FLRN: SPDR Bloomberg Investment Grade Floating Rate ETF
About
FLRN was created on 2011-11-30 by SPDR. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 2283.53m in AUM and 361 holdings. FLRN tracks an index of USD-denominated", investment-grade floating rate notes. Securities must have between 1 month and 5 years until maturity.
Current Value
$30.811 Year Return
Current Value
$30.811 Year Return
Key Details
Assets Under Management
$2.33B
Div Yield %
5.86%
P/E Ratio
-
Net Asset Value
$30.76
Expense Ratio
0.15%
1Y ETF Return
0.07%
Strategies that include FLRN
Stock's related to FLRN
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| LUMN | 37.22% | $7.85B | +486.36% | 0.00% |
| TY | 26.22% | - | - | 3.32% |
| TAC | 25.70% | $3.09B | +31.01% | 1.68% |
| AB | 25.36% | $4.14B | +29.43% | 8.13% |
| OKE | 25.33% | $66.08B | +69.05% | 3.48% |
| PNNT | 25.13% | - | - | 12.79% |
| GLAD | 24.18% | - | - | 5.62% |
| PFLT | 23.92% | - | - | 11.07% |
| LNG | 23.92% | $49.37B | +24.99% | 0.82% |
| TCMD | 23.30% | $378.43M | +24.66% | 0.00% |
| EPD | 23.17% | $68.56B | +19.13% | 6.56% |
| ATR | 22.90% | $11.11B | +30.48% | 1.03% |
| IX | 22.66% | $24.86B | +20.18% | 1.69% |
| WMB | 22.56% | $71.43B | +63.00% | 3.18% |
| BSM | 22.44% | $3.17B | -13.01% | 10.65% |
| OBDC | 22.33% | $5.86B | +4.58% | 10.23% |
| RBA | 22.32% | $17.26B | +51.87% | 1.17% |
| FOXA | 22.18% | $20.90B | +50.97% | 1.16% |
| FDUS | 22.08% | - | - | 8.29% |
| SEM | 21.87% | $4.79B | +59.80% | 1.35% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| HPP | -<0.01% | $470.30M | -35.96% | 3.04% |
| GREE | 0.01% | $29.23M | -42.42% | 0.00% |
| MRVL | 0.01% | $77.39B | +63.39% | 0.27% |
| GIL | -0.01% | $7.55B | +37.20% | 1.63% |
| ATI | -0.01% | $8.31B | +32.37% | 0.00% |
| DOUG | -0.02% | $208.46M | +40.12% | 0.00% |
| JNPR | -0.02% | $11.61B | +30.55% | 2.49% |
| IMNN | 0.02% | $10.02M | -22.89% | 0.00% |
| AVGO | -0.02% | $772.28B | +68.52% | 9.87% |
| GL | 0.03% | $9.18B | -8.60% | 0.86% |
| KEY | 0.03% | $18.83B | +58.20% | 4.30% |
| GHM | -0.03% | $464.78M | +132.21% | 0.00% |
| ESRT | -0.04% | $1.82B | +25.43% | 1.29% |
| BRKR | -0.04% | $7.31B | -25.31% | 0.39% |
| BNED | 0.04% | $277.22M | -91.94% | 0.00% |
| TBBK | 0.05% | $2.63B | +42.88% | 0.00% |
| BOKF | 0.05% | $7.39B | +63.06% | 1.93% |
| JBSS | 0.05% | $949.98M | -9.36% | 1.04% |
| TAK | -0.06% | $43.18B | -2.85% | 2.17% |
| LXFR | -0.07% | $387.04M | +72.02% | 3.60% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| SAVA | -24.16% | $1.35B | +25.50% | 0.00% |
| K | -21.97% | $27.77B | +52.50% | 2.79% |
| TBPH | -21.67% | $487.81M | -3.50% | 0.00% |
| JMIA | -20.31% | $380.31M | +30.53% | 0.00% |
| TBI | -19.41% | $199.52M | -50.80% | 0.00% |
| HUSA | -15.98% | $16.69M | -11.56% | 0.00% |
| LQDA | -13.53% | $859.91M | +53.94% | 0.00% |
| CHGG | -12.17% | $175.24M | -83.42% | 0.00% |
| AHCO | -12.16% | $1.31B | +17.07% | 0.00% |
| MODV | -11.99% | $222.68M | -59.06% | 0.00% |
| DNB | -11.91% | $5.29B | +20.54% | 1.69% |
| FDP | -11.71% | $1.62B | +45.67% | 2.97% |
| GRAL | -11.71% | $459.22M | -13.00% | 0.00% |
| TSN | -11.63% | $21.95B | +31.14% | 3.11% |
| CRVO | -11.19% | $83.20M | +2.86% | 0.00% |
| QNRX | -11.02% | $3.20M | -85.07% | 0.00% |
| ATKR | -11.01% | $3.10B | -33.13% | 1.12% |
| QTTB | -10.77% | $354.34M | +188.64% | 0.00% |
| KRRO | -10.67% | $436.84M | +20.68% | 0.00% |
| VPG | -10.35% | $279.20M | -30.23% | 0.00% |
ETF's related to FLRN
Inversely Correlated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| VIXY | -44.75% | $195.31M | 0.85% |
| TAIL | -39.73% | $67.98M | 0.59% |
| HIGH | -33.26% | $302.78M | 0.51% |
| ULST | -25.65% | $535.47M | 0.2% |
| PHDG | -22.84% | $113.97M | 0.39% |
| GOVZ | -16.84% | $313.00M | 0.1% |
| SCHQ | -16.76% | $762.08M | 0.03% |
| VGLT | -16.53% | $12.70B | 0.04% |
| EDV | -16.44% | $3.88B | 0.06% |
| TLT | -16.39% | $57.46B | 0.15% |
| ZROZ | -16.35% | $1.63B | 0.15% |
| GOVT | -16.17% | $28.65B | 0.05% |
| SPTL | -15.81% | $10.33B | 0.03% |
| LGOV | -15.76% | $607.48M | 0.67% |
| TLH | -15.69% | $7.01B | 0.15% |
| GOVI | -15.69% | $1.06B | 0.15% |
| IEF | -15.43% | $32.30B | 0.15% |
| SPIP | -15.39% | $858.31M | 0.12% |
| TYA | -15.35% | $124.05M | 0.17% |
| SCHR | -15.08% | $9.97B | 0.03% |
News
SeekingAlpha
In mid-September, the bond market looked set to coast to a second year of recovery after a bruising run of back-to-back losses in 2021 and 2023.
SeekingAlpha
Retail money funds are reported at a new high. The last 30mos, from June 2022, while retail money funds soared more than 100%, T-Bill rates have also risen from the 1% range to more than 5%.
SeekingAlpha
As rates are going down, investors are reviewing their cash portfolios once again. BlackRock's Beccy Milchem discusses the importance of managing cash regardless of the yield curve shape.
SeekingAlpha
While we expect a gradual decline in global yields over the coming months, we also anticipate continued bumps along the way.
SeekingAlpha
The Federal Reserve is expected to cut interest rates this week. The question is whether the bond market has fully priced at the start of policy easing.
SeekingAlpha
Invesco Senior Income Trust (VVR) offers a high yield of 11.83%. Its share price appreciated by 14.44% since Oct. 2023. Find out why VVR CEF is a Sell.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.