FLUDvsFLRNETF Comparison
VS
ETF 2
FLRN
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
This fund is part of
US Corporate IG Bonds
-0.2%
Franklin Ultra Short Bond ETF (FLUD) belongs to the Money Market Bonds segment. State Street SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) is part of the US Corporate IG Bonds segment. FLUD's top 3 sector exposures are Finance, Industrials and Consumer Cyclicals. In contrast, FLRN's top sector exposures are Finance, Consumer Cyclicals and Industrials. Both FLUD and FLRN have the same Total Expense Ratio (TER) of 0.15%. FLUD is up 0.47% year-to-date (YTD) with +$402M in YTD flows. FLRN performs better with 2.84% YTD performance, and +$228M in YTD flows. Run a side-by-side ETF comparison of FLUD and FLRN below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FLUD vs FLRN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLUD FLRN | -0.05%+0.32% | -0.05%+1.05% | +0.47%+2.84% | +2.37%+4.45% | +13.85%+17.15% | +16.87%+23.87% |
| Flows | FLUD FLRN | +$21M-$175M | +$187M+$22M | +$402M+$228M | +$428M+$157M | +$579M+$548M | +$578M+$445M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLUD FLRN | +1.18%+0.16% | +0.93%+0.17% | +0.71%+0.23% | +0.69%+0.37% |
| Max drawdown | FLUD FLRN | -0.38%n/a | -0.38%n/a | -0.38%-0.19% | -2.06%-0.82% |
| Max drawdown duration | FLUD FLRN | 33dn/a | 33dn/a | 33d21d | 534d318d |
Trading data
FLUD | FLRN | |
Last sale 9/2/2026 at 1:30 PM | $24.93 | $30.75 |
| Previous close 09/01/2026 | $24.94 | $30.75 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FLUD
is actively managed and doesn’t replicate an indexFLUD | FLRN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
FLUD | FLRN | |
|---|---|---|
| Last price | $24.93 | $30.75 |
| 1D performance | -0.04% | +0.00% |
| AuM | $580.94 M | $2.93 B |
| E/R | 0.15% | 0.15% |
Characteristics
FLUD | FLRN | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | State Street Investment Management |
| Benchmark | - | Bloomberg U.S. Floating Rate Note < 5 Years Index |
| N° of holdings | 416 | 533 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 14, 2020 | November 30, 2011 |
| ESG | No | No |
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Exposure
Countries
FLUD
USA
43.54%
Canada
7.4%
Other
49.07%
FLRN
USA
49.23%
United Kingdom
8.42%
Australia
7.62%
Other
34.73%
Sectors
FLUD
Finance
65.21%
Other
34.79%
FLRN
Finance
81.95%
Other
18.05%
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Diversification
FLUD
Total weight of top 15 holdings out of 15
9.58%
FLRN
Total weight of top 15 holdings out of 15
11.56%
Top 15 holdings
Data as of July 31, 2026
FLUD
USA, Notes 3.75% 30apr2028, USD (BA-2028)
1.16%
USA, Notes 3.375% 29feb2028, USD (AY-2028)
1.10%
JP Morgan, FRN 23apr2030, USD
0.70%
NatWest Group, 5.583% 1mar2028, USD
0.67%
Caixabank, 6.208% 18jan2029, USD (1)
0.64%
ABN AMRO, 4.988% 3dec2028, USD (28)
0.60%
Banco Bilbao (BBVA), 6.138% 14sep2028, USD
0.54%
Sumitomo Mitsui FG, FRN 15jan2029, USD
0.54%
BPCE, 6.612% 19oct2027, USD (61)
0.53%
BMW US Capital, FRN 13aug2027, USD
0.53%
Rabobank, 3.649% 6apr2028, USD (3241A)
0.52%
Banque Federative du Credit Mutuel, FRN 16oct2028, USD
0.52%
BNP Paribas, 3.5% 16nov2027, USD (2764)
0.51%
Aercap Holdings, 3% 29oct2028, USD
0.51%
Societe Generale, 5.25% 19feb2027, USD
0.49%
FLRN
EBRD, FRN 20feb2028, USD
1.21%
IBRD, FRN 19aug2027, USD (101196)
1.04%
EBRD, FRN 22jul2030, USD
0.84%
IBRD, FRN 12jan2027, USD (101643)
0.82%
EBRD, FRN 16feb2029, USD
0.79%
KBN (Kommunalbanken), FRN 9apr2029, USD (5621)
0.75%
Inter-American Development Bank (IDB), FRN 5oct2028, USD (886)
0.75%
KBN (Kommunalbanken), FRN 3mar2028, USD (5596)
0.70%
IBRD, FRN 15jun2027, USD (102047)
0.70%
IFC, FRN 28aug2028, USD (2673)
0.69%
Inter-American Development Bank (IDB), FRN 13mar2030, USD (980)
0.67%
IBRD, FRN 23sep2026, USD (101592)
0.66%
Inter-American Development Bank (IDB), FRN 20mar2028, USD (790)
0.66%
Inter-American Development Bank (IDB), FRN 4oct2027, USD
0.65%
Inter-American Development Bank (IDB), FRN 1aug2029, USD (934)
0.62%
Frequently asked questions about FLUD and FLRN
How have the FLUD and FLRN ETFs performed in 2026?
As of September 1, 2026, FLUD is up 0.47% year-to-date (YTD), while FLRN has returned 2.84%. That puts FLRN better performer ahead so far this year.
Which ETF is attracting more investor money: FLUD or FLRN?
Year-to-date, the FLUD ETF saw +$402M in flows, compared to +$228M for FLRN.
Which ETF is more volatile: FLUD or FLRN?
Over the past year, FLUD had a volatility of 0.93%, while FLRN experienced 0.17%.
Which ETF is bigger: FLUD or FLRN?
As of September 1, 2026, FLUD holds $580.94 M in assets under management (AUM), while FLRN manages $2.93 B.
What sectors do the FLUD and FLRN ETFs invest in?
FLUD leans toward sectors like Finance. Meanwhile, FLRN focuses on Finance.
What are the top holdings of the FLUD ETF and FLRN ETF?
FLUD top holdings include USA, Notes 3.75% 30apr2028, USD (BA-2028), USA, Notes 3.375% 29feb2028, USD (AY-2028) and JP Morgan, FRN 23apr2030, USD. FLRN holds in its top three: EBRD, FRN 20feb2028, USD, IBRD, FRN 19aug2027, USD (101196) and EBRD, FRN 22jul2030, USD.
Which ETF is more diversified: FLUD or FLRN?
FLUD holds 416 securities with 9.58% of its assets in the top 15. FLRN has 537 securities and a top 15 weight of 11.56%.
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Latest news about FLUD & FLRN
Renewed Interest in IG Corporate Bonds as Treasury Yields Fall
October 16, 2023
FLRN
Higher Interest Rates for Longer: The Case for Floating Rate Bond ETFs
October 13, 2023
FLRN
Navigating the Changing Equity Risk Premium Landscape: What Investors Need to Know
September 21, 2023
FLRN
Looking Across the Fixed Income Spectrum
January 13, 2023
FLRN
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