SPDR® Bloomberg Investment Grade Floating Rate ETF

10-Year Study

FLRN.US · · US · ETF

Executive Summary: SPDR® Bloomberg Investment Grade Floating Rate ETF has compounded at 2.9% annually over the last 10 years, with a maximum drawdown of 4.3% and an annualized volatility of 6.6%.

1Y CAGR
+3.7%
3Y CAGR
+5.3%
5Y CAGR
+3.9%
10Y CAGR
+2.9%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
4.3%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.83
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.47
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
1.9%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · +6.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · 0.4%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
100%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.4-0.0-0.20.2————————0.4%
20250.50.50.30.20.50.50.40.40.50.40.30.45.0%
20240.50.70.50.60.60.40.40.50.50.40.40.56.3%
20230.80.7-0.40.90.80.50.50.50.50.40.60.66.5%
20220.0-0.1-0.2-0.0-0.1-1.00.80.5-0.10.30.60.61.3%
20210.20.00.0-0.00.20.0-0.00.00.1-0.0-0.10.00.4%
20200.30.0-4.32.70.70.70.40.10.00.00.10.00.8%
20190.80.40.40.30.20.30.30.20.40.20.20.34.0%
20180.40.00.00.30.10.10.30.30.20.0-0.2-0.31.4%
20170.30.10.20.10.10.10.20.00.20.20.10.11.8%
2016———0.50.0-0.10.5-0.00.5-0.10.30.11.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 6.6%. The dominant macroeconomic risk driver is SHV.US, accounting for 95.0% of variance. Idiosyncratic stock-specific factors contribute 0.5%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110054.520079823658
2016-05-0110059.215589090769
2016-06-0110048.085493050212
2016-07-0110099.51871030012
2016-08-0110095.257970409597
2016-09-0110140.778324137962
2016-10-0110130.474289912916
2016-11-0110160.6038077102
2016-12-0110169.16876442891
2017-01-0110199.037420600243
2017-02-0110206.863269378759
2017-03-0110227.645245579484
2017-04-0110239.8622650615
2017-05-0110251.992330668198
2017-06-0110263.165903646412
2017-07-0110284.469603099038
2017-08-0110284.860895537962
2017-09-0110309.164503689019
2017-10-0110330.163864578037
2017-11-0110341.728729995175
2017-12-0110353.728364788898
2018-01-0110394.248870686544
2018-02-0110397.68354876156
2018-03-0110401.379088462525
2018-04-0110437.725808344965
2018-05-0110452.551444086484
2018-06-0110463.377201563433
2018-07-0110492.59370366989
2018-08-0110522.940606155464
2018-09-0110546.548583303987
2018-10-0110548.765907124567
2018-11-0110531.244701248224
2018-12-0110497.984843939534
2019-01-0110584.41699600447
2019-02-0110621.85063932837
2019-03-0110664.41456129596
2019-04-0110700.299053451448
2019-05-0110723.341611486621
2019-06-0110756.947242334694
2019-07-0110786.067423281294
2019-08-0110804.711603376474
2019-09-0110843.489308736562
2019-10-0110869.98240421674
2019-11-0110889.455011831162
2019-12-0110921.39383655944
2020-01-0110949.825734381946
2020-02-0110952.671743637236
2020-03-0110486.489291120759
2020-04-0110769.48062924741
2020-05-0110849.997315914741
2020-06-0110920.581164918945
2020-07-0110966.480527471465
2020-08-0110978.327289773637
2020-09-0110981.194859705103
2020-10-0110986.590004289867
2020-11-0111002.762999192519
2020-12-0111005.643007975625
2021-01-0111030.826707006472
2021-02-0111031.908057842398
2021-03-0111032.264638256083
2021-04-0111029.382970959427
2021-05-0111047.759301115955
2021-06-0111048.121686327075
2021-07-0111048.120857070298
2021-08-0111051.36822660518
2021-09-0111061.468574137061
2021-10-0111057.498092693493
2021-11-0111046.309760271477
2021-12-0111049.200549392672
2022-01-0111052.810304138671
2022-02-0111045.22509240845
2022-03-0111019.565399988167
