|Day Lo||-||Day Hi||-|
This ETF offers cheap, liquid exposure to high quality floating rate bonds, an asset class that can be useful for capturing a bit of return in certain environments. Floating rate debt has very low sensitivity to interest rates, since the payouts to investors adjust with movements in a reference benchmark rate. So for those concerned about increases in interest rates, FLRN can be a useful tool for minimizing interest rate risk while still deriving some yield. It should be noted that FLRN is unlikely to deliver substantial current returns to investors; because of the floating rate feature and the focus on investment grade debt, there is little in the way of credit risk or interest rate risk to require compensation. So this security should exhibit relatively low volatility; it can be a nice way to generate a little bit of yield, perhaps as a place to park cash in between allocations to riskier asset classes. There are a number of other ETFs that offer similar exposure to floating rate debt; alternatives include FLOT and FLTR. One advantage of FLRN: this ETF is incredibly cheap.
The adjacent table gives investors an individual Realtime Rating for FLRN on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Total Bond Market with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
|Corporate Senior Note||71.3%|
|Supranational Senior Note||9.4%|
|Agency Senior Note||5.03%|
|Corporate Senior Bank Note||4.09%|
|Corporate Unsecured Note||3.43%|
|Agency Unsecured Note||1.04%|
|Provincial Unsecured Note||0.26%|
|Provincial Senior Note||0.16%|
|0% to 1%||0.0%|
|1% to 2%||70.46%|
|2% to 3%||27.74%|
|3% to 4%||1.66%|
|4% to 5%||0.0%|
|5% to 6%||0.0%|
|6% to 7%||0.0%|
|7% to 8%||0.0%|
|8% to 9%||0.0%|
|9% to 10%||0.0%|
|Greater Than 10%||0.0%|
|N/A or Unknown||0.13%|
|Less Than 1 Year||26.75%|
This ETF is not currently available for commission free trading on any platforms.
There are 13 other ETFs in the Total Bond Market ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of FLRN relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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