SPIB vs. FLTR
SPIB (SPDR Portfolio Intermediate Term Corporate Bond ETF) and FLTR (VanEck Vectors Investment Grade Floating Rate ETF) are both Corporate Bonds funds - SPIB tracks the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate while FLTR tracks the MVIS US Investment Grade Floating Rate Index. Both are passively managed. Over the past 10 years, SPIB returned 2.86%/yr vs 3.51%/yr for FLTR. At a 0.05 correlation, their price movements are largely independent. SPIB charges 0.07%/yr vs 0.14%/yr for FLTR.
Performance
SPIB vs. FLTR - Performance Comparison
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Returns By Period
In the year-to-date period, SPIB achieves a 0.46% return, which is significantly lower than FLTR's 1.91% return. Over the past 10 years, SPIB has underperformed FLTR with an annualized return of 2.86%, while FLTR has yielded a comparatively higher 3.51% annualized return.
SPIB
- 1D
- -0.09%
- 1M
- 0.25%
- YTD
- 0.46%
- 6M
- 0.59%
- 1Y
- 5.27%
- 3Y*
- 5.79%
- 5Y*
- 1.79%
- 10Y*
- 2.86%
FLTR
- 1D
- -0.04%
- 1M
- 0.46%
- YTD
- 1.91%
- 6M
- 2.40%
- 1Y
- 5.30%
- 3Y*
- 6.10%
- 5Y*
- 4.49%
- 10Y*
- 3.51%
SPIB vs. FLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 0.46% | 7.91% | 4.28% | 7.27% | -9.65% | -1.24% | 7.69% | 10.23% | -0.49% | 3.76% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 1.91% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 1.44% | 5.70% | 0.30% | 2.80% |
Correlation
The correlation between SPIB and FLTR is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2011 | 0.05 |
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Return for Risk
SPIB vs. FLTR — Risk / Return Rank
SPIB
FLTR
SPIB vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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.
| SPIB | FLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.90 | ||
| Sortino ratioReturn per unit of downside risk | -9.91 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 3.15 | -1.80 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 16.96 | -14.34 |
| Martin ratioReturn relative to average drawdown | 9.13 | 101.23 | -92.10 |
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
| SPIB | FLTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 6.77 | -4.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 2.11 | -1.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.70 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.53 | +0.35 |
Drawdowns
SPIB vs. FLTR - Drawdown Comparison
The maximum SPIB drawdown since its inception was -14.94%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for SPIB and FLTR.
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Drawdown Indicators
| SPIB | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -17.84% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -0.31% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -3.18% | -1.93% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -14.80% | -3.06% | -11.74% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -17.84% | +2.90% |
Current DrawdownCurrent decline from peak | -0.78% | -0.04% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -0.67% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.05% | +0.53% |
Volatility
SPIB vs. FLTR - Volatility Comparison
SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) has a higher volatility of 0.93% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.25%. This indicates that SPIB's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPIB | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.25% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 0.62% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 0.79% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 2.13% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.60% | 5.00% | -0.40% |
SPIB vs. FLTR - Expense Ratio Comparison
SPIB has a 0.07% expense ratio, which is lower than FLTR's 0.14% 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
SPIB vs. FLTR - Dividend Comparison
SPIB's dividend yield for the trailing twelve months is around 4.46%, less than FLTR's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 4.73% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.46% | 4.42% | 4.41% | 3.84% | 2.65% | 1.58% | 2.18% | 3.03% | 3.04% | 2.79% | 2.68% | 2.69% |
Frequently Asked Questions
SPIB and FLTR have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPIB has higher volatility (0.93%) compared to FLTR (0.25%). In terms of maximum drawdown, SPIB dropped -14.94% vs FLTR's -17.84%.
On 10-year performance, FLTR leads with 3.51% vs 2.86% for SPIB. On fees, SPIB is cheaper at 0.07% per year. On volatility, FLTR has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FLTR has performed better with a 3.51% return vs 2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPIB is cheaper with a 0.07% expense ratio, compared with 0.14% for FLTR.
FLTR has the higher dividend yield at 4.73%, compared with 4.46% for SPIB.
SPIB tracks Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate, while FLTR tracks MVIS US Investment Grade Floating Rate Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.07% for SPIB and 0.14% for FLTR.
FLTR currently has the higher Sharpe Ratio (6.77 vs 1.87), 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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