Skip to Content
ETFs

SPDR Bloomberg Investment Grade Floating Rate ETF

FLRN
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Nov 30, 2011
Expense Ratio
0.15%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$15,366,460
AUM
$2,385,982,379
Associated Index
Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
STATE STREET INSTITUTIONAL LIQ
1.7%
—
INTL BK RECON + DEVELOP SR UNSECURED 08/27 VAR
1.4%
—
INTL BK RECON + DEVELOP SR UNSECURED 01/27 VAR
1.3%
67IQ
European Bank For Reconstruction & Development - FR NT REDEEM 14/04/2026 USD 1000
1.21%
—
INTL BK RECON + DEVELOP SR UNSECURED 09/26 VAR
1.12%
67LK
Inter-American Development Bank - FR NT REDEEM 16/09/2026 USD 1000
0.99%
—
INTL BK RECON + DEVELOP SR UNSECURED 09/25 VAR
0.95%
ZO57
Inter-American Development Bank - FR NT REDEEM 10/02/2026 USD 1000
0.93%
—
ASIAN DEVELOPMENT BANK SR UNSECURED 06/26 VAR
0.92%
—
KOMMUNALBANKEN AS SR UNSECURED 144A 06/26 VAR
0.88%
Invest with FLRN

What is FLRN?

The SPDR Bloomberg Barclays Investment Grade Floating Rate ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index (the "Index"). Seeks to provide exposure to debt instruments that pay a variable coupon rate, a majority of which are based on the 3-month LIBOR, with a fixed spread. Securities in the Index must have a maturity of more than one month and less than five years, and $300 million or more of outstanding face value.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

FLRN
Performance Measures**

for the time period Dec 1, 2011 to Nov 14, 2025

Returns

1M Trailing Return: 0.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -14.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 5.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.49

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.16

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFLRN

ETFs correlated to FLRN include FLOT, FLTR, VRIG

FLRN
SPDR Series Trust - SPDR Bloomberg Investment Grade Floating Rate ETF
FLOT
BlackRock Institutional Trust Company N.A. - iShares Floating Rate Bond ETF
FLTR
VanEck ETF Trust - VanEck IG Floating Rate ETF
VRIG
Invesco Capital Management LLC - Invesco Variable Rate Investment Grade ETF
FPEI
First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
PREF
Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF
CTA
Simplify Exchange Traded Funds - Simplify Managed Futures Strategy ETF
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toFLRN

Portfolio Consolidation 1

Category

Multi-asset, tactical, long/short, momentum & mean-reversion, volatility hedging, leveraged ETFs

OOS Cumulative Return

—

-bk-I 8/13 200d LETF MA Risk On/Off inv

Category

Tactical asset allocation, trend-following, risk-on/risk-off, leveraged ETFs, sector rotation, bond timing, hedged

OOS Cumulative Return

109.33%

Create your own algorithmic trading strategy with FLRN using Composer

FAQ

FLRN is a US Bonds ETF. The SPDR Bloomberg Barclays Investment Grade Floating Rate ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index (the "Index"). Seeks to provide exposure to debt instruments that pay a variable coupon rate, a majority of which are based on the 3-month LIBOR, with a fixed spread. Securities in the Index must have a maturity of more than one month and less than five years, and $300 million or more of outstanding face value.

FLRN tracks the Bloomberg U.S. Dollar Floating Rate Note < 5 Years Index.

No, FLRN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FLRN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLRN is 0.005%. This is the percent change in the value of FLRN over the most recent 1-month period. The 3-month return on FLRN is 0.0141%. This is the percent change in the value of FLRN over the most recent 3-month period.

The standard deviation of FLRN for the past year is 0.0306%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLRN include GVI, BLV, and BSV.

ETFs correlated to FLRN include FLOT, FLTR, and VRIG.

ETFs that are inversely correlated to FLRN include OBIL, XBIL, and TUA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.