VBCC vs. FLRN
VBCC (Vanguard Target Maturity 2029 Corporate Bond ETF) and FLRN (State Street SPDR Bloomberg Investment Grade Floating Rate ETF) are both exchange-traded funds - VBCC is a Corporate Bonds fund tracking the ICE 2029 Maturity US Corporate Constrained Index, while FLRN is a Ultrashort Bond fund tracking the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index. Both are passively managed. At a 0.27 correlation, their price movements are largely independent. VBCC charges 0.08%/yr vs 0.15%/yr for FLRN.
Performance
VBCC vs. FLRN - Performance Comparison
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Returns By Period
VBCC
- 1D
- -0.08%
- 1M
- -0.00%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLRN
- 1D
- 0.03%
- 1M
- 0.38%
- 6M
- 2.18%
- YTD
- 2.32%
- 1Y
- 4.65%
- 3Y*
- 5.58%
- 5Y*
- 4.29%
- 10Y*
- 3.06%
VBCC vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCC Vanguard Target Maturity 2029 Corporate Bond ETF | 0.94% |
FLRN State Street SPDR Bloomberg Investment Grade Floating Rate ETF | 1.53% |
Correlation
The correlation between VBCC and FLRN is 0.27, 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 Mar 26, 2026 | 0.27 |
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Return for Risk
VBCC vs. FLRN — Risk / Return Rank
VBCC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLRN
VBCC vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2029 Corporate Bond ETF (VBCC) 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.
| VBCC | FLRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 3.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 20.67 | — |
| Martin ratioReturn relative to average drawdown | — | 122.30 | — |
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Drawdowns
VBCC vs. FLRN - Drawdown Comparison
The maximum VBCC drawdown since its inception was -0.79%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for VBCC and FLRN.
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Drawdown Indicators
| VBCC | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.79% | -14.64% | +13.85% |
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 DrawdownCurrent decline from peak | -0.27% | 0.00% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -1.81% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.04% | — |
Volatility
VBCC vs. FLRN - Volatility Comparison
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Volatility by Period
| VBCC | 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 | 2.27% | 0.69% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.27% | 1.69% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.27% | 4.20% | -1.93% |
VBCC vs. FLRN - Expense Ratio Comparison
VBCC has a 0.08% 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
VBCC vs. FLRN - Dividend Comparison
VBCC's dividend yield for the trailing twelve months is around 0.79%, less than FLRN's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRN State Street SPDR Bloomberg Investment Grade Floating Rate ETF | 4.44% | 4.89% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% |
VBCC Vanguard Target Maturity 2029 Corporate Bond ETF | 0.79% | 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
VBCC and FLRN have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBCC is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBCC is cheaper with a 0.08% expense ratio, compared with 0.15% for FLRN.
FLRN has the higher dividend yield at 4.44%, compared with 0.79% for VBCC.
VBCC is categorized as Corporate Bonds, while FLRN is Ultrashort Bond. VBCC tracks ICE 2029 Maturity US Corporate Constrained Index, while FLRN tracks Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.08% for VBCC and 0.15% for FLRN.
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