SPSB vs FLRN: Holdings Overlap
SPSBState Street® SPDR® Portfolio Short Term Corporate Bond ETF
State Street (SPDR) · 1618 holdings · $10.7B · as of 2026-08-06
FLRNState Street® SPDR® Bloomberg Investment Grade Floating Rate ETF
State Street (SPDR) · 543 holdings · $3.0B · as of 2026-08-06
How similar are SPSB and FLRN?
State Street® SPDR® Portfolio Short Term Corporate Bond ETF (SPSB, by State Street (SPDR)) holds 1618 positions; State Street® SPDR® Bloomberg Investment Grade Floating Rate ETF (FLRN, by State Street (SPDR)) holds 543. They have 9 holdings in common, and by portfolio weight the two funds are 1.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9SPSB holds 1618 · FLRN holds 543
- Weight in Shared Holdings
- SPSB 2%·FLRN 1%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in SPSB
1609 of 1618 positions (97.3% of the fund) are not held by FLRN. Showing the top 30 by weight.
- SALESFORCE INC SR UNSECURED 03/29 4.650.64%
- MORGAN STANLEY SR UNSECURED 04/30 VAR0.59%
- AERCAP IRELAND CAP/GLOBA COMPANY GUAR 10/28 30.45%
- BANK OF AMERICA CORP SR UNSECURED 12/28 VAR0.45%
- MORGAN STANLEY SR UNSECURED 07/29 VAR0.37%
- PFIZER INVESTMENT ENTER COMPANY GUAR 05/28 4.450.35%
Only in FLRN
534 of 543 positions (97.5% of the fund) are not held by SPSB. Showing the top 30 by weight.
- EUROPEAN BK RECON + DEV SR UNSECURED 02/28 VAR1.23%
- INTL BK RECON + DEVELOP SR UNSECURED 08/27 VAR1.10%
- INTL BK RECON + DEVELOP SR UNSECURED 01/27 VAR0.86%
- EUROPEAN BK RECON + DEV SR UNSECURED 07/30 VAR0.85%
- EUROPEAN BK RECON + DEV SR UNSECURED 02/29 VAR0.83%
- KOMMUNALBANKEN AS SR UNSECURED 144A 04/29 VAR0.79%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPSB | +0.4% | +1.5% | +3.6% | +5.3% | +2.8% | +2.6% | 4.36% |
| FLRN | +0.3% | +2.5% | +4.5% | +5.5% | +4.3% | +3.1% | 4.38% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in SPSB vs FLRN →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by MIZUHO FINANCIAL GROUP SR UNSECURED 07/30 VAR, GOLDMAN SACHS GROUP INC SR UNSECURED 01/29 VAR and MORGAN STANLEY SR UNSECURED 01/30 VAR.
| MIZUHO FINANCIAL GROUP SR UNSECURED 07/30 VAR | 0.30% | 0.25% | 0.25% |
|---|---|---|---|
| GOLDMAN SACHS GROUP INC SR UNSECURED 01/29 VAR | 0.35% | 0.23% | 0.23% |
| MORGAN STANLEY SR UNSECURED 01/30 VAR | 0.41% | 0.20% | 0.20% |
| AMERICAN EXPRESS CO SR UNSECURED 07/29 VAR | 0.19% | 0.28% | 0.19% |
| TRUIST BANK SR UNSECURED 01/29 VAR | 0.16% | 0.13% | 0.13% |
| WELLS FARGO + COMPANY SR UNSECURED 01/30 VAR | 0.09% | 0.15% | 0.09% |
| GOLDMAN SACHS GROUP INC SR UNSECURED 04/30 VAR | 0.09% | 0.15% | 0.09% |
| BANK OF NY MELLON CORP SR UNSECURED 01/30 VAR | 0.03% | 0.09% | 0.03% |
| EURO CURRENCY | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
How much do SPSB and FLRN overlap?
SPSB and FLRN overlap by 1.2% of portfolio weight. They share 9 holdings (SPSB holds 1618 positions and FLRN holds 543), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPSB and FLRN?
The two portfolios are 1.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SPSB and FLRN?
The largest positions held by both funds are MIZUHO FINANCIAL GROUP SR UNSECURED 07/30 VAR, GOLDMAN SACHS GROUP INC SR UNSECURED 01/29 VAR, MORGAN STANLEY SR UNSECURED 01/30 VAR, AMERICAN EXPRESS CO SR UNSECURED 07/29 VAR and TRUIST BANK SR UNSECURED 01/29 VAR. Together the top 9 shared positions account for 100% of the total overlap.
What does SPSB own that FLRN doesn't?
1609 positions (97.3% of SPSB) are unique to SPSB, led by SALESFORCE INC SR UNSECURED 03/29 4.65, MORGAN STANLEY SR UNSECURED 04/30 VAR and AERCAP IRELAND CAP/GLOBA COMPANY GUAR 10/28 3. In the other direction, 534 positions (97.5% of FLRN) are unique to FLRN.