BBCB vs. FLOT
BBCB (JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF) and FLOT (iShares Floating Rate Bond ETF) are both Corporate Bonds funds - BBCB tracks the Bloomberg US Corporate Investment Grade while FLOT tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past 5 years, BBCB returned 0.84%/yr vs 4.20%/yr for FLOT. At a 0.14 correlation, their price movements are largely independent. BBCB charges 0.09%/yr vs 0.20%/yr for FLOT.
Performance
BBCB vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, BBCB achieves a 2.82% return, which is significantly higher than FLOT's 1.89% return.
BBCB
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 2.82%
- 6M
- 2.66%
- 1Y
- 8.37%
- 3Y*
- 5.98%
- 5Y*
- 0.84%
- 10Y*
- —
FLOT
- 1D
- 0.04%
- 1M
- 0.51%
- YTD
- 1.89%
- 6M
- 2.21%
- 1Y
- 4.91%
- 3Y*
- 5.65%
- 5Y*
- 4.20%
- 10Y*
- 3.03%
BBCB vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 2.82% | 7.69% | 1.97% | 8.42% | -15.72% | -2.23% | 10.39% | 14.86% | 0.43% |
FLOT iShares Floating Rate Bond ETF | 1.89% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 0.05% |
Correlation
The correlation between BBCB and FLOT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.14 |
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Return for Risk
BBCB vs. FLOT — Risk / Return Rank
BBCB
FLOT
BBCB vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) and iShares Floating Rate Bond ETF (FLOT). 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.
| BBCB | FLOT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 6.68 | -4.97 |
Sortino ratioReturn per unit of downside risk | 2.79 | 12.15 | -9.36 |
Omega ratioGain probability vs. loss probability | 1.34 | 3.31 | -1.98 |
Calmar ratioReturn relative to maximum drawdown | 2.85 | 11.42 | -8.57 |
Martin ratioReturn relative to average drawdown | 10.09 | 106.82 | -96.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBCB | FLOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 6.68 | -4.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 2.38 | -2.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.66 | -0.20 |
Drawdowns
BBCB vs. FLOT - Drawdown Comparison
The maximum BBCB drawdown since its inception was -22.48%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for BBCB and FLOT.
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Drawdown Indicators
| BBCB | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -13.54% | -8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -0.43% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -6.46% | -1.57% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -22.32% | -2.36% | -19.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -0.34% | 0.00% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -0.21% | -6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.05% | +0.78% |
Volatility
BBCB vs. FLOT - Volatility Comparison
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) has a higher volatility of 1.41% compared to iShares Floating Rate Bond ETF (FLOT) at 0.18%. This indicates that BBCB's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBCB | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 0.18% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 0.62% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 0.74% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 1.77% | +5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 4.15% | +3.35% |
BBCB vs. FLOT - Expense Ratio Comparison
BBCB has a 0.09% expense ratio, which is lower than FLOT's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBCB vs. FLOT - Dividend Comparison
BBCB's dividend yield for the trailing twelve months is around 7.15%, more than FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 7.15% | 5.02% | 5.22% | 4.22% | 3.39% | 3.47% | 4.59% | 5.25% | 0.20% | 0.00% | 0.00% | 0.00% |
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
Frequently Asked Questions
BBCB and FLOT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBCB has higher volatility (1.41%) compared to FLOT (0.18%). In terms of maximum drawdown, BBCB dropped -22.48% vs FLOT's -13.54%.
On 5-year performance, FLOT leads with 4.20% vs 0.84% for BBCB. On fees, BBCB is cheaper at 0.09% per year. On volatility, FLOT has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLOT has performed better with a 4.20% return vs 0.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBCB is cheaper with a 0.09% expense ratio, compared with 0.20% for FLOT.
BBCB has the higher dividend yield at 7.15%, compared with 4.53% for FLOT.
BBCB tracks Bloomberg US Corporate Investment Grade, while FLOT tracks Bloomberg US Floating Rate Notes (<5 Y). They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.09% for BBCB and 0.20% for FLOT.
FLOT currently has the higher Sharpe Ratio (6.68 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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