State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF vs iShares MBS ETF — how do they compare? State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF trades at $30.77, while iShares MBS ETF trades at $92.85. The key difference: State Street SPDR Bloomberg Invstmt Gr Fltg Rt ETF is trading nearer its 52-week high, iShares MBS ETF nearer its low. Which is the better fit depends on your goals.
| FLRN | MBB | |
|---|---|---|
Sector | Sector/Thematic | — |
52-Week High | $30.86 | $96.91 |
52-Week Low | $30.65 | $92.72 |
Trailing returns across standard periods
FLRN invests in U.S. dollar-denominated investment-grade floating rate notes with maturities under five years. It provides exposure to corporate and supranational debt whose interest payments adjust with market rates, helping to mitigate interest rate risk.
Read more on FLRN →The fund will invest at least 80% of its assets in the component securities of the underlying index and TBAs that have economic characteristics that are substantially identical to the economic characteristics of the component securities of the index, and the fund will invest at least 90% of its assets in fixed income securities included in the underlying index that advisor believes will help the fund track the index.
Read more on MBB →