VUBFX vs. FLRN
Compare and contrast key facts about Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN).
VUBFX is managed by Vanguard. It was launched on Feb 24, 2015. FLRN is a passively managed fund by State Street that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Nov 30, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VUBFX or FLRN.
Key characteristics
| VUBFX | FLRN | |
|---|---|---|
| YTD Return | 4.79% | 5.65% |
| 1Y Return | 6.31% | 6.68% |
| 3Y Return (Ann) | 3.20% | 4.47% |
| 5Y Return (Ann) | 2.40% | 2.99% |
| Sharpe Ratio | 6.22 | 7.67 |
| Sortino Ratio | 12.31 | 14.48 |
| Omega Ratio | 3.68 | 4.35 |
| Calmar Ratio | 31.72 | 14.72 |
| Martin Ratio | 139.84 | 183.55 |
| Ulcer Index | 0.05% | 0.04% |
| Daily Std Dev | 1.02% | 0.88% |
| Max Drawdown | -1.86% | -14.64% |
| Current Drawdown | -0.10% | 0.00% |
Correlation
The correlation between VUBFX and FLRN is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VUBFX vs. FLRN - Performance Comparison
In the year-to-date period, VUBFX achieves a 4.79% return, which is significantly lower than FLRN's 5.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VUBFX vs. FLRN - Expense Ratio Comparison
VUBFX has a 0.20% expense ratio, which is higher than FLRN's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VUBFX vs. FLRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) 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.
Dividends
VUBFX vs. FLRN - Dividend Comparison
VUBFX's dividend yield for the trailing twelve months is around 5.00%, less than FLRN's 5.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 5.00% | 4.05% | 1.28% | 0.53% | 1.53% | 2.57% | 2.13% | 1.41% | 0.98% | 0.49% | 0.00% | 0.00% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 5.87% | 5.68% | 1.95% | 0.40% | 1.22% | 2.76% | 2.39% | 1.63% | 1.06% | 0.63% | 0.53% | 0.72% |
Drawdowns
VUBFX vs. FLRN - Drawdown Comparison
The maximum VUBFX drawdown since its inception was -1.86%, smaller than the maximum FLRN drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for VUBFX and FLRN. For additional features, visit the drawdowns tool.
Volatility
VUBFX vs. FLRN - Volatility Comparison
The current volatility for Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) is 0.25%, while SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) has a volatility of 0.29%. This indicates that VUBFX experiences smaller price fluctuations and is considered to be less risky than FLRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.