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FLOT vs. BOXX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FLOT vs. BOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Floating Rate Bond ETF (FLOT) and Alpha Architect 1-3 Month Box ETF (BOXX). The values are adjusted to include any dividend payments, if applicable.

0.00%0.50%1.00%1.50%2.00%2.50%3.00%JuneJulyAugustSeptemberOctoberNovember
2.90%
2.49%
FLOT
BOXX

Returns By Period

In the year-to-date period, FLOT achieves a 5.82% return, which is significantly higher than BOXX's 4.53% return.


FLOT

YTD

5.82%

1M

0.56%

6M

2.96%

1Y

6.57%

5Y (annualized)

3.01%

10Y (annualized)

2.34%

BOXX

YTD

4.53%

1M

0.35%

6M

2.50%

1Y

5.23%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


FLOTBOXX
Sharpe Ratio8.1713.74
Sortino Ratio14.9746.82
Omega Ratio4.5810.46
Calmar Ratio14.92137.65
Martin Ratio161.58731.54
Ulcer Index0.04%0.01%
Daily Std Dev0.81%0.38%
Max Drawdown-13.54%-0.12%
Current Drawdown0.00%0.00%

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FLOT vs. BOXX - Expense Ratio Comparison

Both FLOT and BOXX have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


FLOT
iShares Floating Rate Bond ETF
Expense ratio chart for FLOT: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%
Expense ratio chart for BOXX: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.00.1

The correlation between FLOT and BOXX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

FLOT vs. BOXX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and Alpha Architect 1-3 Month Box ETF (BOXX). 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.


Sharpe ratio
The chart of Sharpe ratio for FLOT, currently valued at 8.17, compared to the broader market0.002.004.006.008.1713.74
The chart of Sortino ratio for FLOT, currently valued at 14.97, compared to the broader market-2.000.002.004.006.008.0010.0012.0014.9746.82
The chart of Omega ratio for FLOT, currently valued at 4.58, compared to the broader market0.501.001.502.002.503.004.5810.46
The chart of Calmar ratio for FLOT, currently valued at 14.92, compared to the broader market0.005.0010.0015.0020.0014.92137.65
The chart of Martin ratio for FLOT, currently valued at 161.58, compared to the broader market0.0020.0040.0060.0080.00100.00120.00161.58731.54
FLOT
BOXX

The current FLOT Sharpe Ratio is 8.17, which is lower than the BOXX Sharpe Ratio of 13.74. The chart below compares the historical Sharpe Ratios of FLOT and BOXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio8.009.0010.0011.0012.0013.0014.00JuneJulyAugustSeptemberOctoberNovember
8.17
13.74
FLOT
BOXX

Dividends

FLOT vs. BOXX - Dividend Comparison

FLOT's dividend yield for the trailing twelve months is around 5.91%, more than BOXX's 0.27% yield.


TTM20232022202120202019201820172016201520142013
FLOT
iShares Floating Rate Bond ETF
5.91%5.66%2.06%0.43%1.25%2.78%2.41%1.45%0.97%0.53%0.44%0.48%
BOXX
Alpha Architect 1-3 Month Box ETF
0.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FLOT vs. BOXX - Drawdown Comparison

The maximum FLOT drawdown since its inception was -13.54%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for FLOT and BOXX. For additional features, visit the drawdowns tool.


-0.40%-0.30%-0.20%-0.10%0.00%JuneJulyAugustSeptemberOctoberNovember00
FLOT
BOXX

Volatility

FLOT vs. BOXX - Volatility Comparison

iShares Floating Rate Bond ETF (FLOT) has a higher volatility of 0.20% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.08%. This indicates that FLOT's price experiences larger fluctuations and is considered to be riskier than BOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.10%0.20%0.30%0.40%0.50%JuneJulyAugustSeptemberOctoberNovember
0.20%
0.08%
FLOT
BOXX