FLRN vs IVV
FLRN vs IVV
State Street SPDR Bloomberg Investment Grade Floating Rate ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FLRN | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $3.1B | $865.2B | |
| Dividend Yield | 4.57% | 1.09% | |
| Holdings | 520 | 508 | |
| YTD Return | +2.15% | +13.80% | |
| 1Y Return | +4.18% | +23.70% | |
| 3Y Return (annualized) | +5.19% | +21.49% | |
| 5Y Return (annualized) | +4.16% | +13.43% | |
| Volatility (annualized) | 2.3% | 15.1% | |
| Max Drawdown | -20.1% | -56.5% | |
| Fund Family | State Street Investment Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 30, 2011 | May 15, 2000 |
FLRN vs IVV Performance
State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) is a ETF from State Street Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FLRN returned +4.18% while IVV returned +23.70%. Year to date, FLRN is up 2.15% versus a gain of 13.80% for IVV.
Over three years, FLRN compounded at +5.19% per year against +21.49% for IVV; over five years the annualized figures are +4.16% and +13.43% respectively. Across the full 15-year window we track, IVV has the edge at +7.05% annualized vs +1.54%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.3% for FLRN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.1% for FLRN and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLRN charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FLRN currently yields 4.57% against 1.09% for IVV.
Holdings Overlap
FLRN and IVV share 1 holdings out of 816 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FLRN | Weight in IVV | Difference |
|---|---|---|---|
| GE | 0.09% | 0.55% | 0.46% |
Frequently Asked Questions
Which is cheaper, FLRN or IVV?
FLRN has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FLRN or IVV?
Over the past year FLRN returned +4.18% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (15 years), FLRN annualized +1.54% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, FLRN or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.3% for FLRN. Worst drawdown: FLRN -20.1% vs IVV -56.5%.
Should I hold both FLRN and IVV?
FLRN and IVV have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLRN and IVV?
FLRN and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 816 unique securities.
Which pays a higher dividend, FLRN or IVV?
FLRN yields 4.57% while IVV yields 1.09%, so FLRN currently pays the higher dividend yield.
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