SPDR Bloomberg Investment Grade Floating Rate… (FLRN) Performance
FLRN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.4% since Dec 31, 2025
- 1 year
- +4.3% total return
- 5 years
- +4.5% a year
- 10 years
- +3.1% a year
- Since first price
- +2.5% a year since 2011
FLRN trailing returns vs AGG, TLT, SPY
| Period | FLRN total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.3% | 0.0% | +0.9% | +1.5% | −1.0% |
| 3 months | +1.1% | +0.0% | −0.4% | −1.0% | +3.2% |
| 6 months | +2.2% | +0.1% | −1.5% | −3.8% | +7.8% |
| YTD | +3.4% | +0.3% | −1.0% | −3.4% | +12.3% |
| 1 year | +4.3% | −0.1% | −1.1% | −6.9% | +14.4% |
| 3 years | +16.9%+5.4%/yr | +0.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +24.5%+4.5%/yr | +0.6% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +36.0%+3.1%/yr | +0.7% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionDec 1, 2011 | +44.6%+2.5%/yr | +2.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FLRN vs AGG
From Dec 1, 2011: FLRN grew to $14,456, AGG to $13,186.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FLRN returns by calendar year
13 of 14 full years positive. Best 2023 (+6.5%), worst 2014 (−0.1%). 2026 is year to date.
FLRN annual returns table
| Year | FLRN | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +3.4% | −0.2% | −1.0% | −3.4% | +12.3% |
| 2025 | +5.0% | −1.4% | +7.2% | +4.3% | +17.7% |
| 2024 | +6.3% | −0.5% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.5% | −2.2% | +5.7% | +2.8% | +26.2% |
| 2022 | +1.3% | −1.5% | −13.0% | −31.2% | −18.2% |
| 2021 | +0.4% | −0.2% | −1.8% | −4.6% | +28.7% |
| 2020 | +0.8% | −14.6% | +7.5% | +18.2% | +18.3% |
| 2019 | +4.0% | −0.2% | +8.5% | +14.1% | +31.2% |
| 2018 | +1.4% | −0.9% | +0.1% | −1.6% | −4.6% |
| 2017 | +1.8% | −0.3% | +3.6% | +9.2% | +21.7% |
| 2016 | +1.7% | −0.9% | +2.4% | +1.2% | +12.0% |
| 2015 | +0.4% | −1.1% | +0.5% | −1.8% | +1.2% |
| 2014 | −0.1% | −0.5% | +6.0% | +27.3% | +13.5% |
| 2013 | +0.8% | −1.4% | −2.0% | −13.4% | +32.3% |
| 2012 | +2.9% | −7.8% | +3.8% | +2.6% | +16.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FLRN largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 24, 2020 | −14.6% | Mar 18, 2020 | Aug 5, 2020 | 23 days | 5 months |
| Jan 17, 2012 | −7.8% | Jan 23, 2012 | May 2, 2018 | 6 days | 6.3 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
FLRN risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +5.4% | +4.4% | +3.1% | +2.5% |
| Volatility (annualized) | 0.4% | 1.1% | 1.9% | 2.2% |
| Sharpe ratio | 2.78 | 0.86 | 0.43 | 0.43 |
| Sortino ratio | 6.96 | 1.19 | 0.53 | 0.62 |
| Best month | +0.7% | +0.9% | +2.7% | +4.5% |
| Worst month | +0.1% | −1.0% | −4.3% | −4.3% |
| Best 12 months | +6.6% | +7.3% | +7.3% | +7.3% |
| Worst 12 months | +4.4% | −0.3% | −1.7% | −1.7% |
| Positive months | 100% | 85% | 88% | 77% |
| Beta vs S&P 500 | 0.02 | 0.03 | 0.06 | — |
| Correlation with S&P 500 | 0.57 | 0.37 | 0.48 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FLRN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 167 | −1.7% | +1.8% | +7.3% | 90% |
| 3-year (a year) | 143 | −0.3% | +1.9% | +6.1% | 99% |
| 5-year (a year) | 119 | +0.3% | +1.8% | +4.5% | 100% |
| 10-year (a year) | 59 | +0.9% | +2.1% | +3.1% | 100% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
FLRN performance overview
SPDR Bloomberg Investment Grade Floating Rate… (FLRN) returned +4.3% over the past year and +3.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +2.5% a year, turning $10,000 into about $14,456. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −14.6%, from Feb 24, 2020 to Mar 18, 2020, and it took 5 months to get back to the old high. FLRN finished 13 of its 14 full calendar years with a gain; the best year was 2023 (+6.5%) and the worst 2014 (−0.1%). Volatility has been 2.2% a year.
Related: FLRN chart, FLRN dividends, FLRN bond profile. See the FLRN overview for the latest quote and fund facts.
FLRN performance FAQ
What is the FLRN return over the past year?
FLRN returned +4.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.1%.
What is the average annual return of FLRN?
FLRN has returned +4.5% a year over 5 years, +3.1% a year over 10 years, +2.5% a year since December 1, 2011 (total return, distributions reinvested).
How much would $10,000 invested in FLRN be worth?
$10,000 invested in FLRN at its first recorded close on December 1, 2011 would be worth about $14,456 on October 23, 2026 with distributions reinvested.
What was the worst year for FLRN?
The worst calendar year was 2014, with a total return of −0.1%. The best was 2023 at +6.5%.
What is the biggest drawdown of FLRN?
The largest peak-to-trough decline was −14.6% between February 24, 2020 and March 18, 2020. It recovered to the old high on August 5, 2020, 5 months after the bottom.
How volatile is FLRN?
Over the past 3 years FLRN had an annualized volatility of 0.4% and a Sharpe ratio of 2.78 (excess return over 1–3 month T-bills per unit of risk).