- Issuer
- iShares
- Inception Date
- Sep 4, 2018
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FLOS.L Performance Chart
iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) is up 2.4% since the beginning of the year. FLOS.L is currently trading at £5 per share. Investors who bought £1,000 worth of FLOS.L shares 5 years ago would now be looking at an investment worth £1,217.
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Returns By Period
iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) has returned 2.36% so far this year and 4.64% over the past 12 months.
iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)
- 1D
- 0.04%
- 1M
- 0.31%
- 6M
- 2.21%
- YTD
- 2.36%
- 1Y
- 4.64%
- 3Y*
- 5.41%
- 5Y*
- 4.01%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
FLOS.L Monthly Returns History
Based on dividend-adjusted daily data since Aug 31, 2017, FLOS.L's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.
Historically, 77% of months were positive and 23% were negative. The best month was Apr 2020 with a return of +3.3%, while the worst month was Mar 2020 at -5.2%. The longest winning streak lasted 35 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FLOS.L closed higher 55% of trading days. The best single day was Mar 23, 2020 with a return of +4.9%, while the worst single day was Mar 19, 2020 at -4.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.36% | 0.37% | -0.12% | 0.78% | 0.39% | 0.49% | 0.08% | 2.36% | |||||
| 2025 | 0.43% | 0.39% | 0.30% | 0.14% | 0.56% | 0.43% | 0.62% | 0.31% | 0.43% | 0.44% | 0.33% | 0.31% | 4.78% |
| 2024 | 0.56% | 0.73% | 0.49% | 0.45% | 0.60% | 0.41% | 0.48% | 0.39% | 0.46% | 0.49% | 0.47% | 0.54% | 6.24% |
| 2023 | 0.63% | 0.60% | -0.32% | 0.79% | 0.51% | 0.68% | 0.50% | 0.47% | 0.52% | 0.36% | 0.48% | 0.62% | 6.00% |
| 2022 | 0.05% | -0.06% | -0.23% | -0.11% | -0.03% | -0.75% | 0.40% | 0.50% | 0.14% | -0.04% | 0.43% | 0.52% | 0.83% |
| 2021 | -0.04% | 0.07% | 0.04% | -0.06% | 0.15% | 0.00% | 0.09% | -0.07% | 0.09% | -0.03% | -0.05% | -0.09% | 0.10% |
Benchmark Metrics
iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) has an annualized alpha of 2.92%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since August 31, 2017.
- This ETF captured 7.87% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.71%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.02 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.92%
- Beta
- -0.02
- R²
- 0.01
- Upside Capture
- 7.87%
- Downside Capture
- -0.71%
Expense Ratio
FLOS.L has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
FLOS.L ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLOS.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.57 | ||
| Sortino ratioReturn per unit of downside risk | +5.34 | ||
| Omega ratioGain probability vs. loss probability | 2.00 | 1.31 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 15.76 | 2.50 | +13.26 |
| Martin ratioReturn relative to average drawdown | 79.94 | 9.11 | +70.83 |
Dividends
Dividend History
iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) provided a 4.68% dividend yield over the last twelve months, with an annual payout of £0.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | £0.22 | £0.24 | £0.28 | £0.26 | £0.07 | £0.03 | £0.08 | £0.14 | £0.11 |
Dividend yield | 4.68% | 5.02% | 5.93% | 5.46% | 1.50% | 0.57% | 1.62% | 2.95% | 2.27% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | £0.00 | £0.00 | £0.00 | £0.00 | £0.10 | £0.00 | £0.00 | £0.10 | |||||
| 2025 | £0.00 | £0.00 | £0.00 | £0.00 | £0.11 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.12 | £0.00 | £0.24 |
| 2024 | £0.00 | £0.00 | £0.00 | £0.00 | £0.14 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.14 | £0.00 | £0.28 |
| 2023 | £0.00 | £0.00 | £0.00 | £0.00 | £0.11 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.15 | £0.00 | £0.26 |
| 2022 | £0.00 | £0.00 | £0.00 | £0.00 | £0.01 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.06 | £0.00 | £0.07 |
| 2021 | £0.00 | £0.00 | £0.00 | £0.00 | £0.02 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.01 | £0.00 | £0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) was 14.78%, occurring on Mar 19, 2020. Recovery took 331 trading sessions.
The current iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) drawdown is 0.09%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.78%Mar 2020 | 24d | 1y 3mo | 1y 4moFeb 2020 - Jul 2021 | COVID crash2020 |
-2.13%Mar 2023 | 5d | 1mo 14d | 1mo 19dMar 2023 - Apr 2023 | — |
-1.72%Jun 2022 | 8mo 13d | 5mo 16d | 1y 1moOct 2021 - Nov 2022 | Bear market2022 |
-1.46%Apr 2025 | 5d | 18d | 23dApr 2025 - Apr 2025 | 2025 selloff2025 |
-1.36%Dec 2018 | 2mo 2d | 2mo 25d | 4mo 27dOct 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| FLOS.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -37.07% | +22.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.29% | -8.03% | +7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -22.15% | +20.69% |
Max Drawdown (5Y)Largest decline over 5 years | -2.13% | -22.15% | +20.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -0.09% | -1.42% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -5.29% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 2.20% | -2.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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