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iShares Floating Rate Bond ETF (FLOT)

ETF · Currency in USD · Last updated Mar 18, 2023

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.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in iShares Floating Rate Bond ETF in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $11,577 for a total return of roughly 15.77%. All prices are adjusted for splits and dividends.


0.00%5.00%10.00%NovemberDecember2023FebruaryMarch
1.49%
6.47%
FLOT (iShares Floating Rate Bond ETF)
Benchmark (^GSPC)

S&P 500

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Return

iShares Floating Rate Bond ETF had a return of -0.05% year-to-date (YTD) and 1.84% in the last 12 months. Over the past 10 years, iShares Floating Rate Bond ETF had an annualized return of 1.21%, while the S&P 500 had an annualized return of 9.71%, indicating that iShares Floating Rate Bond ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-0.99%-5.31%
Year-To-Date-0.05%2.01%
6 months1.28%0.39%
1 year1.84%-10.12%
5 years (annualized)1.49%7.32%
10 years (annualized)1.21%9.71%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20230.66%0.72%
20220.05%0.19%0.70%0.60%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current iShares Floating Rate Bond ETF Sharpe ratio is 0.66. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.501.001.502.00NovemberDecember2023FebruaryMarch
0.66
-0.43
FLOT (iShares Floating Rate Bond ETF)
Benchmark (^GSPC)

Dividend History

iShares Floating Rate Bond ETF granted a 2.94% dividend yield in the last twelve months. The annual payout for that period amounted to $1.46 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$1.46$1.04$0.22$0.63$1.42$1.21$0.74$0.49$0.27$0.22$0.24$0.51

Dividend yield

2.94%2.08%0.44%1.29%2.91%2.59%1.61%1.09%0.60%0.50%0.54%1.15%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.22
2022$0.00$0.02$0.02$0.02$0.02$0.04$0.05$0.07$0.11$0.13$0.17$0.39
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
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
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
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
2017$0.00$0.05$0.05$0.06$0.06$0.06$0.06$0.06$0.07$0.07$0.07$0.13
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
2015$0.00$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.05
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
2013$0.00$0.03$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.04
2012$0.04$0.04$0.05$0.04$0.05$0.03$0.05$0.04$0.04$0.04$0.07

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2023FebruaryMarch
-1.64%
-18.34%
FLOT (iShares Floating Rate Bond ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the iShares Floating Rate Bond ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the iShares Floating Rate Bond ETF is 13.54%, recorded on Mar 19, 2020. It took 96 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-13.54%Feb 24, 202019Mar 19, 202096Aug 5, 2020115
-2.64%Jul 11, 201164Oct 7, 201195Feb 24, 2012159
-2.37%Mar 9, 20235Mar 15, 2023
-1.74%Oct 1, 2021179Jun 16, 202267Sep 22, 2022246
-1.06%Nov 13, 201816Dec 6, 201830Jan 22, 201946
-0.84%Mar 5, 201257May 23, 201230Jul 6, 201287
-0.64%Nov 2, 201221Dec 3, 201215Dec 24, 201236
-0.6%Sep 26, 202215Oct 14, 202212Nov 1, 202227
-0.59%May 20, 2015204Mar 10, 201625Apr 15, 2016229
-0.56%Sep 30, 201463Dec 29, 201497May 19, 2015160

Volatility Chart

Current iShares Floating Rate Bond ETF volatility is 11.53%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
11.53%
21.17%
FLOT (iShares Floating Rate Bond ETF)
Benchmark (^GSPC)

Alternatives


SymbolInceptionExpense RatioYTD Ret.10Y Ann. Ret.Div. YieldMax. DrawdownSharpe Ratio
FLRNNov 30, 20110.15%0.5%1.3%2.9%-14.6%0.9