NEE vs. FLRN
NEE (NextEra Energy, Inc.) is a stock, while FLRN (SPDR Bloomberg Barclays Investment Grade Floating Rate ETF) is Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes (<5 Y). Over the past 10 years, NEE returned 13.85%/yr vs 3.04%/yr for FLRN. At a 0.03 correlation, their price movements are largely independent.
Performance
NEE vs. FLRN - Performance Comparison
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Returns By Period
In the year-to-date period, NEE achieves a 8.44% return, which is significantly higher than FLRN's 1.84% return. Over the past 10 years, NEE has outperformed FLRN with an annualized return of 13.85%, while FLRN has yielded a comparatively lower 3.04% annualized return.
NEE
- 1D
- 0.92%
- 1M
- -9.35%
- YTD
- 8.44%
- 6M
- 4.73%
- 1Y
- 23.53%
- 3Y*
- 8.52%
- 5Y*
- 6.24%
- 10Y*
- 13.85%
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%
NEE vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 8.44% | 15.47% | 21.46% | -25.30% | -8.54% | 23.39% | 30.06% | 42.69% | 14.30% | 34.39% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 1.84% | 5.01% | 6.32% | 6.54% | 1.31% | 0.39% | 0.77% | 4.02% | 1.39% | 1.81% |
Correlation
The correlation between NEE and FLRN is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2011 | 0.03 |
The correlation between NEE and FLRN shifts across timeframes, from -0.07 (1 year) to 0.04 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NEE vs. FLRN — Risk / Return Rank
NEE
FLRN
NEE vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextEra Energy, Inc. (NEE) 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.
| NEE | FLRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.12 | ||
| Sortino ratioReturn per unit of downside risk | -11.55 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 3.38 | -2.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 21.39 | -19.76 |
| Martin ratioReturn relative to average drawdown | 4.77 | 128.78 | -124.00 |
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
| NEE | FLRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 7.12 | -6.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 2.49 | -2.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.72 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.50 | +0.12 |
Drawdowns
NEE vs. FLRN - Drawdown Comparison
The maximum NEE drawdown since its inception was -47.81%, which is greater than FLRN's maximum drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for NEE and FLRN.
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Drawdown Indicators
| NEE | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.81% | -14.64% | -33.17% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -0.23% | -14.30% |
Max Drawdown (3Y)Largest decline over 3 years | -34.57% | -1.43% | -33.14% |
Max Drawdown (5Y)Largest decline over 5 years | -44.97% | -2.16% | -42.81% |
Max Drawdown (10Y)Largest decline over 10 years | -44.97% | -14.64% | -30.33% |
Current DrawdownCurrent decline from peak | -11.66% | -0.03% | -11.63% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -1.83% | -7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 0.04% | +4.90% |
Volatility
NEE vs. FLRN - Volatility Comparison
NextEra Energy, Inc. (NEE) has a higher volatility of 8.52% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.16%. This indicates that NEE'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
| NEE | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 0.16% | +8.36% |
Volatility (6M)Calculated over the trailing 6-month period | 17.10% | 0.53% | +16.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.77% | 0.68% | +23.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 1.69% | +25.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.48% | 4.20% | +21.28% |
Dividends
NEE vs. FLRN - Dividend Comparison
NEE's dividend yield for the trailing twelve months is around 2.77%, 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% |
NEE NextEra Energy, Inc. | 2.77% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
Frequently Asked Questions
NEE and FLRN have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEE has higher volatility (8.52%) compared to FLRN (0.16%). In terms of maximum drawdown, NEE dropped -47.81% vs FLRN's -14.64%.
FLRN currently has the higher Sharpe Ratio (7.12 vs 1.00), 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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