23% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -1.43% | -4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -2.16% | -18.46% |
Max Drawdown (10Y)Largest decline over 10 years | -20.62% | -14.64% | -5.98% |
Current DrawdownCurrent decline from peak | -1.33% | 0.00% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -1.83% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.04% | +0.85% |
Volatility
IGIB vs. FLRN - Volatility Comparison
iShares Intermediate-Term Corporate Bond ETF (IGIB) has a higher volatility of 1.33% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.15%. This indicates that IGIB'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.
Loading charts...
Volatility by Period
| IGIB | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.15% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 0.52% | +2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 0.68% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.56% | 1.69% | +4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 4.20% | +1.86% |
IGIB vs. FLRN - Expense Ratio Comparison
IGIB has a 0.06% 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
IGIB vs. FLRN - Dividend Comparison
IGIB's dividend yield for the trailing twelve months is around 4.82%, 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% |
IGIB iShares Intermediate-Term Corporate Bond ETF | 4.82% | 4.59% | 4.41% | 3.78% | 3.04% | 2.52% | 2.74% | 3.44% | 3.41% | 2.51% | 2.45% | 2.51% |
Frequently Asked Questions
IGIB 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.
IGIB has higher volatility (1.33%) compared to FLRN (0.15%). In terms of maximum drawdown, IGIB dropped -20.62% vs FLRN's -14.64%.
On 10-year performance, IGIB leads with 3.04% vs 3.03% for FLRN. On fees, IGIB is cheaper at 0.06% 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 10-year period, IGIB has performed better with a 3.04% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGIB is cheaper with a 0.06% expense ratio, compared with 0.15% for FLRN.
IGIB has the higher dividend yield at 4.82%, compared with 4.51% for FLRN.
IGIB tracks Bloomberg Barclays U.S. Intermediate Credit 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: 0.06% for IGIB and 0.15% for FLRN.
FLRN currently has the higher Sharpe Ratio (7.18 vs 1.52), 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.
Find the right allocation for IGIB and FLRN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer