FLRN vs BITB
Comparison between SPDR BLOOMBERG INVESTMENT GRADE FLOATING RATE ETF (FLRN, ETF) and Bitwise Bitcoin ETF (BITB, ETF).
FLRN vs BITB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FLRN
$2.80B
Winner
BITB
$2.90B
Expense Ratio
Winner
FLRN
0.15%
BITB
0.20%
Max Drawdown
Winner
FLRN
20.15%
BITB
49.38%
Sharpe Ratio
Winner
FLRN
1.82
BITB
-0.44
5Y Beta
Winner
FLRN
0.05
BITB
1.27
5Y Dividends CAGR
FLRN
44.39%
BITB
N/A
FLRN vs BITB - Historical Returns
Returns include dividend reinvestment.
1M
FLRN
+0.41%
Winner
BITB
+10.09%
3M
FLRN
+0.99%
Winner
BITB
+23.58%
6M
Winner
FLRN
+2.08%
BITB
-20.53%
1Y
Winner
FLRN
+4.92%
BITB
-20.86%
5Y(CAGR)
FLRN
+4.12%
BITB
N/A
10Y(CAGR)
FLRN
+2.98%
BITB
N/A
Max(CAGR)
FLRN
+2.45%
Winner
BITB
+26.10%
FLRN vs BITB - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | FLRN | BITB |
|---|---|---|
| 2026 | +1.45% | -10.10% |
| 2025 | +4.97% | -10.26% |
| 2024 | +6.28% | +99.10% |
| 2023 | +6.50% | N/A |
| 2022 | +1.28% | N/A |
| 2021 | +0.33% | N/A |
| 2020 | +0.80% | N/A |
| 2019 | +4.16% | N/A |
| 2018 | +1.43% | N/A |
| 2017 | +1.91% | N/A |
| 2016 | +1.73% | N/A |
| 2015 | +0.47% | N/A |
| 2014 | +0.07% | N/A |
| 2013 | +0.87% | N/A |
| 2012 | +2.91% | N/A |
| 2011 | +0.86% | N/A |
FLRN vs BITB Drawdown Comparison
The maximum drawdown for FLRN was -14.64%, occurring on Mar 18, 2020. Recovery took 115 trading sessions.
The maximum drawdown for BITB was -49.38%, occurring on Feb 5, 2026. This drawdown has not yet recovered.
The current FLRN drawdown is -0.03%. The current BITB drawdown is -35.74%.
| Rank | FLRN | BITB |
|---|---|---|
| #1 | -14.64% Feb 21, 2020 - Aug 5, 2020 | -49.38% Oct 6, 2025 - Feb 5, 2026 |
| #2 | -7.84% Jan 17, 2012 - May 2, 2018 | -28.19% Dec 17, 2024 - May 20, 2025 |
| #3 | -2.16% Mar 7, 2023 - Apr 17, 2023 | -27.44% Mar 13, 2024 - Nov 6, 2024 |
| #4 | -1.46% Feb 7, 2022 - Sep 7, 2022 | -16.25% Jan 11, 2024 - Feb 9, 2024 |
| #5 | -1.43% Apr 2, 2025 - Apr 28, 2025 | -11.96% Aug 13, 2025 - Oct 6, 2025 |
| #6 | -0.89% Nov 12, 2018 - Jan 18, 2019 | -8.50% Mar 4, 2024 - Mar 7, 2024 |
| #7 | -0.57% Sep 23, 2022 - Nov 8, 2022 | -8.45% Nov 22, 2024 - Dec 6, 2024 |
| #8 | -0.46% Aug 1, 2024 - Aug 9, 2024 | -8.38% May 22, 2025 - Jul 9, 2025 |
| #9 | -0.43% Apr 17, 2023 - Apr 27, 2023 | -5.73% Jul 14, 2025 - Aug 13, 2025 |
| #10 | -0.33% May 3, 2023 - May 12, 2023 | -5.30% Dec 6, 2024 - Dec 13, 2024 |
| #11 | -0.26% May 1, 2023 - May 3, 2023 | -2.48% Nov 13, 2024 - Nov 15, 2024 |
| #12 | -0.23% Dec 1, 2011 - Dec 15, 2011 | -1.94% Feb 20, 2024 - Feb 22, 2024 |
| #13 | -0.23% Mar 9, 2026 - Mar 23, 2026 | -1.83% Feb 22, 2024 - Feb 26, 2024 |
| #14 | -0.21% Mar 23, 2026 - Apr 6, 2026 | -1.50% Feb 12, 2024 - Feb 14, 2024 |
| #15 | -0.21% Sep 29, 2021 - Feb 7, 2022 | -0.94% Mar 11, 2024 - Mar 13, 2024 |
Correlation
Correlation between FLRN and BITB is 0.52 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.52
-101
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