iShares Floating Rate Bond ETF (FLOT) belongs to the Ultrashort Bond category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FLOT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FLOT
FLOT charges 0.15% annually. There are 19 ETFs in the Ultrashort Bond category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.91B | Sep 2022 | FLOT vs XHLF | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 758.60M | Sep 2022 | FLOT vs XONE | |
| State Street SPDR Portfolio Ultra Short T-Bill ETF | 0.05% | 13.77M | Oct 2025 | FLOT vs SPTU | |
| Xtrackers US 0-1 Year Treasury ETF | 0.06% | — | Oct 2024 | FLOT vs TRSY | |
| Global X 1-3 Month T-Bill ETF | 0.07% | 2.61B | Jun 2023 | FLOT vs CLIP |
Best Risk-Adjusted Alternatives to FLOT
FLOT has a PortfoliosLab risk / return rank of 99. There are 45 ETFs in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 100 | 97.69B | May 2020 | FLOT vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 46.75B | May 2007 | FLOT vs BIL | |
| Invesco Short Term Treasury ETF | 100 | 2.59B | Jan 2017 | FLOT vs TBLL | |
| Vanguard 0-3 Month Treasury Bill ETF | 100 | 8.40B | Feb 2025 | FLOT vs VBIL | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 100 | 1.03B | Jun 2023 | FLOT vs BILZ |
Top Performing FLOT Alternatives (YTD)
FLOT is at 2.29% YTD. There are 6 ETFs in the Ultrashort Bond category with higher YTD returns, going as high as 3.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| American Century Multisector Floating Income ETF | 3.07% | 22.67M | Mar 2023 | FLOT vs FUSI | |
| CrossingBridge Ultra-Short Duration ETF | 2.92% | 14.84M | Sep 2021 | FLOT vs CUSD | |
| NEOS Enhanced Income 1-3 Month T-Bill ETF | 2.69% | 1.45B | Aug 2022 | FLOT vs CSHI | |
| VanEck IG Floating Rate ETF | 2.46% | 2.89B | Apr 2011 | FLOT vs FLTR | |
| Simplify Treasury Option Income ETF | 2.42% | 474.96M | Oct 2022 | FLOT vs BUCK |
Lowest Volatility Alternatives to FLOT
FLOT has 0.75% 1-year volatility. There are 51 ETFs in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.19% | 97.69B | May 2020 | FLOT vs SGOV | |
| Invesco Short Term Treasury ETF | 0.20% | 2.59B | Jan 2017 | FLOT vs TBLL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 46.75B | May 2007 | FLOT vs BIL | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 0.21% | 1.03B | Jun 2023 | FLOT vs BILZ | |
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.86B | Jan 2007 | FLOT vs SHV |
Lowest Drawdown Alternatives to FLOT
FLOT has a 1-year max drawdown of -0.43%. There are 55 ETFs in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 46.75B | May 2007 | FLOT vs BIL | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.01% | 8.40B | Feb 2025 | FLOT vs VBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.01% | 97.69B | May 2020 | FLOT vs SGOV | |
| Invesco Short Term Treasury ETF | -0.02% | 2.59B | Jan 2017 | FLOT vs TBLL | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.02% | 1.03B | Jun 2023 | FLOT vs BILZ |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include IBIT, SOXX, IVV and span 15 categories. AUM among these funds goes as high as $894B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -26.32% | 46.82B | Jan 2024 | FLOT vs IBIT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 94 | 88.79% | 47.60B | Jul 2001 | FLOT vs SOXX | |
| iShares Core S&P 500 ETF | S&P 500 | 67 | 10.84% | 894.38B | May 2000 | FLOT vs IVV | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 14 | -1.35% | 42.18B | Jul 2002 | FLOT vs TLT | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 83 | 11.23% | 42.05B | Jun 2014 | FLOT vs DGRO | |
| iShares Silver Trust | Silver, Precious Metals | 29 | -17.46% | 28.37B | Apr 2006 | FLOT vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 24 | -6.04% | 60.94B | Jan 2005 | FLOT vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 68 | 20.14% | 83.34B | May 2000 | FLOT vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 65 | 11.64% | 33.36B | Mar 2008 | FLOT vs ACWI | |
| iShares MSCI USA Momentum Factor ETF | Momentum, Large Cap Blend Equities | 60 | 28.00% | 27.36B | Apr 2013 | FLOT vs MTUM |
Often Compared With FLOT
Investors most often compare FLOT with USFR, FLRN, FLOA.L. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare FLOT with Any Fund or Stock
Compare FLOT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FLOT with funds that move differently
iShares Floating Rate Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FLOT.
Explore FLOT Diversifiers