VTEC vs FLRN
Comparison between VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF) and STATE STREET(R) SPDR(R) BLOOMBERG INVESTMENT GRADE FLOATING RATE ETF (FLRN, ETF).
VTEC vs FLRN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VTEC
$3.10B
FLRN
$3.10B
Expense Ratio
Winner
VTEC
0.06%
FLRN
0.15%
Max Drawdown
Winner
VTEC
5.70%
FLRN
20.15%
Sharpe Ratio
VTEC
0.28
Winner
FLRN
0.87
5Y Beta
VTEC
0.05
Winner
FLRN
0.04
5Y Dividends CAGR
VTEC
N/A
FLRN
50.46%
VTEC vs FLRN - Historical Returns
Returns include dividend reinvestment.
1M
VTEC
-0.59%
Winner
FLRN
+0.35%
3M
VTEC
+0.36%
Winner
FLRN
+1.05%
6M
VTEC
-1.44%
Winner
FLRN
+2.08%
1Y
Winner
VTEC
+4.69%
FLRN
+4.48%
5Y(CAGR)
VTEC
N/A
FLRN
+4.36%
10Y(CAGR)
VTEC
N/A
FLRN
+3.08%
Max(CAGR)
VTEC
+2.13%
Winner
FLRN
+2.49%
VTEC vs FLRN - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | VTEC | FLRN |
|---|---|---|
| 2026 | +0.05% | +2.71% |
| 2025 | +3.86% | +4.97% |
| 2024 | +1.42% | +6.28% |
| 2023 | N/A | +6.50% |
| 2022 | N/A | +1.28% |
| 2021 | N/A | +0.33% |
| 2020 | N/A | +0.80% |
| 2019 | N/A | +4.16% |
| 2018 | N/A | +1.43% |
| 2017 | N/A | +1.91% |
| 2016 | N/A | +1.73% |
| 2015 | N/A | +0.47% |
| 2014 | N/A | +0.07% |
| 2013 | N/A | +0.87% |
| 2012 | N/A | +2.91% |
| 2011 | N/A | +0.86% |
VTEC vs FLRN Drawdown Comparison
The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.
The maximum drawdown for FLRN was -14.64%, occurring on Mar 18, 2020. Recovery took 115 trading sessions.
The current VTEC drawdown is -1.70%.
| Rank | VTEC | FLRN |
|---|---|---|
| #1 | -4.50% Dec 2, 2024 - Sep 8, 2025 | -14.64% Feb 21, 2020 - Aug 5, 2020 |
| #2 | -2.85% Feb 27, 2026 - Mar 27, 2026 | -7.84% Jan 17, 2012 - May 2, 2018 |
| #3 | -2.43% Feb 1, 2024 - Aug 1, 2024 | -2.16% Mar 7, 2023 - Apr 17, 2023 |
| #4 | -2.13% Oct 1, 2024 - Dec 2, 2024 | -1.46% Feb 7, 2022 - Sep 7, 2022 |
| #5 | -0.79% Aug 6, 2024 - Sep 5, 2024 | -1.43% Apr 2, 2025 - Apr 28, 2025 |
| #6 | -0.47% Sep 17, 2025 - Oct 10, 2025 | -0.89% Nov 12, 2018 - Jan 18, 2019 |
| #7 | -0.44% Nov 26, 2025 - Dec 24, 2025 | -0.57% Sep 23, 2022 - Nov 8, 2022 |
| #8 | -0.42% Nov 11, 2025 - Nov 26, 2025 | -0.46% Aug 1, 2024 - Aug 9, 2024 |
| #9 | -0.34% Oct 29, 2025 - Nov 11, 2025 | -0.43% Apr 17, 2023 - Apr 27, 2023 |
| #10 | -0.31% Jan 14, 2026 - Jan 30, 2026 | -0.33% May 3, 2023 - May 12, 2023 |
| #11 | -0.16% Sep 27, 2024 - Oct 1, 2024 | -0.26% May 1, 2023 - May 3, 2023 |
| #12 | -0.12% Sep 10, 2024 - Sep 13, 2024 | -0.23% Dec 1, 2011 - Dec 15, 2011 |
| #13 | -0.11% Sep 17, 2024 - Sep 26, 2024 | -0.23% Mar 9, 2026 - Mar 23, 2026 |
| #14 | -0.10% Sep 8, 2025 - Sep 10, 2025 | -0.21% Mar 23, 2026 - Apr 6, 2026 |
| #15 | -0.09% Sep 11, 2025 - Sep 15, 2025 | -0.21% Sep 29, 2021 - Feb 7, 2022 |
Correlation
Correlation between VTEC and FLRN is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
Dividend Comparison (2011 - 2026)
VTEC vs FLRN dividend yield comparison.
| Year | VTEC | FLRN |
|---|---|---|
| 2026 | 1.83% | 2.41% |
| 2025 | 3.13% | 4.89% |
| 2024 | 2.54% | 5.67% |
| 2023 | 0.00% | 5.68% |
| 2022 | 0.00% | 1.95% |
| 2021 | 0.00% | 0.39% |
| 2020 | 0.00% | 1.22% |
| 2019 | 0.00% | 2.76% |
| 2018 | 0.00% | 2.39% |
| 2017 | 0.00% | 1.64% |
| 2016 | 0.00% | 1.06% |
| 2015 | 0.00% | 0.63% |
| 2014 | 0.00% | 0.53% |
| 2013 | 0.00% | 0.72% |
| 2012 | 0.00% | 1.59% |
| 2011 | 0.00% | 0.13% |
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