iShares Floating Rate Bond ETF (FLOT)
FLOT is a passive ETF by iShares tracking the investment results of the Bloomberg US Floating Rate Notes (<5 Y). FLOT launched on Jun 14, 2011 and has a 0.20% expense ratio.
ETF Info
| ISIN | US46429B6552 |
|---|---|
| CUSIP | 46429B655 |
| Issuer | iShares |
| Inception Date | Jun 14, 2011 |
| Region | Developed Markets (Broad) |
| Category | Corporate Bonds |
| Leveraged | 1x |
| Index Tracked | Bloomberg US Floating Rate Notes (<5 Y) |
| Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
FLOT has an expense ratio of 0.20%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FLOT vs. SGOV, FLOT vs. USFR, FLOT vs. FLRN, FLOT vs. FLTR, FLOT vs. IUSB, FLOT vs. FALN, FLOT vs. NEAR, FLOT vs. TLT, FLOT vs. BND, FLOT vs. TIP
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares Floating Rate Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
iShares Floating Rate Bond ETF had a return of 5.76% year-to-date (YTD) and 6.53% in the last 12 months. Over the past 10 years, iShares Floating Rate Bond ETF had an annualized return of 2.34%, while the S&P 500 had an annualized return of 11.11%, indicating that iShares Floating Rate Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.76% | 23.08% |
| 1 month | 0.79% | 0.48% |
| 6 months | 2.92% | 10.70% |
| 1 year | 6.53% | 30.22% |
| 5 years (annualized) | 2.99% | 13.50% |
| 10 years (annualized) | 2.34% | 11.11% |
Monthly Returns
The table below presents the monthly returns of FLOT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.63% | 0.75% | 0.47% | 0.58% | 0.59% | 0.39% | 0.53% | 0.42% | 0.46% | 0.45% | 5.76% | ||
| 2023 | 0.66% | 0.72% | -0.41% | 0.91% | 0.67% | 0.66% | 0.54% | 0.51% | 0.54% | 0.49% | 0.44% | 0.52% | 6.43% |
| 2022 | -0.06% | -0.03% | -0.26% | 0.02% | -0.23% | -0.81% | 0.66% | 0.43% | 0.06% | 0.19% | 0.70% | 0.60% | 1.28% |
| 2021 | 0.24% | 0.06% | -0.10% | -0.02% | 0.14% | 0.08% | -0.01% | -0.01% | 0.15% | -0.07% | -0.09% | 0.06% | 0.45% |
| 2020 | 0.29% | -0.05% | -4.18% | 2.77% | 0.75% | 0.77% | 0.25% | 0.11% | 0.11% | -0.02% | 0.16% | 0.03% | 0.87% |
| 2019 | 0.79% | 0.45% | 0.34% | 0.36% | 0.22% | 0.21% | 0.26% | 0.24% | 0.31% | 0.26% | 0.21% | 0.24% | 3.97% |
| 2018 | 0.39% | 0.12% | -0.01% | 0.36% | 0.19% | 0.11% | 0.25% | 0.30% | 0.14% | 0.14% | -0.29% | -0.24% | 1.48% |
| 2017 | 0.10% | 0.22% | 0.16% | 0.09% | 0.15% | 0.20% | 0.16% | 0.03% | 0.23% | 0.15% | 0.16% | -0.01% | 1.64% |
| 2016 | -0.18% | -0.19% | 0.43% | 0.26% | 0.09% | 0.25% | 0.08% | 0.31% | 0.10% | 0.13% | 0.06% | 0.20% | 1.56% |
| 2015 | 0.06% | 0.18% | 0.04% | 0.12% | 0.04% | -0.04% | 0.03% | -0.06% | -0.21% | -0.03% | 0.09% | 0.12% | 0.33% |
| 2014 | -0.08% | 0.05% | 0.08% | 0.06% | 0.02% | 0.21% | 0.06% | 0.02% | 0.09% | -0.20% | 0.02% | -0.24% | 0.08% |
| 2013 | 0.08% | 0.14% | 0.07% | 0.00% | 0.07% | -0.12% | 0.14% | 0.05% | 0.07% | 0.07% | -0.10% | 0.25% | 0.74% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FLOT is 99, placing it in the top 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares Floating Rate Bond ETF provided a 5.92% dividend yield over the last twelve months, with an annual payout of $3.02 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.02 | $2.87 | $1.04 | $0.22 | $0.63 | $1.42 | $1.21 | $0.74 | $0.49 | $0.27 | $0.22 | $0.24 |
Dividend yield | 5.92% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.45% | 0.97% | 0.53% | 0.44% | 0.48% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Floating Rate Bond ETF. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.26 | $0.24 | $0.26 | $0.25 | $0.26 | $0.25 | $0.25 | $0.26 | $0.24 | $0.24 | $2.51 | |
| 2023 | $0.00 | $0.22 | $0.20 | $0.22 | $0.23 | $0.24 | $0.23 | $0.25 | $0.25 | $0.25 | $0.25 | $0.51 | $2.87 |
| 2022 | $0.00 | $0.02 | $0.02 | $0.02 | $0.03 | $0.04 | $0.05 | $0.07 | $0.11 | $0.13 | $0.17 | $0.39 | $1.04 |
| 2021 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2020 | $0.00 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.04 | $0.04 | $0.03 | $0.02 | $0.02 | $0.05 | $0.63 |
| 2019 | $0.00 | $0.13 | $0.12 | $0.13 | $0.12 | $0.13 | $0.12 | $0.12 | $0.13 | $0.11 | $0.11 | $0.19 | $1.42 |
| 2018 | $0.00 | $0.07 | $0.08 | $0.08 | $0.09 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.24 | $1.21 |
| 2017 | $0.00 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.13 | $0.74 |
| 2016 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.12 | $0.49 |
| 2015 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.05 | $0.27 |
| 2014 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.22 |
| 2013 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.24 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Floating Rate Bond ETF. 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 ETF was 13.54%, occurring on Mar 19, 2020. Recovery took 96 trading sessions.
The current iShares Floating Rate Bond ETF drawdown is 0.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.54% | Feb 24, 2020 | 19 | Mar 19, 2020 | 96 | Aug 5, 2020 | 115 |
| -2.65% | Jul 11, 2011 | 64 | Oct 7, 2011 | 95 | Feb 24, 2012 | 159 |
| -2.36% | Mar 9, 2023 | 5 | Mar 15, 2023 | 25 | Apr 20, 2023 | 30 |
| -1.74% | Oct 1, 2021 | 179 | Jun 16, 2022 | 67 | Sep 22, 2022 | 246 |
| -1.06% | Nov 13, 2018 | 16 | Dec 6, 2018 | 30 | Jan 22, 2019 | 46 |
Volatility
Volatility Chart
The current iShares Floating Rate Bond ETF volatility is 0.20%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.