- ISIN
- US46429B6552
- CUSIP
- 46429B655
- Issuer
- iShares
- Inception Date
- Jun 14, 2011
- Region
- Developed Markets (Broad)
- Category
- Ultrashort Bond, Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg US Floating Rate Note < 5 Years Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $10B
Share Price Chart
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Performance
FLOT Performance Chart
iShares Floating Rate Bond ETF (FLOT) is up 2.0% since the beginning of the year. FLOT is currently trading at $51 per share. Investors who bought $1,000 worth of FLOT shares 5 years ago would now be looking at an investment worth $1,230.
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Returns By Period
iShares Floating Rate Bond ETF (FLOT) has returned 2.03% so far this year and 4.78% over the past 12 months. Over the last ten years, FLOT has returned 3.04% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Floating Rate Bond ETF
- 1D
- 0.02%
- 1M
- 0.33%
- YTD
- 2.03%
- 6M
- 2.19%
- 1Y
- 4.78%
- 3Y*
- 5.60%
- 5Y*
- 4.22%
- 10Y*
- 3.04%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FLOT Monthly Returns History
Based on dividend-adjusted daily data since Jun 17, 2011, FLOT's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.
Historically, 80% of months were positive and 20% were negative. The best month was Apr 2020 with a return of +2.8%, while the worst month was Mar 2020 at -4.2%. The longest winning streak lasted 39 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FLOT closed higher 50% of trading days. The best single day was Mar 13, 2020 with a return of +4.5%, while the worst single day was Mar 12, 2020 at -6.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.35% | 0.26% | 0.22% | 0.53% | 0.35% | 0.29% | 2.03% | ||||||
| 2025 | 0.39% | 0.42% | 0.30% | 0.16% | 0.51% | 0.51% | 0.44% | 0.43% | 0.49% | 0.38% | 0.40% | 0.37% | 4.91% |
| 2024 | 0.63% | 0.75% | 0.47% | 0.58% | 0.59% | 0.39% | 0.53% | 0.42% | 0.45% | 0.45% | 0.56% | 0.51% | 6.53% |
| 2023 | 0.66% | 0.72% | -0.41% | 0.91% | 0.68% | 0.66% | 0.54% | 0.51% | 0.54% | 0.49% | 0.44% | 0.53% | 6.43% |
| 2022 | -0.06% | -0.03% | -0.26% | 0.02% | -0.23% | -0.81% | 0.66% | 0.44% | 0.05% | 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% |
Benchmark Metrics
iShares Floating Rate Bond ETF has an annualized alpha of 1.43%, beta of 0.07, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since June 17, 2011.
- This ETF captured 7.12% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.40%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.07 may look defensive, but with R2 of 0.12 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 0.12 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
- 1.43%
- Beta
- 0.07
- R²
- 0.12
- Upside Capture
- 7.12%
- Downside Capture
- -0.40%
Expense Ratio
FLOT has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
FLOT 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 ETF (FLOT) 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.
| FLOT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.39 | ||
| Sortino ratioReturn per unit of downside risk | +8.82 | ||
| Omega ratioGain probability vs. loss probability | 3.15 | 1.37 | +1.78 |
| Calmar ratioReturn relative to maximum drawdown | 11.13 | 2.78 | +8.34 |
| Martin ratioReturn relative to average drawdown | 103.02 | 12.44 | +90.58 |
Dividends
Dividend History
iShares Floating Rate Bond ETF provided a 4.53% dividend yield over the last twelve months, with an annual payout of $2.31 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.31 | $2.46 | $2.96 | $2.87 | $1.04 | $0.22 | $0.63 | $1.42 | $1.21 | $0.74 | $0.49 | $0.27 |
Dividend yield | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.17 | $0.16 | $0.18 | $0.18 | $0.18 | $0.87 | ||||||
| 2025 | $0.00 | $0.20 | $0.19 | $0.21 | $0.21 | $0.21 | $0.20 | $0.21 | $0.21 | $0.21 | $0.21 | $0.40 | $2.46 |
| 2024 | $0.00 | $0.26 | $0.24 | $0.26 | $0.25 | $0.26 | $0.25 | $0.25 | $0.26 | $0.24 | $0.24 | $0.45 | $2.96 |
| 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 | $0.02 | $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 |
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 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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -13.54%Mar 2020 | 24d | 4mo 19d | 5mo 13dFeb 2020 - Aug 2020 |
2011 pullback2011 | -2.64%Oct 2011 | 2mo 28d | 4mo 20d | 7mo 18dJul 2011 - Feb 2012 |
2023 pullback2023 | -2.36%Mar 2023 | 6d | 1mo 6d | 1mo 12dMar 2023 - Apr 2023 |
Bear market2022 | -1.74%Jun 2022 | 8mo 18d | 3mo 8d | 11mo 26dOct 2021 - Sep 2022 |
2025 selloff2025 | -1.57%Apr 2025 | 1d | 25d | 26dApr 2025 - Apr 2025 |
Drawdown Indicators
| FLOT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -56.78% | +43.24% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -9.10% | +8.67% |
Max Drawdown (3Y)Largest decline over 3 years | -1.57% | -18.90% | +17.33% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -25.43% | +23.07% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | -33.92% | +20.38% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -10.71% | +10.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.03% | -1.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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