0FLE.L vs. FLO5.L
0FLE.L (iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)) and FLO5.L (iShares USD Floating Rate Bond UCITS ETF) are both exchange-traded funds - 0FLE.L is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note<5 Years Index, while FLO5.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, 0FLE.L returned 2.58%/yr vs 5.04%/yr for FLO5.L. At a correlation of -0.02, they often move in opposite directions. 0FLE.L charges 0.12%/yr vs 0.10%/yr for FLO5.L.
Performance
0FLE.L vs. FLO5.L - Performance Comparison
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Different Trading Currencies
0FLE.L is traded in EUR, while FLO5.L is traded in GBp. To make them comparable, the FLO5.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0FLE.L achieves a 2.14% return, which is significantly lower than FLO5.L's 5.04% return.
0FLE.L
- 1D
- 0.47%
- 1M
- 0.94%
- 6M
- 2.14%
- YTD
- 2.14%
- 1Y
- 3.33%
- 3Y*
- 3.92%
- 5Y*
- 2.58%
- 10Y*
- —
FLO5.L
- 1D
- -0.26%
- 1M
- 1.67%
- 6M
- 3.72%
- YTD
- 5.04%
- 1Y
- 6.78%
- 3Y*
- 4.96%
- 5Y*
- 5.04%
- 10Y*
- —
0FLE.L vs. FLO5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 2.14% | 2.69% | 4.89% | 4.20% | -0.49% | -0.51% | -1.77% | 2.79% | -1.65% | -0.04% |
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 5.04% | -7.16% | 13.32% | 2.89% | 7.70% | 8.37% | -7.94% | 7.20% | 5.95% | -0.04% |
Correlation
The correlation between 0FLE.L and FLO5.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2017 | -0.02 |
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Return for Risk
0FLE.L vs. FLO5.L — Risk / Return Rank
0FLE.L
FLO5.L
0FLE.L vs. FLO5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) and iShares USD Floating Rate Bond UCITS ETF (FLO5.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| 0FLE.L | FLO5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 2.17 | +2.55 |
| Martin ratioReturn relative to average drawdown | 13.03 | 5.01 | +8.02 |
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Drawdowns
0FLE.L vs. FLO5.L - Drawdown Comparison
The maximum 0FLE.L drawdown since its inception was -3.91%, smaller than the maximum FLO5.L drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for 0FLE.L and FLO5.L.
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Drawdown Indicators
| 0FLE.L | FLO5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.91% | -13.71% | +9.80% |
Max Drawdown (1Y)Largest decline over 1 year | -0.71% | -3.12% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -2.86% | -11.33% | +8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -2.86% | -11.33% | +8.47% |
Current DrawdownCurrent decline from peak | -0.00% | -4.27% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -4.65% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 1.34% | -1.08% |
Volatility
0FLE.L vs. FLO5.L - Volatility Comparison
iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) has a higher volatility of 1.55% compared to iShares USD Floating Rate Bond UCITS ETF (FLO5.L) at 1.47%. This indicates that 0FLE.L's price experiences larger fluctuations and is considered to be riskier than FLO5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0FLE.L | FLO5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.47% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 4.51% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 6.24% | -3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.74% | 8.15% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.07% | 8.23% | -5.16% |
0FLE.L vs. FLO5.L - Expense Ratio Comparison
0FLE.L has a 0.12% expense ratio, which is higher than FLO5.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
0FLE.L vs. FLO5.L - Dividend Comparison
0FLE.L's dividend yield for the trailing twelve months is around 4.69%, less than FLO5.L's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 4.69% | 5.04% | 6.01% | 5.52% | 1.49% | 0.58% | 1.60% | 2.96% | 2.07% | 0.36% |
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 4.74% | 5.11% | 5.98% | 5.63% | 1.47% | 0.59% | 1.73% | 3.00% | 2.16% | 0.48% |
Frequently Asked Questions
0FLE.L and FLO5.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLO5.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLO5.L is cheaper with a 0.10% expense ratio, compared with 0.12% for 0FLE.L.
0FLE.L is categorized as Ultrashort Bond, while FLO5.L is Corporate Bonds. 0FLE.L tracks Bloomberg US Floating Rate Note<5 Years Index, while FLO5.L tracks Bloomberg US Corp Bond TR USD. Their fees differ too: 0.12% for 0FLE.L and 0.10% for FLO5.L.
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