BHK vs. FLOT
BHK (BlackRock Core Bond Trust) is a stock, while FLOT (iShares Floating Rate Bond ETF) is Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. Over the past 10 years, BHK returned 2.94%/yr vs 3.05%/yr for FLOT. At a 0.06 correlation, their price movements are largely independent.
Performance
BHK vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, BHK achieves a -1.51% return, which is significantly lower than FLOT's 2.05% return. Both investments have delivered pretty close results over the past 10 years, with BHK having a 2.94% annualized return and FLOT not far ahead at 3.05%.
BHK
- 1D
- 0.22%
- 1M
- 2.20%
- YTD
- -1.51%
- 6M
- -0.79%
- 1Y
- 1.77%
- 3Y*
- 3.84%
- 5Y*
- -2.83%
- 10Y*
- 2.94%
FLOT
- 1D
- 0.04%
- 1M
- 0.35%
- YTD
- 2.05%
- 6M
- 2.14%
- 1Y
- 4.76%
- 3Y*
- 5.60%
- 5Y*
- 4.23%
- 10Y*
- 3.05%
BHK vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | -1.51% | 2.51% | 4.02% | 14.42% | -32.52% | 8.03% | 18.02% | 26.36% | -7.59% | 14.22% |
FLOT iShares Floating Rate Bond ETF | 2.05% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
Correlation
The correlation between BHK and FLOT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2011 | 0.06 |
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Return for Risk
BHK vs. FLOT — Risk / Return Rank
BHK
FLOT
BHK vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Core Bond Trust (BHK) 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.
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.
| BHK | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.18 | ||
| Sortino ratioReturn per unit of downside risk | -11.18 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 3.12 | -2.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 11.08 | -10.86 |
| Martin ratioReturn relative to average drawdown | 0.52 | 102.54 | -102.02 |
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Drawdowns
BHK vs. FLOT - Drawdown Comparison
The maximum BHK drawdown since its inception was -39.59%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for BHK and FLOT.
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Drawdown Indicators
| BHK | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.59% | -13.54% | -26.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -0.43% | -7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -1.57% | -13.16% |
Max Drawdown (5Y)Largest decline over 5 years | -39.59% | -2.36% | -37.23% |
Max Drawdown (10Y)Largest decline over 10 years | -39.59% | -13.54% | -26.05% |
Current DrawdownCurrent decline from peak | -20.08% | 0.00% | -20.08% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -0.21% | -7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 0.05% | +3.35% |
Volatility
BHK vs. FLOT - Volatility Comparison
BlackRock Core Bond Trust (BHK) has a higher volatility of 2.52% compared to iShares Floating Rate Bond ETF (FLOT) at 0.21%. This indicates that BHK'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
| BHK | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 0.21% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.58% | 0.63% | +5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 0.75% | +7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 1.78% | +12.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.12% | 4.15% | +8.97% |
Dividends
BHK vs. FLOT - Dividend Comparison
BHK's dividend yield for the trailing twelve months is around 9.95%, more than FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHK BlackRock Core Bond Trust | 9.95% | 9.25% | 8.56% | 8.21% | 7.91% | 6.36% | 5.06% | 5.32% | 6.39% | 5.56% | 6.23% | 7.03% |
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
BHK and FLOT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHK has higher volatility (2.52%) compared to FLOT (0.21%). In terms of maximum drawdown, BHK dropped -39.59% vs FLOT's -13.54%.
FLOT currently has the higher Sharpe Ratio (6.39 vs 0.20), 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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