VBCJ vs. FLRN
VBCJ (Vanguard Target Maturity 2036 Corporate Bond ETF) and FLRN (State Street SPDR Bloomberg Investment Grade Floating Rate ETF) are both exchange-traded funds - VBCJ is a Corporate Bonds fund tracking the ICE 2036 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 0.31 correlation, their price movements are largely independent. VBCJ charges 0.08%/yr vs 0.15%/yr for FLRN.
Performance
VBCJ vs. FLRN - Performance Comparison
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Returns By Period
VBCJ
- 1D
- -0.23%
- 1M
- -0.94%
- 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%
VBCJ vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCJ Vanguard Target Maturity 2036 Corporate Bond ETF | 0.96% |
FLRN State Street SPDR Bloomberg Investment Grade Floating Rate ETF | 1.53% |
Correlation
The correlation between VBCJ and FLRN is 0.31, 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 | 0.31 |
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Return for Risk
VBCJ vs. FLRN — Risk / Return Rank
VBCJ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLRN
VBCJ vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2036 Corporate Bond ETF (VBCJ) 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.
| VBCJ | 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
VBCJ vs. FLRN - Drawdown Comparison
The maximum VBCJ drawdown since its inception was -2.50%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for VBCJ and FLRN.
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Drawdown Indicators
| VBCJ | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.50% | -14.64% | +12.14% |
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 | -1.43% | 0.00% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -0.66% | -1.81% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.04% | — |
Volatility
VBCJ vs. FLRN - Volatility Comparison
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Volatility by Period
| VBCJ | 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 | 5.77% | 0.69% | +5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 1.69% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 4.20% | +1.57% |
VBCJ vs. FLRN - Expense Ratio Comparison
VBCJ 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
VBCJ vs. FLRN - Dividend Comparison
VBCJ's dividend yield for the trailing twelve months is around 1.31%, 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% |
VBCJ Vanguard Target Maturity 2036 Corporate Bond ETF | 1.31% | 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
VBCJ and FLRN have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBCJ is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBCJ 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 1.31% for VBCJ.
VBCJ is categorized as Corporate Bonds, while FLRN is Ultrashort Bond. VBCJ tracks ICE 2036 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 VBCJ and 0.15% for FLRN.
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