2022-04-0111016.312225655853
2022-05-0111009.076960285109
2022-06-0110901.543087855156
2022-07-0110983.438828541004
2022-08-0111041.898943479846
2022-09-0111029.159071629903
2022-10-0111063.824492637725
2022-11-0111126.042799285473
2022-12-0111193.73502991171
2023-01-0111278.455219176669
2023-02-0111358.419620831175
2023-03-0111310.101316263015
2023-04-0111412.015315521901
2023-05-0111500.132140541426
2023-06-0111561.91840440887
2023-07-0111622.4674171665
2023-08-0111682.171417269366
2023-09-0111740.646458830177
2023-10-0111785.964512382707
2023-11-0111853.122701645188
2023-12-0111925.826130968893
2024-01-0111988.203654917637
2024-02-0112071.659227599172
2024-03-0112135.823799900232
2024-04-0112204.261532368106
2024-05-0112275.018696038498
2024-06-0112324.957368346993
2024-07-0112380.355867268781
2024-08-0112442.893437775298
2024-09-0112509.800362234646
2024-10-0112564.802476417499
2024-11-0112615.146655289467
2024-12-0112678.532555477846
2025-01-0112736.29277769773
2025-02-0112794.337434991789
2025-03-0112826.797862232183
2025-04-0112854.79854653116
2025-05-0112919.415893031924
2025-06-0112990.201251432703
2025-07-0113046.466323685429
2025-08-0113096.592408025303
2025-09-0113163.990252496053
2025-10-0113217.098344202484
2025-11-0113261.389777866307
2025-12-0113313.690173472896
2026-01-0113365.68042704526
2026-02-0113365.245405574613
2026-03-0113334.768072276062
2026-04-0113360.462942432188
Annual Return Matrix
YearAnnual Return
20170.01814893671600437
20180.013932805079301058
20190.04033240654413239
20200.007714140949130366
20210.003957746165806242
20220.013080989875505766
20230.06540186087136246
20240.06311566311991856
20250.05009709248414773
20260.003513133349947184
Total Factor Risk
0.06554722981749488
VTI.US Exposure
0.041592866319714795
VEA.US Exposure
0.005678169419330878
VWO.US Exposure
0.0009591664386384167
QQQ.US Exposure
-0.00436814423980497
VTV.US Exposure
-0.0032674800797850814
IJR.US Exposure
-0.00241772843614038
QUAL.US Exposure
-0.0022637076079123426
SHV.US Exposure
0.9500130216980934
TLT.US Exposure
0.0005317748936369645
LQD.US Exposure
0.002906105897218772
HYG.US Exposure
0.003994217014664183
GLD.US Exposure
0.00013829910286045516
USO.US Exposure
-0.000011279521695351024
VNQ.US Exposure
0.0013912783934000288
BTC-USD.CC Exposure
-0.0005840690034569499
CPER.US Exposure
0.00019855010971372717
VIX.INDX Exposure
-0.0007633150066878
UUP.US Exposure
-0.0001399963786525897
TIP.US Exposure
0.0012693502288448186
Idiosyncratic Exposure
0.005142920758018986
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
56.9
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
6.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →4.74%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$91
Avg Yield on Cost
0.91%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$90.640.91%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.0%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.3% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-0.02
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is SPDR® Bloomberg Investment Grade Floating Rate ETF a high-risk investment?

SPDR® Bloomberg Investment Grade Floating Rate ETF (FLRN.US) has an annualized volatility of 6.6% and experienced a maximum drawdown of 4.3% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of FLRN.US?

Over the past 10 years, FLRN.US has generated a Compound Annual Growth Rate (CAGR) of 2.9%. It has had a positive return in 100% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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