FLRN vs SCHD
FLRN vs SCHD
State Street SPDR Bloomberg Investment Grade Floating Rate ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FLRN offers more diversification with 312 holdings.
Side-by-Side Comparison
| Metric | FLRN | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $3.1B | $103.7B | |
| Dividend Yield | 4.57% | 3.31% | |
| Holdings | 520 | 104 | |
| YTD Return | +2.15% | +24.26% | |
| 1Y Return | +4.18% | +31.38% | |
| 3Y Return (annualized) | +5.19% | +15.08% | |
| 5Y Return (annualized) | +4.16% | +9.72% | |
| Volatility (annualized) | 2.3% | 13.6% | |
| Max Drawdown | -20.1% | -33.4% | |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 30, 2011 | Oct 20, 2011 |
FLRN vs SCHD Performance
State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) is a ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FLRN returned +4.18% while SCHD returned +31.38%. Year to date, FLRN is up 2.15% versus a gain of 24.26% for SCHD.
Over three years, FLRN compounded at +5.19% per year against +15.08% for SCHD; over five years the annualized figures are +4.16% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +1.54%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLRN charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, FLRN currently yields 4.57% against 3.31% for SCHD.
Holdings Overlap
FLRN and SCHD share 0 holdings out of 412 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLRN or SCHD?
FLRN has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FLRN or SCHD?
Over the past year FLRN returned +4.18% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), FLRN annualized +1.54% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FLRN or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.3% for FLRN. Worst drawdown: FLRN -20.1% vs SCHD -33.4%.
Should I hold both FLRN and SCHD?
FLRN and SCHD have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLRN and SCHD?
FLRN and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 412 unique securities.
Which pays a higher dividend, FLRN or SCHD?
FLRN yields 4.57% while SCHD yields 3.31%, so FLRN currently pays the higher dividend yield.
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